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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>HARBORVIEW MORTGAGE LOAN TR 2005-11</name>
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        <name>WASHING MUTUAL MTGE P/T 2006-7</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FREDDIE MAC REMICS 4851</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>SEQUOIA MORTGAGE TRUST 2024-HYB1</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      </invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>CSMC 2021-RPL8 TRUST</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>INDYMAC INDX MTGE LOAN TR 2005-AR2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UMBS PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>APIDOS CLO XXIV 2016-24A</name>
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        <name>DURHAM MORTGAGES B PLC 24-BA</name>
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        <name>N/A</name>
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        <name>CHASE HOME LENDING MORTGAGE TRUST SERIES 2024-RPL1</name>
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        <name>VERUS SECURITIZATION TRUST 2023-3</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>LEHMAN XS TRUST 2007-12N</name>
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        <name>SMRT 2022-MINI</name>
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        <curCd>USD</curCd>
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        <name>BEAR STEARNS ASSETBACKED SEC 2006-3</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2006-OC3</name>
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        <name>BEAR STEARNS ALT-A TR 2005-3</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL QF8691 FR 02/53 FIXED 5.5</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>PARALLEL 2021-1 LTD</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE ALT-A SECURITIES INC 2007-OA1</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2006-A7</name>
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        <identifiers>
          <isin value="US46629DAW56"/>
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        <balance>227551.630000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3138WESE09"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHASEFLEX TRUST 2007-M1</name>
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        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>GROSVENOR SQUARE RMBS 2023-1A PLC</name>
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          <isin value="XS2594135084"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>OBX 2023-NQM6 TRUST</name>
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        <identifiers>
          <isin value="US67117VAA89"/>
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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>
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        <securityLending>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2024-P2</name>
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        <cusip>14688PAC8</cusip>
        <identifiers>
          <isin value="US14688PAC86"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>NATIONSTAR HOME EQUITY LOAN TR 2007-C</name>
        <lei>N/A</lei>
        <title>NATIONSTAR HOME EQUITY LOAN TR NSTR 2007 C 1AV1</title>
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          <isin value="US63860KAA07"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140J8AN36"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AE0701 FN 12/40 FIXED VAR</title>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 7 SINGLE FAMILY MORTGAGE</title>
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          <isin value="US01F0706907"/>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA0778 FN 11/32 FIXED 3</title>
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          <isin value="US3140Q72L05"/>
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        <curCd>USD</curCd>
        <valUSD>39724.470000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE BACKED SEC 2007-3</name>
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        <title>MERRILL LYNCH MORTGAGE BACKED MLMBS 2007 3 2A1</title>
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        <identifiers>
          <isin value="US59025JAB17"/>
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        <balance>3320189.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1939351.720000</valUSD>
        <pctVal>0.0010342</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.70044</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS4170 FN 12/44 FIXED 4</title>
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          <isin value="US3138WDT438"/>
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        <balance>23893.140000</balance>
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        <curCd>USD</curCd>
        <valUSD>22724.990000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2024-RPL1</name>
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        <name>MERCURY CDO LTD 2004-1A</name>
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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL3</name>
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        <name>ASSET BACKED FUNDING CERT 2005-HE2</name>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2023-D</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>NATURE COAST RE LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2005-AC5</name>
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        <name>BRITISH AIRWAYS 2020-1 CLASS A PASS THROUGH TRUST</name>
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        <name>WASHING MUTUAL MTGE P/T 2006-7</name>
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        <name>INDYMAC INDX MTGE LOAN TRUST 2006-AR15</name>
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        <name>GREAT HALL MORTGAGES PLC 2007-2X</name>
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        <name>FIRST HORIZON MTGE PT TR 2007-AR3</name>
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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2013-8R</name>
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        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2013 8R 6A3 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH9019 FN 09/47 FIXED 4</title>
        <cusip>3140GYAV1</cusip>
        <identifiers>
          <isin value="US3140GYAV18"/>
        </identifiers>
        <balance>236125.700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223662.850000</valUSD>
        <pctVal>0.0001193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AX0992 FN 09/44 FIXED 4</title>
        <cusip>3138Y2C68</cusip>
        <identifiers>
          <isin value="US3138Y2C689"/>
        </identifiers>
        <balance>25511.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24238.560000</valUSD>
        <pctVal>0.0000129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL RJ0052 FR 10/53 FIXED 6.5</title>
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        <identifiers>
          <isin value="US3142GQBW14"/>
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        <balance>99006.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102659.000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-HYB2</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 HYB2 1A2</title>
        <cusip>12669GWS6</cusip>
        <identifiers>
          <isin value="US12669GWS64"/>
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        <balance>241586.170000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>235807.450000</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>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.36209</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEQUOIA MORTGAGE TRUST 2007-1</name>
