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        <name>Appvion Operations, Inc.</name>
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        <name>Republic of Belarus</name>
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        <name>DAE Funding LLC</name>
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        <name>Remington Outdoor Co., Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Wells Fargo Mortgage Backed Securities</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>CARLYLE US CLO Ltd.</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Octagon Investment Partners XXIII Ltd.</name>
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        <name>FNMA</name>
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        <name>Octagon Investment Partners 18-R Ltd.</name>
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        <name>DaVita, Inc.</name>
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      <invstOrSec>
        <name>Massachusetts State College Building Authority</name>
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      <invstOrSec>
        <name>Epicor Software Corp.</name>
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        <name>FNMA</name>
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        <name>Ukraine</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cia Securitizadora de Creditos Financeiros Vert-Fintech</name>
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        <name>Berry Global, Inc.</name>
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        <name>GSAA Home Equity Trust</name>
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        <name>N/A</name>
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        <name>HSBC Holdings plc</name>
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        <name>Netflix, Inc.</name>
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        <name>Fifth Third Bancorp</name>
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        <name>K2016470260 South Africa Ltd.</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>CNAC HK Finbridge Co. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Madison Park Funding XXIII Ltd.</name>
        <lei>N/A</lei>
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        <name>Zayo Group Holdings, Inc.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Octagon Investment Partners 35 Ltd.</name>
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        <name>FNMA</name>
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        <name>Madison Park Funding XXVIII Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Coca-Cola Co. (The)</name>
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        <invCountry>US</invCountry>
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        <name>Madison Park Funding XXIX Ltd.</name>
        <lei>N/A</lei>
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        <name>AMMC CLO 15 Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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        <name>Lehman XS Trust</name>
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          <isin value="US525221CB12"/>
          <other otherDesc="Inhouse Asset ID" value="632308"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CIM Trust</name>
        <lei>N/A</lei>
        <title>CIM Trust, Series 2018-INV1, Class A4</title>
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          <isin value="US12553XAD57"/>
          <other otherDesc="Inhouse Asset ID" value="933930"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>General Nutrition Centers, Inc.</name>
        <lei>N/A</lei>
        <title>General Nutrition Centers, Inc., Term Loan</title>
        <cusip>37047QAV1</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1095264"/>
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        <balance>323746.75000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325365.48000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Utex Industries, Inc.</name>
        <lei>N/A</lei>
        <title>Utex Industries, Inc., First Lien Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2006-GG7, Class AJ</title>
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          <isin value="US20173MAH34"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cyanco Intermediate 2 Corp.</name>
        <lei>N/A</lei>
        <title>Cyanco Intermediate 2 Corp., First Lien Term Loan</title>
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          <other otherDesc="Inhouse Asset ID" value="1040639"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ares European CLO VIII BV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lending Club Corp.</name>
        <lei>549300YC50YO7Y1OJR92</lei>
        <title>Lending Club Corp., Marketplace Loan</title>
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          <other otherDesc="Inhouse Asset ID" value="928514"/>
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        <balance>21792627.51000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2014-C04, Class 2M2</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citibank NA</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>Citibank NA</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-19</maturityDt>
          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chevron Corp.</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
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          <isin value="US166764BW97"/>
          <other otherDesc="Inhouse Asset ID" value="1068624"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4692867.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WaMu Mortgage Pass-Through Certificates Trust</name>
        <lei>N/A</lei>
        <title>WaMu Mortgage Pass-Through Certificates Trust, Series 2005-AR8, Class 2A1A</title>
        <cusip>92922FR75</cusip>
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          <isin value="US92922FR759"/>
          <other otherDesc="Inhouse Asset ID" value="545158"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31417JBG4</cusip>
        <identifiers>
          <isin value="US31417JBG40"/>
          <other otherDesc="Inhouse Asset ID" value="498671"/>
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        <balance>19418.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20104.03000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.99099900</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>General Nutrition Centers, Inc.</name>
        <lei>N/A</lei>
        <title>General Nutrition Centers, Inc., Term Loan</title>
        <cusip>37047QAU3</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1087393"/>
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        <balance>323746.75000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325365.48000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>14.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
        <cusip>25152R2V4</cusip>
        <identifiers>
          <isin value="US25152R2V48"/>
          <other otherDesc="Inhouse Asset ID" value="611054"/>
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        <balance>7600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7603684.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.68662900</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dryden 55 CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Dryden 55 CLO Ltd., Series 2018-55A, Class D</title>
        <cusip>26245MAL5</cusip>
        <identifiers>
          <isin value="US26245MAL54"/>
          <other otherDesc="Inhouse Asset ID" value="688653"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266945.62000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.12500200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust, Series 2015-2, Class 2A1</title>
        <cusip>89171YAY7</cusip>
        <identifiers>
          <isin value="US89171YAY77"/>
          <other otherDesc="Inhouse Asset ID" value="671106"/>
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        <balance>338894.86500000</balance>
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        <curCd>USD</curCd>
        <valUSD>342842.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128284S6</cusip>
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          <isin value="US9128284S60"/>
          <other otherDesc="Inhouse Asset ID" value="874945"/>
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        <balance>58000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62303554.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</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>Dryden 70 CLO Ltd.</name>
        <lei>549300S32UW0TE4JM250</lei>
        <title>Dryden 70 CLO Ltd., Series 2018-70A, Class B</title>
        <cusip>26252EAE9</cusip>
        <identifiers>
          <isin value="US26252EAE95"/>
          <other otherDesc="Inhouse Asset ID" value="948441"/>
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        <balance>560580.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545576.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.97088100</annualizedRt>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>CGNPC International Ltd.</name>
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        <invCountry>HK</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>General Nutrition Centers, Inc.</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Discover Card Execution Note Trust</name>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>Harbor Park CLO 18-1 Ltd.</name>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <title>FHLMC Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class M3</title>
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      <invstOrSec>
        <name>B&amp;G Foods, Inc.</name>
        <lei>N/A</lei>
        <title>B&amp;G Foods, Inc., Term Loan B4</title>
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        <name>Riviera Resources, Inc.</name>
        <lei>N/A</lei>
        <title>Riviera Resources, Inc.</title>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
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        <name>Allegiant Travel Co.</name>
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        <name>Dryden 64 CLO Ltd.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>Export-Import Bank of Korea</name>
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        <name>BAMLL Commercial Mortgage Securities Trust</name>
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        <name>FNMA</name>
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        <name>CLUB Certificate Issuer Trust 1</name>
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        <name>FNMA</name>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>OneMain Finance Corp.</name>
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        <lei>549300NZ43V4QV4UGN28</lei>
        <title>Axalta Coating Systems Dutch Holding B BV, Term Loan B3</title>
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      <invstOrSec>
        <name>Ares XLIX CLO Ltd.</name>
        <lei>549300FI9E5EZIMPA581</lei>
        <title>Ares XLIX CLO Ltd., Series 2018-49A, Class C</title>
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          <isin value="US04017JAG67"/>
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        <curCd>USD</curCd>
        <valUSD>2964627.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.20775000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CWABS, Inc.</name>
        <lei>N/A</lei>
        <title>CWABS, Inc., Series 2004-1, Class M1</title>
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          <isin value="US126671Z258"/>
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        <balance>94152.38000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93797.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.92162900</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31411FVW12"/>
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        <balance>48457.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49161.06000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.30400100</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31401GY24</cusip>
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          <isin value="US31401GY240"/>
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        <balance>2495.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2605.23000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.46200100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust, Series 2018-1, Class A1</title>
        <cusip>89176EAA8</cusip>
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          <isin value="US89176EAA82"/>
          <other otherDesc="Inhouse Asset ID" value="684201"/>
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        <balance>2888312.09400000</balance>
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        <curCd>USD</curCd>
        <valUSD>3007048.29000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.99999900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dynasty Acquisition Co., Inc.</name>
        <lei>N/A</lei>
        <title>Dynasty Acquisition Co., Inc., Term Loan B1</title>
        <cusip>26812CAE6</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1042242"/>
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        <balance>768696.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>620936.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.80788000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Baker Hughes a GE Co. LLC / Baker Hughes Co-Obligor, Inc.</name>
        <lei>N/A</lei>
        <title>Baker Hughes a GE Co. LLC / Baker Hughes Co-Obligor, Inc.</title>
        <cusip>05724BAA7</cusip>
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          <isin value="US05724BAA70"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595303.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.48600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Go Daddy Operating Co. LLC</name>
        <lei>5493005GJOH8HLL11157</lei>
        <title>Go Daddy Operating Co. LLC, Term Loan B2</title>
        <cusip>38017BAN6</cusip>
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          <isin value="US38017BAN64"/>
          <other otherDesc="Inhouse Asset ID" value="1012390"/>
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        <balance>668228.97000000</balance>
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        <curCd>USD</curCd>
        <valUSD>652358.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.91113000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31407FYD6</cusip>
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          <other otherDesc="Inhouse Asset ID" value="499768"/>
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        <curCd>USD</curCd>
        <valUSD>72073.72000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <curCd>USD</curCd>
        <valUSD>85527.21000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>2.86800100</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2016-C02, Class 1M2</title>
        <cusip>30711XCB8</cusip>
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          <isin value="US30711XCB82"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31404GL66</cusip>
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        <balance>24463.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24536.62000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70500100</annualizedRt>
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      <invstOrSec>
        <name>Veritas US, Inc.</name>
        <lei>549300RFUWCPWS8FQ104</lei>
        <title>Veritas US, Inc., Term Loan B</title>
        <cusip>G9341JAG5</cusip>
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          <isin value="XAG9341JAG58"/>
          <other otherDesc="Inhouse Asset ID" value="918035"/>
