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        <name>Amkor Technology, Inc.</name>
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        <name>FHLMC</name>
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        <name>Benin Government International Bond</name>
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        <invCountry>BJ</invCountry>
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        <name>NuStar Logistics LP</name>
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        <name>Oportun Issuance Trust</name>
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        <name>7-Eleven, Inc.</name>
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        <name>Southern California Edison Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-15</maturityDt>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>Potomac Electric Power Co.</name>
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        <name>British Airways Pass-Through Trust</name>
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        <name>Nordstrom, Inc.</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 30 Year</title>
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        <name>Energizer Holdings, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>HINNT LLC</name>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
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        <name>Sonic Automotive, Inc.</name>
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        <name>Owens &amp; Minor, Inc.</name>
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        <name>BNP Paribas SA</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>TotalEnergies Capital International SA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>DISH DBS Corp.</name>
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        <name>Corp. Nacional del Cobre de Chile</name>
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        <name>SCF Equipment Leasing LLC</name>
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        <name>FNMA</name>
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        <name>VM Master Issuer LLC</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FREMF Mortgage Trust</name>
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        <name>Cars Net Lease Mortgage Notes</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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      <invstOrSec>
        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Encino Acquisition Partners Holdings LLC</name>
        <lei>549300BUKUEKT2UE4T49</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NMG, Inc.</name>
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        <title>NMG, Inc.</title>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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        <name>Merrill Lynch Mortgage Investors Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Future Ticker" value="WNZ4 Comdty"/>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <cusip>38375BK84</cusip>
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          <isin value="US38375BK843"/>
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        <curCd>USD</curCd>
        <valUSD>4885.99000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
        <lei>N/A</lei>
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        <cusip>35563PBG3</cusip>
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          <isin value="US35563PBG37"/>
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        <balance>12000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 30 Year</title>
        <cusip>31296MMQ9</cusip>
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          <isin value="US31296MMQ95"/>
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        <balance>15429.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14979.84000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Standard Industries, Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Industries, Inc.</title>
        <cusip>853496AG2</cusip>
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        <balance>6254000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Biogen, Inc.</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
        <title>Biogen, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
        <cusip>445545AQ9</cusip>
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        <balance>1640000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31392ET345"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <name>FNMA/FHLMC</name>
        <lei>N/A</lei>
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          <isin value="US01F0426993"/>
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        <issuerCat>USGSE</issuerCat>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3138W9GY0</cusip>
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        <balance>4646717.34000000</balance>
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          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
        <cusip>961214FN8</cusip>
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          <isin value="US961214FN86"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2620814.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.53500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 3292, Class DO</title>
        <cusip>31397FRF1</cusip>
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        <balance>27595.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24368.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BWX Technologies, Inc.</name>
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        <name>FNMA</name>
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        <name>Alternative Loan Trust</name>
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        <name>Nexstar Media, Inc.</name>
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        <name>Trivium Packaging Finance BV</name>
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        <name>Norfolk Southern Corp.</name>
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        <name>NorthRiver Midstream</name>
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        <name>Home RE Ltd.</name>
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        <name>Adient Global Holdings Ltd.</name>
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        <name>Liberty Mutual Group, Inc.</name>
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        <name>Banco Santander SA</name>
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        <name>FNMA</name>
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        <name>Gulfport Energy Corp.</name>
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        <name>FNMA</name>
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        <name>Spirit Airlines Pass-Through Trust</name>
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        <name>Bastion Funding LLC</name>
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        <name>Oracle Corp.</name>
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        <name>FHLMC</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <invCountry>JP</invCountry>
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        <name>Telecom Italia Capital SA</name>
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        <name>Chesapeake Energy Corp.</name>
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        <name>FNMA</name>
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        <name>VOLT XCIV LLC</name>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <name>FREMF 2020-K122 Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Central American Bottling Corp.</name>
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        <name>Xerox Holdings Corp.</name>
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        <name>United Rentals North America, Inc.</name>
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        <name>Tallgrass Energy Partners LP</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>Realty Income Corp.</name>
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        <name>NCR Voyix Corp.</name>
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        <name>First Student Bidco, Inc.</name>
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        <name>Cascade MH Asset Trust</name>
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        <name>Glencore Finance Canada Ltd.</name>
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        <name>SPX Flow, Inc.</name>
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        <name>FHLMC</name>
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        <name>Union Carbide Corp.</name>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <invCountry>US</invCountry>
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        <name>FREMF Mortgage Trust</name>
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        <name>Diversified ABS Phase VIII LLC</name>
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        <name>Berkshire Hathaway Energy Co.</name>
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        <name>Rcfii Baml Frn</name>
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        <name>FNMA</name>
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        <name>Dana Financing Luxembourg SARL</name>
        <lei>222100DKCE3D036DQU13</lei>
        <title>Dana Financing Luxembourg SARL</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>vMobo, Inc.</name>
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        <name>Lehman Brothers Holdings, Inc.</name>
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        <title>Lehman Brothers Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2015-08-01</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Paraguay Government International Bond</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-09</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Apple, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>EQM Midstream Partners LP</name>
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        <name>PRET LLC</name>
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        <name>Banco Santander SA</name>
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        <name>CF Industries, Inc.</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>Standard Chartered plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goodgreen Trust</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
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        <name>FREMF 2019-K92 Mortgage Trust</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Federation des Caisses Desjardins du Quebec</name>
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        <name>Bank of America Corp.</name>
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        <name>NiSource, Inc.</name>
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        <name>FNMA</name>
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        <name>Coterra Energy, Inc.</name>
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        <name>Alimentation Couche-Tard, Inc.</name>
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        <name>CoreVest American Finance Trust</name>
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        <name>RTX Corp.</name>
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        <name>Standard Chartered plc</name>
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        <name>NNN REIT, Inc.</name>
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        <name>FNMA</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2018-M7, Class A2</title>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>UBS Group AG</name>
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        <name>Tucson Electric Power Co.</name>
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        <name>BMD2 Re-Remic Trust</name>
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        <name>LYB International Finance III LLC</name>
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        <name>Northrop Grumman Corp.</name>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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        <name>HERO Funding Trust</name>
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        <name>FREMF 2018-K081 Mortgage Trust</name>
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        <name>Triton Water Holdings, Inc.</name>
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        <name>GNMA</name>
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        <name>GNMA</name>
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        <name>Piedmont Natural Gas Co., Inc.</name>
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        <name>Mitsubishi HC Finance America LLC</name>
        <lei>3538008O2MCHLB9FAL82</lei>
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        <name>Public Service Co. of Colorado</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>CSC Holdings LLC</name>
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        <name>FNMA</name>
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        <name>FMC GMSR Issuer Trust</name>
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        <name>FHLMC</name>
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        <name>Dominican Republic</name>
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        <name>US Auto Funding</name>
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        <name>TransCanada PipeLines Ltd.</name>
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        <name>Aker BP ASA</name>
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        <name>Central Garden &amp; Pet Co.</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>Central Garden &amp; Pet Co.</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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      <invstOrSec>
        <name>Rite Aid Corp.</name>
        <lei>529900W353T1JY1DKT44</lei>
        <title>Rite Aid Corp.</title>
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        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
        <title>Berkshire Hathaway Energy Co.</title>
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          <annualizedRt>4.60000000</annualizedRt>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 30 Year</title>
        <cusip>3132WEX80</cusip>
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        <balance>364581.80000000</balance>
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        <valUSD>341298.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co.</title>
        <cusip>532457CM8</cusip>
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        <name>University of Southern California</name>
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        <name>Structured Asset Securities Corp. Mortgage Pass-Through Certificates</name>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Albertsons Cos., Inc.</name>
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      <invstOrSec>
        <name>FHLMC</name>
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          <isin value="US3137FYTZ92"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-25</maturityDt>
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      <invstOrSec>
        <name>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>Asbury Automotive Group, Inc.</title>
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          <isin value="US043436AV64"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BP Capital Markets plc</name>
        <lei>549300CRVT18MXX0AG93</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-22</maturityDt>
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        <name>PG&amp;E Wildfire Recovery Funding LLC</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>JBS USA Holding Lux SARL</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>American Homes 4 Rent Trust</name>
        <lei>N/A</lei>
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        <name>Republic of Paraguay</name>
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        <name>Mauser Packaging Solutions Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>BAMLL RE-Remic Trust</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>NTT Finance Corp.</name>
        <lei>3538007PR116187GD960</lei>
        <title>NTT Finance Corp.</title>
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        <balance>3500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 2557, Class HL</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <name>HSBC Holdings plc</name>
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        <name>Vale Overseas Ltd.</name>
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        <name>FNMA</name>
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        <name>Octane Receivables Trust</name>
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        <name>Kingdom of Saudi Arabia</name>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <name>FREMF 2019-K92 Mortgage Trust</name>
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        <name>FNMA</name>
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        <name>Marathon Oil Corp.</name>
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        <name>FNMA</name>
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        <name>Allianz SE</name>
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        <name>LL ABS Trust</name>
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        <name>Southwestern Energy Co.</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Co.</title>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>Boeing Co. (The)</name>
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      <invstOrSec>
        <name>Rite Aid Corp.</name>
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        <name>Jonah</name>
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        <name>FHLMC Pool</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>FHLMC</name>
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        <title>FHLMC Gold Pools, 30 Year</title>
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      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <name>FREMF 2020-K116 Mortgage Trust</name>
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        <name>United Airlines Pass-Through Trust</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>LP LMS Asset Securitization Trust</name>
        <lei>N/A</lei>
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        <name>Parker-Hannifin Corp.</name>
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        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
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        <name>United States of America</name>
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        <name>FREMF 2020-K116 Mortgage Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <name>GNMA</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>GNMA</name>
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        <name>Hughes Satellite Systems Corp.</name>
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        <name>Six Flags Entertainment Corp.</name>
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        <name>FNMA</name>
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        <name>DH Europe Finance II SARL</name>
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        <name>Summit Materials LLC</name>
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        <name>Macquarie Group Ltd.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Big River Steel LLC</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>FHLMC</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3140E5KY9</cusip>
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        <name>CRH America Finance, Inc.</name>
        <lei>549300WEVUODRJ4CWK56</lei>
        <title>CRH America Finance, Inc.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>CSX Corp.</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>WESCO Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WESCO Distribution, Inc.</title>
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        <name>FNMA</name>
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        <name>Target Corp.</name>
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      <invstOrSec>
        <name>FMC GMSR Issuer Trust</name>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
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      <invstOrSec>
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        <name>DNB Bank ASA</name>
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        <name>JPMorgan Mortgage Trust</name>
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        <name>DISH DBS Corp.</name>
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        <name>Ventas Realty LP</name>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Grantor Trust, Whole Loan, Series 2004-T3, Class 14</title>
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      <invstOrSec>
        <name>WaMu Mortgage Pass-Through Certificates Trust</name>
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      <invstOrSec>
        <name>FREMF 2020-K107 Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Constellation Energy Generation LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCF Equipment Leasing LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
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          <isin value="US02377BAA44"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp.</name>
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        <title>CVS Health Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>6297782 LLC</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CommonSpirit Health</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp.</name>
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        <title>CVS Health Corp.</title>
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        <name>Hilton Grand Vacations Trust</name>
        <lei>N/A</lei>
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        <name>BPCE SA</name>
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        <name>GSR Mortgage Loan Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140XJ6P3</cusip>
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        <balance>26032137.79000000</balance>
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        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
        <cusip>780153BT8</cusip>
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        <balance>7580000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Foursight Capital Automobile Receivables Trust</name>
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        <name>Aviation Capital Group LLC</name>
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        <name>Baltimore Gas and Electric Co.</name>
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        <name>Warnermedia Holdings, Inc.</name>
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        <name>FNMA</name>
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        <name>CNA Financial Corp.</name>
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        <name>FHLMC</name>
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        <name>Pagaya AI Technology in Housing Trust</name>
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        <name>NW Re-REMIC TRUST</name>
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        <name>Alabama Power Co.</name>
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        <name>Telecom Italia Capital SA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>SCF Equipment Leasing LLC</name>
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        <name>FNMA</name>
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        <name>Series RR Trust</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr. Pepper, Inc.</title>
        <cusip>26138EAU3</cusip>
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        <name>Starbucks Corp.</name>
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        <name>Block, Inc.</name>
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        <name>Gulfport Energy Corp.</name>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
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        <name>MASTR Alternative Loan Trust</name>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>FHLMC</name>
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        <name>Pinnacle West Capital Corp.</name>
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        <name>Dycom Industries, Inc.</name>
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        <name>Ohio Power Co.</name>
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        <name>Oncor Electric Delivery Co. LLC</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>AbbVie, Inc.</name>
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        <name>Encompass Health Corp.</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp.</title>
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        <name>APA Infrastructure Ltd.</name>
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        <name>Clarivate Science Holdings Corp.</name>
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        <name>FHLMC Pool</name>
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        <name>BPCE SA</name>
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        <name>FNMA</name>
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        <name>Carpenter Technology Corp.</name>
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        <name>GNMA</name>
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        <name>Chesapeake Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
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        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>FHLMC</name>
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        <name>Boeing Co. (The)</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <name>AMSR Trust</name>
        <lei>N/A</lei>
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        <name>New York Life Insurance Co.</name>
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        <name>FNMA</name>
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        <name>Elara HGV Timeshare Issuer LLC</name>
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        <name>United Airlines Pass-Through Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>Republic of Senegal</name>
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        <name>Kinetik Holdings LP</name>
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        <name>Wynn Resorts Finance LLC</name>
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        <name>ILFC E-Capital Trust II</name>
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        <name>Deutsche Bank AG</name>
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        <name>FMC GMSR Issuer Trust</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>Elanco Animal Health, Inc.</name>
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        <name>Corp. Nacional del Cobre de Chile</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group, Inc. (The)</title>
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      <invstOrSec>
        <name>DISH Network Corp.</name>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bath &amp; Body Works, Inc.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
        <lei>N/A</lei>
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        <name>BAT Capital Corp.</name>
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          <maturityDt>2028-03-25</maturityDt>
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        <name>MASTR Asset Securitization Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>FHLMC</name>
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        <title>FHLMC Gold Pools, 30 Year</title>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>FHLMC</name>
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        <name>HCA, Inc.</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <issuerCat>UST</issuerCat>
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        <name>Pioneer Natural Resources Co.</name>
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        <title>Pioneer Natural Resources Co.</title>
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        <name>Sierra Timeshare Receivables Funding LLC</name>
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        <name>Packaging Corp. of America</name>
        <lei>549300XZP8MFZFY8TJ84</lei>
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        <name>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
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        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust, Series 2017-FRE2, Class M6</title>
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        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>25714PEN4</cusip>
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          <isin value="US25714PEN42"/>
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        <balance>4043000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>Morgan Stanley Mortgage Loan Trust</name>
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        <name>Envision Healthcare Corp.</name>
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        <name>RTX Corp.</name>
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        <name>GNMA</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>FNMA</name>
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        <name>Bank of America Corp.</name>
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        <name>Atmos Energy Corp.</name>
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        <name>Carnival Corp.</name>
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        <name>Mariner Finance Issuance Trust</name>
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        <name>FHLMC</name>
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        <name>FHLMC</name>
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        <name>NRG Energy, Inc.</name>
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        <title>NRG Energy, Inc.</title>
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        <name>Mizuho Financial Group, Inc.</name>
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        <title>Mizuho Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>NCR Voyix Corp.</name>
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        <name>CommScope LLC</name>
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        <name>GSR Mortgage Loan Trust</name>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>FNMA</name>
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        <title>FNMA UMBS, 30 Year</title>
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        <name>GNMA</name>
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        <name>AREIT Trust</name>
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        <name>Iridium Communications, Inc.</name>
        <lei>254900615BJ7139TFM33</lei>
        <title>Iridium Communications, Inc., 1st Lien Term Loan B</title>
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        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2009-112, Class SW</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury STRIPS Bonds</title>
        <cusip>912834LK2</cusip>
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        <name>MASTR Alternative Loan Trust</name>
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        <name>Oracle Corp.</name>
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        <name>GNMA</name>
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        <name>Buckeye Partners LP</name>
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      <invstOrSec>
        <name>FREMF 2020-K739 Mortgage Trust</name>
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        <name>FHLMC</name>
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        <name>Kingdom of Bahrain</name>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>GNMA</name>
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        <name>FHLMC</name>
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        <name>Ventas Realty LP</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
        <title>Ventas Realty LP</title>
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        <name>Rocket Mortgage LLC</name>
        <lei>N/A</lei>
        <title>Rocket Mortgage LLC</title>
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          <maturityDt>2026-10-15</maturityDt>
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          <annualizedRt>2.87500000</annualizedRt>
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        <name>Service Corp. International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp. International</title>
        <cusip>817565CE2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140XGCN7</cusip>
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        <balance>5897917.20000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
        <cusip>404280DR7</cusip>
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        <balance>3390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3648855.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.39000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Embarq Corp.</name>
        <lei>N/A</lei>
        <title>Embarq Corp.</title>
        <cusip>29078EAA3</cusip>
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          <isin value="US29078EAA38"/>
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        <balance>3973000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1727460.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>LendingPoint Asset Securitization Trust</name>