        <lei>N/A</lei>
        <title>SEQUOIA MORTGAGE TRUST SEMT 2007 1 2A1</title>
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        <identifiers>
          <isin value="US81744HAD52"/>
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        <balance>1154106.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.30854</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS6400 FN 12/45 FIXED 4</title>
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        <identifiers>
          <isin value="US3138WGDE12"/>
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        <balance>320984.110000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>302620.120000</valUSD>
        <pctVal>0.0001614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>US RENAL CARE INC</name>
        <lei>54930058SS5MF69JGN89</lei>
        <title>U S RENAL CARE INC 2023 SUPERPRIORITY TERM LOAN</title>
        <cusip>90290PAS3</cusip>
        <identifiers>
          <isin value="US90290PAS39"/>
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        <balance>24331807.530000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23094900.090000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.4413</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>SOLD NZD BOUGHT USD 20250702</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FAKBBV419"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="NZD" exchangeRt="1.640600"/>
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        <pctVal>-0.0000237</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G08681 FG 12/45 FIXED 3.5</title>
        <cusip>3128MJXK1</cusip>
        <identifiers>
          <isin value="US3128MJXK11"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11913.530000</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>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE ALT-A SEC INC MTGE LO 2006-AR5</name>
        <lei>N/A</lei>
        <title>DEUTSCHE ALT A SECURITIES INC DBALT 2006 AR5 1A2</title>
        <cusip>25150NAB0</cusip>
        <identifiers>
          <isin value="US25150NAB01"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3607867.390000</valUSD>
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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>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD PEN BOUGHT USD 20250707</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25DBKBB72MN"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AH3622 FN 01/26 FIXED 4</title>
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          <isin value="US3138A5AY88"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ2973 FN 11/32 FIXED 2.5</title>
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          <isin value="US3140H4JT21"/>
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        <curCd>USD</curCd>
        <valUSD>2242.220000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>ARCAN-2A</name>
        <lei>N/A</lei>
        <title>ARCANO EURO CLO ARCAN 2A A</title>
        <cusip>ACI2YDJX3</cusip>
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          <isin value="XS3109623689"/>
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        <balance>91300000.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.189</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL7531 FN 09/28 FIXED VAR</title>
        <cusip>3138EQLM2</cusip>
        <identifiers>
          <isin value="US3138EQLM20"/>
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        <balance>1772.420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1749.250000</valUSD>
        <pctVal>0.0000009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FHLMC PASS THRU POOLS</name>
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        <name>RESIDENTIAL ASSET MORTGAGE PRODUCTS INC 2005-RS5</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H03</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>HARBORVIEW MORTGAGE LOAN TR 2006-3</name>
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        <name>RIO OIL FINANCE TRUST SERIES 2014-3</name>
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        <name>N/A</name>
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        <name>KENTMERE PLC 3A</name>
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        <name>FANNIE MAE GRANTOR TRUST 2001-T9</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>SBNA AUTO LEASE TRUST 2025-A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FIRST INVESTORS AUTO OWNER TRUST 2023-1A</name>
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        <name>WASHINGTON MUTUAL 2002-AR17</name>
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        <name>INDYMAC INDX MTGE LOAN TRUST 2006-AR13</name>
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      <invstOrSec>
        <name>FORD AUTO SECURITIZATION TRUST II SERIES 2024-BA ASSET-BACKED NOTES</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FREDDIE MAC 2256</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RAAC SERIES 2007-SP3</name>
        <lei>N/A</lei>
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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>Floating</couponKind>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY HOME EQUITY LN 2007-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2007-13</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SEQUOIA MORTGAGE TRUST 2004-10</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2025-NQM1</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2004-29</name>
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        <name>DEUTSCHE ALT-A SECURITIES, INC. 2006-AB4</name>
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        <name>ADJUSTABLE RATE MORTAGE TRUST 2005-10</name>
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        <name>N/A</name>
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        <name>FHLMC STRUCTURED PASS THRU SEC T-61</name>
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        <name>FANNIE MAE 2000-16</name>
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        <name>BANC OF AMERICA FUNDING CORP 2003-1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2023-7</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAPITAL LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTRYWIDE ASSET-BACKED CERTIFICATES 2007-8</name>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL INC 2004-NC7</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PALM RE LTD</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>MERRILL LYNCH MORTGAGE INVS 2006-HE6</name>
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        <identifiers>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>AMERICAN AIRLINES 2016-2 CLASS A PASS THROUGH TRUST</name>
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        <name>OBX 2022-NQM3 TRUST</name>
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        <name>AMERICAN HOME MORTGAGE INVESTMENT TRUST 2006-3</name>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2005-HE10</name>
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        <debtSec>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3159 FN 10/27 FIXED 3</title>
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        <name>FIRST HORIZON ALT MTGE SEC 2004-AA2</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2004-HYB7</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2004 HYB7 1A2</title>
        <cusip>12669GBZ3</cusip>
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          <isin value="US12669GBZ37"/>