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        <balance>298836.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>287692.12000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31365DE50</cusip>
        <identifiers>
          <isin value="US31365DE501"/>
          <other otherDesc="Inhouse Asset ID" value="564319"/>
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        <balance>3490.84000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3538.59000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.24400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Octagon Investment Partners XVI Ltd.</name>
        <lei>N/A</lei>
        <title>Octagon Investment Partners XVI Ltd., Series 2013-1A, Class CR</title>
        <cusip>67590BAW0</cusip>
        <identifiers>
          <isin value="US67590BAW00"/>
          <other otherDesc="Inhouse Asset ID" value="690153"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2815712.67000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.12288000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31405BD99</cusip>
        <identifiers>
          <isin value="US31405BD998"/>
          <other otherDesc="Inhouse Asset ID" value="571461"/>
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        <balance>40318.98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40499.71000000</valUSD>
        <pctVal>0.001551244782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.08200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pathway Vet Alliance LLC</name>
        <lei>X8NPN6PWJOM1QCTYFV34</lei>
        <title>Pathway Vet Alliance LLC, First Lien Term Loan</title>
        <cusip>70323KAC2</cusip>
        <identifiers>
          <isin value="US70323KAC27"/>
          <other otherDesc="Inhouse Asset ID" value="1086795"/>
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        <balance>914196.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>896626.56000000</valUSD>
        <pctVal>0.034343141534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-25</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>National Mentor Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>National Mentor Holdings, Inc., First Lien Term Loan</title>
        <cusip>63689EAJ4</cusip>
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          <other otherDesc="Inhouse Asset ID" value="960313"/>
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        <balance>369149.91000000</balance>
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        <curCd>USD</curCd>
        <valUSD>362874.36000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Staples, Inc.</name>
        <lei>N/A</lei>
        <title>Staples, Inc., Term Loan B1</title>
        <cusip>855031AQ3</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1038339"/>
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        <balance>485353.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>419830.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.68663000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31385REP1</cusip>
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          <isin value="US31385REP10"/>
          <other otherDesc="Inhouse Asset ID" value="571492"/>
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        <balance>30691.87000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30813.13000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.49999800</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bain Capital Credit CLO</name>
        <lei>N/A</lei>
        <title>Bain Capital Credit CLO, Series 2018-1A, Class A1</title>
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          <isin value="US05683LAA44"/>
          <other otherDesc="Inhouse Asset ID" value="686479"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1957500.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.21550000</annualizedRt>
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      <invstOrSec>
        <name>LCM XXII Ltd.</name>
        <lei>N/A</lei>
        <title>LCM XXII Ltd., Series 22A, Class A2R</title>
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          <isin value="US50189GAG73"/>
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        <balance>8500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8190550.26000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-20</maturityDt>
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          <annualizedRt>1.72175000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31391USA4</cusip>
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          <isin value="US31391USA42"/>
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        <curCd>USD</curCd>
        <valUSD>1292.92000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31370Q6L8</cusip>
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          <isin value="US31370Q6L89"/>
          <other otherDesc="Inhouse Asset ID" value="315409"/>
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        <balance>33507.17000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33741.21000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.13400100</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2015-C01, Class 1M2</title>
        <cusip>30711XAT1</cusip>
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          <isin value="US30711XAT19"/>
          <other otherDesc="Inhouse Asset ID" value="658710"/>
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        <balance>8482027.42500000</balance>
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        <curCd>USD</curCd>
        <valUSD>8605955.78000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.47162800</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31409VAU7</cusip>
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          <isin value="US31409VAU70"/>
          <other otherDesc="Inhouse Asset ID" value="548244"/>
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        <balance>1819.28100000</balance>
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        <curCd>USD</curCd>
        <valUSD>1830.45000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.79000100</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31402HZX2</cusip>
        <identifiers>
          <isin value="US31402HZX24"/>
          <other otherDesc="Inhouse Asset ID" value="561537"/>
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        <balance>506.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510.24000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.74000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman CLO XVI-S Ltd.</name>
        <lei>549300UHUHCR3388B324</lei>
        <title>Neuberger Berman CLO XVI-S Ltd., Series 2017-16SA, Class C</title>
        <cusip>64131TAG9</cusip>
        <identifiers>
          <isin value="US64131TAG94"/>
          <other otherDesc="Inhouse Asset ID" value="681289"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>388892.71000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.87499900</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31403DLF4</cusip>
        <identifiers>
          <isin value="US31403DLF41"/>
          <other otherDesc="Inhouse Asset ID" value="571446"/>
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        <balance>28755.25000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28958.12000000</valUSD>
        <pctVal>0.001109171708</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.78300200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Octagon Investment Partners 26 Ltd.</name>
        <lei>549300ZYOSZSIH0Y3392</lei>
        <title>Octagon Investment Partners 26 Ltd., Series 2016-1A, Class BR</title>
        <cusip>67590YAQ3</cusip>
        <identifiers>
          <isin value="US67590YAQ35"/>
          <other otherDesc="Inhouse Asset ID" value="689481"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1937686.80000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.87499900</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Flagship CLO VIII Ltd.</name>
        <lei>N/A</lei>
        <title>Flagship CLO VIII Ltd., Series 2014-8A, Class CRR</title>
        <cusip>338422AU2</cusip>
        <identifiers>
          <isin value="US338422AU24"/>
          <other otherDesc="Inhouse Asset ID" value="689624"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1357677.43000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.07087800</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Braskem Netherlands Finance BV</name>
        <lei>N/A</lei>
        <title>Braskem Netherlands Finance BV</title>
        <cusip>10554TAD7</cusip>
        <identifiers>
          <isin value="US10554TAD72"/>
          <other otherDesc="Inhouse Asset ID" value="1025403"/>
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        <balance>7100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6588800.00000000</valUSD>
        <pctVal>0.252368266829</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BlueMountain CLO XXIV Ltd.</name>
        <lei>N/A</lei>
        <title>BlueMountain CLO XXIV Ltd., Series 2019-24A, Class C</title>
        <cusip>09609NAG0</cusip>
        <identifiers>
          <isin value="US09609NAG07"/>
          <other otherDesc="Inhouse Asset ID" value="964233"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1732653.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.97175000</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>N/A</name>
        <lei>N/A</lei>
        <title>CDI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="691847"/>
        </identifiers>
        <balance>5100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-54506.43000000</valUSD>
        <pctVal>-0.00208773877</pctVal>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust</name>
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      <invstOrSec>
        <name>BlueMountain Fuji US CLO III Ltd.</name>
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        <name>Octagon Investment Partners XVII Ltd.</name>
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        <name>Southern Co. (The)</name>
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        <name>ICBCIL Finance Co. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Edwards Lifesciences Corp.</name>
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        <name>CNOOC Finance 2015 USA LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>American Homes 4 Rent</name>
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        <name>Navistar, Inc.</name>
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        <name>Neuberger Berman Loan Advisers CLO 26 Ltd.</name>
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        <name>Harbor Freight Tools USA, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2017-C02, Class 2M2</title>
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        <name>Surf Holdings SARL</name>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>MASTR Alternative Loan Trust</name>
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        <name>Sealed Air Corp.</name>
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        <name>N/A</name>
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        <name>China Overseas Finance Cayman VII Ltd.</name>
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        <name>CHS/Community Health Systems, Inc.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Russian Federation</name>
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        <title>Russian Federation</title>
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        <name>Progress Residential Trust</name>
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        <name>Neuberger Berman CLO XXII Ltd.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>United Rentals (North America), Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Octagon Investment Partners 26 Ltd.</name>
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        <invCountry>KY</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>549300WSX4P5CXVKVR97</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>OBX Trust</name>
        <lei>N/A</lei>
        <title>OBX Trust, Series 2018-1, Class A2</title>
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          <isin value="US67112FAD24"/>
          <other otherDesc="Inhouse Asset ID" value="687491"/>
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        <curCd>USD</curCd>
        <valUSD>1941492.54000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.82163200</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31406DBS4</cusip>
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          <isin value="US31406DBS45"/>
          <other otherDesc="Inhouse Asset ID" value="499763"/>
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        <balance>136625.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143759.98000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.94700000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31413JZE7</cusip>
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          <isin value="US31413JZE71"/>
          <other otherDesc="Inhouse Asset ID" value="565431"/>
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        <balance>6808.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6840.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.51000100</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CES</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="687895"/>
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        <balance>2000000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84900454"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="124561"/>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDI</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="695074"/>
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        <balance>160000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>676078.42000000</valUSD>
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        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Markit CDX North American Investment Grade Index Series 33-V1</indexName>
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        <securityLending>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>549300NUS8PQQUZMPR50</lei>
        <title>BlueMountain CLO Ltd., Series 2014-2A, Class CR2</title>
        <cusip>09626QBE6</cusip>
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          <isin value="US09626QBE61"/>
          <other otherDesc="Inhouse Asset ID" value="928151"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1245070.63000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.47174900</annualizedRt>
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      <invstOrSec>
        <name>Anthem, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Anthem, Inc.</title>
        <cusip>036752AJ2</cusip>
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          <isin value="US036752AJ29"/>
          <other otherDesc="Inhouse Asset ID" value="1065303"/>
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        <balance>2400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2569250.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2017-C03, Class 1M2</title>
        <cusip>30711XJX3</cusip>
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          <isin value="US30711XJX30"/>
          <other otherDesc="Inhouse Asset ID" value="971970"/>
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        <balance>2780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2780899.89000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.17162900</annualizedRt>
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      <invstOrSec>
        <name>Ventia Midco Pty. Ltd.</name>
        <lei>N/A</lei>
        <title>Ventia Midco Pty. Ltd., Term Loan B</title>
        <cusip>Q5642FAE1</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="992321"/>