        <lei>N/A</lei>
        <title>LendingPoint Asset Securitization Trust, Series 2020-REV1, Class C</title>
        <cusip>52606YAC8</cusip>
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        <balance>6417000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.69900000</annualizedRt>
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      <invstOrSec>
        <name>WP Carey, Inc.</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>WP Carey, Inc.</title>
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        <balance>2796000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2248290.94000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mariner Finance Issuance Trust</name>
        <lei>N/A</lei>
        <title>Mariner Finance Issuance Trust, Series 2022-AA, Class E</title>
        <cusip>56847QAE1</cusip>
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          <isin value="US56847QAE17"/>
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        <balance>22167000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2037-10-20</maturityDt>
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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NYU Langone Hospitals</name>
        <lei>N/A</lei>
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        <balance>1078000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Leviathan Bond Ltd.</name>
        <lei>254900D9T8VKYVQNZ220</lei>
        <title>Leviathan Bond Ltd.</title>
        <cusip>N/A</cusip>
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        <curCd>USD</curCd>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Warnermedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>Warnermedia Holdings, Inc.</title>
        <cusip>55903VBD4</cusip>
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        <balance>12290000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FirstKey Homes Trust</name>
        <lei>N/A</lei>
        <title>FirstKey Homes Trust, Series 2020-SFR2, Class F2</title>
        <cusip>33767JAN2</cusip>
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        <balance>18930000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAMLL Re-REMIC Trust</name>
        <lei>N/A</lei>
        <title>BAMLL Re-REMIC Trust, Series 2014-FRR8, Class A</title>
        <cusip>05525QAA5</cusip>
        <identifiers>
          <isin value="US05525QAA58"/>
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        <balance>11648937.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DTE Electric Co.</name>
        <lei>9N0FWODEJVKHC2DYLO03</lei>
        <title>DTE Electric Co.</title>
        <cusip>250847EK2</cusip>
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        <balance>370000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sealed Air Corp.</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>Sealed Air Corp.</title>
        <cusip>81211KAY6</cusip>
        <identifiers>
          <isin value="US81211KAY64"/>
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        <balance>1821000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>AREIT Trust</name>
        <lei>N/A</lei>
        <title>AREIT Trust, Series 2021-CRE5, Class C</title>
        <cusip>04002PAG9</cusip>
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          <isin value="US04002PAG90"/>
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        <balance>4854000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2018-KW06, Class X2B</title>
        <cusip>30306WAL1</cusip>
        <identifiers>
          <isin value="US30306WAL19"/>
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        <balance>16149080.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
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          <annualizedRt>0.10000000</annualizedRt>
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      <invstOrSec>
        <name>CSFB Mortgage-Backed Pass-Through Certificates</name>
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        <title>CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-10, Class 10A4</title>
        <cusip>225470FN8</cusip>
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          <isin value="US225470FN85"/>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140XDGD2</cusip>
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          <isin value="US3140XDGD26"/>
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        <balance>10796892.44000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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      <invstOrSec>
        <name>Residential Asset Securitization Trust</name>
        <lei>N/A</lei>
        <title>Residential Asset Securitization Trust, Series 2003-A8, Class A1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
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        <title>Hyundai Capital America</title>
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      <invstOrSec>
        <name>FREMF 2018-K082 Mortgage Trust</name>
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        <name>ERAC USA Finance LLC</name>
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        <name>GNMA</name>
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      <invstOrSec>
        <name>Cascade Funding Mortgage Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FHLMC</name>
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        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series KS06, Class A2</title>
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      <invstOrSec>
        <name>MASTR Alternative Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US576434SK19"/>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 2764, Class S</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>31394EWV6</cusip>
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      <invstOrSec>
        <name>Lendingpoint Asset Securitization Trust</name>
        <lei>N/A</lei>
        <title>Lendingpoint Asset Securitization Trust, Series 2021-A, Class C</title>
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      <invstOrSec>
        <name>Jersey Central Power &amp; Light Co.</name>
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        <title>Jersey Central Power &amp; Light Co.</title>
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        <name>AMSR Trust</name>
        <lei>N/A</lei>
        <title>AMSR Trust, Series 2020-SFR4, Class E2</title>
        <cusip>66981FAF7</cusip>
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        <name>Bank of Ireland Group plc</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>Bank of Ireland Group plc</title>
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        <invCountry>IE</invCountry>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2019-KBF3, Class C</title>
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        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
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        <invCountry>IT</invCountry>
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        <name>Federative Republic of Brazil</name>
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        <name>Mississippi Power Co.</name>
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        <name>Enel Finance International NV</name>
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        <name>Duke Energy Indiana LLC</name>
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        <name>DTE Electric Securitization Funding II LLC</name>
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        <name>UBS Group AG</name>
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        <name>FNMA</name>
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        <name>Graham Packaging Co., Inc.</name>
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        <name>Nutrien Ltd.</name>
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        <name>Calpine Corp.</name>
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        <name>Brooklyn Union Gas Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.86500000</annualizedRt>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.15900000</annualizedRt>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CE0</cusip>
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          <isin value="US629377CE03"/>
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        <balance>1162000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1162261.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3138LECJ8</cusip>
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          <isin value="US3138LECJ88"/>
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        <balance>3341436.45000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3163409.06000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
        <cusip>05578AAY4</cusip>
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        <balance>17959000.00000000</balance>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-18</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Lehman Brothers Holdings, Inc.</name>
        <lei>549300FDK6ZP3YIHRJ47</lei>
        <title>Lehman Brothers Holdings, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2015-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Cleveland-Cliffs, Inc.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs, Inc.</title>
        <cusip>185899AN1</cusip>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2534580.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Encompass Health Corp.</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp.</title>
        <cusip>29261AAB6</cusip>
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        <balance>2989000.00000000</balance>
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        <valUSD>2897972.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, STRIPS, Series 380, Class S36</title>
        <cusip>3136FFGZ6</cusip>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.43668160</annualizedRt>
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        <name>Northwestern Mutual Global Funding</name>
        <lei>635400LZXFVELZDVP257</lei>
        <title>Northwestern Mutual Global Funding</title>
        <cusip>66815L2S7</cusip>
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        <balance>4140000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-28</maturityDt>
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          <annualizedRt>5.16000000</annualizedRt>
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        <name>Ventas Realty LP</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
        <title>Ventas Realty LP</title>
        <cusip>92277GAJ6</cusip>
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        <balance>212000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205590.42000000</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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          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 3737, Class DG</title>
        <cusip>3137GAU39</cusip>
        <identifiers>
          <isin value="US3137GAU395"/>
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        <balance>13051.34350000</balance>
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        <curCd>USD</curCd>
        <valUSD>12987.16000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2003-J3, Class 2A1</title>
        <cusip>12669FFD0</cusip>
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          <isin value="US12669FFD06"/>
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        <balance>9067.99640000</balance>
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        <valUSD>9553.44000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Eli Lilly &amp; Co.</name>
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        <name>Republic of Colombia</name>
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        <name>FNMA</name>
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        <name>BAE Systems plc</name>
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        <name>Flex Intermediate Holdco LLC</name>
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        <name>American Tower Corp.</name>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
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        <name>Bank of New Zealand</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WaMu Mortgage Pass-Through Certificates Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
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      <invstOrSec>
        <name>Chord Energy Corp.</name>
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        <name>Gulfport Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Air Canada Pass-Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>Republic of Cote d'Ivoire</name>
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        <title>Republic of Cote d'Ivoire</title>
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      <invstOrSec>
        <name>Vertiv Group Corp.</name>
        <lei>549300ZT8RQ5VK10E643</lei>
        <title>Vertiv Group Corp.</title>
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        <name>DaVita, Inc.</name>
        <lei>N/A</lei>
        <title>DaVita, Inc., 1st Lien Term Loan B-1</title>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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      <invstOrSec>
        <name>AmeriGas Partners LP</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Blue Racer Midstream LLC</name>
        <lei>N/A</lei>
        <title>Blue Racer Midstream LLC</title>
        <cusip>095796AK4</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>36202FSH0</cusip>
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        <name>Texas Instruments, Inc.</name>
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        <name>Hess Corp.</name>
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        <name>AMSR Trust</name>
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        <name>FHLMC</name>
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        <name>CD&amp;R Smokey Buyer, Inc.</name>
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        <name>E3</name>
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        <name>Republic of Panama</name>
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        <name>GNMA</name>
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        <name>Santander Holdings USA, Inc.</name>
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        <title>Santander Holdings USA, Inc.</title>
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        <name>Residential Asset Securitization Trust</name>
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        <name>Greenko Dutch BV</name>
        <lei>724500PT585P4JPVRP08</lei>
        <title>Greenko Dutch BV</title>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>San Diego Gas &amp; Electric Co.</name>
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        <name>FREMF 2019-K92 Mortgage Trust</name>
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        <name>FNMA</name>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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        <name>Sunoco LP</name>
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        <name>FHLMC</name>
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        <name>Nationwide Building Society</name>
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        <name>RSFR</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>OGE Energy Corp.</name>
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        <name>FHLMC</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <name>Entegris, Inc.</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>Entegris, Inc.</title>
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      <invstOrSec>
        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
        <lei>5493006GGLR4BTEL8O61</lei>
        <title>Sumitomo Mitsui Trust Bank Ltd.</title>
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        <invCountry>JP</invCountry>
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        <name>Spirit AeroSystems, Inc.</name>
        <lei>ZD2NBKV6GCC3UMGBM518</lei>
        <title>Spirit AeroSystems, Inc.</title>
        <cusip>85205TAN0</cusip>
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        <name>American Homes 4 Rent Trust</name>
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        <name>Morgan Stanley</name>
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        <name>Nevada Power Co.</name>
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        <name>Ventas Realty LP</name>
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        <name>Republic of Costa Rica</name>
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        <name>AMSR Trust</name>
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        <name>Lumen Technologies, Inc.</name>
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        <name>Headlands Residential LLC</name>
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        <name>AMSR Trust</name>
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        <name>FNMA</name>
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        <name>UBS Group AG</name>
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        <name>HSBC Holdings plc</name>
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      <invstOrSec>
        <name>FMC GMSR Issuer Trust</name>
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        <name>FNMA</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FHLMC</name>
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        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Time Warner Cable LLC</name>
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        <name>P -stlb</name>
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        <name>Extra Space Storage LP</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Builders FirstSource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>Builders FirstSource, Inc.</title>
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        <name>RT Fin LLC</name>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Progress Residential</name>
        <lei>N/A</lei>
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        <name>Southern California Edison Co.</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
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        <name>AMSR Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140HAFF2</cusip>
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          <isin value="US3140HAFF28"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Range Resources Corp.</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>Range Resources Corp.</title>
        <cusip>75281ABK4</cusip>
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        <balance>826000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140JGEF8</cusip>
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      <invstOrSec>
        <name>Graphic Packaging International LLC</name>
        <lei>SO75N4VY5NXGQSK8YQ65</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cencora, Inc.</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3140FXVK5</cusip>
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        <name>Glencore Funding LLC</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, STRIPS, Series 383, Class 69</title>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2016-K55, Class B</title>
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          <isin value="US30289HAE18"/>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>DT Auto Owner Trust</name>
        <lei>N/A</lei>
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          <isin value="US26253AAD81"/>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>3617J76Z0</cusip>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2010-70, Class SA</title>
        <cusip>31398TJZ5</cusip>
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      <invstOrSec>
        <name>Medline Borrower LP</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>Medline Borrower LP</title>
        <cusip>62482BAA0</cusip>
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          <isin value="US62482BAA08"/>
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        <balance>7813000.00000000</balance>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2020-CBM, Class D</title>
        <cusip>20049AAG3</cusip>
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          <isin value="US20049AAG31"/>
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        <balance>8494017.00000000</balance>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
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        <balance>13735000.00000000</balance>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC UMBS, 30 Year</title>
        <cusip>3133KHGR1</cusip>
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          <isin value="US3133KHGR12"/>
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        <balance>7410152.69000000</balance>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GE Capital Mortgage Services, Inc. Trust</name>
        <lei>N/A</lei>
        <title>GE Capital Mortgage Services, Inc. Trust, Series 1999-HE1, Class A6</title>
        <cusip>36157RD77</cusip>
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          <isin value="US36157RD772"/>
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        <balance>91950.62630000</balance>
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        <valUSD>92302.87000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.69999960</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 19K-1510, Class C</title>
        <cusip>30265DAG3</cusip>
        <identifiers>
          <isin value="US30265DAG34"/>
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        <balance>51057434.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Gilead Sciences, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>Virginia Electric and Power Co.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>FHLMC Multi-Family Structured Credit Risk</name>
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        <name>Intelsat SA</name>
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        <name>FNMA</name>
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        <name>Vodafone Group plc</name>
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        <name>FHLMC</name>
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        <name>Camden</name>
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        <title>Camden</title>
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      <invstOrSec>
        <name>Albertsons Cos., Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>RTX Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wynn Las Vegas LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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      <invstOrSec>
        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kinder Morgan, Inc.</name>
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        <name>Credit Acceptance Auto Loan Trust</name>
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          <maturityDt>2034-10-16</maturityDt>
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        <name>Progress Residential Trust</name>
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          <maturityDt>2039-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Aetna, Inc.</name>
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        <title>Aetna, Inc.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>31371FTK8</cusip>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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        <name>Republic of Poland</name>
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        <invCountry>PL</invCountry>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>7-Eleven, Inc.</name>
        <lei>549300K23JPL0SS3LB18</lei>
        <title>7-Eleven, Inc.</title>
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        <name>MVW LLC</name>
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        <name>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>CNO Global Funding</name>
        <lei>6354008GTNR4833ULD48</lei>
        <title>CNO Global Funding</title>
        <cusip>18977W2D1</cusip>
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        <balance>6500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Central Garden &amp; Pet Co.</name>
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        <title>Central Garden &amp; Pet Co.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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      <invstOrSec>
        <name>DTE Electric Co.</name>
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        <title>DTE Electric Co.</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Air Canada Pass-Through Trust</name>
        <lei>N/A</lei>
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        <cusip>009090AA9</cusip>
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          <isin value="US009090AA91"/>
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        <balance>2416840.15520000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2018-M4, Class A2</title>
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          <isin value="US3136B1XJ86"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-25</maturityDt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II</title>
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          <isin value="US3617XXCU11"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2072-02-20</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Goodgreen Ltd.</name>
        <lei>N/A</lei>
        <title>Goodgreen Ltd., Series 2024-1A, Class A</title>
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          <isin value="US38217YAA29"/>
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        <curCd>USD</curCd>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2056-07-15</maturityDt>
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      <invstOrSec>
        <name>White Cap Buyer LLC</name>
        <lei>N/A</lei>
        <title>White Cap Buyer LLC, 1st Lien Term Loan B</title>
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          <isin value="US96350TAH32"/>
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        <balance>5709564.87050000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-19</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140FXXY3</cusip>
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          <isin value="US3140FXXY36"/>
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        <balance>27617386.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23436235.70000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2000-8, Class Z</title>
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        <balance>35410.58570000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>OL SP LLC</name>
        <lei>N/A</lei>
        <title>OL SP LLC, Series 2018, Class A</title>
        <cusip>67090UAB9</cusip>
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        <balance>574850.42270000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.16000000</annualizedRt>
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      <invstOrSec>
        <name>Banc of America Funding Trust</name>
        <lei>N/A</lei>
        <title>Banc of America Funding Trust, Series 2005-5, Class 3A5</title>
        <cusip>05946XF57</cusip>
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        <balance>586638.45480000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 4146, Class KI</title>
        <cusip>3137AXFX6</cusip>
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          <isin value="US3137AXFX62"/>
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        <balance>1999881.42060000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GSR Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>GSR Mortgage Loan Trust, Series 2003-7F, Class 1A4</title>
        <cusip>36228FTW6</cusip>
        <identifiers>
          <isin value="US36228FTW67"/>
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        <balance>31348.30740000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
        <cusip>60687YCZ0</cusip>
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          <isin value="US60687YCZ07"/>
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        <balance>3490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3626395.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.77800000</annualizedRt>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2018-K74, Class B</title>
        <cusip>30296LAG8</cusip>
        <identifiers>
          <isin value="US30296LAG86"/>
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        <balance>9707447.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.23023760</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Clear Channel Outdoor Holdings, Inc., 1st Lien Term Loan B</title>
        <cusip>18452RAF2</cusip>
        <identifiers>
          <isin value="US18452RAF29"/>
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        <balance>1096290.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1092178.95000000</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>2028-08-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.36122000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANZ New Zealand Int'l Ltd.</name>
        <lei>213800VD256NU2D97H12</lei>
        <title>ANZ New Zealand Int'l Ltd.</title>
        <cusip>00182EBM0</cusip>
        <identifiers>
          <isin value="US00182EBM03"/>
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        <balance>397000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360425.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-13</maturityDt>
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        <name>Cameron LNG LLC</name>
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        <name>GNMA</name>
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        <name>Alabama Power Co.</name>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <name>United Airlines Pass-Through Trust</name>
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        <name>Carnival Corp.</name>
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        <name>American Builders &amp; Contractors Supply Co., Inc.</name>
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        <name>FREMF 2020-K105 Mortgage Trust</name>
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        <name>McDonald's Corp.</name>
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        <name>WP Carey, Inc.</name>
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        <name>Elara HGV Timeshare Issuer LLC</name>
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        <name>FHLMC Pool</name>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>INEOS US Finance LLC</name>
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        <name>Citigroup, Inc.</name>
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        <name>BNP Paribas SA</name>
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        <name>FNMA</name>
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        <name>Guardian Life Insurance Co. of America (The)</name>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 20 Year</title>
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        <name>Bear Stearns ARM Trust</name>
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        <name>FNMA</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>Cleveland-Cliffs, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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        <name>GSR Mortgage Loan Trust</name>
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        <name>Union Electric Co.</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>Texas Health Resources</name>
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        <title>Texas Health Resources</title>
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        <name>Deutsche Bank AG</name>
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        <name>Element Solutions, Inc.</name>
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        <title>Element Solutions, Inc.</title>
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        <name>FHLMC</name>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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        <invCountry>GB</invCountry>
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        <name>Republic of Paraguay</name>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>Berkshire Hathaway Finance Corp.</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>Deutsche Bank AG</name>
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        <title>Deutsche Bank AG</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-07</maturityDt>
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      <invstOrSec>
        <name>Lendingpoint Asset Securitization Trust</name>
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        <cusip>52607HAC4</cusip>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>CommScope Technologies LLC</name>
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        <title>CommScope Technologies LLC</title>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>EQM Midstream Partners LP</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQM Midstream Partners LP</title>
        <cusip>26885BAC4</cusip>
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        <balance>6786000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>Altria Group, Inc.</title>
        <cusip>02209SBL6</cusip>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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        <name>United Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Trust, Series 2016-1, Class AA</title>