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        <balance>128055.580000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ADJUST RATE MTG LN 2004-13</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CSMC TRUST 2018-RPL6</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TR 2007-WMC1</name>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP1</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-GC36</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT KWD SOLD USD 20270610</title>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-1A</name>
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        <name>FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF7</name>
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        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2005-12</name>
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        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2005 12 13A1</title>
        <cusip>07387AFZ3</cusip>
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        <name>GSR MORTGAGE LOAN TRUST 2004-11</name>
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        <name>BEAR STEARNS ADJ RATE MTGE TR 2004-6</name>
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        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2004 6 2A1</title>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.55000 08/21/24-10Y LCH</title>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>N/A</issuerName>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2006-WF1</name>
        <lei>N/A</lei>
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          <isin value="US863576FM12"/>
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        <balance>8947708.760000</balance>
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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>SOLD GBP BOUGHT USD 20250702</title>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140FTCV14"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81703.120000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIO OIL FINANCE TRUST SERIES 2018-1</name>
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        <curCd>USD</curCd>
        <valUSD>15370199.390000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.2</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>DEUTSCHE ALT-A SECURITIES INC 2007-AR2</name>
        <lei>N/A</lei>
        <title>DEUTSCHE ALT A SECURITIES INC DBALT 2007 AR2 A1</title>
        <cusip>25151UAA5</cusip>
        <identifiers>
          <isin value="US25151UAA51"/>
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        <balance>17116664.120000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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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>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 872239 FN 04/36 FIXED 6</title>
        <cusip>31409JBG4</cusip>
        <identifiers>
          <isin value="US31409JBG40"/>
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        <balance>5836.260000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6006.470000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH1166 FN 05/47 FIXED 4</title>
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          <isin value="US3140GPJL38"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/2.53700 07/24/23-30Y LCH</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TR 2006-EQ2</name>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2005-HE9</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.80000 09/05/23-5Y LCH</title>
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      <invstOrSec>
        <name>FIRST FRANKLIN MTG LOAN ABS 2006-FF15</name>
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      <invstOrSec>
        <name>CARMAX AUTO OWNER TRUST 2022-4</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FANNIE MAE REMICS 2019-62</name>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2022-D</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ALTICE FRANCE SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE ALT-A SECURITIES INC 2007-RMP1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HOME EQUITY PASS-THRU CERTS 2002-1</name>
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          <isin value="US22541NAB55"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>SECURITIZED ASSET BACKED RECEIVABLES LLC 2007-HE1</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FIRST HORIZON ALT MTG SEC 2006-AA5</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-15CB</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>WARWICK FINANCE RESIDENTIAL MORTGAGES 3A</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>CASCADE MH ASSET TRUST 2024-MH1</name>
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        <cusip>14731VAA6</cusip>
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          <isin value="US14731VAA61"/>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>OCTAGON INVESTMENT PARTNERS 39 LTD 2018-3A</name>
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        <cusip>67592CAL0</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>JP MORGAN MORTGAGE TRUST 2006-A3</name>
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        <name>JP MORGAN MORTGAGE TRUST SERIES 2024-CES2</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-19CB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LCM LOAN INCOME FUND I LTD</name>
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        <name>AMSURG LLC</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>NRZT 2019-5A</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>REACH ABS TRUST 2024-1A</name>
        <lei>N/A</lei>
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          <isin value="US75526PAA93"/>
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        <curCd>USD</curCd>
        <valUSD>1818054.020000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST HORIZON ALT MTG SEC 2005-AA6</name>
        <lei>N/A</lei>
        <title>FIRST HORIZON ALTERNATIVE MORT FHAMS 2005 AA6 2A1</title>
        <cusip>32051GPY5</cusip>
        <identifiers>
          <isin value="US32051GPY51"/>
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        <balance>3106.330000</balance>
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        <curCd>USD</curCd>
        <valUSD>2161.230000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2017-H02</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2017 H02 FJ</title>
        <cusip>38375UYN4</cusip>
        <identifiers>
          <isin value="US38375UYN44"/>
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        <curCd>USD</curCd>
        <valUSD>2069629.150000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-01-20</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC TRUST 2006-A12</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIZATI RAST 2006 A12 A3</title>
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        <identifiers>
          <isin value="US76113XAC56"/>
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        <balance>6386095.020000</balance>
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        <curCd>USD</curCd>
        <valUSD>2228664.140000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>CITIGROUP MTGE LOAN TR INC 2007-10</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 10 2A2A</title>
        <cusip>17313QAM0</cusip>
        <identifiers>
          <isin value="US17313QAM06"/>
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        <balance>1259243.560000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1091642.020000</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>2037-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.7828</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSMC 2022-ATH2</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2022 ATH2 A1 144A</title>
        <cusip>12665WAC4</cusip>
        <identifiers>
          <isin value="US12665WAC47"/>