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        <balance>645349.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>642929.44000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NZCG Funding Ltd.</name>
        <lei>549300VKPCTKDCMB5721</lei>
        <title>NZCG Funding Ltd., Series 2015-1A, Class A2R</title>
        <cusip>62951CAP7</cusip>
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          <isin value="US62951CAP77"/>
          <other otherDesc="Inhouse Asset ID" value="684446"/>
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        <balance>7920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7623119.81000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>1.90950100</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="674527"/>
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        <balance>1770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-71973.86000000</valUSD>
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        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
        <cusip>025816BW8</cusip>
        <identifiers>
          <isin value="US025816BW85"/>
          <other otherDesc="Inhouse Asset ID" value="920725"/>
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        <balance>6800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7414479.69000000</valUSD>
        <pctVal>0.283993957747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</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>AMMC CLO 21 Ltd.</name>
        <lei>549300DYK366J47FIO80</lei>
        <title>AMMC CLO 21 Ltd., Series 2017-21A, Class C</title>
        <cusip>00178LAD1</cusip>
        <identifiers>
          <isin value="US00178LAD10"/>
          <other otherDesc="Inhouse Asset ID" value="674536"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>380610.26000000</valUSD>
        <pctVal>0.014578368087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.65613000</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31409D4M27"/>
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        <curCd>USD</curCd>
        <valUSD>13145.68000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Madison Park Funding XXXI Ltd.</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XXXI Ltd., Series 2018-31A, Class C</title>
        <cusip>55819DAJ5</cusip>
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          <isin value="US55819DAJ54"/>
          <other otherDesc="Inhouse Asset ID" value="942331"/>
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        <balance>2600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2507757.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.40549800</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31406LZ683"/>
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        <balance>2707.68000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2814.63000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.64500000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31404ENZ50"/>
          <other otherDesc="Inhouse Asset ID" value="499711"/>
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        <balance>56169.49000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56638.35000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.56500100</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TPC Group, Inc.</name>
        <lei>549300K276KVW5JD1583</lei>
        <title>TPC Group, Inc.</title>
        <cusip>89236YAB0</cusip>
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          <isin value="US89236YAB02"/>
          <other otherDesc="Inhouse Asset ID" value="998831"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5351880.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Citizens Property Insurance Corp.</name>
        <lei>254900K60HH43SRST947</lei>
        <title>Citizens Property Insurance Corp.</title>
        <cusip>176553HA6</cusip>
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          <isin value="US176553HA67"/>
          <other otherDesc="Inhouse Asset ID" value="611113"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132607.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2016-C06, Class 1M2</title>
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          <isin value="US30711XDS09"/>
          <other otherDesc="Inhouse Asset ID" value="658700"/>
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        <balance>4131086.06000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4252047.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.42163200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Buckeye Partners, L.P.</name>
        <lei>N/A</lei>
        <title>Buckeye Partners, L.P., Term Loan</title>
        <cusip>11823LAH8</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1015832"/>
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        <balance>286394.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280785.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.92100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Russian Railways</name>
        <lei>635400VKMH1VQDFMW392</lei>
        <title>Russian Railways Via RZD Capital plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0764220017"/>
          <other otherDesc="Inhouse Asset ID" value="517822"/>
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        <balance>5900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6285860.00000000</valUSD>
        <pctVal>0.240764872774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31411VDR7</cusip>
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          <isin value="US31411VDR78"/>
          <other otherDesc="Inhouse Asset ID" value="565461"/>
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        <balance>63845.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64008.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.30800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ares L CLO Ltd.</name>
        <lei>549300S7Y78W7UJHZZ39</lei>
        <title>Ares L CLO Ltd., Series 2018-50A, Class B</title>
        <cusip>04018LAC9</cusip>
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          <isin value="US04018LAC90"/>
          <other otherDesc="Inhouse Asset ID" value="945644"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3887830.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.97500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31406AZZ8</cusip>
        <identifiers>
          <isin value="US31406AZZ82"/>
          <other otherDesc="Inhouse Asset ID" value="324078"/>
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        <balance>632.01000000</balance>
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        <curCd>USD</curCd>
        <valUSD>634.18000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.04999800</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31385Y2E4</cusip>
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          <isin value="US31385Y2E43"/>
          <other otherDesc="Inhouse Asset ID" value="469611"/>
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        <balance>41865.62000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42331.28000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.72300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Discover Card Execution Note Trust</name>
        <lei>549300CKCX1QE4RUW216</lei>
        <title>Discover Card Execution Note Trust, Series 2019-A2, Class A</title>
        <cusip>254683CL7</cusip>
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          <isin value="US254683CL75"/>
          <other otherDesc="Inhouse Asset ID" value="999208"/>
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        <balance>9250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9275356.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.44475100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="678782"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-5160.18000000</valUSD>
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        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>MORGAN STANLEY INTL PLC</counterpartyName>
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                <issuerName>Energy Transfer LP</issuerName>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31402KUP7</cusip>
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          <isin value="US31402KUP73"/>
          <other otherDesc="Inhouse Asset ID" value="548239"/>
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        <balance>3018.58000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3035.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="7589"/>
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        <name>United States of America</name>
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        <name>Euro-Galaxy V CLO BV</name>
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        <name>Ares XLVIII CLO Ltd.</name>
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        <name>Vertafore, Inc.</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>CARLYLE US CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Upgrade Master Pass-Thru Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>FNMA</name>
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        <name>Harvest Operations Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Eaton Vance CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Betony CLO 2 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DBCG Mortgage Trust</name>
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          <isin value="US233062AA67"/>
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      <invstOrSec>
        <name>FedEx Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Kazakhstan</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Republic of Kazakhstan</title>
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        <issuerCat>NUSS</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cigna Corp.</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Corp.</title>
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          <isin value="US125523AG54"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>AvalonBay Communities, Inc.</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AvalonBay Communities, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Vertical Midco GmbH</name>
        <lei>X8NPN6PWJOM1QCTYFV34</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Banijay Entertainment SAS</name>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Provident Funding Mortgage Trust</name>
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        <title>Provident Funding Mortgage Trust, Series 2019-1, Class A3</title>
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          <isin value="US74387LAE11"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison Park Euro Funding VIII DAC</name>
        <lei>635400Y8CTGVSWYFMB36</lei>
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          <isin value="XS2079888983"/>
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        <invCountry>IE</invCountry>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>United States of America</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Variable</couponKind>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <balance>5746.96000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust, Series 2017-1, Class A1</title>
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          <isin value="US89173FAA84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-10-25</maturityDt>
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      <invstOrSec>
        <name>Korea Development Bank (The)</name>
        <lei>549300ML2LNRZUCS7149</lei>
        <title>Korea Development Bank (The)</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-12</maturityDt>
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      <invstOrSec>
        <name>GNMA</name>
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        <title>GNMA II</title>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Club Certificate Issuer Trust I</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond Club Certificate Issuer Trust I, Series 2019-S8, Class PT</title>
        <cusip>21057BAA1</cusip>
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          <isin value="US21057BAA17"/>
          <other otherDesc="Inhouse Asset ID" value="1025426"/>
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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>2045-01-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CES</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="694277"/>
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        <balance>27500000.00000000</balance>
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      <invstOrSec>
        <name>Knowlton Development Corp., Inc.</name>
        <lei>N/A</lei>
        <title>Knowlton Development Corp., Inc., Term Loan</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Industrial &amp; Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd.</title>
        <cusip>45580KAG3</cusip>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Merrill Lynch Mortgage Investors Trust MLMI Series</name>
        <lei>N/A</lei>
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        <cusip>59020UZ65</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>Galaxy XXVII CLO Ltd.</name>
        <lei>549300GJYHKO4BDEN716</lei>
        <title>Galaxy XXVII CLO Ltd., Series 2018-27A, Class A</title>
        <cusip>36320UAC4</cusip>
        <identifiers>
          <isin value="US36320UAC45"/>
          <other otherDesc="Inhouse Asset ID" value="687872"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1467125.11000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.40563100</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atrium XIV LLC</name>
        <lei>N/A</lei>
        <title>Atrium XIV LLC, Series 14A, Class B</title>
        <cusip>04965LAJ7</cusip>
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          <isin value="US04965LAJ70"/>
          <other otherDesc="Inhouse Asset ID" value="916831"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2343643.71000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Caesars Resort Collection LLC</name>
        <lei>X8NPN6PWJOM1QCTYFV34</lei>
        <title>Caesars Resort Collection LLC, Term Loan B1</title>
        <cusip>12769LAD1</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1085483"/>
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        <balance>88772.96000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
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      <invstOrSec>
        <name>Ares LII CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Ares LII CLO Ltd., Series 2019-52A, Class C</title>
        <cusip>04009AAG5</cusip>
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          <isin value="US04009AAG58"/>
          <other otherDesc="Inhouse Asset ID" value="966056"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-22</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEX, Inc.</name>
        <lei>N/A</lei>
        <title>WEX, Inc., Term Loan B3</title>
        <cusip>96208UAP6</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="982822"/>
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        <balance>1691435.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1641538.41000000</valUSD>
        <pctVal>0.062875213007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.41113000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCL Industries, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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          <isin value="US21055TAA43"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Invitation Homes Trust</name>
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          <isin value="US46187BAA17"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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          <isin value="US8827234D82"/>