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          <couponKind>Fixed</couponKind>
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        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2005-22, Class 2A1</title>
        <cusip>126694LU0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
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        <name>LHOME Mortgage Trust</name>
        <lei>N/A</lei>
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        <cusip>50205NAA5</cusip>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury STRIPS Bonds</title>
        <cusip>912834MZ8</cusip>
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        <issuerCat>UST</issuerCat>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>3620AR5J6</cusip>
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          <isin value="US3620AR5J63"/>
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        <balance>99206.92000000</balance>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Charter Communications Operating LLC</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC</title>
        <cusip>161175BV5</cusip>
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        <balance>3107000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1971365.06000000</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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          <maturityDt>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <name>Paraguay Government International Bond</name>
        <lei>529900UXKJTJPCU0HK83</lei>
        <title>Republic of Paraguay</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP75744AG08"/>
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        <balance>14281000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13080824.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Williams Cos., Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NuStar Logistics LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PG&amp;E Corp.</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Seagate HDD Cayman</name>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLS Auto Receivables Issuer Trust</name>
        <lei>N/A</lei>
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        <cusip>36267PAL0</cusip>
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        <name>NBN Co. Ltd.</name>
        <lei>2549007CRZ2NT7S96A24</lei>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kinetik Holdings LP</name>
        <lei>549300RD6AJIMYC0HY12</lei>
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        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
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        <name>Gray Oak Pipeline LLC</name>
        <lei>N/A</lei>
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          <maturityDt>2025-10-15</maturityDt>
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          <annualizedRt>2.60000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140HLJG2</cusip>
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        <balance>1171747.89000000</balance>
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        <name>Airbus SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>Airbus SE</title>
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        <invCountry>NL</invCountry>

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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2018-KBX1, Class C</title>
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        <name>Puget Sound Energy, Inc.</name>
        <lei>8MNFJR7KOMBQ7X62LK44</lei>
        <title>Puget Sound Energy, Inc.</title>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2018-KW07, Class X2A</title>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2018-KSL1, Class C</title>
        <cusip>30295VAN2</cusip>
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        <name>UBS Group AG</name>
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        <name>Impac CMB Trust</name>
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        <name>Tyson Foods, Inc.</name>
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        <name>Lamb Weston Holdings, Inc.</name>
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        <name>NOVA Chemicals Corp.</name>
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        <name>United States of America</name>
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        <name>UOG ABS Issuer I LLC</name>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>Southern California Edison Co.</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>Altice France SA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>Northern Trust Corp.</name>
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        <name>Citigroup, Inc.</name>
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        <name>Delta Air Lines Pass-Through Trust</name>
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        <name>FHLMC</name>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>Charter Communications Operating LLC</name>
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        <name>Ameren Illinois Co.</name>
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        <name>Nomura Holdings, Inc.</name>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>United States of America</name>
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        <name>NACC Reperforming Loan REMIC Trust</name>
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        <name>FHLMC</name>
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        <name>Claire's Stores, Inc.</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>Siemens Financieringsmaatschappij NV</name>
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        <name>Danske Bank A/S</name>
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        <name>Republic of Poland</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>Republic of Poland</title>
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        <name>Finance Department Government of Sharjah</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Federal Republic of Nigeria</name>
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        <name>Comcast Corp.</name>
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        <name>Interchile SA</name>
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        <name>FREMF 2020-K105 Mortgage Trust</name>
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        <name>Banc of America Alternative Loan Trust</name>
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        <name>Mid-State Capital Corp. Trust</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Range Resources Corp.</name>
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        <name>Haleon US Capital LLC</name>
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        <name>MGM Resorts International</name>
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        <name>Intelsat Jackson Holdings SA</name>
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        <name>JBS USA Holding Lux SARL</name>
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        <name>Republic of South Africa</name>
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        <invCountry>ZA</invCountry>
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        <name>GSR Mortgage Loan Trust</name>
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        <name>Nuveen LLC</name>
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      <invstOrSec>
        <name>Moran Foods LLC</name>
        <lei>N/A</lei>
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        <name>GNMA</name>
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        <name>NatWest Markets plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
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        <name>British Airways Pass-Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 30 Year</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Terex Corp.</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BB-UBS Trust</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3138EJJD1</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, Other</title>
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          <couponKind>Fixed</couponKind>
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        <name>BX</name>
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        <name>BXG Receivables Note Trust</name>
        <lei>549300MVRSYZ837KPY83</lei>
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        <cusip>05607UAC3</cusip>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Vale Overseas Ltd.</name>
        <lei>254900BA3U6G5DNV5V04</lei>
        <title>Vale Overseas Ltd.</title>
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        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>3617K1X65</cusip>
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        <balance>8990003.92000000</balance>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Soundview Home Loan Trust</name>
        <lei>N/A</lei>
        <title>Soundview Home Loan Trust, Series 2007-OPT1, Class 2A1</title>
        <cusip>83612TAB8</cusip>
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        <balance>690775.52650000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Entergy Mississippi LLC</name>
        <lei>54930043I78H35DVVW89</lei>
        <title>Entergy Mississippi LLC</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Trust, Series 2016-2, Class A</title>
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          <isin value="US90932DAA37"/>
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        <balance>3982651.88170000</balance>
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        <curCd>USD</curCd>
        <valUSD>3610430.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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      <invstOrSec>
        <name>Sprint Capital Corp.</name>
        <lei>549300L17W0GQBR1PO80</lei>
        <title>Sprint Capital Corp.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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          <isin value="US36202CUW18"/>
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        <curCd>USD</curCd>
        <valUSD>157.61000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3136ASMM5</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group, Inc.</title>
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        <balance>1898000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-03-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.37071080</annualizedRt>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, STRIPS, Series 262, Class 35</title>
        <cusip>3128HXKY0</cusip>
        <identifiers>
          <isin value="US3128HXKY01"/>
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        <balance>1506797.68970000</balance>
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        <curCd>USD</curCd>
        <valUSD>1430328.10000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
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          <isin value="US251526CV96"/>
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        <balance>4665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4742541.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-08</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.70600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2020-M50, Class X1</title>
        <cusip>3136BCGU8</cusip>
        <identifiers>
          <isin value="US3136BCGU85"/>
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        <curCd>USD</curCd>
        <valUSD>4138999.59000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.92517200</annualizedRt>
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      <invstOrSec>
        <name>Consumers Energy Co.</name>
        <lei>7NKTFWJ1G6MELP9TU740</lei>
        <title>Consumers Energy Co.</title>
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          <isin value="US210518CX25"/>
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        <balance>477000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>385684.74000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp.</title>
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          <isin value="US29261AAE01"/>
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        <balance>1366000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>CFIN Issuer LLC</name>
        <lei>N/A</lei>
        <title>CFIN Issuer LLC, Series 2022-RTL1, Class AB</title>
        <cusip>12531CAB2</cusip>
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          <isin value="US12531CAB28"/>
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        <balance>5826940.84000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YFF7</cusip>
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          <isin value="US61747YFF79"/>
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        <balance>6097000.00000000</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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          <couponKind>Variable</couponKind>
          <annualizedRt>5.44900000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series KJ26, Class A2</title>
        <cusip>3137FPJ55</cusip>
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          <isin value="US3137FPJ554"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60600000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2015-M7, Class A2</title>
        <cusip>3136ANLF2</cusip>
        <identifiers>
          <isin value="US3136ANLF28"/>
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        <balance>6520912.60520000</balance>
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        <curCd>USD</curCd>
        <valUSD>6463370.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.59000000</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>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
        <cusip>911365BN3</cusip>
        <identifiers>
          <isin value="US911365BN33"/>
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        <balance>5825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5446615.57000000</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>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
        <cusip>458140CJ7</cusip>
        <identifiers>
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        <name>AAdvantage Loyalty IP Ltd.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>FHLMC</name>
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        <name>DT Midstream, Inc.</name>
        <lei>N/A</lei>
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        <name>Kingdom of Morocco</name>
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        <name>Valaris Ltd.</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>Iron Mountain, Inc.</name>
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        <name>MASTR Alternative Loan Trust</name>
        <lei>N/A</lei>
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          <maturityDt>2020-01-25</maturityDt>
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      <invstOrSec>
        <name>FREMF 2018-K1507 Mortgage Trust</name>
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        <debtSec>
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        <name>Lehman Brothers Holdings, Inc.</name>
        <lei>549300FDK6ZP3YIHRJ47</lei>
        <title>Lehman Brothers Holdings, Inc., Escrow</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Lendingpoint SPE Trust</name>
        <lei>N/A</lei>
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        <cusip>52607AAA3</cusip>
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        <name>Mileage Plus Holdings LLC</name>
        <lei>N/A</lei>
        <title>Mileage Plus Holdings LLC</title>
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      <invstOrSec>
        <name>Owens-Brockway Glass Container, Inc.</name>
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        <title>Owens-Brockway Glass Container, Inc.</title>
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        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2023-M8, Class A2</title>
        <cusip>3136BQSN0</cusip>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>Asbury Automotive Group, Inc.</title>
        <cusip>043436AU8</cusip>
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        <name>Oman Government International Bond</name>
        <lei>549300SZ20F0QTKNQC75</lei>
        <title>Sultanate of Oman Government Bond</title>
        <cusip>68205LAT0</cusip>
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        <balance>12400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>OM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA, Grantor Trust</name>
        <lei>N/A</lei>
        <title>FNMA, Grantor Trust, Series 2017-T1, Class A</title>
        <cusip>3136AV6R5</cusip>
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          <isin value="US3136AV6R53"/>
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        <balance>95725203.94560000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC Pool</name>
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        <name>Southern Co. Gas Capital Corp.</name>
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        <name>Entergy Louisiana LLC</name>
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        <name>BAT Capital Corp.</name>
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        <name>Gray Oak Pipeline LLC</name>
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        <name>Berkshire Hathaway Finance Corp.</name>
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        <name>Iron Mountain, Inc.</name>
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        <name>SACO I, Inc.</name>
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        <name>FNMA</name>
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        <name>Fidelity National Information Services, Inc.</name>
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        <name>GNMA</name>
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        <name>Arrow Electronics, Inc.</name>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
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        <name>Sirius XM Radio, Inc.</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>GNMA</name>
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        <name>Acadia Healthcare Co., Inc.</name>
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        <name>GLS Auto Receivables Issuer Trust</name>
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        <name>Coherent Corp.</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>Danske Bank A/S</name>
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        <name>Home Partners of America Trust</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3136AS4R4</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.49935000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140H7NV5</cusip>
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        <balance>2505050.45000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2392009.62000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NNN REIT, Inc.</name>
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        <balance>1200000.00000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Dun &amp; Bradstreet Corp.</name>
        <lei>RI37BMPWE56BCJ747E14</lei>
        <title>Dun &amp; Bradstreet Corp., 1st Lien Term Loan B-2</title>
        <cusip>26483NAV2</cusip>
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        <balance>7501200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7509376.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.02601000</annualizedRt>
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      <invstOrSec>
        <name>Air Canada Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>Air Canada Pass-Through Trust, Series 2017-1, Class A</title>
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          <isin value="US00908PAB31"/>
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        <balance>808497.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>749689.82000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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      <invstOrSec>
        <name>Harvest SBA Loan Trust</name>
        <lei>N/A</lei>
        <title>Harvest SBA Loan Trust, Series 2021-1, Class A</title>
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          <isin value="US41756HAA05"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BMD2 Re-Remic Trust</name>
        <lei>N/A</lei>
        <title>BMD2 Re-Remic Trust, Series 2019-FRR1, Class 1A1</title>
        <cusip>055631AA3</cusip>
        <identifiers>
          <isin value="US055631AA33"/>
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        <balance>2171255.64910000</balance>
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        <curCd>USD</curCd>
        <valUSD>2170763.64000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.96331880</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Nissan Auto Lease Trust</name>
        <lei>N/A</lei>
        <title>Nissan Auto Lease Trust, Series 2023-B, Class A4</title>
        <cusip>65473FAE7</cusip>
        <identifiers>
          <isin value="US65473FAE79"/>
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        <balance>8975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9052934.41000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Home Partners of America Trust</name>
        <lei>N/A</lei>
        <title>Home Partners of America Trust, Series 2019-2, Class E</title>
        <cusip>43732TAJ0</cusip>
        <identifiers>
          <isin value="US43732TAJ07"/>
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        <balance>8957252.91700000</balance>
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        <curCd>USD</curCd>
        <valUSD>8453780.06000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.32000000</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, Series 2024-4, Class C</title>
        <cusip>802919AE0</cusip>
        <identifiers>
          <isin value="US802919AE03"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7508523.75000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
        <cusip>87470LAJ0</cusip>
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          <isin value="US87470LAJ08"/>
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        <balance>1593000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1519170.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC UMBS, 30 Year</title>
        <cusip>3133AUP44</cusip>
        <identifiers>
          <isin value="US3133AUP445"/>
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        <balance>18819909.31000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16268180.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BHP Billiton Finance USA Ltd.</name>
        <lei>5493003NUVITP3TMY274</lei>
        <title>BHP Billiton Finance USA Ltd.</title>
        <cusip>055451BA5</cusip>
        <identifiers>
          <isin value="US055451BA54"/>
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        <balance>1942000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1967080.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
        <cusip>816851BS7</cusip>
        <identifiers>
          <isin value="US816851BS71"/>
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        <balance>12750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12878367.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140Q83U7</cusip>
        <identifiers>
          <isin value="US3140Q83U76"/>
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        <balance>2576791.74000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2543290.30000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enbridge, Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge, Inc.</title>
        <cusip>29250NBT1</cusip>
        <identifiers>
          <isin value="US29250NBT19"/>
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        <balance>9057000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9926562.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2019-BN19, Class A3</title>
        <cusip>06540WBD4</cusip>
        <identifiers>
          <isin value="US06540WBD48"/>
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        <balance>9707447.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8802312.02000000</valUSD>
        <pctVal>0.041199630357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.18300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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        <name>Nutrien Ltd.</name>
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        <name>GNMA</name>
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        <name>Brooklyn Union Gas Co. (The)</name>
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        <name>Graphic Packaging International LLC</name>
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        <name>FNMA</name>
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        <name>Independence Plaza Trust</name>
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          <maturityDt>2035-07-10</maturityDt>
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        <name>San Diego Gas &amp; Electric Co.</name>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>BPCE SA</name>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>Permian Resources Operating LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
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        <name>MASTR Alternative Loan Trust</name>
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      <invstOrSec>
        <name>FNMA/FHLMC</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>UBS Group AG</name>
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        <name>FNMA</name>
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        <name>Credit Suisse Commercial Mortgage Trust</name>
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        <name>FHLMC Pool</name>
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        <name>FNMA</name>
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        <name>Tallgrass Energy Partners LP</name>
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        <name>Zoetis, Inc.</name>
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        <name>Eni USA, Inc.</name>
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        <name>Southern California Edison Co.</name>
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        <name>CarNow Auto Receivables Trust</name>
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        <name>Hertz Corp. (The)</name>
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        <name>MetLife, Inc.</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>N/A</name>
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        <name>Chemours Co. (The)</name>
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        <name>ITC Holdings Corp.</name>
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        <name>AIB Group plc</name>
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        <name>TriMas Corp.</name>
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        <name>Children's Hospital</name>
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        <name>Ameren Corp.</name>
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        <name>FirstEnergy Transmission LLC</name>
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        <name>FREMF 2019-KW10 Mortgage Trust</name>
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        <name>HGI CRE CLO Ltd.</name>
        <lei>N/A</lei>
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        <name>RingCentral, Inc.</name>
        <lei>549300C8EH0H1614VE84</lei>
        <title>RingCentral, Inc.</title>
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        <name>Societe Generale SA</name>
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        <name>Univision Communications, Inc.</name>
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        <name>Mariner Finance Issuance Trust</name>
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        <name>FNMA</name>
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        <name>Bath &amp; Body Works, Inc.</name>
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        <name>CSL Finance plc</name>
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        <name>CHL Mortgage Pass-Through Trust</name>
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        <name>Ardagh Packaging Finance plc</name>
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        <name>FHLMC</name>
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        <name>Bear Stearns Mortgage Securities, Inc.</name>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
        <lei>549300ZLMVP4X0OGR454</lei>
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        <name>Central Garden &amp; Pet Co.</name>
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        <name>Emerson Climate Technologies, Inc.</name>
        <lei>98450099EE3A0ZD5F786</lei>
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        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2017-H11, Class XI</title>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <name>Vital Energy, Inc.</name>
        <lei>549300X0PTWU2QSLSL14</lei>
        <title>Vital Energy, Inc.</title>
        <cusip>516806AJ5</cusip>
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        <invCountry>US</invCountry>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Consumers Energy Co.</name>
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        <title>Consumers Energy Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Avient Corp.</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>Avient Corp.</title>
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        <balance>4223000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
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          <isin value="US629377CQ33"/>
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        <balance>4251000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>3.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2018-M14, Class A2</title>
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          <isin value="US3136B27L04"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70066680</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140LK5V1</cusip>
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          <isin value="US3140LK5V19"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>3617YCV68</cusip>
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          <isin value="US3617YCV682"/>
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        <balance>8772138.04000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
        <lei>5493000FQO8XF9C0RT95</lei>
        <title>Pfizer Investment Enterprises Pte. Ltd.</title>
        <cusip>716973AE2</cusip>
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        <balance>5034000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
        <title>Credit Acceptance Auto Loan Trust</title>
        <cusip>22530BAB4</cusip>
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        <balance>38893000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3138LCYD1</cusip>
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        <balance>7682615.45000000</balance>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <balance>18389572.55000000</balance>
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          <maturityDt>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>United Airlines Pass-Through Trust</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>DLLAA LLC</name>
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        <name>Avantor Funding, Inc.</name>
        <lei>5493003VM0XB4U8YD238</lei>
        <title>Avantor Funding, Inc.</title>
        <cusip>05352TAA7</cusip>
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        <balance>3528000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Sierra Timeshare Receivables Funding LLC</name>
        <lei>N/A</lei>
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        <cusip>82652TAD7</cusip>
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        <balance>5318942.71280000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61772BAC7</cusip>
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        <balance>5340000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.21700000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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        <balance>89261.65000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FirstKey Homes Trust</name>
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      <invstOrSec>
        <name>Moran Foods LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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          <isin value="US3617WUJH07"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US6174467X10"/>
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        <balance>821000.00000000</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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          <maturityDt>2025-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UBS-BAMLL Trust</name>
        <lei>N/A</lei>
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        <balance>69433.10000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Arab Republic of Egypt</title>
        <cusip>N/A</cusip>
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        <balance>5800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4485937.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140XDGG5</cusip>
        <identifiers>
          <isin value="US3140XDGG56"/>
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        <balance>11817884.82000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