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        <balance>15210761.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15166245.940000</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>2067-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.547</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>COUNTRYWIDE ALTERNATIVE LN TR 2007-5CB</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 5CB 1A13</title>
        <cusip>02150EAN3</cusip>
        <identifiers>
          <isin value="US02150EAN31"/>
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        <balance>1238311.450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>617799.400000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AX2491 FN 10/44 FIXED 4</title>
        <cusip>3138Y3XV8</cusip>
        <identifiers>
          <isin value="US3138Y3XV86"/>
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        <balance>1085364.300000</balance>
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        <curCd>USD</curCd>
        <valUSD>1033083.760000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2023-RP1</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2023 RP1 SA 144A</title>
        <cusip>173118AR1</cusip>
        <identifiers>
          <isin value="US173118AR11"/>
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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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      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2007-AHL2</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AHL2 A1 144A</title>
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          <isin value="US17312TAA16"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <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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      <invstOrSec>
        <name>GSMSC RESECURITIZATION TRUST 2015-6R</name>
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        <title>GS MORTGAGE SECURITIES CORP. GSMSC 2015 6R C 144A</title>
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          <isin value="US36248VAC19"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BN6212 FN 03/49 FIXED 4</title>
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          <isin value="US3140JN3W83"/>
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        <curCd>USD</curCd>
        <valUSD>752329.580000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROLEOS MEXICANOS (PEMEX)</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS COMPANY GUAR 01/50 7.69</title>
        <cusip>71654QDD1</cusip>
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          <isin value="US71654QDD16"/>
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        <curCd>USD</curCd>
        <valUSD>12750443.610000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.69</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AQ0546 FN 11/42 FIXED 3.5</title>
        <cusip>3138MFTC1</cusip>
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          <isin value="US3138MFTC19"/>
        </identifiers>
        <balance>4746.850000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4457.060000</valUSD>
        <pctVal>0.0000024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AV0703 FN 12/43 FIXED 4</title>
        <cusip>3138XBX90</cusip>
        <identifiers>
          <isin value="US3138XBX903"/>
        </identifiers>
        <balance>27065.510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26065.770000</valUSD>
        <pctVal>0.0000139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>CHASEFLEX TRUST 2007-M1</name>
        <lei>N/A</lei>
        <title>CHASEFLEX TRUST CFLX 2007 M1 1A3</title>
        <cusip>16165YAC6</cusip>
        <identifiers>
          <isin value="US16165YAC66"/>
        </identifiers>
        <balance>3671817.250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3461773.510000</valUSD>
        <pctVal>0.0018461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.11368</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 TR 2004-4</name>
        <lei>N/A</lei>
        <title>THORNBURG MORTGAGE SECURITIES TMST 2004 4 2A</title>
        <cusip>885220GD9</cusip>
        <identifiers>
          <isin value="US885220GD98"/>
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        <balance>3738288.150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3559817.040000</valUSD>
        <pctVal>0.0018984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.3711</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>EUROHOME UK MORTGAGE PLC 2007-2</name>
        <lei>N/A</lei>
        <title>EUROHOME UK MORTGAGES PLC EHMU 2007 2 M1 REGS</title>
        <cusip>B24529II0</cusip>
        <identifiers>
          <isin value="XS0311694029"/>
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        <balance>1600000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>2177027.010000</valUSD>
        <pctVal>0.001161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.68961</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>PARK PLACE SECURITIES INC 2005-WCW2</name>
        <lei>N/A</lei>
        <title>PARK PLACE SECURITIES INC PPSI 2005 WCW2 M3</title>
        <cusip>70069FLJ4</cusip>
        <identifiers>
          <isin value="US70069FLJ48"/>
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        <balance>17000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16402834.200000</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>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.25868</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>MORGAN STANLEY ABS CAPITAL I 2006-NC2</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2006 NC2 A2D</title>
        <cusip>617451EF2</cusip>
        <identifiers>
          <isin value="US617451EF20"/>
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        <balance>2496871.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2483335.760000</valUSD>
        <pctVal>0.0013243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.01368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ3938 FN 12/47 FIXED 3.5</title>
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        <identifiers>
          <isin value="US3140H5LU31"/>
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        <balance>501775.400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>461586.170000</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>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL BG6258 G2 06/48 FIXED 4</title>
        <cusip>3617GQ5T6</cusip>
        <identifiers>
          <isin value="US3617GQ5T66"/>
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        <balance>2011897.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1882616.650000</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>2048-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>ALESCO PREFERRED FUNDING LTD 10A</name>
        <lei>N/A</lei>
        <title>ALESCO PREFERRED FUNDING LTD ALESC 10A A1 144A</title>
        <cusip>01449WAA4</cusip>
        <identifiers>
          <isin value="US01449WAA45"/>
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        <balance>6102809.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5858697.370000</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>2036-09-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.9253</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>JP MORGAN MORTGAGE TRUST-2005-S2</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2005 S2 2A4</title>
        <cusip>466247UW1</cusip>
        <identifiers>
          <isin value="US466247UW12"/>
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        <balance>1860156.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1391602.970000</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>2035-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>STRUCTURED ADJ RATE MTGE LOAN 2006-4</name>
        <lei>N/A</lei>