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        <curCd>USD</curCd>
        <valUSD>2777451.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Dryden 55 CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US26245MAJ09"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>N/A</name>
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        <balance>1590000.00000000</balance>
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      <invstOrSec>
        <name>Holland Park CLO DAC</name>
        <lei>549300DH041IB658HY57</lei>
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          <isin value="XS2079843376"/>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31385Y2D69"/>
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        <balance>44377.10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44866.02000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>GSAA Home Equity Trust</name>
        <lei>N/A</lei>
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          <isin value="US36242D3W18"/>
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        <balance>5793.05100000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
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        <balance>2050000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>FNMA</name>
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        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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        <name>Banc of America Commercial Mortgage Trust</name>
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        <name>Emerson Electric Co.</name>
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        <name>Voya CLO Ltd.</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Onsite Rental Group Operations Pty. Ltd.</name>
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        <name>FNMA</name>
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        <name>RELX Capital, Inc.</name>
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        <name>FNMA</name>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NASCAR Holdings LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <assetCat>DCR</assetCat>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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                <issuerName>Nabors Industries, Inc.</issuerName>
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      <invstOrSec>
        <name>FNMA</name>
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        <title>FNMA</title>
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        <name>FNMA</name>
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        <title>FNMA</title>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hayfin Kingsland IX Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Radnor Re Ltd.</name>
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              <counterpartyName>JP MORGAN CHASE BANK NA</counterpartyName>
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        <name>FNMA</name>
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        <title>FNMA</title>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Banque Centrale de Tunisie International Bond</name>
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        <title>Banque Centrale de Tunisie</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>TN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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          <isin value="US21054QAA13"/>
          <other otherDesc="Inhouse Asset ID" value="1009078"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atrium XV</name>
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        <cusip>04965FAG6</cusip>
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          <isin value="US04965FAG63"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="7586"/>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Citibank</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Notas do Tesouro Nacional</title>
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          <isin value="BRSTNCNTF0N5"/>
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        <balance>2350000.00000000</balance>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CNH Industrial Capital LLC</name>
        <lei>549300PNSJ5B81UMVO28</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2016-C04, Class 1M2</title>
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          <isin value="US30711XDA90"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Solera LLC</name>
        <lei>549300F7JH48O4IYRX29</lei>
        <title>Solera LLC, Term Loan</title>
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          <isin value="US83421MAB46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Long Point Park CLO Ltd.</name>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Thor Industries, Inc.</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="939685"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ceridian HCM Holding, Inc.</name>
        <lei>N/A</lei>
        <title>Ceridian HCM Holding, Inc., Term Loan</title>
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        <balance>870000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>549300ZHISOOIT5VZP03</lei>
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        <cusip>89172HAK3</cusip>
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          <other otherDesc="Inhouse Asset ID" value="654891"/>
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        <balance>478462.46100000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.99999900</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31411UXU05"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Republic of Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Republic of Indonesia</title>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sunshine Luxembourg VII SARL</name>
        <lei>N/A</lei>
        <title>Sunshine Luxembourg VII SARL, Term Loan B1</title>
        <cusip>L8908YAB4</cusip>
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          <other otherDesc="Inhouse Asset ID" value="998387"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Voya CLO Ltd.</name>
        <lei>5493007ASGBOUR3XJY69</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
        <lei>N/A</lei>
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        <cusip>3137G0MD8</cusip>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <invCountry>US</invCountry>
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        <debtSec>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31407ANB3</cusip>
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          <isin value="US31407ANB34"/>
          <other otherDesc="Inhouse Asset ID" value="571463"/>
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        <balance>17901.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17969.97000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Octagon Investment Partners 33 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Mortgage Trust</name>
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        <name>Prosper Pass-Thru Trust III</name>
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        <name>FNMA</name>
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        <title>FNMA</title>
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      <invstOrSec>
        <name>Merrill Lynch Mortgage Investors Trust</name>
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        <name>Provident Funding Mortgage Trust</name>
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      <invstOrSec>
        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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      <invstOrSec>
        <name>Battalion Oil Corp.</name>
        <lei>3XHTN2NNIMMPORDAMJ28</lei>
        <title>Battalion Oil Corp.</title>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <name>Thornburg Mortgage Securities Trust</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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      <invstOrSec>
        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
        <lei>549300CRGMZK3K53BF92</lei>
        <title>Anheuser-Busch InBev Worldwide, Inc.</title>
        <cusip>035240AV2</cusip>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Reynolds American, Inc.</name>
        <lei>02S2RPPVO9RP4NEU2740</lei>
        <title>Reynolds American, Inc.</title>
        <cusip>761713BG0</cusip>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Towd Point Mortgage Trust</name>
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        <name>United States of America</name>
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              <counterpartyName>JP MORGAN CHASE BANK NA</counterpartyName>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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        <name>FNMA</name>
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        <name>Korea East-West Power Co. Ltd.</name>
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        <name>BAMLL Commercial Mortgage Securities Trust</name>
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        <name>Univision Communications, Inc.</name>
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        <name>Neuberger Berman Loan Advisers CLO 27 Ltd.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>FLIR Systems, Inc.</name>
        <lei>VOBD35NEPH6WISIRTJ85</lei>
        <title>FLIR Systems, Inc.</title>
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        <valUSD>620284.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BlueMountain Fuji US CLO III Ltd.</name>
        <lei>N/A</lei>
        <title>BlueMountain Fuji US CLO III Ltd., Series 2017-3A, Class C</title>
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        <balance>500000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Battalion Oil Corp.</name>
        <lei>3XHTN2NNIMMPORDAMJ28</lei>
        <title>Battalion Oil Corp.</title>
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          <isin value="US07134L1310"/>
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        <curCd>USD</curCd>
        <valUSD>462.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Newark BSL CLO 2 Ltd.</name>
        <lei>N/A</lei>
        <title>Newark BSL CLO 2 Ltd., Series 2017-1A, Class B</title>
        <cusip>65023PAG5</cusip>
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          <isin value="US65023PAG54"/>
          <other otherDesc="Inhouse Asset ID" value="668595"/>
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        <balance>583989.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-25</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31404JLV51"/>
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        <balance>4441.58000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4667.10000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Akbank T.A.S.</name>
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        <title>Akbank T.A.S.</title>
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          <isin value="US00971YAF79"/>
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        <curCd>USD</curCd>
        <valUSD>2045359.80000000</valUSD>
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        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Progress Residential Trust</name>
        <lei>N/A</lei>
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          <isin value="US74333JAA97"/>
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        <balance>408280.08600000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.76800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300CFP9NBBMZH1008</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2016-NXS6, Class A2</title>
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          <isin value="US95000KAZ84"/>
          <other otherDesc="Inhouse Asset ID" value="683349"/>
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        <balance>6534000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6610747.06000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.39900000</annualizedRt>
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      <invstOrSec>
        <name>Aflac, Inc.</name>
        <lei>549300N0B7DOGLXWPP39</lei>
        <title>Aflac, Inc.</title>
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          <isin value="US001055BJ00"/>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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      <invstOrSec>
        <name>Mill City Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Mill City Mortgage Loan Trust, Series 2017-3, Class A1</title>
        <cusip>59980CAA1</cusip>
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          <isin value="US59980CAA18"/>
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        <balance>5400802.43200000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31364SPW7</cusip>
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          <isin value="US31364SPW79"/>
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        <balance>6643.38000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>United Parcel Service, Inc.</title>
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          <isin value="US911312BX35"/>
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        <valUSD>13715433.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Adagio CLO VIII DAC</name>
        <lei>635400GXSZ7DMJYBSH11</lei>
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        <invCountry>IE</invCountry>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDIT</title>
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                <issuerName>Citi 692362 Jun 2021.Jun.2021</issuerName>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>N/A</lei>
        <title>BlueMountain CLO Ltd., Series 2018-3A, Class C</title>
        <cusip>09630AAJ5</cusip>
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          <isin value="US09630AAJ51"/>
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        <balance>1785715.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust, Series 2016-GS3, Class A4</title>
        <cusip>36251PAD6</cusip>
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          <isin value="US36251PAD69"/>
          <other otherDesc="Inhouse Asset ID" value="674466"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>647601.36000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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      <invstOrSec>
        <name>China Construction Bank Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dorchester Park CLO DAC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Party City Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-25</maturityDt>
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        <name>Horizon Therapeutics USA, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Octagon Investment Partners 28 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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        <name>BlueMountain CLO Ltd.</name>
        <lei>635400IYPG2G6NM3OV52</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31380AQZ8</cusip>
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          <other otherDesc="Inhouse Asset ID" value="564348"/>
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        <balance>5720.56000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
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        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd.</title>
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          <other otherDesc="Inhouse Asset ID" value="679776"/>