        <cusip>694308JM0</cusip>
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          <isin value="US694308JM04"/>
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        <balance>12496000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Lloyds Banking Group plc</name>
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        <title>Lloyds Banking Group plc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <invCountry>US</invCountry>
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        <name>Public Service Electric and Gas Co.</name>
        <lei>549300RUHPVD434XUK18</lei>
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        <invCountry>US</invCountry>
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        <name>UniCredit SpA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit SpA</title>
        <cusip>904678AQ2</cusip>
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          <isin value="US904678AQ20"/>
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        <curCd>USD</curCd>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2016-33, Class JA</title>
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          <isin value="US3136AR6G88"/>
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        <balance>6882598.87000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6485582.35000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Columbia Pipelines Operating Co. LLC</name>
        <lei>N/A</lei>
        <title>Columbia Pipelines Operating Co. LLC</title>
        <cusip>19828TAB2</cusip>
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        <balance>4775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5041566.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.03600000</annualizedRt>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>Energean Israel Finance Ltd.</name>
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      <invstOrSec>
        <name>New Century Home Equity Loan Trust</name>
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        <name>ACRE Commercial Mortgage Ltd.</name>
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        <name>GNMA</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>Standard Chartered plc</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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        <name>Tenet Healthcare Corp.</name>
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        <name>ConocoPhillips Co.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>WaMu Mortgage Pass-Through Certificates Trust</name>
        <lei>N/A</lei>
        <title>WaMu Mortgage Pass-Through Certificates Trust, Series 2003-AR8, Class A</title>
        <cusip>92922FAS7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NuStar Logistics LP</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NuStar Logistics LP</title>
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        <balance>2011000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ams-OSRAM AG</name>
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        <title>ams-OSRAM AG</title>
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        <balance>1900000.00000000</balance>
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        <invCountry>AT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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        <cusip>10805MAF4</cusip>
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        <balance>6000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
        <title>Credit Acceptance Auto Loan Trust, Series 2023-2A, Class C</title>
        <cusip>22537EAE5</cusip>
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          <isin value="US22537EAE59"/>
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        <balance>21842000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22592860.25000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-15</maturityDt>
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          <annualizedRt>7.15000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, Other</title>
        <cusip>3132QDFM8</cusip>
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          <isin value="US3132QDFM82"/>
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        <balance>576906.70000000</balance>
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        <curCd>USD</curCd>
        <valUSD>543037.17000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Power Fuel Securitization LLC</name>
        <lei>254900BELJ95ONW6U791</lei>
        <title>Virginia Power Fuel Securitization LLC, Series A-2</title>
        <cusip>92808VAB8</cusip>
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          <isin value="US92808VAB80"/>
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        <balance>1085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1112300.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87700000</annualizedRt>
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      <invstOrSec>
        <name>FirstKey Homes Trust</name>
        <lei>N/A</lei>
        <title>FirstKey Homes Trust, Series 2020-SFR1, Class F1</title>
        <cusip>33767MAL9</cusip>
        <identifiers>
          <isin value="US33767MAL90"/>
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        <balance>3699000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3603806.24000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-17</maturityDt>
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          <annualizedRt>3.63800000</annualizedRt>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>Foundry JV Holdco LLC</title>
        <cusip>350930AC7</cusip>
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        <balance>5304000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5461301.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>3617KJAS3</cusip>
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          <isin value="US3617KJAS36"/>
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        <balance>5236546.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5309185.58000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>Southern California Edison Co., Series 08-A</title>
        <cusip>842400FH1</cusip>
        <identifiers>
          <isin value="US842400FH15"/>
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        <balance>277000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>295405.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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        <name>MVW Owner Trust</name>
        <lei>N/A</lei>
        <title>MVW Owner Trust, Series 2019-1A, Class B</title>
        <cusip>55389PAB5</cusip>
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          <isin value="US55389PAB58"/>
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        <balance>2367436.40420000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
        <title>Credit Acceptance Auto Loan Trust, Series 2023-5A, Class B</title>
        <cusip>22535PAB8</cusip>
        <identifiers>
          <isin value="US22535PAB85"/>
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        <balance>17250000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-02-15</maturityDt>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA</title>
        <cusip>29286DAB1</cusip>
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        <balance>4285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4442934.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-10</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>Republic Services, Inc.</title>
        <cusip>760759BA7</cusip>
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          <isin value="US760759BA74"/>
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        <balance>117000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97998.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>Credit Agricole SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA</title>
        <cusip>22535WAK3</cusip>
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          <isin value="US22535WAK36"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4078575.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-10</maturityDt>
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          <annualizedRt>5.33500000</annualizedRt>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC</title>
        <cusip>00774MBK0</cusip>
        <identifiers>
          <isin value="US00774MBK09"/>
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        <balance>2238000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2308793.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Raizen Fuels Finance SA</name>
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        <name>Grifols SA</name>
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        <name>FNMA</name>
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        <name>Sigeco Securitization I LLC</name>
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        <name>GNMA</name>
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        <name>Renew</name>
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        <name>Morgan Stanley</name>
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        <name>United States of America</name>
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        <name>Prudential Insurance Co. of America (The)</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>BXG Receivables Note Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Markets plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140XJZX4</cusip>
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          <isin value="US3140XJZX49"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Moran Foods LLC</name>
        <lei>N/A</lei>
        <title>Moran Foods LLC, 1st Lien Super Senior Delayed Term Loan</title>
        <cusip>N/A</cusip>
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          <isin value="US61647DAL64"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
        <title>Berkshire Hathaway Energy Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni SpA</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
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        <name>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc.</title>
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        <name>KGS-Alpha SBA COOF Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140QDKQ6</cusip>
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          <isin value="US3140QDKQ65"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Cascade Funding Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cascade Funding Mortgage Trust, Series 2021-FRR1, Class BK98</title>
        <cusip>12529YBY7</cusip>
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          <isin value="US12529YBY77"/>
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          <maturityDt>2029-08-29</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Duke Energy Indiana LLC</name>
        <lei>6URPHM2EAWGJ2C6ISB97</lei>
        <title>Duke Energy Indiana LLC</title>
        <cusip>26443TAC0</cusip>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>Health and Educational Facilities Authority of the State of Missouri, The Washington University, Series 2020A</title>
        <cusip>60636AVL4</cusip>
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          <isin value="US60636AVL42"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.22900000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KBR, Inc.</name>
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        <lei>LTKX5ODQW6Z7BQ2K1V47</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Centex Home Equity Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
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        <name>Great-West Lifeco Finance 2018 LP</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Paraguay Government International Bond</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-28</maturityDt>
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        <name>Ritchie Bros Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <name>Comcast Corp.</name>
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        <name>Gray Television, Inc.</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>GNMA</name>
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        <name>MASTR Resecuritization Trust</name>
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        <name>Entergy Mississippi LLC</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>FHLMC</name>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC UMBS, 30 Year</title>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Canpack SA</name>
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        <name>Verizon Communications, Inc.</name>
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        <title>Verizon Communications, Inc.</title>
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        <name>GFL Environmental, Inc.</name>
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        <name>Arbor Realty Trust, Inc.</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <name>Post Holdings, Inc.</name>
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        <name>Scentre Group Trust 2</name>
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        <title>Scentre Group Trust 2</title>
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        <invCountry>AU</invCountry>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>San Diego Gas &amp; Electric Co.</name>
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        <name>Cottage Health Obligated Group</name>
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        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
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        <name>FHLMC</name>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA Trust, Whole Loan, Series 2003-W3, Class 2A5</title>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <name>Charter Communications Operating LLC</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aon Corp.</name>
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        <title>Aon Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Entergy Louisiana LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-03-15</maturityDt>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <balance>3590000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-24</maturityDt>
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      <invstOrSec>
        <name>Level 3 Financing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US224927AE34"/>
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        <balance>33457000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Public Service Electric and Gas Co.</name>
        <lei>549300RUHPVD434XUK18</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>Multi-Family Connecticut Avenue Securities Trust</name>
        <lei>254900JAK6X5OPMD5925</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCF Equipment Leasing LLC</name>
        <lei>N/A</lei>
        <title>SCF Equipment Leasing LLC, Series 2022-1A, Class E</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd.</title>
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          <isin value="US05401AAS06"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CWABS, Inc., Asset-Backed Certificates</name>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-25</maturityDt>
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      <invstOrSec>
        <name>HINNT LLC</name>
        <lei>N/A</lei>
        <title>HINNT LLC, Series 2022-A, Class D</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA I, 30 Year</title>
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        <balance>315.86000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Entergy Mississippi LLC</name>
        <lei>54930043I78H35DVVW89</lei>
        <title>Entergy Mississippi LLC</title>
        <cusip>29366WAA4</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc., Series 8NC7</title>
        <cusip>606822CT9</cusip>
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        <curCd>USD</curCd>
        <valUSD>2147165.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.47500000</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>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP</title>
        <cusip>86765KAB5</cusip>
        <identifiers>
          <isin value="US86765KAB52"/>
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        <balance>1222000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1272941.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
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      <invstOrSec>
        <name>Outfront Media, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>WW Grainger, Inc.</name>
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      <invstOrSec>
        <name>FHLMC</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>Petroleos Mexicanos</name>
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        <title>Petroleos Mexicanos</title>
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        <name>Icahn Enterprises LP</name>
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        <name>Bank of America Corp.</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <couponKind>Fixed</couponKind>
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        <name>Puget Sound Energy, Inc.</name>
        <lei>8MNFJR7KOMBQ7X62LK44</lei>
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        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
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      <invstOrSec>
        <name>CGI, Inc.</name>
        <lei>549300WSRCZY73ZG3090</lei>
        <title>CGI, Inc.</title>
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        <invCountry>CA</invCountry>
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        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
        <title>Aviation Capital Group LLC</title>
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        <name>Business Jet Securities LLC</name>
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        <title>Business Jet Securities LLC, Series 2022-1A, Class C</title>
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      <invstOrSec>
        <name>Nationstar Mortgage Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Nationstar Mortgage Holdings, Inc.</title>
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        <name>FREMF 2017-K69 Mortgage Trust</name>
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      <invstOrSec>
        <name>Raisa Funding I LLC</name>
        <lei>549300MYI60JNGZB7107</lei>
        <title>Raisa Funding I LLC</title>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
        <lei>N/A</lei>
        <title>Exeter Automobile Receivables Trust, Series 2023-3A, Class E</title>
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        <valUSD>11373870.90000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Adient US LLC</name>
        <lei>N/A</lei>
        <title>Adient US LLC, 1st Lien Term Loan B-2</title>
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        <identifiers>
          <isin value="US00687MAH43"/>
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        <balance>6461555.62500000</balance>
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        <curCd>USD</curCd>
        <valUSD>6474672.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>7.99674000</annualizedRt>
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      <invstOrSec>
        <name>AMSR Trust</name>
        <lei>N/A</lei>
        <title>AMSR Trust, Series 2020-SFR2, Class H</title>
        <cusip>00178UAJ8</cusip>
        <identifiers>
          <isin value="US00178UAJ88"/>
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        <balance>19169296.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18686837.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 30 Year</title>
        <cusip>31297FAA1</cusip>
        <identifiers>
          <isin value="US31297FAA12"/>
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        <balance>23988.76000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24721.75000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
        <cusip>46115HCD7</cusip>
        <identifiers>
          <isin value="US46115HCD70"/>
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        <balance>11840000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13239230.84000000</valUSD>
        <pctVal>0.061966835029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc.</title>
        <cusip>98978VAS2</cusip>
        <identifiers>
          <isin value="US98978VAS25"/>
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        <balance>1942000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1694882.42000000</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>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SS&amp;C Technologies, Inc.</name>
        <lei>549300KY09TR3J12JU49</lei>
        <title>SS&amp;C Technologies, Inc.</title>
        <cusip>78466CAC0</cusip>
        <identifiers>
          <isin value="US78466CAC01"/>
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        <balance>3049000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3045851.30000000</valUSD>
        <pctVal>0.014256248517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
        <cusip>404280EG0</cusip>
        <identifiers>
          <isin value="US404280EG03"/>
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        <balance>9495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9854837.43000000</valUSD>
        <pctVal>0.046126024438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.73300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 2325, Class JO</title>
        <cusip>3133TUBN7</cusip>
        <identifiers>
          <isin value="US3133TUBN72"/>
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        <balance>23095.41890000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20673.49000000</valUSD>
        <pctVal>0.000096763230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Trust, Series 2014-1, Class A</title>
        <cusip>90932PAA6</cusip>
        <identifiers>
          <isin value="US90932PAA66"/>
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        <balance>1847464.85430000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1796063.39000000</valUSD>
        <pctVal>0.008406558140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Virginia Electric and Power Co.</name>
        <lei>CQKUMNNZVDJLRYV2PT43</lei>
        <title>Virginia Electric and Power Co.</title>
        <cusip>927804FG4</cusip>
        <identifiers>
          <isin value="US927804FG41"/>
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        <balance>651000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>889549.19000000</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>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>31371GMS6</cusip>
        <identifiers>
          <isin value="US31371GMS65"/>
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        <balance>290.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300.99000000</valUSD>
        <pctVal>0.000001408797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AdaptHealth LLC</name>
        <lei>N/A</lei>
        <title>AdaptHealth LLC</title>
        <cusip>00653VAC5</cusip>
        <identifiers>
          <isin value="US00653VAC54"/>
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        <balance>4267000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3893704.49000000</valUSD>
        <pctVal>0.018224664763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
        <cusip>404280DZ9</cusip>
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          <isin value="US404280DZ92"/>
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        <balance>16045000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16381361.92000000</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>2027-08-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.88700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pactiv Evergreen Group Issuer, Inc.</name>
        <lei>N/A</lei>
        <title>Pactiv Evergreen Group Issuer, Inc.</title>
        <cusip>76174LAA1</cusip>
        <identifiers>
          <isin value="US76174LAA17"/>
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        <balance>5047000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4818431.97000000</valUSD>
        <pctVal>0.022552894695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goodgreen Trust</name>
        <lei>N/A</lei>
        <title>Goodgreen Trust, Series 2016-1A, Class B</title>
        <cusip>38217KAB0</cusip>
        <identifiers>
          <isin value="US38217KAB08"/>
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        <balance>500025.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473604.29000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.24000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lendingpoint Asset Securitization Trust</name>
        <lei>N/A</lei>
        <title>Lendingpoint Asset Securitization Trust, Series 2022-B, Class C</title>
        <cusip>52606WAC2</cusip>
        <identifiers>
          <isin value="US52606WAC29"/>
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        <balance>9627000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3362523.37000000</valUSD>
        <pctVal>0.015738446853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
        <cusip>378272BE7</cusip>
        <identifiers>
          <isin value="US378272BE79"/>
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        <balance>8941000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7827422.41000000</valUSD>
        <pctVal>0.036636614245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Constellation Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sabra Health Care LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Herc Holdings, Inc.</name>
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        <name>Southwestern Electric Power Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>Morgan Stanley</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-22</maturityDt>
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        <name>HCA, Inc.</name>
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        <name>Gap, Inc. (The)</name>
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        <name>FNMA</name>
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        <name>American Homes 4 Rent Trust</name>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>FHLMC</name>
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        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <name>Clarios Global LP</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <name>Take-Two Interactive Software, Inc.</name>
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        <name>MASTR Alternative Loan Trust</name>
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        <name>FHLMC</name>
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        <name>California Resources Corp.</name>
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        <name>Macquarie Group Ltd.</name>
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        <name>ADT Security Corp. (The)</name>
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        <name>FNMA</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <name>Axalta Coating Systems LLC</name>
        <lei>N/A</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gabonese Republic</name>
        <lei>N/A</lei>
        <title>Gabonese Republic</title>
        <cusip>N/A</cusip>
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        <invCountry>GA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-16</maturityDt>
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      <invstOrSec>
        <name>Scripps Escrow, Inc.</name>
        <lei>N/A</lei>
        <title>Scripps Escrow, Inc.</title>
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          <isin value="US81104PAA75"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEGNA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Electric and Power Co.</name>
        <lei>CQKUMNNZVDJLRYV2PT43</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mid-State Capital Corp. Trust</name>
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          <isin value="US595481AA05"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Williams Scotsman, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sierra Timeshare Receivables Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
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        <name>PPL Electric Utilities Corp.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <name>Medline Borrower LP</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>Memorial Sloan-Kettering Cancer Center</name>
        <lei>549300IZ71UAMEHWL382</lei>
        <title>Memorial Sloan-Kettering Cancer Center</title>
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        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
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        <name>Medline Borrower LP</name>
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      <invstOrSec>
        <name>First Student Bidco, Inc.</name>
        <lei>2549006DRO2F06AA1391</lei>
        <title>First Student Bidco, Inc., 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
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          <isin value="US90933JAA97"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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          <isin value="US3138M4N819"/>
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        <balance>1205828.45000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1173772.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>QUALCOMM, Inc.</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>QUALCOMM, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>271279.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust</name>
        <lei>N/A</lei>
        <title>Westlake Automobile Receivables Trust, Series 2023-3A, Class D</title>
        <cusip>96041CAN2</cusip>
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          <isin value="US96041CAN20"/>
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        <balance>18976000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19470174.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.47000000</annualizedRt>
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        <name>Republic of Angola</name>
        <lei>549300QHR2R3J8JSGK83</lei>
        <title>Republic of Angola</title>
        <cusip>035198AF7</cusip>
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          <isin value="US035198AF76"/>
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        <balance>4086000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3710619.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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          <isin value="US06051GLU12"/>
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        <balance>18410000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.87200000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, Other</title>
        <cusip>3132G7CK9</cusip>
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          <isin value="US3132G7CK98"/>
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        <balance>742365.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>724429.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>First Horizon Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>First Horizon Mortgage Pass-Through Trust, Series 2004-AR6, Class 2A1</title>
        <cusip>32051GBD6</cusip>
        <identifiers>
          <isin value="US32051GBD60"/>
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        <balance>42925.19060000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40931.57000000</valUSD>
        <pctVal>0.000191582115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.72031280</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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        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group, Inc. (The)</title>
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        <identifiers>
          <isin value="US693475AZ80"/>
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        <balance>1918000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1742955.11000000</valUSD>
        <pctVal>0.008157982368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</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>Allison Transmission, Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission, Inc.</title>
        <cusip>019736AE7</cusip>
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          <isin value="US019736AE70"/>
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        <balance>243000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>237881.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
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          <isin value="US458140BK55"/>
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        <balance>680000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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      <invstOrSec>
        <name>Delta Air Lines Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>Delta Air Lines Pass-Through Trust, Series 2020-1, Class AA</title>
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          <isin value="US247361ZV38"/>
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        <assetCat>ABS-O</assetCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>31402CVW9</cusip>
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          <isin value="US31402CVW99"/>
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        <balance>405727.63000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>3622AB5X6</cusip>
        <identifiers>
          <isin value="US3622AB5X65"/>