        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2006 4 4A1</title>
        <cusip>86360BAG3</cusip>
        <identifiers>
          <isin value="US86360BAG32"/>
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        <balance>4352606.420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3064895.210000</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>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.8467</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>PREFERRED TERM SECURITIES XXVIII LTD/PREFERRED TERM SECURITIES XXVIII INC</name>
        <lei>N/A</lei>
        <title>PREF TERM SEC XXVIII LTD SR SECURED 144A 03/38 VAR</title>
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        <identifiers>
          <isin value="US74042CAA62"/>
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        <curCd>USD</curCd>
        <valUSD>14162210.990000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</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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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX ITRAXX MAIN43 5Y ICE</title>
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          <isin value="EZQ41P4DCR25"/>
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        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <issuerName>N/A</issuerName>
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                  <ticker value="ITRX"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ZCS BRL 13.2914 05/08/25-01/02/29 CME</title>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PETROLEOS DE VENEZUELA SA (PDVSA)</name>
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        <title>PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 04/27 5.375</title>
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        <curCd>USD</curCd>
        <valUSD>13317028.670000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP5</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSMC TRUST 2018-RPL10</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2018 RP10 B2 144A</title>
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          <isin value="US12655BAF58"/>
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        <curCd>USD</curCd>
        <valUSD>110646212.710000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX9151 FN 04/53 FIXED 6</title>
        <cusip>3140NEEZ4</cusip>
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          <isin value="US3140NEEZ49"/>
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        <curCd>USD</curCd>
        <valUSD>1388259.680000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMF CANADA LEASING TRUST ASSET-BACKED NOTES SERIES 2024-1A</name>
        <lei>N/A</lei>
        <title>GMF CANADA LEASING TRUST GCOLT 2024 1A A2 144A</title>
        <cusip>36252MDE7</cusip>
        <identifiers>
          <isin value="CA36252MDE71"/>
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        <balance>27190446.420000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.361800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.883</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2007-SHL1</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 SHL1 A 144A</title>
        <cusip>17312WAA4</cusip>
        <identifiers>
          <isin value="US17312WAA45"/>
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        <balance>7605803.610000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7484659.890000</valUSD>
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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>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LANDMARK MORTGAGE SEC PLC 2</name>
        <lei>N/A</lei>
        <title>LANDMARK MORTGAGE SECURITIES P LMS 2 AA REGS</title>
        <cusip>994ABCII0</cusip>
        <identifiers>
          <isin value="XS0287189004"/>
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        <balance>2922440.630000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.53948</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>WAMU MTGE P/T CERT 2007-OA5</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2007 OA5 1A</title>
        <cusip>93364BAA8</cusip>
        <identifiers>
          <isin value="US93364BAA89"/>
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        <balance>7221849.930000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6007968.900000</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>2047-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.14869</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>CENTEX HOME EQUITY 2004-C</name>
        <lei>N/A</lei>
        <title>CENTEX HOME EQUITY CXHE 2004 C M3</title>
        <cusip>152314KT6</cusip>
        <identifiers>
          <isin value="US152314KT62"/>
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        <balance>321194.080000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>314528.370000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.43868</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH6445 FN 07/47 FIXED 3.5</title>
        <cusip>3140GVET8</cusip>
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          <isin value="US3140GVET86"/>
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        <balance>45414.890000</balance>
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        <curCd>USD</curCd>
        <valUSD>41941.930000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H22 FJ</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H22 FA</title>
        <cusip>38376RC95</cusip>
        <identifiers>
          <isin value="US38376RC950"/>
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        <balance>4302820.520000</balance>
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        <curCd>USD</curCd>
        <valUSD>4312204.970000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.21602</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-HYB7</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 HYB7 3A1</title>
        <cusip>126694GC6</cusip>
        <identifiers>
          <isin value="US126694GC61"/>
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        <balance>13121556.800000</balance>
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        <curCd>USD</curCd>
        <valUSD>11284036.290000</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>2035-11-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.89256</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DBGS 2021-W52 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>DBGS MORTGAGE TRUST DBGS 2021 W52 A 144A</title>
        <cusip>23308LAA2</cusip>
        <identifiers>
          <isin value="US23308LAA26"/>
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        <balance>26500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26251172.950000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.82128</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 928413 FN 06/37 FIXED 6.5</title>
        <cusip>31412LN63</cusip>
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          <isin value="US31412LN638"/>
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        <curCd>USD</curCd>
        <valUSD>1732.380000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFRF USD SF+26.161/1.5* 7/20/23-6Y* CME</title>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RP11</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2019 RP11 1B1 144A</title>
        <cusip>12597GAE8</cusip>
        <identifiers>
          <isin value="US12597GAE89"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.59266</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-11</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 11 3A1</title>
        <cusip>12669GUM1</cusip>
        <identifiers>
          <isin value="US12669GUM13"/>
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        <balance>360917.960000</balance>