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        <balance>1100000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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      <invstOrSec>
        <name>San Jose Redevelopment Agency Successor Agency</name>
        <lei>N/A</lei>
        <title>San Jose Redevelopment Agency Successor Agency</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.48000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Credit Suisse First Boston Mortgage Securities Corp.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>MPH Acquisition Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Club Certificate Issuer Trust I</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
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          <isin value="US61764BAA17"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>BNP PARIBAS NY BRANCH</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="124555"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31405PRS1</cusip>
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        <balance>14053.08000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 15 Year</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II</title>
        <cusip>36202KZN8</cusip>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>Voya CLO Ltd.</name>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Upgrade Master Pass-Thru Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2014-C02, Class 2M2</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2014-C02, Class 1M2</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
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      <invstOrSec>
        <name>Alinea CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cook Park CLO Ltd.</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-08</maturityDt>
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      <invstOrSec>
        <name>Tencent Holdings Ltd.</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-19</maturityDt>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp.</title>
        <cusip>1248EPBZ5</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>American Airlines Class AA Pass-Through Trust</name>
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        <name>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
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        <name>Gabonese Republic</name>
        <lei>N/A</lei>
        <title>Gabonese Republic</title>
        <cusip>362420AD3</cusip>
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        <invCountry>GA</invCountry>
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        <name>Fieldwood Energy LLC</name>
        <lei>N/A</lei>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>N/A</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <title>FNMA</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Republic of Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
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        <curCd>USD</curCd>
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        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31374NHT28"/>
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        <balance>9345.62000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.45999900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Race Point X CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US74983DAS62"/>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="693413"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>MORGAN STANLEY CAPITAL</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="60605"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Global Tel*Link Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31411SM942"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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        <name>FNMA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Cencosud SA</name>
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        <invCountry>CL</invCountry>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="7592"/>
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        <curCd>N/A</curCd>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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      <invstOrSec>
        <name>Cigna Corp.</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Corp.</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Television, Inc.</name>
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        <name>athenahealth, Inc.</name>
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        <name>CARLYLE US CLO Ltd.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>Baker Hughes a GE Co. LLC / Baker Hughes Co-Obligor, Inc.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>MASTR Alternative Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Galaxy XXV CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bayer US Finance II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Quest Diagnostics, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Owens-Brockway Glass Container, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maxim Integrated Products, Inc.</name>
        <lei>SO0H5YEO14Y4PVKQH532</lei>
        <title>Maxim Integrated Products, Inc.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>N/A</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>American Home Mortgage Investment Trust</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Boyd Gaming Corp.</name>
        <lei>254900787YGRYS2A1Z35</lei>
        <title>Boyd Gaming Corp., Term Loan B</title>
        <cusip>10330JAU2</cusip>
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          <isin value="US10330JAU25"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
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      <invstOrSec>
        <name>Dryden 58 CLO Ltd.</name>
        <lei>549300YIDGL7GPSLZ840</lei>
        <title>Dryden 58 CLO Ltd., Series 2018-58A, Class B</title>
        <cusip>26245RAE0</cusip>
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          <other otherDesc="Inhouse Asset ID" value="689421"/>
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        <balance>11000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10697747.69000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SABIC Capital II BV</name>
        <lei>2138005PCUTH59D4RJ83</lei>
        <title>SABIC Capital II BV</title>
        <cusip>78520LAB6</cusip>
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          <isin value="US78520LAB62"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>473634.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
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          <isin value="US438516CB04"/>
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        <balance>5600000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA or FHLMC</name>
        <lei>N/A</lei>
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          <isin value="US01F0224851"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Owens-Brockway Glass Container, Inc.</name>
        <lei>V2UQUCDZJ9WY98W8QU33</lei>
        <title>Owens-Brockway Glass Container, Inc.</title>
        <cusip>69073TAR4</cusip>
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          <isin value="US69073TAR41"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust, Series 2018-3, Class A1</title>
        <cusip>89175MAA1</cusip>
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          <isin value="US89175MAA18"/>
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        <balance>12673287.65500000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carlyle Global Market Strategies CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Carlyle Global Market Strategies CLO Ltd., Series 2014-4RA, Class A2</title>
        <cusip>14316CAG8</cusip>
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          <isin value="US14316CAG87"/>
          <other otherDesc="Inhouse Asset ID" value="690149"/>
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        <balance>12000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11496317.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.87499900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alloy Finco Ltd.</name>
        <lei>N/A</lei>
        <title>Alloy Finco Ltd., Term Loan</title>
        <cusip>G0300CAC7</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1050519"/>
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        <balance>199707.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74890.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2017-C04, Class 2M2</title>
        <cusip>30711XLT9</cusip>
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          <other otherDesc="Inhouse Asset ID" value="949490"/>
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        <balance>524258.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>515366.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.02163100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>K2016470219 South Africa Ltd.</name>
        <lei>378900DECAC8CFA88345</lei>
        <title>K2016470219 South Africa Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1540048235"/>
          <other otherDesc="Inhouse Asset ID" value="659137"/>
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        <balance>1006514.92300000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cigna Corp.</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Corp.</title>
        <cusip>125523AF7</cusip>
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          <isin value="US125523AF71"/>
          <other otherDesc="Inhouse Asset ID" value="1004080"/>
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        <balance>2592000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31404JS55</cusip>
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          <isin value="US31404JS554"/>
          <other otherDesc="Inhouse Asset ID" value="561530"/>
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        <balance>597.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>602.65000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.43400000</annualizedRt>
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      <invstOrSec>
        <name>Gentiva Health Services, Inc.</name>
        <lei>N/A</lei>
        <title>Gentiva Health Services, Inc., First Lien Term Loan B</title>
        <cusip>37249UAU0</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1038502"/>
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        <balance>1995000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="7577"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-2594118.75000000</valUSD>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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            <counterparties>
              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>Export-Import Bank of India</name>
        <lei>335800OFZ8YEIVN1QI11</lei>
        <title>Export-Import Bank of India</title>
        <cusip>30216JAC9</cusip>
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          <isin value="US30216JAC99"/>
          <other otherDesc="Inhouse Asset ID" value="683514"/>
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        <balance>3400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3589821.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMMC CLO 15 Ltd.</name>
        <lei>549300D0GYBG49KJD582</lei>
        <title>AMMC CLO 15 Ltd., Series 2014-15A, Class ARR</title>
        <cusip>00175MBF6</cusip>
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          <other otherDesc="Inhouse Asset ID" value="946798"/>
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        <balance>4688553.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4592681.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.53500000</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>N/A</name>
        <lei>N/A</lei>
        <title>CES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="690100"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84900454"/>
        <valUSD>-3015.81000000</valUSD>
        <pctVal>-0.00011551340</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <amtCurSold>232400.00000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>200000.00000000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2021-05-04</settlementDt>
            <unrealizedAppr>-3015.81000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31410GMZ3</cusip>
        <identifiers>
          <isin value="US31410GMZ36"/>
          <other otherDesc="Inhouse Asset ID" value="559951"/>
        </identifiers>
        <balance>32862.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34593.78000000</valUSD>
        <pctVal>0.001325032221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.01900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31385WTD1</cusip>
        <identifiers>
          <isin value="US31385WTD10"/>
          <other otherDesc="Inhouse Asset ID" value="499715"/>
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        <balance>41669.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42152.61000000</valUSD>
        <pctVal>0.001614555173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.21700000</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>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2004-11, Class 2A1</title>
        <cusip>12669FA86</cusip>
        <identifiers>
          <isin value="US12669FA866"/>
          <other otherDesc="Inhouse Asset ID" value="565568"/>
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        <balance>1085240.43100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1064738.39000000</valUSD>
        <pctVal>0.040782264162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.59977600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2017-C01, Class 1M2</title>
        <cusip>30711XEP5</cusip>
        <identifiers>
          <isin value="US30711XEP50"/>
          <other otherDesc="Inhouse Asset ID" value="658303"/>
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        <balance>17550165.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17830452.08000000</valUSD>
        <pctVal>0.682952933496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.72163000</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>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II</title>
        <cusip>36202K5J0</cusip>
        <identifiers>
          <isin value="US36202K5J04"/>
          <other otherDesc="Inhouse Asset ID" value="121929"/>
        </identifiers>
        <balance>6564.07000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6661.45000000</valUSD>
        <pctVal>0.000255150951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.25000100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31385XQE0</cusip>
        <identifiers>
          <isin value="US31385XQE03"/>
          <other otherDesc="Inhouse Asset ID" value="341331"/>
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        <balance>3785.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3813.73000000</valUSD>
        <pctVal>0.000146075830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.16000000</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31388RDD6</cusip>
        <identifiers>
          <isin value="US31388RDD61"/>
          <other otherDesc="Inhouse Asset ID" value="571520"/>
        </identifiers>
        <balance>35376.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35604.24000000</valUSD>
        <pctVal>0.001363735481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.26999900</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>Towd Point Mortgage Trust</name>
        <lei>549300ZHISOOIT5VZP03</lei>
        <title>Towd Point Mortgage Trust, Series 2015-3, Class A1A</title>
        <cusip>89172HAJ6</cusip>
        <identifiers>
          <isin value="US89172HAJ68"/>
          <other otherDesc="Inhouse Asset ID" value="683348"/>
