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        <fairValLevel>2</fairValLevel>
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        <name>OSCAR US Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Retail Auto Lease Trust</name>
        <lei>N/A</lei>
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          <isin value="US80285AAL98"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>West CLO Ltd</name>
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          <isin value="US95168QAR11"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allergan Funding SCS</name>
        <lei>222100FLFVOSKCBCAR54</lei>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Roper Technologies Inc</name>
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        <title>Roper Technologies Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-15</maturityDt>
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      <invstOrSec>
        <name>UBS Group Funding Switzerland AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group Funding Switzerland AG</title>
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          <isin value="US90352JAA16"/>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
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          <isin value="US90278KBB61"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dexia Credit Local SA</name>
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        <balance>580000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Cenovus Energy Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chesapeake Funding II LLC</name>
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        <name>DT Auto Owner Trust</name>
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        <name>SUMITOMO MTSU BKG CORP</name>
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        <name>OCP CLO Ltd</name>
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        <name>United States Treasury</name>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
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        <title>Exeter Automobile Receivables Trust 2018-1</title>
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        <name>Shelter Growth CRE</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Harley-Davidson Financial Services Inc</name>
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        <name>VOLKSWAGEN GROUP AMERICA</name>
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        <name>Sierra Receivables Funding Co LLC</name>
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      <invstOrSec>
        <name>LoanCore 2018-CRE1 Issuer Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SPS Servicer Advance Receivables Trust</name>
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          <maturityDt>2051-10-15</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
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      <invstOrSec>
        <name>EXXON MOBIL CORP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-11-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Loomis Sayles Ltd</name>
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        <balance>1283932.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1278224.92000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <name>BBVA USA</name>
        <lei>C90VT034M03BN29IRA40</lei>
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        <name>United States Small Business Administration</name>
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        <title>United States Small Business Administration</title>
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        <issuerCat>USGA</issuerCat>
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          <maturityDt>2021-07-01</maturityDt>
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        <name>Nationstar HECM Loan Trust</name>
        <lei>N/A</lei>
        <title>Nationstar HECM Loan Trust 2018-2</title>
        <cusip>63862TAB7</cusip>
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        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
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          <maturityDt>2019-11-15</maturityDt>
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        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
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        <invCountry>GB</invCountry>
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          <maturityDt>2023-02-15</maturityDt>
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        <name>E*TRADE Financial Corp</name>
        <lei>549300LYE2HSVYJFJD24</lei>
        <title>E*TRADE Financial Corp</title>
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      <invstOrSec>
        <name>COLGATE PALMOLIVE CO</name>
        <lei>YMEGZFW4SBUSS5BQXF88</lei>
        <title>COLGATE PALMOLIVE CO</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-11-05</maturityDt>
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      <invstOrSec>
        <name>Dell International LLC / EMC Corp</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-06-15</maturityDt>
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          <annualizedRt>4.42000000</annualizedRt>
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      <invstOrSec>
        <name>3M CO</name>
        <lei>N/A</lei>
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        <name>Veros Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <name>United Technologies Corp</name>
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      <invstOrSec>
        <name>Arbor Realty Commercial Real Estate Notes Ltd</name>
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      <invstOrSec>
        <name>AmeriCredit Automobile Receivables Trust</name>
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        <name>Adani Ports &amp; Special Economic Zone Ltd</name>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Molex Electronic Technologies LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Celgene Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SBA Tower Trust</name>
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        <name>Cutwater Ltd</name>
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        <name>Shackleton CLO LTD</name>
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        <name>Navistar Financial Dealer Note Master Trust</name>
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        <name>OneMain Financial Issuance Trust</name>
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        <name>The Bancorp Commercial Mortgage Trust</name>
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        <name>Freddie Mac</name>
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        <name>NextGear Floorplan Master Owner Trust</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>JP Morgan Chase Commercial Mortgage Securities Trust</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3</title>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>UniCredit SpA</name>