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        <curCd>USD</curCd>
        <valUSD>284546.890000</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>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.65488</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>RFR USD SOFR/2.46750 07/27/23-5Y LCH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZQNV0CHV4Z7"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7876392.510000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2004-6</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ACHV ABS TRUST 2025-1PL</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ANCHORAGE CREDIT FUNDING 3 LTD 2016-3A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STRUCTURED ASSET INVEST LN TR 2005-HE2</name>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2772 FN 10/46 FIXED 3.5</title>
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        <fairValLevel>2</fairValLevel>
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        <name>RESIDENTIAL ACCREDIT LOANS INC 2006-QS10</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FIRST FRANKLIN MTG LN ASSET CERT2003-FF3</name>
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        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2003 FF3 1A</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AVIS BUDGET RENTAL CAR FUNDING AESOP 2024-2A LLC</name>
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        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP 2024 2A A 144A</title>
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          <isin value="US05377RJG02"/>
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        <valUSD>87788847.780000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA MTGE SEC 2003-D</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2003 D 3A1</title>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-J3</name>
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      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ROMARK CREDIT FUNDING II LTD</name>
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      </invstOrSec>
      <invstOrSec>
        <name>TURKEY GOVT</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>VICI PROPERTIES LP / VICI NOTE CO INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSI ASSET SEC CORP TRUST 2006-OPT2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2006-B</name>
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          <isin value="US058928AN26"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140NHFF07"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>MORGAN STANLEY ABS CAPITAL I 2004-NC8</name>
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        <name>UNITED STATES GOVT</name>
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        <name>TESLA SUSTAINABLE ENERGY TRUST 2024-1A</name>
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        <name>PAGAYA AI DEBT TRUST 2023-3</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UNITED STATES GOVT</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL QF3249 FR 11/52 FIXED 6</title>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
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        <title>SOFI CONSUMER LOAN PROGR 06/34 0</title>
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          <ticker value="SCLP"/>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BCAP LLC TRUST 2007-AA2</name>
        <lei>N/A</lei>
        <title>BCAP LLC TRUST BCAP 2007 AA2 2A11</title>
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          <isin value="US05530NAZ06"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRANSDIGM INC</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TRANSDIGM, INC. 2023 TERM LOAN J</title>
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          <isin value="US89364MCA09"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>EUROSAIL PLC 2007-5X</name>
        <lei>N/A</lei>
        <title>EUROSAIL PLC ESAIL 2007 5X A1A REGS</title>
        <cusip>B29H4QII9</cusip>
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          <isin value="XS0328024608"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-13</maturityDt>
          <couponKind>Floating</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST FRANKLIN MTG LN ASSET 2003-FF5</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2003 FF5 M3</title>
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          <isin value="US32027NFF33"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIRECTV FINANCING LLC</name>
        <lei>N/A</lei>
        <title>DIRECTV FINANCING LLC TERM LOAN</title>
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          <isin value="US25460HAB87"/>
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        <balance>2481454.860000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE</title>
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          <isin value="US01F0526800"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL QN9983 FR 04/37 FIXED 3</title>
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          <isin value="US3133GHCU33"/>
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        <curCd>USD</curCd>
        <valUSD>392414.960000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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        <name>CAPE LOOKOUT RE LTD</name>
        <lei>N/A</lei>
        <title>CAPE LOOKOUT RE LTD UNSECURED 144A 04/27 VAR</title>
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          <isin value="US13947LAF94"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31418CXY55"/>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140E5DR25"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LEHMAN XS TRUST 2006-7</name>
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        <title>LEHMAN XS TRUST LXS 2006 7 1A1A</title>
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          <isin value="US52522EAA73"/>
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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>Floating</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA MTGE SECURITIES 2005-D</name>
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        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 D 1A1</title>
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          <isin value="US05949A4G28"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q52046 FG 11/47 FIXED 3.5</title>
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          <isin value="US3132XUHY45"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>WASHINGTON MUTUAL ASSET BACKED CTFS 2006-HE3</name>
        <lei>N/A</lei>
        <title>WASHINGTON MUTUAL ASSET BACKED WMABS 2006 HE3 2A4</title>
        <cusip>93934MAE7</cusip>
        <identifiers>
          <isin value="US93934MAE75"/>
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        <balance>8170701.920000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5177862.870000</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>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.91368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMB PRIVATE EDUCATION LOAN TRUST 2022-D</name>
        <lei>N/A</lei>
        <title>SMB PRIVATE EDUCATION LOAN TRU SMB 2022 D B 144A</title>
        <cusip>78454XAC8</cusip>
        <identifiers>
          <isin value="US78454XAC83"/>
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        <balance>34956858.830000</balance>
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        <curCd>USD</curCd>
        <valUSD>36113805.010000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH9370 FN 10/47 FIXED 3.5</title>
        <cusip>3140GYMU0</cusip>
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          <isin value="US3140GYMU07"/>