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        <balance>10538321.35000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9301481.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ADT Security Corp. (The)</name>
        <lei>5493009JEEDYLVRA0J13</lei>
        <title>ADT Security Corp. (The)</title>
        <cusip>74166NAA2</cusip>
        <identifiers>
          <isin value="US74166NAA28"/>
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        <balance>5107000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4854658.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 3117, Class EO</title>
        <cusip>31396HUN7</cusip>
        <identifiers>
          <isin value="US31396HUN78"/>
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        <balance>49141.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42981.50000000</valUSD>
        <pctVal>0.000201176907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</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>
        <name>US Auto Funding Trust</name>
        <lei>N/A</lei>
        <title>US Auto Funding Trust, Series 2022-1A, Class D</title>
        <cusip>90355FAD0</cusip>
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          <isin value="US90355FAD06"/>
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        <balance>16000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160.00000000</valUSD>
        <pctVal>0.000000748887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.14000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>Healthcare Realty Holdings LP</name>
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        <name>Alternative Loan Trust</name>
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        <name>Republic of Cote d'Ivoire</name>
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      <invstOrSec>
        <name>NRZ Excess Spread-Collateralized Notes</name>
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        <name>University of Miami</name>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>Mid-State Capital Corp. Trust</name>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Seagate HDD Cayman</name>
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        <invCountry>KY</invCountry>

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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>Aflac, Inc.</name>
        <lei>549300N0B7DOGLXWPP39</lei>
        <title>Aflac, Inc.</title>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
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        <name>Duke Energy Progress LLC</name>
        <lei>0NIFZ782LS46WOC9QK20</lei>
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        <name>LHOME Mortgage Trust</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>CWABS, Inc. Asset-Backed Certificates</name>
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        <name>Cascade Funding Mortgage Trust</name>
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        <name>SMBC Aviation Capital Finance DAC</name>
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        <name>Madison IAQ LLC</name>
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        <name>FNMA</name>
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        <name>Republic of Costa Rica</name>
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        <name>CSMC OA LLC</name>
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        <name>BWAY Mortgage Trust</name>
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        <name>UBS Group AG</name>
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        <name>Entergy Louisiana LLC</name>
        <lei>0V5453U14HDZO63CGH17</lei>
        <title>Entergy Louisiana LLC</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hilton Grand Vacations Trust</name>
        <lei>N/A</lei>
        <title>Hilton Grand Vacations Trust, Series 2022-1D, Class D</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vistra Operations Co. LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EnLink Midstream LLC</name>
        <lei>54930000GY1H533OBE23</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kaiser Aluminum Corp.</name>
        <lei>N/A</lei>
        <title>Kaiser Aluminum Corp.</title>
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          <isin value="US483007AJ91"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Celanese US Holdings LLC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MHC Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FRTKL</name>
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      <invstOrSec>
        <name>GLS Auto Receivables Issuer Trust</name>
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        <name>Freeport-McMoRan, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PrimeSource</name>
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        <title>PrimeSource, 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, Other</title>
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        <issuerCat>USGSE</issuerCat>
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        <name>MVW LLC</name>
        <lei>N/A</lei>
        <title>MVW LLC, Series 2022-1A, Class D</title>
        <cusip>55400UAD5</cusip>
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      <invstOrSec>
        <name>GMACM Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>GNMA</name>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>FHLMC</name>
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        <name>Oracle Corp.</name>
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        <name>GNMA</name>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>United Airlines Pass-Through Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>AEP Transmission Co. LLC</name>
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        <name>NMG, Inc.</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2010-31, Class SK</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>36196PT44</cusip>
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        <invCountry>US</invCountry>
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        <name>F&amp;G Annuities &amp; Life, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Harvest Midstream I LP</name>
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        <name>Becton Dickinson &amp; Co.</name>
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        <name>PNC Bank NA</name>
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        <name>Avis Budget Car Rental LLC</name>
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        <name>FNMA</name>
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        <name>ATI, Inc.</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>Entergy Texas, Inc.</name>
        <lei>LWXX58X12AJXISQ28573</lei>
        <title>Entergy Texas, Inc.</title>
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        <name>United States of America</name>
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        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>Regents of the University of California Medical Center Pooled Revenue</name>
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        <name>Monongahela Power Co.</name>
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        <name>KDC Development Corp.</name>
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        <name>FNMA</name>
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        <name>Granite Park FX Notes Issuer LLC</name>
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        <name>Cencora, Inc.</name>
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        <name>Credit Suisse First Boston Mortgage Securities Corp.</name>
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        <name>FNMA</name>
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        <name>KGS-Alpha SBA COOF Trust</name>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <name>Matador Resources Co.</name>
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        <name>Tempur Sealy International, Inc.</name>
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        <name>FNMA</name>
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        <name>F&amp;G Annuities &amp; Life, Inc.</name>
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        <name>HERO Funding II</name>
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        <name>ITC Holdings Corp.</name>
        <lei>549300HTO5U9D3SLE207</lei>
        <title>ITC Holdings Corp.</title>
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        <name>Morgan Stanley Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Mortgage Loan Trust, Series 2004-3, Class 4A</title>
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      <invstOrSec>
        <name>Renew</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FHLMC</name>
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        <title>FHLMC Gold Pools, Other</title>
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        <name>CSC Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Griffon Corp.</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>Griffon Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>GNMA</name>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Cleveland-Cliffs, Inc.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Worldwide Plaza Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Renew</name>
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        <fairValLevel>3</fairValLevel>
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        <name>SBA Communications Corp.</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Regional Management Issuance Trust</name>
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        <name>Radnor RE Ltd.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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          <couponKind>Fixed</couponKind>
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        <name>Ascent Resources Utica Holdings LLC</name>
        <lei>N/A</lei>
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        <name>Oncor Electric Delivery Co. LLC</name>
        <lei>549300SP2X2BS1KERD24</lei>
        <title>Oncor Electric Delivery Co. LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140X9M44</cusip>
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          <isin value="US3140X9M441"/>
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        <curCd>USD</curCd>
        <valUSD>21615092.85000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, STRIPS, Series 186</title>
        <cusip>31351BFA8</cusip>
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          <isin value="US31351BFA89"/>
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        <balance>28264.30590000</balance>
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        <curCd>USD</curCd>
        <valUSD>27044.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KGS-Alpha SBA COOF Trust</name>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apple, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Deutsche Bank AG</name>
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        <name>Teachers Insurance &amp; Annuity Association of America</name>
        <lei>O06XD7BJ4EPXNABVFN69</lei>
        <title>Teachers Insurance &amp; Annuity Association of America</title>
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        <name>Alcoa Nederland Holding BV</name>
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        <name>United Mexican States</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>FNMA</name>
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        <name>Hub International Ltd.</name>
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        <name>FHLMC</name>
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        <name>Republic of Turkiye (The)</name>
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        <name>AMSR Trust</name>
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        <name>Wesco Aircraft Holdings, Inc.</name>
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      <invstOrSec>
        <name>Dominion Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Parker-Hannifin Corp.</name>
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      <invstOrSec>
        <name>Antero Resources Corp.</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
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        <name>NXP BV</name>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-11</maturityDt>
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      <invstOrSec>
        <name>Bayview Opportunity Master Fund VII Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cascade MH Asset Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3140LGSS26"/>
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      <invstOrSec>
        <name>Ohio Power Co.</name>
        <lei>06ZODLC132CY1O2Y7D77</lei>
        <title>Ohio Power Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140GWMP5</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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      <invstOrSec>
        <name>Wynn Macau Ltd.</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd.</title>
        <cusip>98313RAH9</cusip>
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          <isin value="US98313RAH93"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Healthpeak OP LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
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        <cusip>30293HAE5</cusip>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140LKBK8</cusip>
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      <invstOrSec>
        <name>Par Pharmaceutical, Inc.</name>
        <lei>549300KK5WR4MGN4YT97</lei>
        <title>Par Pharmaceutical, Inc.</title>
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        <name>Duke Energy Progress LLC</name>
        <lei>0NIFZ782LS46WOC9QK20</lei>
        <title>Duke Energy Progress LLC</title>
        <cusip>26442UAC8</cusip>
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        <name>Mariner Finance Issuance Trust</name>
        <lei>N/A</lei>
        <title>Mariner Finance Issuance Trust, Series 2024-AA, Class E</title>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd.</title>
        <cusip>05401AAR2</cusip>
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        <balance>14148000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-18</maturityDt>
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          <annualizedRt>2.52800000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
        <cusip>37045XEV4</cusip>
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      <invstOrSec>
        <name>FREMF 2020-K116 Mortgage Trust</name>
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      <invstOrSec>
        <name>American Airlines Pass-Through Trust</name>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <title>American Express Co.</title>
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        <name>Petroleos Mexicanos</name>
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        <title>Petroleos Mexicanos</title>
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        <name>FNMA</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140XJJ46</cusip>
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      <invstOrSec>
        <name>NOVA Chemicals Corp.</name>
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        <title>NOVA Chemicals Corp.</title>
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        <name>American Homes 4 Rent Trust</name>
        <lei>N/A</lei>
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        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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      <invstOrSec>
        <name>SBALR Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>CSFB Mortgage-Backed Pass-Through Certificates</name>
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        <cusip>225470FA6</cusip>
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        <name>USA Compression Partners LP</name>
        <lei>N/A</lei>
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        <name>NatWest Group plc</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group plc</title>
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        <invCountry>GB</invCountry>
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          <maturityDt>2029-09-13</maturityDt>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>36193UAF1</cusip>
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        <balance>1555182.96000000</balance>
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        <issuerCat>USGA</issuerCat>
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      <invstOrSec>
        <name>FHLMC Multi-Family Structured Credit Risk</name>
        <lei>N/A</lei>
        <title>FHLMC, Multi-Family Structured Credit Risk, Series 2022-MN4, Class M2</title>
        <cusip>35563HAB3</cusip>
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        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC, Series E</title>
        <cusip>29379VBN2</cusip>
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        <issuerCat>CORP</issuerCat>
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        <name>FHLMC Pool</name>
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        <name>DataBank Issuer</name>
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        <name>GNMA</name>
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        <name>Cheniere Energy Partners LP</name>
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        <name>Pagaya AI Technology in Housing Trust</name>
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        <name>Ascension Health</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>Petco Health &amp; Wellness Co., Inc.</name>
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        <name>DP Lion Holdco LLC</name>
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        <name>Southwestern Energy Co.</name>
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        <name>Federal Republic of Nigeria</name>
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        <name>Weekley Homes LLC</name>
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        <name>DISH DBS Corp.</name>
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        <name>United Airlines Pass-Through Trust</name>
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          <maturityDt>2025-08-15</maturityDt>
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          <annualizedRt>4.30000000</annualizedRt>
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        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-15</maturityDt>
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          <annualizedRt>3.95000000</annualizedRt>
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      <invstOrSec>
        <name>Macquarie Airfinance Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Organon &amp; Co.</name>
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      <invstOrSec>
        <name>American Water Capital Corp.</name>
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      <invstOrSec>
        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
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      <invstOrSec>
        <name>DTE Electric Co.</name>
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      <invstOrSec>
        <name>MyMichigan Health</name>
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      <invstOrSec>
        <name>Washington Mutual Mortgage Pass-Through Certificates WMALT Trust</name>
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        <name>MetLife, Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <name>Genesee &amp; Wyoming, Inc.</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>Genesee &amp; Wyoming, Inc., 1st Lien Term Loan B</title>
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      <invstOrSec>
        <name>FREMF 2020-K739 Mortgage Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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        <name>CCO Holdings LLC</name>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
        <cusip>92332YAB7</cusip>
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        <name>Duke Energy Florida LLC</name>
        <lei>7MOHLM3DKE63RX2ZCN83</lei>
        <title>Duke Energy Florida LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Turkiye Ihracat Kredi Bankasi A/S</name>
        <lei>789000JVRVYLAXGDWR11</lei>
        <title>Turkiye Ihracat Kredi Bankasi A/S</title>
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          <isin value="US90015LAG23"/>
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        <balance>1289000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1348616.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Santander Revolving Auto Loan Trust</name>
        <lei>N/A</lei>
        <title>Santander Revolving Auto Loan Trust, Series 2019-A, Class C</title>
        <cusip>80286JAC9</cusip>
        <identifiers>
          <isin value="US80286JAC99"/>
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        <balance>10436000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10354179.67000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BX</name>
        <lei>N/A</lei>
        <title>BX, Series 2021-MFM1, Class E</title>
        <cusip>05608VAL0</cusip>
        <identifiers>
          <isin value="US05608VAL09"/>
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        <balance>2208444.71300000</balance>
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        <curCd>USD</curCd>
        <valUSD>2157222.71000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.70148000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810RC4</cusip>
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          <isin value="US912810RC45"/>
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        <balance>11820800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10750925.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA I, 30 Year</title>
        <cusip>36193PPT6</cusip>
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          <isin value="US36193PPT65"/>
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        <balance>561999.43000000</balance>
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        <curCd>USD</curCd>
        <valUSD>559112.42000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140QLR99</cusip>
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          <isin value="US3140QLR995"/>
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        <balance>24698785.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22114189.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WaMu Mortgage Pass-Through Certificates Trust</name>
        <lei>N/A</lei>
        <title>WaMu Mortgage Pass-Through Certificates Trust, Series 2004-AR3, Class A2</title>
        <cusip>92922FNJ3</cusip>
        <identifiers>
          <isin value="US92922FNJ39"/>
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        <balance>131595.28780000</balance>
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        <curCd>USD</curCd>
        <valUSD>121036.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.71507200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2019-20, Class H</title>
        <cusip>3136B4NV6</cusip>
        <identifiers>
          <isin value="US3136B4NV63"/>
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        <balance>5706725.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5241502.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140LFXA7</cusip>
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          <isin value="US3140LFXA79"/>
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        <balance>9693097.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8956527.75000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.59000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>Solventum Corp.</title>
        <cusip>83444MAG6</cusip>
        <identifiers>
          <isin value="US83444MAG69"/>
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        <balance>2050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2089925.72000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Antero Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Antero Midstream Partners LP</title>
        <cusip>03690AAH9</cusip>
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          <isin value="US03690AAH95"/>
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        <balance>4996000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4936192.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>Southern California Edison Co., Series C</title>
        <cusip>842400GK3</cusip>
        <identifiers>
          <isin value="US842400GK35"/>
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        <balance>971000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
        <cusip>694308KR7</cusip>
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          <isin value="US694308KR71"/>
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        <balance>11605000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
        <cusip>05526DBV6</cusip>
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          <isin value="US05526DBV64"/>
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        <balance>6410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6052473.40000000</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>2052-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLS Auto Receivables Issuer Trust</name>
        <lei>N/A</lei>
        <title>GLS Auto Receivables Issuer Trust, Series 2022-1A, Class E</title>
        <cusip>36263XAJ2</cusip>
        <identifiers>
          <isin value="US36263XAJ28"/>
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        <balance>14000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13641548.20000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.64000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CommonSpirit Health</name>
        <lei>4SXHN5XW08IBO0UG2V58</lei>
        <title>CommonSpirit Health</title>
        <cusip>20268JAG8</cusip>
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          <isin value="US20268JAG85"/>
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        <balance>1219000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>968309.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.91000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2015-M13, Class A2</title>
        <cusip>3136AQHL7</cusip>
        <identifiers>
          <isin value="US3136AQHL72"/>
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        <balance>1161228.69460000</balance>
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        <curCd>USD</curCd>
        <valUSD>1139933.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-25</maturityDt>
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        <name>FHLMC Pool</name>
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        <name>Truist Financial Corp.</name>
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        <name>FNMA</name>
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        <name>7-Eleven, Inc.</name>
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        <name>FHLMC Pool</name>
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        <name>FHLMC</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>Palomino Funding Trust I</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>7.23300000</annualizedRt>
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        <name>Shift4 Payments LLC</name>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America, Inc.</title>
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        <name>Rio Tinto Finance USA Ltd.</name>
        <lei>213800RX94ZKEZXPKH58</lei>
        <title>Rio Tinto Finance USA Ltd.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <name>PG&amp;E Corp.</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp.</title>
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        <name>Cinemark USA, Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3138LVY49</cusip>
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        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-07-23</maturityDt>
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          <annualizedRt>5.04900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
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        <name>CaixaBank SA</name>
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        <name>AEP Transmission Co. LLC</name>
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        <name>FNMA</name>
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        <name>TSMC Arizona Corp.</name>
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        <name>CCO Holdings LLC</name>
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        <name>Banner Health</name>
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        <name>Bastion Funding I LLC</name>
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        <name>United States of America</name>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>Shell International Finance BV</name>
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        <name>FREMF 2018-K082 Mortgage Trust</name>
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        <name>Principal Life Global Funding II</name>
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        <name>Public Storage Operating Co.</name>
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        <title>Public Storage Operating Co.</title>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC UMBS, 30 Year</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
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        <name>Vistra Operations Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2067-06-20</maturityDt>
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      <invstOrSec>
        <name>Memorial Health Services</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
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      <invstOrSec>
        <name>Prime Security Services Borrower LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-04-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-23</maturityDt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>3617KJP81</cusip>
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          <isin value="US3617KJP811"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-20</maturityDt>
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      <invstOrSec>
        <name>Pacific Life Insurance Co.</name>
        <lei>8WC3XYHE06SQFW7CQK10</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31371E4M43"/>
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          <maturityDt>2025-04-01</maturityDt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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        <name>Shell International Finance BV</name>
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        <title>Shell International Finance BV</title>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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          <isin value="US36202FPP52"/>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2015-M8, Class A2</title>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Antero Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Antero Midstream Partners LP</title>
        <cusip>03690AAF3</cusip>
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        <balance>3200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA</name>
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      <invstOrSec>
        <name>Anchor Mortgage Trust</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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      <invstOrSec>
        <name>FHLMC</name>
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        <title>FHLMC Gold Pools, 30 Year</title>
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          <isin value="US31292J5V89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Aetna, Inc.</name>
        <lei>549300QKBENKLBXQ8968</lei>
        <title>Aetna, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140LGBJ0</cusip>
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        <issuerCat>USGSE</issuerCat>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Gray Television, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television, Inc.</title>
        <cusip>389375AL0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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      <invstOrSec>
        <name>Progress Residential Trust</name>
        <lei>N/A</lei>
        <title>Progress Residential Trust, Series 2022-SFR3, Class E2</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VistaJet Malta Finance plc</name>
        <lei>N/A</lei>
        <title>VistaJet Malta Finance plc</title>
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      <invstOrSec>
        <name>Sierra Timeshare Receivables Funding LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>Sinclair Television Group, Inc.</title>
        <cusip>829259BA7</cusip>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2017-K63, Class C</title>
        <cusip>30300HAJ5</cusip>
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          <isin value="US30300HAJ59"/>
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          <maturityDt>2050-02-25</maturityDt>
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      <invstOrSec>
        <name>Rocket Mortgage LLC</name>
        <lei>N/A</lei>
        <title>Rocket Mortgage LLC</title>
        <cusip>77313LAB9</cusip>
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        <balance>565000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tricolor Auto Securitization Trust</name>
        <lei>N/A</lei>
        <title>Tricolor Auto Securitization Trust, Series 2022-1A, Class E</title>
        <cusip>89616BAE4</cusip>