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        <name>CD Commercial Mortgage Trust</name>
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        <name>Harley-Davidson Financial Services Inc</name>
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      <invstOrSec>
        <name>The Bancorp Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invitation Homes Trust</name>
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      <invstOrSec>
        <name>Thacher Park CLO</name>
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      <invstOrSec>
        <name>NatWest Markets PLC</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
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        <name>Emera US Finance LP</name>
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      <invstOrSec>
        <name>WEC Energy Group Inc</name>
        <lei>549300IGLYTZUK3PVP70</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freedom Financial</name>
        <lei>N/A</lei>
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        <name>Magnetite CLO Ltd</name>
        <lei>549300Z3WHVYABE20I45</lei>
        <title>Magnetite XVI Ltd</title>
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        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>Invitation Homes Trust</name>
        <lei>N/A</lei>
        <title>Invitation Homes 2018-SFR2 Trust</title>
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        <name>Marathon Petroleum Corp</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Starwood Waypoint Homes Trust</name>
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        <name>Glencore Funding LLC</name>
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        <name>Invitation Homes Trust</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Merrill Lynch &amp; Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APPLE INC</name>
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      <invstOrSec>
        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
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        <name>Credit Suisse Group Funding Guernsey Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOEING CO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>Long: TR10871   TRS USD R V 03MTBILL USB3MTA +15.00 BPS/TR10871R / Short: TR10871   TRS USD P E BCOMLHTR/TR10871P</title>
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      <invstOrSec>
        <name>NextGear Floorplan Master Owner Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3138ERQS2</cusip>
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          <isin value="US3138ERQS28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago Board Of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US 2YR NOTE (CBT) DEC19 XCBT 20191231</title>
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          <other otherDesc="Internal Identifier" value="ADI19VKG6"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KeyBank NA/Cleveland OH</name>
        <lei>HUX2X73FUCYHUVH1BK78</lei>
        <title>KeyBank NA/Cleveland OH</title>
        <cusip>49327M2X1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Avery Point CLO Ltd</name>
        <lei>549300RWY6OWBAXCT467</lei>
        <title>Avery Point IV CLO Ltd</title>
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          <isin value="US05363UAW36"/>
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        <name>TICP CLO Ltd</name>
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        <name>MITSUBISHI UFJ FIN GRP</name>
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        <title>Mitsubishi UFJ Financial Group Inc</title>
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        <name>J.P. Morgan Securities LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>Long: TR10736   TRS USD R E BCOMF3T/TR10736R / Short: TR10736   TRS USD P V 03MTBILL  USB3MTA +11 BPS/TR10736</title>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>Grand Avenue CRE 2019-FL1 Ltd.</name>
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        <name>Merrill Lynch &amp; Co., Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NextGear Floorplan Master Owner Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tricon American Homes Trust</name>
        <lei>N/A</lei>
        <title>Tricon American Homes 2016-SFR1 Trust</title>
        <cusip>89613BAA5</cusip>
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          <isin value="US89613BAA52"/>
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        <balance>1099653.18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1099420.49000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-17</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>FED HOME LN DISCOUNT NT</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Bank Discount Notes</title>
        <cusip>313384NS4</cusip>
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          <isin value="US313384NS48"/>
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        <balance>12281000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12281000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-11-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LAS VEGAS SANDS CORP</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>Las Vegas Sands Corp</title>
        <cusip>517834AG2</cusip>
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          <isin value="US517834AG23"/>
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        <balance>1585000.00000000</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>
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          <maturityDt>2024-08-08</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hertz Fleet Lease Funding LP</name>
        <lei>549300FESQ105M6ZTE59</lei>
        <title>Hertz Fleet Lease Funding LP</title>
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          <isin value="US428041BF30"/>
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        <balance>495000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-10</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <title>Long: TR10831   TRS USD R E BCOMGCTR/TR10831R / Short: TR10831   TRS USD P V 03MTBILL USB3MTA +7.00 BPS /TR10831P</title>
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        <fairValLevel>2</fairValLevel>
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                <indexName>Bloomberg Gold Subindex Total Return</indexName>
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      <invstOrSec>
        <name>BANK OF MONTREAL-</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>BANK OF MONTREAL-</title>
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          <other otherDesc="CUSIP" value="06366HYC5"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-11-12</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
        <cusip>05583JAF9</cusip>
        <identifiers>
          <isin value="US05583JAF93"/>