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        <balance>1036114.75400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1048638.79000000</valUSD>
        <pctVal>0.040165607388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.49999900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA or FHLMC</name>
        <lei>N/A</lei>
        <title>FNMA or FHLMC, Single Family, 15 Year</title>
        <cusip>01F020489</cusip>
        <identifiers>
          <isin value="US01F0204895"/>
          <other otherDesc="Inhouse Asset ID" value="1091421"/>
        </identifiers>
        <balance>5818000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6052083.62000000</valUSD>
        <pctVal>0.231810626197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Catalent Pharma Solutions, Inc.</name>
        <lei>N/A</lei>
        <title>Catalent Pharma Solutions, Inc., Term Loan B2</title>
        <cusip>14880BAG6</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="981033"/>
        </identifiers>
        <balance>2931360.19000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2922809.41000000</valUSD>
        <pctVal>0.111951242271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="36697"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-34408.72000000</valUSD>
        <pctVal>-0.00131794393</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <amtCurSold>2520623.00000000</amtCurSold>
            <curSold>BRL</curSold>
            <amtCurPur>448673.09000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-08-11</settlementDt>
            <unrealizedAppr>-34408.72000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31419DYC9</cusip>
        <identifiers>
          <isin value="US31419DYC90"/>
          <other otherDesc="Inhouse Asset ID" value="565366"/>
        </identifiers>
        <balance>53622.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54275.76000000</valUSD>
        <pctVal>0.002078903515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.49199900</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31385PHJ6</cusip>
        <identifiers>
          <isin value="US31385PHJ66"/>
          <other otherDesc="Inhouse Asset ID" value="564328"/>
        </identifiers>
        <balance>12692.22000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12757.68000000</valUSD>
        <pctVal>0.000488652499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.91500000</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>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
        <cusip>15135BAV3</cusip>
        <identifiers>
          <isin value="US15135BAV36"/>
          <other otherDesc="Inhouse Asset ID" value="1068942"/>
        </identifiers>
        <balance>2700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2872138.50000000</valUSD>
        <pctVal>0.110010413935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</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>Consumer Loan Underlying Bond Credit Trust</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond Credit Trust, Series 2019-S4, Class PT</title>
        <cusip>21054GAA3</cusip>
        <identifiers>
          <isin value="US21054GAA31"/>
          <other otherDesc="Inhouse Asset ID" value="996010"/>
        </identifiers>
        <balance>1353639.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1119972.94000000</valUSD>
        <pctVal>0.042897891841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>13.70822400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust</name>
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        <name>FNMA</name>
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        <name>Lloyds Banking Group plc</name>
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      <invstOrSec>
        <name>Board of Governors of Colorado State University System</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Mitchell International, Inc.</name>
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        <title>Mitchell International, Inc., Term Loan</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31404UQ60</cusip>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <title>FNMA</title>
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        <name>FNMA</name>
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        <title>FNMA</title>
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        <name>BRAVO Residential Funding Trust</name>
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        <name>BWay Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>BWay Holding Co., Term Loan</title>
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        <name>Remington Outdoor Co., Inc.</name>
        <lei>N/A</lei>
        <title>Remington Outdoor Co., Inc.</title>
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        <name>TIBCO Software, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Verso Corp.</name>
        <lei>549300FODXCTQ8DGT594</lei>
        <title>Verso Corp.</title>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <name>Atrium XIII</name>
        <lei>549300BF3YFW8EHN6F75</lei>
        <title>Atrium XIII, Series 13A, Class C</title>
        <cusip>04966HAG1</cusip>
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          <isin value="US04966HAG11"/>
          <other otherDesc="Inhouse Asset ID" value="677147"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1513408.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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      </invstOrSec>
      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2015-3BP, Class A</title>
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          <isin value="US12592TAA34"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.17800000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG</title>
        <cusip>902674YA2</cusip>
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          <isin value="US902674YA28"/>
          <other otherDesc="Inhouse Asset ID" value="1061190"/>
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        <balance>14900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15216708.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</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>Armada Euro CLO IV DAC</name>
        <lei>549300DE6MWQ8YQI0O46</lei>
        <title>Armada Euro CLO IV DAC, Series 4A, Class B</title>
        <cusip>N/A</cusip>
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          <isin value="XS2066870457"/>
          <other otherDesc="Inhouse Asset ID" value="1017559"/>
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        <balance>12400000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84900454"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.69999900</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
        <cusip>404280BJ7</cusip>
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          <isin value="US404280BJ78"/>
          <other otherDesc="Inhouse Asset ID" value="661509"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1452767.29000000</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>2023-03-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.26200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Urban Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>New York State Urban Development Corp.</title>
        <cusip>64985TBA8</cusip>
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          <isin value="US64985TBA88"/>
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        <balance>8750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9377025.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="693757"/>
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        <balance>11000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14142.72000000</valUSD>
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        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>JP MORGAN CHASE BANK NA</counterpartyName>
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                <issuerName>Goldman Sachs Group, Inc. (The)</issuerName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
        <cusip>195325CU7</cusip>
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          <isin value="US195325CU73"/>
          <other otherDesc="Inhouse Asset ID" value="653907"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8657565.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Greenpoint Manufactured Housing</name>
        <lei>N/A</lei>
        <title>Greenpoint Manufactured Housing, Series 1999-5, Class M1A</title>
        <cusip>395383AF9</cusip>
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          <isin value="US395383AF95"/>
          <other otherDesc="Inhouse Asset ID" value="638701"/>
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        <balance>244871.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>254153.15000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.30000200</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Neuberger Berman CLO XVIII Ltd.</name>
        <lei>549300FCSYYS3J0RKL34</lei>
        <title>Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class BR2</title>
        <cusip>64128QAW5</cusip>
        <identifiers>
          <isin value="US64128QAW50"/>
          <other otherDesc="Inhouse Asset ID" value="941845"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1538086.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.42138200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31405WAC9</cusip>
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          <isin value="US31405WAC91"/>
          <other otherDesc="Inhouse Asset ID" value="559759"/>
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        <balance>16761.83000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16938.14000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.46100100</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31412BTV4</cusip>
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          <isin value="US31412BTV44"/>
          <other otherDesc="Inhouse Asset ID" value="561535"/>
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        <balance>7593.21000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7634.59000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Mesquite Energy, Inc.</name>
        <lei>549300SB0HTIM17TVR61</lei>
        <title>Mesquite Energy, Inc.</title>
        <cusip>799ESCAH1</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1089762"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Atrium XIV LLC</name>
        <lei>N/A</lei>
        <title>Atrium XIV LLC, Series 14A, Class C</title>
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          <isin value="US04965LAL27"/>
          <other otherDesc="Inhouse Asset ID" value="916833"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3880900.32000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.22088000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Euro-OAT</title>
        <cusip>N/A</cusip>
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          <isin value="DE000C4QFCQ5"/>
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        <assetCat>DIR</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>Eurex Clearing</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>French Republic</issuerName>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31405XXY4</cusip>
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          <isin value="US31405XXY48"/>
          <other otherDesc="Inhouse Asset ID" value="536029"/>
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        <balance>5566.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5602.77000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.86499900</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <balance>378.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>394.40000000</valUSD>
        <pctVal>0.000015106551</pctVal>
        <payoffProfile>Long</payoffProfile>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
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      <invstOrSec>
        <name>Prime Security Services Borrower LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <name>JBS USA Lux SA</name>
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        <name>Merrill Lynch Mortgage Investors Trust</name>
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        <name>Invitation Homes Trust</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Eleven Madison Mortgage Trust</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>FNMA</name>
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        <name>GSR Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>Diamond Sports Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Flagstar Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>American Home Mortgage Investment Trust</name>
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        <name>Micron Technology, Inc.</name>
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        <name>FNMA</name>
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        <name>N/A</name>
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        <name>FNMA</name>
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        <name>Invitation Homes Trust</name>
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        <name>Octagon Investment Partners 28 Ltd.</name>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>Dominican Republic</name>
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        <name>Dryden 58 CLO Ltd.</name>
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        <name>Amazon.com, Inc.</name>
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        <cusip>023135AW6</cusip>
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        <name>Structured Asset Mortgage Investments II Trust</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>Towd Point Mortgage Trust</name>
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      <invstOrSec>
        <name>Republic of Angola</name>
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        <title>Republic of Angola</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>AO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Structured Adjustable Rate Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 3A1</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.61437100</annualizedRt>
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      <invstOrSec>
        <name>Export-Import Bank of China (The)</name>
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        <title>Export-Import Bank of China (The)</title>
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          <isin value="US30216HAD17"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Homes 4 Rent Trust</name>
        <lei>N/A</lei>
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          <isin value="US02665XAA72"/>
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        <balance>727229.70700000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.67800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="124564"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMMC CLO XI Ltd.</name>
        <lei>5493004OOK6VXHQ8DQ60</lei>
        <title>AMMC CLO XI Ltd., Series 2012-11A, Class BR2</title>
        <cusip>00176ABB0</cusip>
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          <isin value="US00176ABB08"/>
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        <curCd>USD</curCd>
        <valUSD>1624394.30000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.86824900</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31363EH73</cusip>
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          <isin value="US31363EH739"/>
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        <balance>7987.39000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8116.16000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31362J5B76"/>