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          <isin value="US89616BAE48"/>
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        <balance>5290000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-16</maturityDt>
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          <annualizedRt>7.79000000</annualizedRt>
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      <invstOrSec>
        <name>Cascade MH Asset Trust</name>
        <lei>N/A</lei>
        <title>Cascade MH Asset Trust, Series 2019-MH1, Class B</title>
        <cusip>14732FAB8</cusip>
        <identifiers>
          <isin value="US14732FAB85"/>
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        <balance>16502660.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-25</maturityDt>
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          <annualizedRt>5.00000040</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Halliburton Co.</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>Halliburton Co.</title>
        <cusip>406216BE0</cusip>
        <identifiers>
          <isin value="US406216BE02"/>
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        <balance>263000.00000000</balance>
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      <invstOrSec>
        <name>Impac CMB Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREMF 2018-KW04 Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MNR ABS Issuer I LLC</name>
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      <invstOrSec>
        <name>Great Ajax Operating Partnership LP</name>
        <lei>549300IMX0KE8QJMZ613</lei>
        <title>Great Ajax Operating Partnership LP, Series QIB</title>
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        <balance>22328000.00000000</balance>
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      <invstOrSec>
        <name>Entegris, Inc.</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>Entegris, Inc.</title>
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        <balance>2242000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <balance>15890217.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ERP Operating LP</name>
        <lei>DX5HQV5MLU50FEWZ5072</lei>
        <title>ERP Operating LP</title>
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        <balance>2913000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2018-KW07, Class C</title>
        <cusip>30297NAG3</cusip>
        <identifiers>
          <isin value="US30297NAG34"/>
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        <balance>12619682.00000000</balance>
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        <curCd>USD</curCd>
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        <debtSec>
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      <invstOrSec>
        <name>Caerus Uinta Abs I LLC</name>
        <lei>549300KYPQ0HIKDTZK59</lei>
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        <cusip>127656AB2</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
        <lei>N/A</lei>
        <title>Exeter Automobile Receivables Trust, Series 2023-4A, Class E</title>
        <cusip>30166TAG8</cusip>
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        <balance>11565000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.57000000</annualizedRt>
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      <invstOrSec>
        <name>DP Lion Holdco LLC</name>
        <lei>254900327YUW2NAXPW14</lei>
        <title>DP Lion Holdco LLC, Series 2023-1A, Class B</title>
        <cusip>23359MAC4</cusip>
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          <isin value="US23359MAC47"/>
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        <balance>6938816.20000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Endo, Inc.</name>
        <lei>N/A</lei>
        <title>Endo, Inc.</title>
        <cusip>29290D117</cusip>
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        <balance>61922.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Charter Communications Operating LLC</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC</title>
        <cusip>161175CA0</cusip>
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        <balance>1651000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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      <invstOrSec>
        <name>PECO Energy Co.</name>
        <lei>YH65D4JBECK76IFEJ279</lei>
        <title>PECO Energy Co.</title>
        <cusip>693304AY3</cusip>
        <identifiers>
          <isin value="US693304AY39"/>
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        <balance>729000.00000000</balance>
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        <valUSD>475307.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <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>JPMorgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JPMorgan Mortgage Trust, Series 2006-A2, Class 5A3</title>
        <cusip>466247K93</cusip>
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          <isin value="US466247K935"/>
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        <balance>20143.64350000</balance>
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        <curCd>USD</curCd>
        <valUSD>19588.83000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3138M3XL3</cusip>
        <identifiers>
          <isin value="US3138M3XL34"/>
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        <balance>1048872.74000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1021069.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Post Road Equipment Finance LLC</name>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HCA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Southern California Gas Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
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      <invstOrSec>
        <name>Alimentation Couche-Tard, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <name>Shutterfly Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <name>Citibank NA</name>
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        <name>LABL, Inc.</name>
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        <name>FNMA</name>
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        <title>FNMA ACES, Series 2017-M1, Class A2</title>
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        <name>FNMA</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>CARS-DB4 LP</name>
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        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NOVA Chemicals Corp.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>San Diego Gas &amp; Electric Co.</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>FNMA/FHLMC</name>
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      <invstOrSec>
        <name>American Homes 4 Rent Trust</name>
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      <invstOrSec>
        <name>Ally Financial, Inc.</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>UBS Group AG</name>
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        <name>Ameren Illinois Co.</name>
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      <invstOrSec>
        <name>BP Capital Markets plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mercury Financial Credit Card Master Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Bank of Montreal</name>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <name>BAT Capital Corp.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Civitas Resources, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Civitas Resources, Inc.</title>
        <cusip>17888HAB9</cusip>
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      <invstOrSec>
        <name>Progress Residential</name>
        <lei>N/A</lei>
        <title>Progress Residential, Series 2021-SFR1, Class F</title>
        <cusip>74331FAL5</cusip>
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        <name>Bank of America Corp.</name>
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        <name>FNMA</name>
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        <name>FHLMC Pool</name>
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        <name>UBS Group AG</name>
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        <name>Atmos Energy Corp.</name>
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        <name>FHLMC</name>
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        <name>Calpine Corp.</name>
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        <name>FNMA</name>
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        <name>Octane Receivables Trust</name>
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        <name>Cinemark USA, Inc.</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Petroleos Mexicanos</name>
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        <name>Vendee Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Vendee Mortgage Trust, Series 1999-1, Class 2Z</title>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K146, Class AM</title>
        <cusip>3137H7ZC0</cusip>
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        <issuerCat>USGSE</issuerCat>
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        <name>WR Grace Holdings LLC</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>WR Grace Holdings LLC</title>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA I, 30 Year</title>
        <cusip>36225ARA0</cusip>
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        <balance>203.03000000</balance>
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        <issuerCat>USGA</issuerCat>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>Brookfield Finance, Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>Brookfield Finance, Inc.</title>
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        <invCountry>CA</invCountry>
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        <name>Ohio University</name>
        <lei>549300P1K3IH2L5SFY61</lei>
        <title>Ohio University, General Receipts, Federally Taxable</title>
        <cusip>677704A65</cusip>
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        <balance>2000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2114-12-01</maturityDt>
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        <name>Sabine Pass Liquefaction LLC</name>
        <lei>549300KJYBG7C6WJYZ11</lei>
        <title>Sabine Pass Liquefaction LLC</title>
        <cusip>785592AM8</cusip>
        <identifiers>
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        <balance>1159000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1159632.99000000</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>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Welk Resorts LLC</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>OCP SA</name>
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        <name>Permian Resources Operating LLC</name>
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        <name>Hologic, Inc.</name>
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        <name>FHLMC</name>
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        <name>Chemours Co. (The)</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Allied Universal Holdco LLC</name>
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        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
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        <name>Zekelman Industries, Inc.</name>
        <lei>549300S5LMRAKDWWI425</lei>
        <title>Zekelman Industries, Inc., 1st Lien Term Loan B</title>
        <cusip>98931YAD5</cusip>
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        <name>Comcast Corp.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>GLS Auto Receivables Issuer Trust</name>
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        <name>FHLMC Pool</name>
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        <name>Berry Global, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3140QNFK3</cusip>
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          <isin value="US3140QNFK33"/>
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        <curCd>USD</curCd>
        <valUSD>28998263.22000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3140FDB21</cusip>
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          <isin value="US3140FDB213"/>
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        <balance>1603752.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1497978.41000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>DT Auto Owner Trust</name>
        <lei>N/A</lei>
        <title>DT Auto Owner Trust, Series 2021-3A, Class E</title>
        <cusip>23344QAE9</cusip>
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          <isin value="US23344QAE98"/>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1415683.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kroger Co. (The)</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>Kroger Co. (The)</title>
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          <isin value="US501044DW87"/>
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        <balance>790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>774356.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>FirstEnergy Transmission LLC</name>
        <lei>549300AINIIPOLYX2R63</lei>
        <title>FirstEnergy Transmission LLC</title>
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          <isin value="US33767BAA70"/>
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        <balance>777000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>750438.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Superior Plus LP</name>
        <lei>N/A</lei>
        <title>Superior Plus LP</title>
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          <isin value="US86828LAC63"/>
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        <balance>3859000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Avis Budget Car Rental LLC</name>
        <lei>N/A</lei>
        <title>Avis Budget Car Rental LLC</title>
        <cusip>053773BF3</cusip>
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          <isin value="US053773BF30"/>
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        <balance>1952000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1788499.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>DTE Electric Co.</name>
        <lei>9N0FWODEJVKHC2DYLO03</lei>
        <title>DTE Electric Co.</title>
        <cusip>23338VAV8</cusip>
        <identifiers>
          <isin value="US23338VAV80"/>
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        <balance>3400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3508137.14000000</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>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust, Series 2024-2, Class D</title>
        <cusip>80286YAF9</cusip>
        <identifiers>
          <isin value="US80286YAF97"/>
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        <balance>7941000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8237373.21000000</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>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.28000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCF Equipment Leasing LLC</name>
        <lei>N/A</lei>
        <title>SCF Equipment Leasing LLC, Series 2023-1A, Class A3</title>
        <cusip>784024AC5</cusip>
        <identifiers>
          <isin value="US784024AC56"/>
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        <balance>19600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20471296.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.17000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140HSAH4</cusip>
        <identifiers>
          <isin value="US3140HSAH47"/>
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        <balance>281516.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276467.52000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.88000000</annualizedRt>
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      <invstOrSec>
        <name>Constellation Energy Generation LLC</name>
        <lei>S2PEWKCZFFECR4533P43</lei>
        <title>Constellation Energy Generation LLC</title>
        <cusip>210385AE0</cusip>
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          <isin value="US210385AE04"/>
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        <balance>12976000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14375776.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140X8XB8</cusip>
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          <isin value="US3140X8XB83"/>
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        <balance>23577330.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20506076.25000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
        <cusip>77586RAU4</cusip>
        <identifiers>
          <isin value="US77586RAU41"/>
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        <balance>3104000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3191300.00000000</valUSD>
        <pctVal>0.014937027914</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <name>20 Times Square Trust</name>
        <lei>N/A</lei>
        <title>20 Times Square Trust, Series 2018-20TS, Class F</title>
        <cusip>90137LAL4</cusip>
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          <isin value="US90137LAL45"/>
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        <balance>23414363.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18168276.63000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.20322960</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2007-109, Class YI</title>
        <cusip>31396X2N3</cusip>
        <identifiers>
          <isin value="US31396X2N33"/>
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        <balance>959846.55180000</balance>
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        <curCd>USD</curCd>
        <valUSD>95394.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.98668080</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury STRIPS Bonds</title>
        <cusip>912834HV3</cusip>
        <identifiers>
          <isin value="US912834HV38"/>
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        <balance>63558000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31990868.69000000</valUSD>
        <pctVal>0.149734747170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FREMF 2018-K082 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2018-K82, Class X2A</title>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chase Mortgage Finance Trust</name>
        <lei>N/A</lei>
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          <isin value="US16163LAD47"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-25</maturityDt>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2019-KL05, Class CHG</title>
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          <isin value="US30311NAG51"/>
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        <balance>11274229.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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          <isin value="US29278NAR44"/>
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        <balance>4854000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140FXXF4</cusip>
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          <isin value="US3140FXXF47"/>
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        <balance>46737704.06000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43813625.97000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC</title>
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          <isin value="US126307BH94"/>
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        <balance>2571000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>25714PEZ7</cusip>
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          <isin value="US25714PEZ71"/>
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        <balance>603000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>633753.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
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          <isin value="US902613BH06"/>
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        <balance>9880000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-08</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.69900000</annualizedRt>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CR1</cusip>
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          <isin value="US629377CR16"/>
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        <balance>614000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>549342.98000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Blue Racer Midstream LLC</name>
        <lei>N/A</lei>
        <title>Blue Racer Midstream LLC</title>
        <cusip>095796AE8</cusip>
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          <isin value="US095796AE85"/>
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        <balance>3170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3169034.74000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Air Canada Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>Air Canada Pass-Through Trust, Series 2017-1, Class AA</title>
        <cusip>00908PAA5</cusip>
        <identifiers>
          <isin value="US00908PAA57"/>
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        <balance>6331499.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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        <name>Republic of the Philippines</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>Republic of Philippines</title>
        <cusip>718286DB0</cusip>
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          <isin value="US718286DB06"/>
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        <balance>7760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8201350.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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      <invstOrSec>
        <name>AEP Transmission Co. LLC</name>
        <lei>549300X123Z1I0LA3Y84</lei>
        <title>AEP Transmission Co. LLC, Series N</title>
        <cusip>00115AAN9</cusip>
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          <isin value="US00115AAN90"/>
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        <balance>2427000.00000000</balance>
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        <valUSD>1541471.46000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RTX Corp.</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX Corp.</title>
        <cusip>75513ECS8</cusip>
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        <balance>1882000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-27</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122EL8</cusip>
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          <isin value="US110122EL84"/>
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        <balance>10635000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-02-22</maturityDt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2004-2, Class SA</title>
        <cusip>38374FCV4</cusip>
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          <isin value="US38374FCV40"/>
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        <balance>105548.02000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105938.55000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.52503120</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Mortgage-Backed Securities Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Mortgage-Backed Securities Trust, Series 2004-K, Class 1A2</title>
        <cusip>94981VAB3</cusip>
        <identifiers>
          <isin value="US94981VAB36"/>
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        <balance>32119.97880000</balance>
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        <curCd>USD</curCd>
        <valUSD>32755.34000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.49000520</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Baxter International, Inc.</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
        <title>Baxter International, Inc.</title>
        <cusip>071813CV9</cusip>
        <identifiers>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2005047.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <name>Kingdom of Bahrain</name>
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      <invstOrSec>
        <name>Bioceanico Sovereign Certificate Ltd.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Banco Santander SA</name>
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        <name>FHLMC</name>
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        <name>Securitized Asset-Backed Receivables LLC Trust</name>
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        <name>Take-Two Interactive Software, Inc.</name>
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        <name>FNMA</name>
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        <name>Noble Finance II LLC</name>
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        <name>Seagate HDD Cayman</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Anchor Mortgage Trust</name>
        <lei>N/A</lei>
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          <couponKind>Variable</couponKind>
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        <name>FNMA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Emera US Finance LP</name>
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        <name>Sigeco Securitization I LLC</name>
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        <name>Entergy Mississippi LLC</name>
        <lei>54930043I78H35DVVW89</lei>
        <title>Entergy Mississippi LLC</title>
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      <invstOrSec>
        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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        <balance>3087000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <name>GNMA</name>
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        <name>PG&amp;E Wildfire Recovery Funding LLC</name>
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        <name>Ovintiv, Inc.</name>
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        <name>Ball Corp.</name>
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        <name>TotalEnergies Capital International SA</name>
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        <name>Union Electric Co.</name>
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        <name>Flagship Credit Auto Trust</name>
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        <name>Protective Life Global Funding</name>
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        <name>FNMA</name>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>BBCCRE Trust</name>
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        <name>Public Service Co. of Colorado</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
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        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>Comstock Resources, Inc.</title>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>FHLMC</name>
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        <name>Diversified Abs Phase VI LLC</name>
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        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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        <name>PRPM LLC</name>
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        <name>MV24 Capital BV</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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          <couponKind>Fixed</couponKind>
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        <name>Santander Revolving Auto Loan Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140NUPE3</cusip>
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          <isin value="US3140NUPE33"/>
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        <balance>50000000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Eaton Corp.</name>
        <lei>0NZWDMRCE180888QQE14</lei>
        <title>Eaton Corp.</title>
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        <balance>2427000.00000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2010-35, Class SB</title>
        <cusip>31398PKD0</cusip>
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          <isin value="US31398PKD05"/>
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        <balance>207144.46790000</balance>
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        <curCd>USD</curCd>
        <valUSD>14899.32000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 2594, Class IV</title>
        <cusip>31393PVX9</cusip>
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        <balance>27797.84800000</balance>
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        <curCd>USD</curCd>
        <valUSD>2719.54000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CF Industries, Inc.</name>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>Archer-Daniels-Midland Co.</name>
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        <name>Georgia Power Co.</name>
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        <name>FNMA</name>
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        <name>Boeing Co. (The)</name>
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        <name>Arches Buyer, Inc.</name>
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        <name>Rockies Express Pipeline LLC</name>
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        <name>Brooks Automation</name>
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        <name>WESCO Distribution, Inc.</name>
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        <name>Societe Generale SA</name>
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        <name>Optics Bidco SpA</name>
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        <name>MASTR Alternative Loan Trust</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>FREMF 2020-K105 Mortgage Trust</name>
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        <name>Bausch Health Americas, Inc.</name>
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        <name>Comcast Corp.</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>ITC Holdings Corp.</name>
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        <name>GNMA</name>
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        <name>GLS Auto Select Receivables Trust</name>
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        <name>Entergy Corp.</name>
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        <name>Hackensack Meridian Health, Inc.</name>
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        <name>FHLMC Pool</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>CSC Holdings LLC</name>
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        <name>FHLMC</name>
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        <name>Morgan Stanley</name>
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        <name>Standard Industries, Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Industries, Inc.</title>
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        <name>GNMA</name>
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        <name>Prologis LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AbbVie, Inc.</name>
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          <maturityDt>2054-03-15</maturityDt>
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      <invstOrSec>
        <name>ReadyCap Holdings LLC</name>
        <lei>549300W908MAGNC9E420</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-20</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>MPLX LP</name>
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        <title>MPLX LP</title>
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          <maturityDt>2047-03-01</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>Coca-Cola Femsa SAB de CV</name>
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        <title>Coca-Cola Femsa SAB de CV</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>31402RDG1</cusip>
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          <isin value="US31402RDG11"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Citibank NA</name>
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        <title>Citibank NA</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>NiSource, Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource, Inc.</title>
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        <name>Carvana Auto Receivables Trust</name>
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        <name>SM Energy Co.</name>
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        <name>Halliburton Co.</name>
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        <name>Union Electric Co.</name>
        <lei>QMPJLLDULY5C1M8PNY21</lei>
        <title>Union Electric Co.</title>
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      <invstOrSec>
        <name>CWABS, Inc. Asset-Backed Certificates Trust</name>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2018-KL3W, Class CW</title>
        <cusip>30307VAQ1</cusip>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K-1515, Class A2</title>
        <cusip>3137FTZL4</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREMF 2020-K739 Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARS-DB4 LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
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        <balance>9538000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-04</maturityDt>
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      <invstOrSec>