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        <balance>1193000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1260120.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-12</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>GMF Floorplan Owner Revolving Trust</name>
        <lei>N/A</lei>
        <title>GMF Floorplan Owner Revolving Trust</title>
        <cusip>361886CA0</cusip>
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          <isin value="US361886CA01"/>
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        <balance>1172000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1189820.85000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank NV</title>
        <cusip>00084DAQ3</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <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>
        <cusip>65339KBF6</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <name>Flagship CLO</name>
        <lei>N/A</lei>
        <title>Flagship CLO VIII Ltd</title>
        <cusip>338422AS7</cusip>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NBCUniversal Media LLC</name>
        <lei>VTBDOQJ6KOGQ6K786R46</lei>
        <title>NBCUniversal Media LLC</title>
        <cusip>63946BAE0</cusip>
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          <isin value="US63946BAE02"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-01</maturityDt>
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          <annualizedRt>4.38000000</annualizedRt>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc</title>
        <cusip>606822AA2</cusip>
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          <isin value="US606822AA24"/>
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        <valUSD>454269.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd</title>
        <cusip>05401AAE1</cusip>
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        <balance>1818000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1855814.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-05-01</maturityDt>
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      <invstOrSec>
        <name>Indian Oil Corp Ltd</name>
        <lei>335800J8OBWE4VFUDG88</lei>
        <title>Indian Oil Corp Ltd</title>
        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>American Express Co</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co</title>
        <cusip>025816BY4</cusip>
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        <balance>1473000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1523849.20000000</valUSD>
        <pctVal>0.243440775959</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TICP CLO Ltd</name>
        <lei>N/A</lei>
        <title>TICP CLO III-2 Ltd</title>
        <cusip>87249FAE4</cusip>
        <identifiers>
          <isin value="US87249FAE43"/>
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        <balance>681356.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>677143.18000000</valUSD>
        <pctVal>0.108176229757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.32000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Century Housing Corp</name>
        <lei>549300VS3H1EH9Z2PW94</lei>
        <title>Century Housing Corp</title>
        <cusip>156549AB3</cusip>
        <identifiers>
          <isin value="US156549AB39"/>
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        <balance>691000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>708249.00000000</valUSD>
        <pctVal>0.113145504248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLP Capital LP / GLP Financing II Inc</name>
        <lei>5493006GWRDBCZYWTM57</lei>
        <title>GLP Capital LP / GLP Financing II Inc</title>
        <cusip>361841AF6</cusip>
        <identifiers>
          <isin value="US361841AF69"/>
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        <balance>1405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1526111.00000000</valUSD>
        <pctVal>0.243802107216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.38000000</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>Constellation Brands Inc</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands Inc</title>
        <cusip>21036PBA5</cusip>
        <identifiers>
          <isin value="US21036PBA57"/>
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        <balance>739000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>739056.37000000</valUSD>
        <pctVal>0.118067100203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.86000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RECKITT BENCKISER TSY</name>
        <lei>213800LAXWIUOOBZ3908</lei>
        <title>Reckitt Benckiser Treasury Services PLC</title>
        <cusip>75625QAC3</cusip>
        <identifiers>
          <isin value="US75625QAC33"/>
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        <balance>2414000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2430578.53000000</valUSD>
        <pctVal>0.388294277001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.38000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BMW US Capital LLC</name>
        <lei>KK5MZM9DIXLXZL9DZL15</lei>
        <title>BMW US Capital LLC</title>
        <cusip>05565EAU9</cusip>
        <identifiers>
          <isin value="US05565EAU91"/>
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        <balance>1639000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1667193.05000000</valUSD>
        <pctVal>0.266340507818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</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>Conagra Brands Inc</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands Inc</title>
        <cusip>205887BX9</cusip>
        <identifiers>
          <isin value="US205887BX94"/>
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        <balance>742000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>742059.36000000</valUSD>
        <pctVal>0.118546839415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.70000000</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>Neuberger Berman CLO Ltd</name>
        <lei>549300NPF57YF6WBDP72</lei>
        <title>Neuberger Berman CLO XX Ltd</title>
        <cusip>64130TAS4</cusip>
        <identifiers>
          <isin value="US64130TAS42"/>
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        <balance>2729000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2660543.74000000</valUSD>
        <pctVal>0.425032104580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Moody's Corp</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>Moody's Corp</title>
        <cusip>615369AN5</cusip>
        <identifiers>
          <isin value="US615369AN52"/>
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        <balance>1266000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1290091.54000000</valUSD>
        <pctVal>0.206097089893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</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>
      <invstOrSec>