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        <curCd>USD</curCd>
        <valUSD>396.21000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
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          <other otherDesc="Inhouse Asset ID" value="691388"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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                <issuerName>Nabors Industries, Inc.</issuerName>
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      <invstOrSec>
        <name>San Jose Redevelopment Agency Successor Agency</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US09630AAG13"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
        <lei>N/A</lei>
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        <balance>3800000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc.</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Phoenix Guarantor, Inc.</name>
        <lei>N/A</lei>
        <title>Phoenix Guarantor, Inc., First Lien Term Loan B1</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31406PKU2</cusip>
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          <other otherDesc="Inhouse Asset ID" value="565405"/>
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        <curCd>USD</curCd>
        <valUSD>2469.23000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>3.50600000</annualizedRt>
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      <invstOrSec>
        <name>Ares European CLO VIII BV</name>
        <lei>5493006IQ0ZKC87HH708</lei>
        <title>Ares European CLO VIII BV, Series 8A, Class BR</title>
        <cusip>N/A</cusip>
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          <isin value="XS2060909368"/>
          <other otherDesc="Inhouse Asset ID" value="1013059"/>
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        <balance>700000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84900454"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Neuberger Berman Loan Advisers CLO 26 Ltd.</name>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>N/A</name>
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        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Simon Property Group LP</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Three Gorges Finance I Cayman Islands Ltd.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Sabine Pass Liquefaction LLC</name>
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        <name>Cushman &amp; Wakefield U.S. Borrower LLC</name>
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        <name>Iqvia, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>United States of America</name>
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      </invstOrSec>
      <invstOrSec>
        <name>San Jose Redevelopment Agency Successor Agency</name>
        <lei>N/A</lei>
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          <isin value="US798170AE64"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31402RH778"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Australia 10 Year Bonds</title>
        <cusip>N/A</cusip>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31410SXP72"/>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
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          <isin value="US3128S5L519"/>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Club Certificate Issuer Trust I</name>
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          <isin value="US21056VAA89"/>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31391Q3Y83"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kenan Advantage Group Holdings Corp.</name>
        <lei>N/A</lei>
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        <name>FNMA</name>
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        <name>CIM Trust</name>
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          <isin value="US12554TAC53"/>
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      <invstOrSec>
        <name>Long Point Park CLO Ltd.</name>
        <lei>549300639DPKTBUSCC77</lei>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust</name>
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      <invstOrSec>
        <name>Ares XLVIII CLO Ltd.</name>
        <lei>5493005WFBSWHJ1WGQ35</lei>
        <title>Ares XLVIII CLO Ltd., Series 2018-48A, Class B</title>
        <cusip>04017FAE9</cusip>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>3138XP2F9</cusip>
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          <maturityDt>2044-02-01</maturityDt>
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        <name>Gabonese Republic</name>
        <lei>N/A</lei>
        <title>Gabonese Republic</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Dunedin Park CLO DAC</name>
        <lei>635400VZKZZW7P5TBL62</lei>
        <title>Dunedin Park CLO DAC, Series 1A, Class A2A</title>
        <cusip>N/A</cusip>
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        <name>Banque Ouest Africaine de Developpement</name>
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        <title>Banque Ouest Africaine de Developpement</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Conseco Finance Securitizations Corp.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>Holland Park CLO DAC</name>
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        <name>Morgan Stanley</name>
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        <name>Blackrock European CLO IX DAC</name>
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        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <name>JetBlue Airways Corp.</name>
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        <name>Imperial Brands Finance plc</name>
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        <title>Imperial Brands Finance plc</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>Voya CLO Ltd.</name>
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        <invCountry>KY</invCountry>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Gold Pools, 15 Year</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Onsite Rental Group Operations Pty. Ltd.</name>
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        <title>Onsite Rental Group Operations Pty. Ltd.</title>
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        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Panther BF Aggregator 2 L P</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="966609"/>
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        <balance>587042.60000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Avis Budget Car Rental LLC</name>
        <lei>N/A</lei>
        <title>Avis Budget Car Rental LLC, Term Loan B</title>
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          <other otherDesc="Inhouse Asset ID" value="1041446"/>
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        <curCd>USD</curCd>
        <valUSD>875658.00000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust, Series 2015-1, Class AE</title>
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          <isin value="US89171DBH98"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE US CLO Ltd.</name>
        <lei>N/A</lei>
        <title>CARLYLE US CLO Ltd., Series 2017-3A, Class B</title>
        <cusip>14314FAG3</cusip>
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          <isin value="US14314FAG37"/>
          <other otherDesc="Inhouse Asset ID" value="669017"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31410GDB6</cusip>
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          <isin value="US31410GDB68"/>
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        <balance>78752.21000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>635400IYPG2G6NM3OV52</lei>
        <title>BlueMountain CLO Ltd., Series 5A, Class A</title>
        <cusip>N/A</cusip>
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          <isin value="XS2073824851"/>
          <other otherDesc="Inhouse Asset ID" value="1018801"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
        <title>BRAVO Residential Funding Trust, Series 2019-1, Class A1C</title>
        <cusip>10568GAD9</cusip>
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          <isin value="US10568GAD97"/>
          <other otherDesc="Inhouse Asset ID" value="977066"/>
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        <balance>5995273.53000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>LCM 26 Ltd.</name>
        <lei>N/A</lei>
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        <cusip>50200FAE9</cusip>
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          <isin value="US50200FAE97"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-20</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="7580"/>
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        <balance>1.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="117317"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
        <lei>N/A</lei>
        <title>Institutional Fiduciary Trust - Money Market Portfolio</title>
        <cusip>457756500</cusip>
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          <isin value="US4577565009"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EnLink Midstream Partners LP</name>
        <lei>88CPW63VL7KHJWS0NY83</lei>
        <title>EnLink Midstream Partners LP</title>
        <cusip>29336UAB3</cusip>
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          <isin value="US29336UAB35"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Global Tel*Link Corp.</name>
        <lei>N/A</lei>
        <title>Global Tel*Link Corp., First Lien Term Loan</title>
        <cusip>37959JAB7</cusip>
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          <other otherDesc="Inhouse Asset ID" value="945654"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Adient US LLC</name>
        <lei>N/A</lei>
        <title>Adient US LLC, Term Loan</title>
        <cusip>00687MAB7</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Madison Park Euro Funding XIV DAC</name>
        <lei>635400XLHN7OVUSEV112</lei>
        <title>Madison Park Euro Funding XIV DAC, Series 14A, Class A1N</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2002368665"/>
          <other otherDesc="Inhouse Asset ID" value="985473"/>
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        <balance>8000000.00000000</balance>
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      <invstOrSec>
        <name>Texas State University System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nexstar Broadcasting, Inc.</name>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Bank</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-10-26</maturityDt>
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      <invstOrSec>
        <name>Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Duke Energy Corp.</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Dryden 45 Senior Loan Fund</name>
        <lei>54930046L20VLJKPVV31</lei>
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          <isin value="US26244MAS17"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Columbia Cent CLO 27 Ltd.</name>
        <lei>549300066YASG4MIU864</lei>
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        <cusip>19736RAE1</cusip>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-25</maturityDt>
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        <name>N/A</name>
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        <title>CES</title>
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        <currencyConditional curCd="EUR" exchangeRt="0.84900454"/>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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      <invstOrSec>
        <name>Orlando Health Obligated Group</name>
        <lei>N/A</lei>
        <title>Orlando Health Obligated Group</title>
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        <name>Madison Park Funding XXII Ltd.</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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        <name>AssuredPartners, Inc.</name>
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        <name>FedEx Corp.</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FedEx Corp.</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Dynasty Acquisition Co., Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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          <isin value="US3137G0CH08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US30711XAM65"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>3.07163200</annualizedRt>
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      <invstOrSec>
        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <cusip>3137G0GW3</cusip>
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          <isin value="US3137G0GW39"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="691338"/>
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        <balance>485000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Battalion Oil Corp.</name>
        <lei>3XHTN2NNIMMPORDAMJ28</lei>
        <title>Battalion Oil Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="124558"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDIT</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="692038"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BNP PARIBAS NY BRANCH</counterpartyName>
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                <issuerName>BNP 692038 Dec 2020.Dec.2020</issuerName>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31379TDC5</cusip>
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          <isin value="US31379TDC53"/>
          <other otherDesc="Inhouse Asset ID" value="548220"/>
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        <balance>4849.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4905.21000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Providence St Joseph Health Obligated Group</name>
        <lei>N/A</lei>
        <title>Providence St Joseph Health Obligated Group, Series H</title>
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          <isin value="US743756AB40"/>
          <other otherDesc="Inhouse Asset ID" value="646195"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>ON Semiconductor Corp.</name>
        <lei>N/A</lei>
        <title>ON Semiconductor Corp., Term Loan B4</title>
        <cusip>68218EAH7</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1009896"/>
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        <curCd>USD</curCd>
        <valUSD>1685538.04000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.16113000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31402LPB2</cusip>
        <identifiers>
          <isin value="US31402LPB26"/>
          <other otherDesc="Inhouse Asset ID" value="559453"/>
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        <balance>28623.21000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28756.02000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.52299900</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Antares CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Antares CLO Ltd., Series 2018-1A, Class B</title>
        <cusip>03665MAC5</cusip>
        <identifiers>
          <isin value="US03665MAC55"/>
          <other otherDesc="Inhouse Asset ID" value="687904"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5819032.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.92174800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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        <name>Octagon Investment Partners 37 Ltd.</name>
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        <name>Sinopec Group Overseas Development 2015 Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA</name>
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        <name>LegalZoom.com, Inc.</name>