        <name>Nexstar Media, Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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          <isin value="US00084DBC39"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-13</maturityDt>
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      <invstOrSec>
        <name>Ameren Illinois Co.</name>
        <lei>RC71E2BZ6UOMFPDJSE79</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>F&amp;G Global Funding</name>
        <lei>6354009CCUKJIZ7KFX73</lei>
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        <cusip>30321L2A9</cusip>
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          <isin value="US30321L2A99"/>
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        <balance>617000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-30</maturityDt>
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          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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          <isin value="US06051GHZ54"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.49600000</annualizedRt>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
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        <curCd>USD</curCd>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CARS-DB4 LP</name>
        <lei>N/A</lei>
        <title>CARS-DB4 LP, Series 2020-1A, Class B2</title>
        <cusip>12510HAH3</cusip>
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          <isin value="US12510HAH30"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.52000000</annualizedRt>
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      <invstOrSec>
        <name>Theorem Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US88339FAA12"/>
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        <balance>3953138.61740000</balance>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HERO Funding Trust</name>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Genesys Cloud Services Holdings</name>
        <lei>N/A</lei>
        <title>Genesys Cloud Services Holdings, 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>PMC PLS ESR Issuer LLC</name>
        <lei>N/A</lei>
        <title>PMC PLS ESR Issuer LLC, Series 2022-PLS1, Class A</title>
        <cusip>69375JAB6</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 30 Year</title>
        <cusip>3132WD3F9</cusip>
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        <balance>2909457.22000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2721847.71000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Esab Corp.</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <balance>20790879.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GAM Re-REMIC Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>Trane Technologies Co. LLC</name>
        <lei>549300S2NUDMTQBEXQ18</lei>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>CVS Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CVS Pass-Through Trust</title>
        <cusip>126650BV1</cusip>
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        <balance>259492.61050000</balance>
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        <curCd>USD</curCd>
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        <name>SCF Equipment Leasing LLC</name>
        <lei>N/A</lei>
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        <name>Baker Hughes Holdings LLC</name>
        <lei>N/A</lei>
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        <name>Santander Revolving Auto Loan Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Foundation Finance Trust</name>
        <lei>549300QVJKB4ZVR88F06</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140HU4K9</cusip>
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        <balance>10482395.90000000</balance>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust, Series 2022-5, Class D</title>
        <cusip>80287HAF5</cusip>
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        <balance>45600000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.67000000</annualizedRt>
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        <name>Oportun Issuance Trust</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Cascade MH Asset Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FHLMC</name>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>Florida Power &amp; Light Co.</title>
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        <name>Baltimore Gas and Electric Co.</name>
        <lei>88V8C2WYSOD1SPSSLH72</lei>
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        <name>JPMorgan Chase Commercial Mortgage Securities Trust</name>
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        <name>MIWD Holdco II LLC</name>
        <lei>254900X3SPV5RVFJEY72</lei>
        <title>MIWD Holdco II LLC, 1st Lien Term Loan B-2</title>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <issuerCat>UST</issuerCat>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>Cascade Funding Mortgage Trust</name>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>Amazon.com, Inc.</name>
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      <invstOrSec>
        <name>Six Flags Theme Parks, Inc.</name>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Two Harbors Msr Frn</name>
        <lei>N/A</lei>
        <title>Two Harbors Msr Frn</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="99TTU8KR0"/>
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        <balance>35000000.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 2845, Class QH</title>
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          <isin value="US31395EDY05"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OL SP LLC</name>
        <lei>N/A</lei>
        <title>OL SP LLC, Series 2018, Class C</title>
        <cusip>67090UAD5</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Icahn Enterprises LP</name>
        <lei>N/A</lei>
        <title>Icahn Enterprises LP</title>
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          <maturityDt>2027-05-15</maturityDt>
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        <name>Madison IAQ LLC</name>
        <lei>549300IXDNBXNHUPBU73</lei>
        <title>Madison IAQ LLC</title>
        <cusip>55760LAA5</cusip>
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          <maturityDt>2028-06-30</maturityDt>
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        <name>EIDP, Inc.</name>
        <lei>GLU7INWNWH88J9XBXD45</lei>
        <title>EIDP, Inc.</title>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2015-CR24, Class A5</title>
        <cusip>12593JBF2</cusip>
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          <isin value="US12593JBF21"/>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3140LGBW1</cusip>
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        <balance>23025094.00000000</balance>
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      <invstOrSec>
        <name>Viterra Finance BV</name>
        <lei>213800HBZGEIZLKJBI17</lei>
        <title>Viterra Finance BV</title>
        <cusip>92852LAB5</cusip>
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        <balance>6574000.00000000</balance>
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        <invCountry>NL</invCountry>
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      <invstOrSec>
        <name>Essex Portfolio LP</name>
        <lei>5493003GN3O58H286O74</lei>
        <title>Essex Portfolio LP</title>
        <cusip>29717PAV9</cusip>
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          <maturityDt>2032-03-15</maturityDt>
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          <annualizedRt>2.65000000</annualizedRt>
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      <invstOrSec>
        <name>Charter Communications Operating LLC</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC, 1st Lien Term Loan B-4</title>
        <cusip>16117LCB3</cusip>
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        <balance>13556875.00000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-09</maturityDt>
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        <name>FNMA</name>
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        <name>Transocean, Inc.</name>
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        <name>Yale-New Haven Health Services Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INEOS Quattro Finance 2 plc</name>
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        <title>INEOS Quattro Finance 2 plc</title>
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        <name>Valero Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <name>Texas Instruments, Inc.</name>
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        <title>Texas Instruments, Inc.</title>
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        <name>Truist Financial Corp.</name>
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        <name>GNMA</name>
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        <name>Swiss Re Finance Luxembourg SA</name>
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        <name>GNMA</name>
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        <name>Workday, Inc.</name>
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        <name>Genesis  jul30</name>
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        <title>Genesis  jul30</title>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>First Horizon Alternative Mortgage Securities Trust</name>
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        <name>Pretium Mortgage Credit Partners I LLC</name>
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        <name>Rite Aid Corp.</name>
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        <name>ACC Trust</name>
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        <name>US Bancorp</name>
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        <name>GNMA</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Standard Chartered plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series KJ17, Class A2</title>
        <cusip>3137FBTG1</cusip>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NuStar Logistics LP</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NuStar Logistics LP</title>
        <cusip>67059TAE5</cusip>
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        <invCountry>US</invCountry>
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        <name>FHLMC MSCR Trust</name>
        <lei>529900NYZHC090WEXH18</lei>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K145, Class A2</title>
        <cusip>3137H7QH9</cusip>
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        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>Republic Services, Inc.</title>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <issuerCat>UST</issuerCat>
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        <name>Morgan Stanley</name>
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        <name>GNMA</name>
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        <name>Lumen Technologies, Inc.</name>
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        <name>FHLMC</name>
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        <name>FHLMC</name>
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        <name>LHOME Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>AMSR Trust</name>
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        <name>Apple, Inc.</name>
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        <title>Apple, Inc.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <name>Lloyds Banking Group plc</name>
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        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications, Inc.</title>
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      <invstOrSec>
        <name>Wells Fargo Mortgage-Backed Securities Trust</name>
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        <title>Wells Fargo Mortgage-Backed Securities Trust, Series 2004-U, Class A1</title>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <name>Federal Republic of Nigeria</name>
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        <name>Southwestern Electric Power Co.</name>
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        <name>FHLMC</name>
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        <name>PPL Capital Funding, Inc.</name>
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        <name>Glencore Funding LLC</name>
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        <name>FNMA</name>
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        <name>Aqua Finance Trust</name>
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        <name>FHLMC</name>
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        <name>TransDigm, Inc.</name>
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        <title>TransDigm, Inc.</title>
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        <name>PG&amp;E Recovery Funding LLC</name>
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        <cusip>71710TAH1</cusip>
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        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
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        <name>Oman Government International Bond</name>
        <lei>549300SZ20F0QTKNQC75</lei>
        <title>Sultanate of Oman Government Bond</title>
        <cusip>68205LAS2</cusip>
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        <curCd>USD</curCd>
        <valUSD>1267908.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>OM</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>Sysco Corp.</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>Sysco Corp.</title>
        <cusip>871829BK2</cusip>
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        <balance>3883000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3478365.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</annualizedRt>
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        <name>Optics Bidco SpA</name>
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        <name>FNMA</name>
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        <name>SM Energy Co.</name>
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        <name>Texas Natural Gas Securitization Finance Corp.</name>
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        <name>Hunt Companies Finance Trust, Inc.</name>
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        <name>FNMA</name>
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        <name>United States Cellular Corp.</name>
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        <name>OL SP LLC</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Baltimore Gas and Electric Co.</name>
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        <name>Diamond Resorts Owner Trust</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>Stagwell Global LLC</name>
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        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
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        <name>Pfizer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Lloyds Banking Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-12</maturityDt>
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        <name>Quikrete Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mid-Atlantic Interstate Transmission LLC</name>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Citigroup, Inc.</name>
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        <name>Wachovia Corp.</name>
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        <name>Structured Asset Securities Corp. Mortgage Pass-Through Certificates</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <issuerCat>USGA</issuerCat>
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        <name>BPCE SA</name>
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        <title>BPCE SA</title>
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        <name>Comision Federal de Electricidad</name>
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        <title>Comision Federal de Electricidad</title>
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        <invCountry>MX</invCountry>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>Florida Power &amp; Light Co.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <balance>8741934.40000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>British Airways Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>British Airways Pass-Through Trust, Series 2018-1, Class AA</title>
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          <isin value="US11042TAA16"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FHLMC</name>
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        <name>Cooper-Standard Automotive, Inc.</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>CoreVest American Finance Trust</name>
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        <name>WaMu Mortgage Pass-Through Certificates Trust</name>
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        <name>Newell Brands, Inc.</name>
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        <name>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
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        <name>Public Service Electric and Gas Co.</name>
        <lei>549300RUHPVD434XUK18</lei>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <name>Builders FirstSource, Inc.</name>
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        <name>Northern States Power Co.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
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        <name>JELD-WEN, Inc.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>GNMA</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>W R Berkley Corp.</name>
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        <name>JetBlue Airways Corp.</name>
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        <name>GNMA</name>
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        <name>Broadcom, Inc.</name>
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        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hillenbrand, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UDR, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II</title>
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          <isin value="US3617JMJW05"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southwestern Energy Co.</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
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      <invstOrSec>
        <name>Exelon Corp.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GFL Environmental, Inc.</name>
        <lei>549300FYK4MBXWIVZU26</lei>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQM Midstream Partners LP</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQM Midstream Partners LP</title>
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        <balance>1942000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <name>FNMA</name>
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      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
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          <maturityDt>2019-06-25</maturityDt>
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        <name>CaixaBank SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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        <invCountry>ES</invCountry>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Arizona Public Service Co.</name>
        <lei>YG6VT0TPHRH4TFVAQV64</lei>
        <title>Arizona Public Service Co.</title>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, Single Family, 30 Year</title>
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      <invstOrSec>
        <name>Sydney Airport Finance Co. Pty. Ltd.</name>
        <lei>549300MJAANHLHOVTO40</lei>
        <title>Sydney Airport Finance Co. Pty. Ltd.</title>
        <cusip>87124VAE9</cusip>
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        <name>FHLMC</name>
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        <name>HSBC Holdings plc</name>
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        <name>Sequoia Mortgage Trust</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>Entergy Louisiana LLC</name>
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        <name>UBS Group AG</name>
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        <name>Cleveland-Cliffs, Inc.</name>
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        <name>DaVita, Inc.</name>
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        <name>ILFC E-Capital Trust I</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>FNMA</name>
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        <name>Hartford HealthCare Corp.</name>
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        <name>Southern California Edison Co.</name>
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        <name>Iron Mountain, Inc.</name>
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        <name>Commonwealth Edison Co.</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <name>MVW LLC</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACCO Brands Corp.</name>
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        <name>Parexel International Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 30 Year</title>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>TEGNA, Inc.</name>
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          <maturityDt>2028-03-15</maturityDt>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
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        <name>Edgewell Personal Care Co.</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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          <couponKind>Variable</couponKind>
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        <name>Acrc</name>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <name>Intuit, Inc.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit, Inc.</title>
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        <name>Sitios Latinoamerica SAB de CV</name>
        <lei>984500D2C0CDC0BFDD35</lei>
        <title>Sitios Latinoamerica SAB de CV</title>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
        <lei>N/A</lei>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>American Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>American Airlines Pass-Through Trust, Series 2016-3, Class AA</title>
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        <valUSD>794509.37000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>Wachovia Corp.</name>
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        <name>Boost Newco Borrower LLC</name>
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        <name>MASTR Asset Securitization Trust</name>
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        <name>FNMA</name>
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        <name>CenterPoint Energy Houston Electric LLC</name>
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        <name>Pine Street Trust III</name>
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        <name>CommScope LLC</name>
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        <title>CommScope LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ACRE Commercial Mortgage Ltd.</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <name>KeyCorp</name>
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        <title>KeyCorp</title>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr Pepper, Inc.</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <issuerCat>USGA</issuerCat>
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      <invstOrSec>
        <name>BWX Technologies, Inc.</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX Technologies, Inc.</title>
        <cusip>05605HAC4</cusip>
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        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>Hess Midstream Operations LP</title>
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      <invstOrSec>
        <name>Camelot US Acquisition LLC</name>
        <lei>N/A</lei>
        <title>Camelot US Acquisition LLC, 1st Lien Term Loan B</title>
        <cusip>L2000AAF7</cusip>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Arizona Public Service Co.</name>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
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        <title>Union Pacific Corp.</title>
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      <invstOrSec>
        <name>FHLMC</name>
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        <name>FHLMC Pool</name>
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        <name>Saudi Arabian Oil Co.</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>American Water Capital Corp.</name>
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        <title>American Water Capital Corp.</title>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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        <cusip>35563P7E3</cusip>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140QEB76</cusip>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Tucson Electric Power Co.</name>
        <lei>YLF139GXSRKPBBTNZL03</lei>
        <title>Tucson Electric Power Co.</title>
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        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>Burlington Northern Santa Fe LLC</title>
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        <invCountry>US</invCountry>
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        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
        <cusip>49456BAJ0</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2004-5, Class 2A9</title>
        <cusip>12669FWD1</cusip>
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      <invstOrSec>
        <name>NRZ FHT Excess LLC</name>
        <lei>N/A</lei>
        <title>NRZ FHT Excess LLC, Series 2020-FHT1, Class A</title>
        <cusip>62955MAA4</cusip>
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        <balance>4081691.73620000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2025-11-25</maturityDt>
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          <annualizedRt>4.21200000</annualizedRt>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033GDQ0</cusip>
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        <balance>11278000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2006-26CB, Class A9</title>
        <cusip>02147WAJ8</cusip>
        <identifiers>
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        <name>FHLMC</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>DTE Electric Co.</name>
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        <name>DuPont Performance</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>FNMA</name>
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        <name>Roper Technologies, Inc.</name>
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        <name>VOLT XCIX LLC</name>
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        <name>Cooper-Standard Automotive, Inc.</name>
        <lei>ITCH5B3Q4RTX2PH9UN62</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Granite Park FX Notes Issuer LLC</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>OL SP LLC</name>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>36193UAG9</cusip>
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        <name>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Southwestern Energy Co.</name>
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        <name>University of California</name>
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        <name>Tierra Mojada Luxembourg II SARL</name>
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        <name>Structured Adjustable Rate Mortgage Loan Trust</name>
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        <name>FNMA</name>
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        <name>OneMain Finance Corp.</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>CaixaBank SA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>Cedar Fair LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Home Partners of America Trust</name>
        <lei>N/A</lei>
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        <balance>7207587.12000000</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>Cascade Funding Mortgage Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Octane Receivables Trust</name>
        <lei>N/A</lei>
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          <isin value="US67571EAF43"/>
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        <balance>2000000.00000000</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>Sierra Timeshare Receivables Funding LLC</name>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US3137HASK39"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>3138LE7B1</cusip>
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          <isin value="US3138LE7B18"/>
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        <balance>5602824.58000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YFK6</cusip>
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          <isin value="US61747YFK64"/>
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        <balance>13950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14235803.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>31418ATU2</cusip>
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          <isin value="US31418ATU24"/>
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        <balance>576699.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>547929.40000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC UMBS, 30 Year</title>
        <cusip>3133B1ZP9</cusip>
        <identifiers>
          <isin value="US3133B1ZP91"/>
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        <balance>22334762.24000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19962253.46000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>GFL Environmental, Inc.</name>
        <lei>549300FYK4MBXWIVZU26</lei>
        <title>GFL Environmental, Inc.</title>
        <cusip>36168QAN4</cusip>
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          <isin value="US36168QAN43"/>
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        <balance>1942000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGI Operating Co. LLC</name>
        <lei>N/A</lei>
        <title>FGI Operating Co. LLC, 1st Lien Term Loan</title>
        <cusip>N/A</cusip>
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          <isin value="US30252KAF49"/>
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        <balance>138422.27600000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alcoa Nederland Holding BV</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>Alcoa Nederland Holding BV</title>
        <cusip>013822AC5</cusip>
        <identifiers>
          <isin value="US013822AC54"/>
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        <balance>3845000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Kroger Co. (The)</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>Kroger Co. (The), Series B</title>
        <cusip>501044BT7</cusip>
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          <isin value="US501044BT76"/>
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        <balance>874000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>985848.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.70000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140HLKB1</cusip>
        <identifiers>
          <isin value="US3140HLKB14"/>
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        <balance>1170760.75000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1147796.14000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>Burlington Northern Santa Fe LLC</title>
        <cusip>12189LAK7</cusip>
        <identifiers>
          <isin value="US12189LAK70"/>
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        <balance>2437000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2211419.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Scotts Miracle-Gro Co. (The)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co. (The)</title>
        <cusip>810186AP1</cusip>
        <identifiers>
          <isin value="US810186AP17"/>
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        <balance>1961000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1949600.71000000</valUSD>
        <pctVal>0.009125196699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Interstate Power and Light Co.</name>
        <lei>EF9UQIIO4KY2BWOK3P26</lei>
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        <name>Consumers 2023 Securitization Funding LLC</name>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <name>FHLMC</name>
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        <name>JPMorgan Securities Lending Money Market Fund</name>
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        <name>LFT CRE Ltd.</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>Leviathan Bond Ltd.</name>
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        <title>Leviathan Bond Ltd.</title>
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        <identifiers>
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        <balance>1147421.00000000</balance>
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        <invCountry>IL</invCountry>
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        <name>WESCO Distribution, Inc.</name>
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        <name>GNMA</name>
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      <invstOrSec>
        <name>MidAmerican Energy Co.</name>
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        <title>MidAmerican Energy Co.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2018-M10, Class A2</title>