        <name>ALM Loan Funding</name>
        <lei>N/A</lei>
        <title>ALM XII Ltd</title>
        <cusip>00164MDW0</cusip>
        <identifiers>
          <isin value="US00164MDW01"/>
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        <balance>2726878.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2707597.31000000</valUSD>
        <pctVal>0.432549093527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>912828XE5</cusip>
        <identifiers>
          <isin value="US912828XE52"/>
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        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14988281.25000000</valUSD>
        <pctVal>2.394435629063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</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>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>9128284C1</cusip>
        <identifiers>
          <isin value="US9128284C19"/>
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        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15039257.85000000</valUSD>
        <pctVal>2.402579337154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</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>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>Long: TR10825   TRS USD R V 03MTBILL USB3MTA +2.0 BPS/TR10825R / Short: TR10825   TRS USD P E BCOMMALTR/TR10825P</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="99S19J406"/>
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        <balance>4709671.03000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-104731.63000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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              <indexBasketInfo>
                <indexName>Bloomberg Aluminum Subindex Total Return Index</indexName>
                <indexIdentifier>BCOMALTR Index</indexIdentifier>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>American Tower Corp</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp</title>
        <cusip>03027XAQ3</cusip>
        <identifiers>
          <isin value="US03027XAQ34"/>
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        <balance>1462000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1501724.12000000</valUSD>
        <pctVal>0.239906209256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance LLC</title>
        <cusip>928668AN2</cusip>
        <identifiers>
          <isin value="US928668AN24"/>
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        <balance>1177000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1198379.55000000</valUSD>
        <pctVal>0.191445746433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.88000000</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>Crown Castle International Corp</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle International Corp</title>
        <cusip>22822VAA9</cusip>
        <identifiers>
          <isin value="US22822VAA98"/>
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        <balance>610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>620102.02000000</valUSD>
        <pctVal>0.099063684859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>Interpublic Group of Cos Inc/The</name>
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        <lei>ZBUT11V806EZRVTWT807</lei>
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        <name>Time Warner Cable LLC</name>
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        <name>MFS Institutional Money Market Portfolio</name>
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        <name>DT Auto Owner Trust</name>
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        <name>Dell Equipment Finance Trust</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>Verizon Owner Trust</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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                <indexName>Bloomberg WTI Crude Oil TR Index</indexName>
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        <name>UniCredit SpA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit SpA</title>
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        <name>Discover Bank</name>
        <lei>X05BVSK68TQ7YTOSNR22</lei>
        <title>Discover Bank</title>
        <cusip>25466AAG6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Gold Pool</title>
        <cusip>3128PRZ51</cusip>
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        <name>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
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        <name>Allergan Funding SCS</name>
        <lei>222100FLFVOSKCBCAR54</lei>
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        <invCountry>LU</invCountry>

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        <name>Wabtec Corp</name>
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        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Comcast Corp</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Enel Finance International NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
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      <invstOrSec>
        <name>The Bancorp Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Bancorp Commercial Mortgage 2019-CRE6 Trust</title>
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        <name>J.P. Morgan Securities LLC</name>
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        <name>MERCK &amp; CO. INC</name>
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        <name>Mountain Hawk CLO Ltd</name>
        <lei>549300LQ6MVS0NGUT623</lei>
        <title>Mountain Hawk III CLO Ltd</title>
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        <name>AREIT CRE Trust</name>
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        <name>Becton Dickinson and Co</name>
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        <name>WEC Energy Group Inc</name>
        <lei>549300IGLYTZUK3PVP70</lei>
        <title>WEC Energy Group Inc</title>
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        <name>TPG Real Estate Finance</name>
        <lei>N/A</lei>
        <title>TPG Real Estate Finance 2018-FL2 Issuer LTD</title>
        <cusip>87275QAC1</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc</title>
        <cusip>606822AW4</cusip>
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          <isin value="US606822AW44"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Ballyrock Ltd</name>
        <lei>N/A</lei>
        <title>Ballyrock CLO 2018-1 Ltd</title>
        <cusip>05875HAC7</cusip>
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          <isin value="US05875HAC79"/>
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        <balance>1368365.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1314200.89000000</valUSD>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>OSCAR US Funding Trust</name>
        <lei>N/A</lei>
        <title>OSCAR US Funding Trust IX LLC</title>
        <cusip>68784XAD8</cusip>