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        <balance>6712.710000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6206.280000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHAMROCK RESIDENTIAL 2023-1 DAC 23-1X</name>
        <lei>N/A</lei>
        <title>SHAMROCK RESIDENTIAL SROCK 2023 1X A REGS</title>
        <cusip>ACI2D6581</cusip>
        <identifiers>
          <isin value="XS2585545820"/>
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        <balance>14905700.820000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-06-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.899</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT GBP SOLD USD 20250702</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="25FCKBBNHSC"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT BRL SOLD USD 20250702</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25EPKBCDZQ3"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.433100"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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            <amtCurSold>198100275.000000</amtCurSold>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL FUNDING MTGE SEC 2007-S4</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL FUNDING MTG SEC I RFMSI 2007 S4 A14</title>
        <cusip>74958YAN2</cusip>
        <identifiers>
          <isin value="US74958YAN22"/>
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        <balance>520652.100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400596.390000</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>2037-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q58587 FG 09/48 FIXED 3.5</title>
        <cusip>3132Y2RH1</cusip>
        <identifiers>
          <isin value="US3132Y2RH11"/>
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        <balance>20379.360000</balance>
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        <curCd>USD</curCd>
        <valUSD>18631.990000</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>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSI ASSET SEC CORP TRUST 2006-OPT3</name>
        <lei>N/A</lei>
        <title>HSI ASSET SECURITIZATION CORPO HASC 2006 OPT3 M1</title>
        <cusip>40430HFN3</cusip>
        <identifiers>
          <isin value="US40430HFN35"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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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>2036-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.92868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 665301 FN 09/32 FIXED 6.5</title>
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          <isin value="US31391FDE51"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR JPY MUTK/0.17625 04/27/22-5Y LCH</title>
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        <name>EQUIFIRST MORTGAGE LOAN TRUST 2005-1</name>
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        <cusip>29445FCU0</cusip>
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        <name>COUNTRYWIDE HOME LOAN MORTGAGE PASS THROUGH TRUST 2007-J1</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2007-22</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 22 2A16</title>
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        <name>FANNIE MAE 2001-46</name>
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        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2024-RPL6</name>
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        <title>GS MORTGAGE BACKED SECURITIES GSMBS 2024 RPL6 PT 144A</title>
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          <isin value="US36272QAS66"/>
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        <curCd>USD</curCd>
        <valUSD>102322814.050000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHASE MORTGAGE FINANCE CORP 2007-A2</name>
        <lei>N/A</lei>
        <title>CHASE MORTGAGE FINANCE CORPORA CHASE 2007 A2 3A1</title>
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        <name>UMBS PASS THRU POOLS</name>
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      <invstOrSec>
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      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL7</name>
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        <name>N/A</name>
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        <name>LEHMAN XS TRUST 2005-6</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSMC 2021-RPL5 TRUST</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2021 RPL5 M3 144A</title>
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          <isin value="US12660QAF54"/>
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        <balance>18350200.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15348725.680000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.69934</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>TITANIUM 2L BONDCO SA RL</name>
        <lei>636700S4QMU2DWYOSF67</lei>
        <title>TITANIUM 2L BONDCO S.? R.L. EO 01/31 6.25</title>
        <cusip>ACI2R0R44</cusip>
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          <isin value="DE000A3L3AG9"/>
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        <balance>2955300.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>1026596.450000</valUSD>
        <pctVal>0.0005475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2007-C</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2007 C 1A3</title>
        <cusip>059522AV4</cusip>
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          <isin value="US059522AV40"/>
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        <balance>39994.180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34985.900000</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>2036-05-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.8461</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QA2045 FR 08/49 FIXED 3.5</title>
        <cusip>31334YHW0</cusip>
        <identifiers>
          <isin value="US31334YHW03"/>
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        <balance>1230660.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1121732.090000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE TRUST 2013-MH1</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2013 MH1 A 144A</title>
        <cusip>12647RAA2</cusip>
        <identifiers>
          <isin value="US12647RAA23"/>
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        <balance>80434289.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71883714.520000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.69913</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <cusip>31416W6J6</cusip>
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          <isin value="US31416W6J66"/>
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        <balance>2112.990000</balance>
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        <curCd>USD</curCd>
        <valUSD>2099.980000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2007-AR5</name>
        <lei>N/A</lei>
        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2007 AR5 4A21</title>
        <cusip>45669EAM8</cusip>
        <identifiers>
          <isin value="US45669EAM84"/>
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        <balance>37115211.140000</balance>
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        <curCd>USD</curCd>
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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>2037-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.45958</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="25CJKBB2548"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMERIQUEST MORTGAGE SEC 2005-R3</name>
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        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R3 M7</title>