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        <name>Leviathan Bond Ltd.</name>
        <lei>254900D9T8VKYVQNZ220</lei>
        <title>Leviathan Bond Ltd.</title>
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        <identifiers>
          <isin value="IL0011677742"/>
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        <balance>1058112.00000000</balance>
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        <invCountry>IL</invCountry>
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        <name>Marlette Funding Trust</name>
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          <couponKind>Fixed</couponKind>
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        <name>MI OpCo Holdings, Inc.</name>
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        <title>MI OpCo Holdings, Inc., Delayed Draw Term Loan B</title>
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        <balance>881641.33000000</balance>
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        <valUSD>833151.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-31</maturityDt>
          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RALI Trust</name>
        <lei>N/A</lei>
        <title>RALI Trust, Series 2005-QS5, Class A4</title>
        <cusip>76110H3A5</cusip>
        <identifiers>
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        <balance>629567.31860000</balance>
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        <curCd>USD</curCd>
        <valUSD>539541.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>FHLMC</name>
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        <name>CFIN Issuer LLC</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <invCountry>JP</invCountry>
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        <name>Block, Inc.</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block, Inc.</title>
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        <name>Guardian Life Global Funding</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <name>Hercules Achievement, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2015-M10, Class A2</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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          <isin value="US3140QSAQ45"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>United States Steel Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Emera US Finance LP</name>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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        <name>Amer Sports Co.</name>
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        <name>Aviation Capital Group LLC</name>
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        <name>BAT Capital Corp.</name>
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        <name>Citigroup, Inc.</name>
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        <name>FHLMC</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>NOVA Chemicals Corp.</name>
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        <name>GNMA</name>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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      <invstOrSec>
        <name>MRCD MARK Mortgage Trust</name>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
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        <name>FHLMC</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>Kinder Morgan, Inc.</name>
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        <title>Kinder Morgan, Inc.</title>
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        <name>Graphic Packaging International LLC</name>
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        <name>US Bancorp</name>
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        <name>AmeriGas Partners LP</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>Lamb Weston Holdings, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>GNMA</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>XPO, Inc.</name>
        <lei>54930096DB9LCLPN7H13</lei>
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        <name>Guara Norte SARL</name>
        <lei>549300U2I4L03BBA3485</lei>
        <title>Guara Norte SARL</title>
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        <invCountry>LU</invCountry>

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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2005-84, Class XM</title>
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        <name>Duke Energy Corp.</name>
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        <name>HCA, Inc.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>FNMA</name>
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        <name>Retium-rcaf  mar25 144a</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Sensata Technologies, Inc.</name>
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        <name>HF Sinclair Corp.</name>
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        <name>San Diego Gas &amp; Electric Co.</name>
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        <name>Hercules Achievement, Inc.</name>
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      <invstOrSec>
        <name>Standard Industries, Inc.</name>
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        <name>NXP BV</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>T-Mobile USA, Inc.</name>
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        <title>T-Mobile USA, Inc.</title>
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        <name>FHLMC</name>
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        <name>SM Energy Co.</name>
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        <name>JPMorgan Mortgage Trust</name>
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        <name>FHLMC</name>
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        <name>Teachers Insurance &amp; Annuity Association of America</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, Other</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
        <cusip>31418BTC0</cusip>
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        <name>FMC GMSR Issuer Trust</name>
        <lei>N/A</lei>
        <title>FMC GMSR Issuer Trust, Series 2022-GT2, Class A</title>
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        <name>Enbridge, Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge, Inc.</title>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>FREMF 17-K68 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2017-K68, Class D</title>
        <cusip>30305EAJ7</cusip>
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        <balance>53000000.00000000</balance>
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        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>OneMain Finance Corp.</name>
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        <name>FHLMC</name>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>31403DWH8</cusip>
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          <isin value="US31403DWH87"/>
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        <balance>6394.88000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6719.23000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Cedar Fair LP</name>
        <lei>549300TUVLNQQ6BVKH61</lei>
        <title>Cedar Fair LP</title>
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        <balance>1641000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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      <invstOrSec>
        <name>USI, Inc.</name>
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          <isin value="US90351NAN57"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp.</title>
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          <isin value="US049560AL95"/>
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        <balance>565000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-15</maturityDt>
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      <invstOrSec>
        <name>Massachusetts Electric Co.</name>
        <lei>549300XN8GZY5U5O1B96</lei>
        <title>Massachusetts Electric Co.</title>
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          <isin value="US575634AS94"/>
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        <balance>960000.00000000</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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          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA ACES, Series 2020-M50, Class A2</title>
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          <isin value="US3136BCGS30"/>
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        <curCd>USD</curCd>
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          <maturityDt>2030-10-25</maturityDt>
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        <name>Progress Residential Trust</name>
        <lei>N/A</lei>
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        <name>Macy's Retail Holdings LLC</name>
        <lei>N/A</lei>
        <title>Macy's Retail Holdings LLC</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>Citibank NA</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>Citibank NA</title>
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      <invstOrSec>
        <name>American General Mortgage Loan Trust</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Carvana Auto Receivables Trust</name>
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        <name>Dominican Republic</name>
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        <name>ACC Claims Holdings LLC</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>Entergy Arkansas LLC</name>
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        <name>AMSR Trust</name>
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        <name>High Street Funding Trust I</name>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <valUSD>20829650.68000000</valUSD>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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        <name>UDR, Inc.</name>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>FHLMC</name>
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        <name>Flagship Credit Auto Trust</name>
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        <name>GNMA</name>
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        <name>FREMF 2020-K122 Mortgage Trust</name>
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        <name>HERO Funding</name>
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        <invCountry>KY</invCountry>
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        <name>Energy Transfer LP</name>
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        <name>Hilton Grand Vacations Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Progress Residential Trust</name>
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        <name>AMSR Trust</name>
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      <invstOrSec>
        <name>Washington Mutual MSC Mortgage Pass-Through Certificates Trust</name>
        <lei>N/A</lei>
        <title>Washington Mutual MSC Mortgage Pass-Through Certificates Trust, Series 2004-RA1, Class 2A</title>
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        <name>Alameda County Joint Powers Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Campbell Soup Co.</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
        <title>Campbell Soup Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140EXJP9</cusip>
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        <balance>415110.36000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>PG&amp;E Recovery Funding LLC</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Adient Global Holdings Ltd.</name>
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        <name>FNMA</name>
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          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Conair Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>MASTR Asset Securitization Trust</name>
        <lei>N/A</lei>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2019-07-25</maturityDt>
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      <invstOrSec>
        <name>Ventas Realty LP</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
        <title>Ventas Realty LP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Baltimore Gas and Electric Co.</name>
        <lei>88V8C2WYSOD1SPSSLH72</lei>
        <title>Baltimore Gas and Electric Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CAH43"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>0.50000000</annualizedRt>
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        <name>Chart Industries, Inc.</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>Chart Industries, Inc.</title>
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        <name>Bank of New York Mellon Corp. (The)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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        <name>Duke Energy Indiana LLC</name>
        <lei>6URPHM2EAWGJ2C6ISB97</lei>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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        <name>Arbor Realty Trust, Inc.</name>
        <lei>549300ASFUWYQO0RW077</lei>
        <title>Arbor Realty Trust, Inc., Series QIB</title>
        <cusip>038923AQ1</cusip>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Federal Republic of Nigeria</title>
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        <balance>3800000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.74700000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140FUHZ4</cusip>
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        <balance>514733.58000000</balance>
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        <name>GNMA</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>FHLMC Pool</name>
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        <name>Santander UK Group Holdings plc</name>
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        <name>FHLMC Pool</name>
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        <name>United States of America</name>
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        <name>Progress Residential Trust</name>
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        <name>FNMA</name>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>FRR Re-REMIC Trust</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>3617KJP73</cusip>
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          <isin value="US3617KJP738"/>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
        <cusip>472319AC6</cusip>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
        <cusip>38141GXM1</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.09300000</annualizedRt>
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        <name>Alliant Energy Finance LLC</name>
        <lei>54930033ER6EOI5DL570</lei>
        <title>Alliant Energy Finance LLC</title>
        <cusip>01882YAF3</cusip>
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          <isin value="US01882YAF34"/>
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        <balance>1850000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marvell Technology, Inc.</name>
        <lei>N/A</lei>
        <title>Marvell Technology, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
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      <invstOrSec>
        <name>Trinseo Materials Operating SCA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
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      <invstOrSec>
        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>iHeartCommunications, Inc.</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Westgate Resorts LLC</name>
        <lei>N/A</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <couponKind>Fixed</couponKind>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <name>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
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        <invCountry>CO</invCountry>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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        <name>Asurion LLC</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC, 1st Lien Term Loan B-11</title>
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        <name>CVS Pass-Through Trust</name>
        <lei>N/A</lei>
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          <isin value="US126659AA96"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>RCO VI Mortgage LLC</name>
        <lei>N/A</lei>
        <title>RCO VI Mortgage LLC, Series 2022-1, Class A1</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-25</maturityDt>
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        <name>Ritchie Bros Holdings, Inc.</name>
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        <name>Medline Borrower LP</name>
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        <name>FNMA</name>
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        <name>William Carter Co. (The)</name>
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        <name>FNMA</name>
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        <name>Six Flags Entertainment Corp.</name>
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        <name>Truist Financial Corp.</name>
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        <name>Mead Johnson Nutrition Co.</name>
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        <name>Oracle Corp.</name>
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        <name>FirstKey Homes Trust</name>
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        <name>Evergy Missouri West Storm Funding I LLC</name>
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        <name>FRR Re-REMIC Trust</name>
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        <name>Energy Transfer LP</name>
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        <name>Roche Holdings, Inc.</name>
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        <name>FREMF Mortgage Trust</name>
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        <name>Boeing Co. (The)</name>
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        <name>BPCE SA</name>
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        <name>HINNT LLC</name>
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        <name>Areit Frn</name>
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        <name>COOF Securitization Trust Ltd.</name>
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        <name>WaMu Mortgage Pass-Through Certificates Trust</name>
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        <name>TransCanada PipeLines Ltd.</name>
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        <name>Bank of America Corp.</name>
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        <name>Petronas Capital Ltd.</name>
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        <name>Prime Mortgage Trust</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>AMSR Trust</name>
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        <name>United States of America</name>
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        <name>Duke Energy Florida LLC</name>
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        <name>FirstKey Homes Trust</name>
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      <invstOrSec>
        <name>Metropolitan Life Insurance Co.</name>
        <lei>549300H7EXFMRS487544</lei>
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        <name>Claire's Stores, Inc.</name>
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        <name>GNMA</name>
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        <name>Altice France SA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
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        <name>Realty Income Corp.</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp.</title>
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        <name>Global Infrastructure Solutions, Inc.</name>
        <lei>2549003BGLQITAJ6ZT28</lei>
        <title>Global Infrastructure Solutions, Inc.</title>
        <cusip>37960XAA5</cusip>
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      <invstOrSec>
        <name>Realty Income Corp.</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp.</title>
        <cusip>756109CE2</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-02-15</maturityDt>
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      <invstOrSec>
        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ontario Teachers' Cadillac Fairview Properties Trust</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
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          <isin value="US110122EK02"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3138Y63A03"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Mount Sinai Hospital (The)</name>
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        <name>Public Service Enterprise Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PHH Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ON Semiconductor Corp.</name>
        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
        <title>ON Semiconductor Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
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        <cusip>30306PBA9</cusip>
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          <isin value="US30306PBA93"/>
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        <name>Standard Chartered plc</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cascade Funding Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cascade Funding Mortgage Trust, Series 2021-FRR1, Class CK54</title>
        <cusip>12529YAS1</cusip>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <name>Organon &amp; Co.</name>
        <lei>N/A</lei>
        <title>Organon &amp; Co.</title>
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      <invstOrSec>
        <name>Sierra Timeshare Receivables Funding LLC</name>
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          <annualizedRt>9.80000000</annualizedRt>
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        <name>Seagate HDD Cayman</name>
        <lei>529900BD50TRWEG1SF63</lei>
        <title>Seagate HDD Cayman</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
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        <name>Credit Acceptance Auto Loan Trust</name>
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        <name>Dell International LLC</name>
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        <name>GNMA</name>
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        <name>Diamond Foreign Asset Co.</name>
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        <name>GNMA</name>
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        <name>FHLMC Multi-Family Structured Credit Risk</name>
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        <name>Entergy Texas, Inc.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Lithia Motors, Inc.</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>Lithia Motors, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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          <isin value="US89788MAN20"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3138LDLB7</cusip>
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          <isin value="US3138LDLB78"/>
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        <balance>3882979.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.81000000</annualizedRt>
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      <invstOrSec>
        <name>PacifiCorp</name>
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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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          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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      <invstOrSec>
        <name>Bridge Trust</name>
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          <isin value="US10806DAL01"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-17</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>FirstKey Homes Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140JHN66</cusip>
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          <isin value="US3140JHN666"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TransDigm, Inc.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>GFL Environmental, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>Romania</name>
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        <title>Romania Government Bond</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Hilcorp Energy I LP</name>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2021-H10, Class AF</title>
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      <invstOrSec>
        <name>Simon Property Group LP</name>
        <lei>MR92GTD0MJTTTTQDVG45</lei>
        <title>Simon Property Group LP</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JPMorgan Mortgage Trust, Series 2006-A2, Class 4A1</title>
        <cusip>466247K51</cusip>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>UniCredit SpA</name>
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        <name>FNMA</name>
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        <name>Boeing Co. (The)</name>
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        <name>GNMA</name>
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        <name>GNMA</name>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>RTX Corp.</name>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>FNMA</name>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>FNMA</name>
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        <name>American Airlines, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FHLMC Pool</name>
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          <isin value="US3132DVMB89"/>
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        <name>Mid-America Apartments LP</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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          <isin value="US38141GB375"/>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>JPMorgan Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US466247JX24"/>
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          <maturityDt>2019-12-25</maturityDt>
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        <name>Mid-State Capital Corp. Trust</name>
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      <invstOrSec>
        <name>Mid-State Capital Corp. Trust</name>
        <lei>N/A</lei>
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          <isin value="US59548PAC32"/>
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          <maturityDt>2040-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Memorial Sloan-Kettering Cancer Center</name>
        <lei>549300IZ71UAMEHWL382</lei>
        <title>Memorial Sloan-Kettering Cancer Center, Series 2015</title>
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          <isin value="US586054AC25"/>
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          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CEE75"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>Ultimate Software Group</name>
        <lei>529900FKHWSTQ1GXK240</lei>
        <title>Ultimate Software Group, 1st Lien Term Loan B</title>
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          <isin value="US89841EAB11"/>
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        <name>Carnival Holdings Bermuda Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>BM</invCountry>

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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140QEXT4</cusip>
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          <isin value="US3140QEXT41"/>
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        <issuerCat>USGSE</issuerCat>
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          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>P2</name>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>Alabama Power Co.</name>
        <lei>0RL818ELFOHP5JHOFU19</lei>
        <title>Alabama Power Co.</title>
        <cusip>010392EZ7</cusip>
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        <balance>865000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Life Global Funding</name>
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        <name>Athene Global Funding</name>
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        <name>FNMA</name>
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        <name>FMC GMSR Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Columbia Pipelines Operating Co. LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
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        <cusip>30306WAQ0</cusip>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>SCF Equipment Leasing LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
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        <name>Air Canada Pass-Through Trust</name>
        <lei>N/A</lei>
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        <cusip>009089AA1</cusip>
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          <isin value="US009089AA11"/>
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        <invCountry>CA</invCountry>
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        <name>Banco Nacional de Comercio Exterior SNC</name>
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        <invCountry>MX</invCountry>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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        <name>Civitas Resources, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Civitas Resources, Inc.</title>
        <cusip>17888HAC7</cusip>
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        <name>AMSR Trust</name>
        <lei>N/A</lei>
        <title>AMSR Trust, Series 2020-SFR1, Class H</title>
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        <balance>5824469.00000000</balance>
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      <invstOrSec>
        <name>Civitas Resources, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Civitas Resources, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-25</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Caliber Collision</name>
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          <isin value="US93369PAL85"/>
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        <curCd>USD</curCd>
        <valUSD>3703071.00000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-30</maturityDt>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-17</maturityDt>
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        <name>Citigroup, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Sunoco LP</name>
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        <name>GNMA</name>
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        <name>Tricon American Homes Trust</name>
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        <name>Oportun Issuance Trust</name>
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        <name>Barclays plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Amgen, Inc.</name>
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        <name>HSBC Holdings plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Baytex Energy Corp.</name>
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        <title>Baytex Energy Corp.</title>
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        <invCountry>CA</invCountry>
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        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
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        <invCountry>LR</invCountry>

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        <name>ACC Trust</name>
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        <cusip>00091HAC6</cusip>
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        <name>Bombardier, Inc.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>Bombardier, Inc.</title>
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        <name>JPMorgan U.S. Government Money Market Fund</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 20 Year</title>
        <cusip>3140J76C4</cusip>
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        <balance>4847513.84000000</balance>
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        <valUSD>4786203.55000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>EnLink Midstream Partners LP</name>
        <lei>88CPW63VL7KHJWS0NY83</lei>
        <title>EnLink Midstream Partners LP</title>
        <cusip>29336UAC1</cusip>
        <identifiers>
          <isin value="US29336UAC18"/>
        </identifiers>
        <balance>2344000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2215709.13000000</valUSD>
        <pctVal>0.010370729522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>31418EBS8</cusip>
        <identifiers>
          <isin value="US31418EBS81"/>
        </identifiers>
        <balance>90722883.74000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77642436.59000000</valUSD>
        <pctVal>0.363409031657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</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>Hillenbrand, Inc.</name>
        <lei>U246OE781574J2BUD366</lei>
        <title>Hillenbrand, Inc.</title>
        <cusip>431571AF5</cusip>
        <identifiers>
          <isin value="US431571AF58"/>
        </identifiers>
        <balance>1255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1270920.93000000</valUSD>
        <pctVal>0.005948604458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust II</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