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          <isin value="US68784XAD84"/>
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        <balance>820000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TTX Co</name>
        <lei>549300I8CNSYS1OGX775</lei>
        <title>TTX Co</title>
        <cusip>87305QCK5</cusip>
        <identifiers>
          <isin value="US87305QCK58"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2408872.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zimmer Biomet Holdings Inc</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>Zimmer Biomet Holdings Inc</title>
        <cusip>98956PAK8</cusip>
        <identifiers>
          <isin value="US98956PAK84"/>
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        <balance>1894000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1897807.28000000</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>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Credit Co LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
        <cusip>345397ZK2</cusip>
        <identifiers>
          <isin value="US345397ZK23"/>
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        <balance>984000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1010377.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-07</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Bristol-Myers Squibb Co</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co</title>
        <cusip>110122CF3</cusip>
        <identifiers>
          <isin value="US110122CF35"/>
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        <balance>421000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>421420.89000000</valUSD>
        <pctVal>0.067323609493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Securities LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>Long: TR10728   TRS USD R E BCOMF3T/TR10728R / Short: TR10728   TRS USD P V 03MTBILL USB3MTA +11.00 BPS/TR10728P</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="99S154WC6"/>
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        <balance>15196264.38000000</balance>
        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>273441.48000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>J.P. Morgan Securities LLC</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Bloomberg Commodity Index 3 Month Forward Total Return</indexName>
                <indexIdentifier>BCOMF3T Index</indexIdentifier>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="US Treasury Bill 3 Months" floatingRtSpread="0.11000000" pmntAmt="0.00000000">
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Securities LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>Long: TR10870   TRS USD R E SPGCCCTR/TR10870R / Short: TR10870   TRS USD P V 03MTBILL USB3MTA +9.00 BPS /TR10870P</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="99S1AX6F8"/>
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        <balance>7920381.36000000</balance>
        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>-128085.23000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <indexBasketInfo>
                <indexName>S&amp;P GSCI Cocoa TR Index</indexName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>N/A</lei>
        <title>Freddie Mac Gold Pool</title>
        <cusip>3128PRZ69</cusip>
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          <isin value="US3128PRZ695"/>
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        <balance>35490.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37013.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MICROCHIP TECHNOLOGY INC</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>Microchip Technology Inc</title>
        <cusip>595017AN4</cusip>
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          <isin value="US595017AN45"/>
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        <balance>2558000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>912828X47</cusip>
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          <isin value="US912828X471"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>Long: SM10868   IRS USD R F  1.57080 SM10868_FIX CCPVANILLA / Short: SM10868   IRS USD P V 01MLIBOR SM10868_FLO CCPVANILLA</title>
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        <name>Mountain Hawk CLO Ltd</name>
        <lei>549300X4VFRMZJ7T1U89</lei>
        <title>Mountain Hawk II CLO Ltd</title>
        <cusip>62405TAU1</cusip>
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          <isin value="US62405TAU16"/>
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        <balance>1809670.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
        <cusip>55336VAQ3</cusip>
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        <name>J.P. Morgan Securities LLC</name>
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        <name>DT Auto Owner Trust</name>
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        <name>J.P. Morgan Securities LLC</name>
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        <name>BBVA USA</name>
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        <name>SPS Servicer Advance Receivables Trust</name>
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        <title>SPS Servicer Advance Receivables Trust Advance Receivables Backed Notes 2019-T1</title>
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      <invstOrSec>
        <name>Fox Corp</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp</title>
        <cusip>35137LAA3</cusip>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Chesapeake Funding II LLC</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
        <title>Chesapeake Funding II LLC</title>
        <cusip>165183AT1</cusip>
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        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300VBBLOSKH8XQ869</lei>
        <title>Neuberger Berman CLO XXI Ltd</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>Long: TR10852   TRS USD R E BCOMNITR/TR10852R / Short: TR10852   TRS USD P V 03MTBILL USB3MTA +10.00 BPS/TR10852P</title>
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        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>Merrill Lynch &amp; Co., Inc.</name>
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                <indexName>Bloomberg Coffee Subindex Total Return</indexName>
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      <invstOrSec>
        <name>J.P. Morgan Securities LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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        <name>J.P. Morgan Securities LLC</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Citibank, National Association</name>
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        <name>Navistar Financial Dealer Note Master Owner Trust II</name>
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        <name>Cenovus Energy Inc</name>
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        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