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        <name>Blackrock European CLO IX DAC</name>
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        <name>Blackboard, Inc.</name>
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        <name>Halcyon Loan Advisors Funding Ltd.</name>
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      <invstOrSec>
        <name>BCC Middle Market CLO LLC</name>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2019-XL, Class A</title>
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      <invstOrSec>
        <name>Playtika Holding Corp.</name>
        <lei>N/A</lei>
        <title>Playtika Holding Corp., Term Loan B</title>
        <cusip>72814CAE8</cusip>
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        <name>FNMA</name>
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        <name>Dexia Credit Local SA</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDIT</title>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>MORGAN STANLEY CAPITAL</counterpartyName>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Australia 3 Year Bond</title>
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          <other otherDesc="Inhouse Asset ID" value="1074105"/>
          <other otherDesc="Future Ticker" value="YMU0 Comdty"/>
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        <assetCat>DIR</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>ASX Clear (Futures)</counterpartyName>
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                <issuerName>Australia</issuerName>
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                  <cusip value="N/A"/>
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      <invstOrSec>
        <name>Commscope, Inc.</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="960372"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US92915QAJ22"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31406YCY41"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I</name>
        <lei>N/A</lei>
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          <isin value="US21052UAA43"/>
          <other otherDesc="Inhouse Asset ID" value="942471"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31402T6W08"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="7574"/>
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        <curCd>N/A</curCd>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>Bass Pro Group LLC</name>
        <lei>N/A</lei>
        <title>Bass Pro Group LLC, Term Loan</title>
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          <other otherDesc="Inhouse Asset ID" value="933007"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.07200000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC Structured Agency Credit Risk Debt Notes</name>
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        <cusip>3137G0LT4</cusip>
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          <isin value="US3137G0LT45"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="77590"/>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <title>CDS</title>
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      <invstOrSec>
        <name>Mill City Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Octagon Investment Partners 18-R Ltd.</name>
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        <name>Prosper Pass-Thru Trust III</name>
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        <name>Republic of Iraq</name>
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        <name>MPLX LP</name>
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        <name>Dryden 38 Senior Loan Fund</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Carlyle GMS Finance MM CLO LLC</name>
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        <name>Barclays plc</name>
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        <name>Israel Electric Corp. Ltd.</name>
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        <name>FNMA</name>
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        <title>FNMA</title>
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        <name>Avon Products, Inc.</name>
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        <name>Madison Park Funding XXXI Ltd.</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
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        <name>N/A</name>
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        <title>Forward Foreign Currency Contract</title>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31403HUF53"/>
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        <curCd>USD</curCd>
        <valUSD>27609.61000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
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      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="7520"/>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>National Mentor Holdings, Inc.</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="960312"/>
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        <curCd>USD</curCd>
        <valUSD>16513.65000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Atrium XIII</name>
        <lei>549300BF3YFW8EHN6F75</lei>
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          <isin value="US04966HAE62"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Teays Valley Local School District</name>
        <lei>N/A</lei>
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          <isin value="US878198HD58"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
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        <title>Caterpillar Financial Services Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Mill City Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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      <invstOrSec>
        <name>Pitney Bowes, Inc.</name>
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        <name>Bellemeade Re Ltd.</name>
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        <invCountry>BM</invCountry>
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        <name>N/A</name>
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        <title>USCPI</title>
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        <name>N/A</name>
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      </invstOrSec>
      <invstOrSec>
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      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE US CLO Ltd.</name>
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      <invstOrSec>
        <name>TCI-Flatiron CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
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          <isin value="US617458AG91"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="108091"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>Madison Park Funding XXXI Ltd.</name>
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        <title>Madison Park Funding XXXI Ltd., Series 2018-31A, Class A2A</title>
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          <isin value="US55819DAE67"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31375VE74</cusip>
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          <isin value="US31375VE742"/>
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        <balance>117792.34000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
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          <isin value="US59217GEG01"/>
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        <balance>9400000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kenan Advantage Group Holdings Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>TRSIBOXX</title>
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              <counterpartyName>JP MORGAN CHASE BANK NA</counterpartyName>
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                <indexName>Markit iBoxx EUR Corporates Total Return Index</indexName>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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      <invstOrSec>
        <name>HPS Loan Management 13-2018 Ltd.</name>
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        <name>Turkiye Vakiflar Bankasi TAO</name>
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        <title>Turkiye Vakiflar Bankasi TAO</title>
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      <invstOrSec>
        <name>HPS Loan Management 13-2018 Ltd.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2020-BXLP, Class A</title>
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          <isin value="US05607QAA67"/>
          <other otherDesc="Inhouse Asset ID" value="1040514"/>
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        <balance>11539438.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11501532.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.97475000</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>Caesars Resort Collection LLC</name>
        <lei>549300V3UCT773B1KR38</lei>
        <title>Caesars Resort Collection LLC, Term Loan B</title>
        <cusip>12769LAB5</cusip>
        <identifiers>
          <isin value="US12769LAB53"/>
          <other otherDesc="Inhouse Asset ID" value="871413"/>
        </identifiers>
        <balance>1492346.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1377622.77000000</valUSD>
        <pctVal>0.052766553971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.91113000</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>Caterpillar, Inc.</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>Caterpillar, Inc.</title>
        <cusip>149123CH2</cusip>
        <identifiers>
          <isin value="US149123CH22"/>
          <other otherDesc="Inhouse Asset ID" value="1059725"/>
        </identifiers>
        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5038474.10000000</valUSD>
        <pctVal>0.192986731435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trico Group LLC</name>
        <lei>N/A</lei>
        <title>Trico Group LLC, Term Loan B</title>
        <cusip>31935HAB3</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1093425"/>
        </identifiers>
        <balance>199972.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192473.43000000</valUSD>
        <pctVal>0.007372235602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thornburg Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>Thornburg Mortgage Securities Trust, Series 2004-3, Class A</title>
        <cusip>885220FS7</cusip>
        <identifiers>
          <isin value="US885220FS76"/>
          <other otherDesc="Inhouse Asset ID" value="589920"/>
        </identifiers>
        <balance>527463.42100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499004.18000000</valUSD>
        <pctVal>0.019113164771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.91163200</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>Korea East-West Power Co. Ltd.</name>
        <lei>549300VDRGYGX9NBTB52</lei>
        <title>Korea East-West Power Co. Ltd.</title>
        <cusip>5006EPAK7</cusip>
        <identifiers>
          <isin value="US5006EPAK79"/>
          <other otherDesc="Inhouse Asset ID" value="1066001"/>
        </identifiers>
        <balance>8500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8820093.68000000</valUSD>
        <pctVal>0.337832648630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</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>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="688117"/>
        </identifiers>
        <balance>5800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-459503.56000000</valUSD>
        <pctVal>-0.01760018774</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
              <counterpartyLei>549300TXTCI7WVVJS380</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="LIBOR" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="2.80600000"/>
            <terminationDt>2023-04-17</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>5800000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-459503.56000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oxbow Carbon LLC</name>
        <lei>N/A</lei>
        <title>Oxbow Carbon LLC, First Lien Term Loan B</title>
        <cusip>69138EAU3</cusip>
        <identifiers>
          <isin value="US69138EAU38"/>
          <other otherDesc="Inhouse Asset ID" value="681041"/>
        </identifiers>
        <balance>525000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509250.00000000</valUSD>
        <pctVal>0.019505606465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.91113000</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>CSMC Trust</name>
        <lei>N/A</lei>
        <title>CSMC Trust, Series 2014-IVR3, Class A1</title>
        <cusip>12648TAA7</cusip>
        <identifiers>
          <isin value="US12648TAA79"/>
          <other otherDesc="Inhouse Asset ID" value="640361"/>
        </identifiers>
        <balance>1231618.17300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1283860.95000000</valUSD>
        <pctVal>0.049175231119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.49999900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31365DQS7</cusip>
        <identifiers>
          <isin value="US31365DQS70"/>
          <other otherDesc="Inhouse Asset ID" value="559765"/>
        </identifiers>
        <balance>6916.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6987.49000000</valUSD>
        <pctVal>0.000267639136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.32500000</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>Mexico City Airport Trust</name>
        <lei>N/A</lei>
        <title>Mexico City Airport Trust</title>
        <cusip>59284MAD6</cusip>
        <identifiers>
          <isin value="US59284MAD65"/>
          <other otherDesc="Inhouse Asset ID" value="674383"/>
        </identifiers>
        <balance>2400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2022000.00000000</valUSD>
        <pctVal>0.077447886645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Octagon Investment Partners XXIII Ltd.</name>
        <lei>549300EY2ULL20U3RR38</lei>
        <title>Octagon Investment Partners XXIII Ltd., Series 2015-1A, Class DR</title>
        <cusip>67590WCN2</cusip>
        <identifiers>
          <isin value="US67590WCN20"/>
          <other otherDesc="Inhouse Asset ID" value="688016"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>558083.26000000</valUSD>
        <pctVal>0.021376048001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.82499900</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>N/A</name>
        <lei>N/A</lei>
        <title>CES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="694130"/>
        </identifiers>
        <balance>4400000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84900454"/>
        <valUSD>-318151.71000000</valUSD>
        <pctVal>-0.01218604232</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
            </counterparties>
            <amtCurSold>4862000.00000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>4400000.00000000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2021-11-22</settlementDt>
            <unrealizedAppr>-318151.71000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regions Financial Corp.</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp.</title>
        <cusip>7591EPAQ3</cusip>
        <identifiers>
          <isin value="US7591EPAQ39"/>
          <other otherDesc="Inhouse Asset ID" value="1070917"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5319292.80000000</valUSD>
        <pctVal>0.203742821863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.11.e.ii"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.11.e.i"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Investors Securities Trust</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