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        <name>Conagra Brands Inc</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Royal Caribbean Cruises Ltd</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>APPLE INC</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-11-06</maturityDt>
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        <name>Allegro CLO Ltd</name>
        <lei>635400R1GOVCHJ4SNX58</lei>
        <title>Allegro CLO II-S Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Crown Castle International Corp</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle International Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Wabtec Corp</name>
        <lei>06BTX5UWZD0GQ5N5Y745</lei>
        <title>Wabtec Corp</title>
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        <name>UBS Group Funding Switzerland AG</name>
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        <title>UBS Group Funding Switzerland AG</title>
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        <name>Broadcom Inc</name>
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        <title>Broadcom Inc</title>
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        <name>DLL Securitization Trust</name>
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        <name>Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated</name>
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        <name>KREF 2018--FL1 Ltd.</name>
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        <title>KREF 2018-FL1 Ltd</title>
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        <name>Hertz Fleet Lease Funding LP</name>
        <lei>549300FESQ105M6ZTE59</lei>
        <title>Hertz Fleet Lease Funding LP</title>
        <cusip>428041BE6</cusip>
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          <isin value="US428041BE64"/>
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        <balance>862000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>878518.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-10</maturityDt>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
        <cusip>55336VBG4</cusip>
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          <isin value="US55336VBG41"/>
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        <balance>920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>923696.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-09-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PFS Financing Corp.</name>
        <lei>N/A</lei>
        <title>PFS Financing Corp</title>
        <cusip>69335PDG7</cusip>
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          <isin value="US69335PDG72"/>
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        <balance>1972000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.47000000</annualizedRt>
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      <invstOrSec>
        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc</title>
        <cusip>91324PDC3</cusip>
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          <isin value="US91324PDC32"/>
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        <balance>1775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1778053.85000000</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>2020-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Phillips 66</name>
        <lei>5493005JBO5YSIGK1814</lei>
        <title>Phillips 66</title>
        <cusip>718546AS3</cusip>
        <identifiers>
          <isin value="US718546AS30"/>
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        <balance>839000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>839115.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.73000000</annualizedRt>
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      <invstOrSec>
        <name>Celgene Corp</name>
        <lei>4SIHMF0MOSTTL8CD0X64</lei>
        <title>Celgene Corp</title>
        <cusip>151020AX2</cusip>
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          <isin value="US151020AX24"/>
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        <balance>1297000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1320969.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Merrill Lynch &amp; Co., Inc.</name>
        <lei>DWW559HN8WVTCCS4VJ94</lei>
        <title>Long: TR10848   TRS USD R E BCOMMF3T/TR10848R / Short: TR10848   TRS USD P V 03MTBILL USB3MTA +7.00 BPS /TR10848P</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="99S1ACFC1"/>
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        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>420489.18000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>Merrill Lynch &amp; Co., Inc.</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Bloomberg Commodity Index 3 Month Forward Total Return</indexName>
                <indexIdentifier>BCOMF3T Index</indexIdentifier>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">equity-performance leg</otherRecDesc>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BP Capital Markets PLC</name>
        <lei>549300CRVT18MXX0AG93</lei>
        <title>BP Capital Markets PLC</title>
        <cusip>05565QCT3</cusip>
        <identifiers>
          <isin value="US05565QCT31"/>
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        <balance>806000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>806916.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.52000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Broadcom Corp / Broadcom Cayman Finance Ltd</name>
        <lei>N/A</lei>
        <title>Broadcom Corp / Broadcom Cayman Finance Ltd</title>
        <cusip>11134LAD1</cusip>
        <identifiers>
          <isin value="US11134LAD10"/>
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        <balance>3985000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4036544.26000000</valUSD>
        <pctVal>0.644853484747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel SA</title>
        <cusip>06675FAK3</cusip>
        <identifiers>
          <isin value="US06675FAK30"/>
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        <balance>1854000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1857142.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BXMT LTD</name>
        <lei>N/A</lei>
        <title>BXMT 2017-FL1 Ltd</title>
        <cusip>05607KAA9</cusip>
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          <isin value="US05607KAA97"/>
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        <balance>1271830.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1271828.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
        <cusip>65339KAS9</cusip>
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          <isin value="US65339KAS96"/>
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        <balance>2303000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2320578.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alimentation Couche-Tard Inc</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>Alimentation Couche-Tard Inc</title>
        <cusip>01626PAK2</cusip>
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          <isin value="US01626PAK21"/>
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        <balance>1786000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-13</maturityDt>
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      <invstOrSec>
        <name>Hertz Fleet Lease Funding LP</name>
        <lei>549300FESQ105M6ZTE59</lei>
        <title>Hertz Fleet Lease Funding LP</title>
        <cusip>428041AX5</cusip>
        <identifiers>
          <isin value="US428041AX54"/>
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        <balance>1138901.18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1144050.38000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-10</maturityDt>
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          <annualizedRt>2.13000000</annualizedRt>
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      <invstOrSec>
        <name>Carvana Auto Receivables trust</name>
        <lei>549300PQFD4GEYYTOY78</lei>
        <title>Carvana Auto Receivables Trust 2019-1</title>
        <cusip>146868AD6</cusip>
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          <isin value="US146868AD64"/>
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        <balance>2715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2760352.17000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.29000000</annualizedRt>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd</title>
        <cusip>05401AAF8</cusip>
        <identifiers>
          <isin value="US05401AAF84"/>
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        <balance>1131000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1174204.20000000</valUSD>
        <pctVal>0.187583641204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chesapeake Funding II LLC</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
        <title>Chesapeake Funding II LLC</title>
        <cusip>165183AM6</cusip>
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          <isin value="US165183AM61"/>
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        <balance>832000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841595.62000000</valUSD>
        <pctVal>0.134448140128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3138ERQU7</cusip>
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          <isin value="US3138ERQU73"/>
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        <balance>198589.16000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>N/A</lei>
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        <cusip>3128PR3G2</cusip>
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          <isin value="US3128PR3G29"/>
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        <balance>30395.37000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891AAU1</cusip>
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          <isin value="US44891AAU16"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Credit Co LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
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          <isin value="US345397VR12"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>Citibank, National Association</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>Long: TR10851   TRS USD R E BCOMTR/TR10851R / Short: TR10851   TRS USD P V 03MTBILL USB3MTA +11.00 BPS/TR10851P</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Merrill Lynch &amp; Co., Inc.</name>
        <lei>DWW559HN8WVTCCS4VJ94</lei>
        <title>Long: TR10806   TRS USD R V 03MTBILL USB3MTA/+1 BPS/TR10806R / Short: TR10806   TRS USD P E BCOMSBTR/TR10806P</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Credit Agricole SA/London</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA/London</title>
        <cusip>22535WAC1</cusip>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>761421.88000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Tower Corp</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>Long: TR10850   TRS USD R E BCOMTR/TR10850R / Short: TR10850   TRS USD P V 03MTBILL USB3MTA +9.00 BPS /TR10850P</title>
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        <name>CANADIAN IMPERIAL BK</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CANADIAN IMPERIAL BK</title>
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        <name>J.P. Morgan Securities LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>Long: TR10749   TRS USD R E BCOMTR/TR10749R / Short: TR10749   TRS USD P V 03MTBILL USB3MTA +9 BPS/TR10749</title>
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        <name>J.P. Morgan Securities LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>Long: TR10797   TRS USD R E BCOMF3T/TR10797R / Short: TR10797   TRS USD P V 03MLIBOR US0003M +10 BPS/TR10797P</title>
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        <name>BSPRT 2018-FL4 Issuer, Ltd.</name>
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                      <ticker value="C H0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>3121129.56000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>59093.04000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Lean Hogs Dec 19</othIndName>
                    <identifiers>
                      <ticker value="LHZ9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>359440.69000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>6805.37000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Kansas Wheat</othIndName>
                    <identifiers>
                      <ticker value="KWH0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>564562.86000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>10688.99000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Live Cattle</othIndName>
                    <identifiers>
                      <ticker value="LCG0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>2062904.22000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>39057.43000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Gasoline RBOB</othIndName>
                    <identifiers>
                      <ticker value="XBF0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>1844047.66000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>34913.77000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Cotton Dec 19</othIndName>
                    <identifiers>
                      <ticker value="CTZ9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>232219.24000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>4396.66000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Zinc</othIndName>
                    <identifiers>
                      <ticker value="LXF0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>2209642.41000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>41835.65000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Natural Gas</othIndName>
                    <identifiers>
                      <ticker value="NGF20 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>5488995.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>103924.37000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Soybean Oil</othIndName>
                    <identifiers>
                      <ticker value="BOF0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>2334790.53000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>44205.11000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Gold (100 oz)</othIndName>
                    <identifiers>
                      <ticker value="GCG0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>7334234.85000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>138860.70000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Soybean Meal</othIndName>
                    <identifiers>
                      <ticker value="SMF0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>2271035.70000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>42998.02000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Copper Comex Dec 19</othIndName>
                    <identifiers>
                      <ticker value="HGZ9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>1352246.16000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>25602.38000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Kansas Wheat Dec 19</othIndName>
                    <identifiers>
                      <ticker value="KWZ9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>199411.35000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>3775.50000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Gasoil</othIndName>
                    <identifiers>
                      <ticker value="QSF0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>1878660.95000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>35569.11000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Nickel</othIndName>
                    <identifiers>
                      <ticker value="LNF0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>2808192.93000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>53168.14000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Coffee Dec 19</othIndName>
                    <identifiers>
                      <ticker value="KCZ9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>454131.43000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>8598.17000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Lean Hogs</othIndName>
                    <identifiers>
                      <ticker value="LHG0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>1112286.10000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>21059.16000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Sugar</othIndName>
                    <identifiers>
                      <ticker value="SBH0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>2150698.36000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>40719.65000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Brent Crude Oil</othIndName>
                    <identifiers>
                      <ticker value="COH0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>3793938.31000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>71831.48000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Cotton</othIndName>
                    <identifiers>
                      <ticker value="CTH0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>652701.16000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>12357.74000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Corn Dec 19</othIndName>
                    <identifiers>
                      <ticker value="C Z9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>1110344.06000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>21022.39000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Soybeans</othIndName>
                    <identifiers>
                      <ticker value="S F0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>4208354.93000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>79677.72000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Silver Dec 19</othIndName>
                    <identifiers>
                      <ticker value="SIZ9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>823404.15000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>15589.69000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Heating Oil</othIndName>
                    <identifiers>
                      <ticker value="HOF0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>1577353.63000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>29864.39000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Live Cattle Dec 19</othIndName>
                    <identifiers>
                      <ticker value="LCZ9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>718914.42000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>13611.37000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Wheat Dec 19</othIndName>
                    <identifiers>
                      <ticker value="W Z9 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>571049.21000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>10811.80000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Coffee</othIndName>
                    <identifiers>
                      <ticker value="KCH0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>1291394.85000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>24450.27000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Copper Comex</othIndName>
                    <identifiers>
                      <ticker value="HGH0 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>3730379.74000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>70628.11000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                </components>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">equity-performance leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ICE Libor USD 3 Months" floatingRtSpread="0.13000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2020-06-04</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>72924573.13000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1380697.19000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Effective with this October 31st, 2019 filing, the fund has undergone a methodology change for reporting C.2.c.i - Value. The fund will now be representing a value equal to the unrealized gain/loss for futures contracts. Prior to this filing, the notional value of the position was included in this figure." noteItem="C.2.c"/>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2019-11-19</ncom:dateSigned>
      <ncom:nameOfApplicant>MFS SERIES TRUST XV</ncom:nameOfApplicant>
      <ncom:signature>Kasey Phillips</ncom:signature>
      <ncom:signerName>Kasey Phillips</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