        <cusip>03072SA54</cusip>
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          <isin value="US03072SA545"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US36179TE358"/>
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        <curCd>USD</curCd>
        <valUSD>34118.310000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>SMALL BUSINESS ADMIN PART CERTS 2008-20D</name>
        <lei>N/A</lei>
        <title>SMALL BUSINESS ADMINISTRATION SBAP 2008 20D 1</title>
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          <isin value="US83162CRS43"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138WDT271"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC TRUST 2006-A12</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>SIERRA HAMILTON HOLDINGS LLC</name>
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          <other otherDesc="Internal ID" value="EQTY001A0"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAP CERT 2009-13R</name>
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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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        <securityLending>
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      <invstOrSec>
        <name>PRPM 2024-RCF2 LLC</name>
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          <isin value="US693987AA72"/>
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        <balance>7128754.990000</balance>
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        <curCd>USD</curCd>
        <valUSD>6942161.970000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS8009 FN 10/31 FIXED 2.5</title>
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          <isin value="US3138WH3T79"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GSR MORTGAGE LOAN TRUST 2005-1F</name>
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          <isin value="US36242DVK61"/>
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        <balance>33969.810000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CEDAR FUNDING VI CLO LTD 2016-6A</name>
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        <curCd>USD</curCd>
        <valUSD>15043500.000000</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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        <securityLending>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP 2018-SP2</name>
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        <identifiers>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AV2219 FN 12/43 FIXED 3.5</title>
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          <isin value="US3138XDPD60"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITED AIRLINES 2019-2 CLASS AA PASS THROUGH TRUST</name>
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        <title>UNITED AIR 2019 2 AA PTT PASS THRU CE 11/33 2.7</title>
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          <isin value="US90932JAA07"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2003-BC2</name>
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        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2003 BC2 2A1</title>
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          <isin value="US126671YB67"/>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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      <invstOrSec>
        <name>IMPAC CMB TR 2004-4</name>
        <lei>N/A</lei>
        <title>IMPAC CMB TRUST IMM 2004 4 1A1</title>
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          <isin value="US45254NHS99"/>
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        <balance>6454.290000</balance>
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        <curCd>USD</curCd>
        <valUSD>6441.050000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>FREMONT HOME LOAN TRUST 2006-B</name>
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          <isin value="US35729QAE89"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 670551 FN 08/32 FIXED 6.5</title>
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          <isin value="US31391L5L53"/>
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        <balance>714.470000</balance>
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        <curCd>USD</curCd>
        <valUSD>738.430000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.6062* 03/01/24-7Y* LCH</title>
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        <identifiers>
          <isin value="EZBKXTPHC9Q8"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-284934.170000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
              <counterpartyLei>F226TOH6YD6XJB17KS62</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <other otherDesc="Internal_ID" value="SWU020QL1-USD-SOFR-COMPOUND"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>123000000.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-284934.170000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2022 RP2</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2022 RP2 SA 144A</title>
        <cusip>17330JAR4</cusip>
        <identifiers>
          <isin value="US17330JAR41"/>
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        <balance>567400.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533473.530000</valUSD>
        <pctVal>0.0002845</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.74901 03/01/24-7Y* LCH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZBKXTPHC9Q8"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-813794.980000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
              <counterpartyLei>F226TOH6YD6XJB17KS62</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>USD-SOFR-COMPOUND</issueTitle>
                <identifiers>
                  <other otherDesc="Internal_ID" value="SWU020ZY3-USD-SOFR-COMPOUND"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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            <unrealizedAppr>-813794.980000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GAZPROM PJSC VIA GAZ CAPITAL SA</name>
        <lei>213800568PRHV2JR9650</lei>
        <title>GAZPROM (GAZ CAPITAL SA) SR UNSECURED 144A 04/34 8.625</title>
        <cusip>368266AA0</cusip>
        <identifiers>
          <isin value="US368266AA08"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97676250.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625</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>MERRILL LYNCH MTGE INV TRUST 2005-A4</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2005 A4 2A2</title>
        <cusip>59020UXK6</cusip>
        <identifiers>
          <isin value="US59020UXK68"/>
        </identifiers>
        <balance>293330.060000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262426.710000</valUSD>
        <pctVal>0.0001399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.7864</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>RFR USD SOFR/3.60000 01/17/24-10Y LCH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZ3PH80XK7T0"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>455063.000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>USD-SOFR-COMPOUND</issueTitle>
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                  <other otherDesc="Internal_ID" value="SWU020RA4-USD-SOFR-COMPOUND"/>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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            <upfrontRcpt>-459330.000000</upfrontRcpt>
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            <curCd>USD</curCd>
            <unrealizedAppr>914393.000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AD5541 FN 05/30 FIXED 5</title>
        <cusip>31418TEP8</cusip>
        <identifiers>
          <isin value="US31418TEP84"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4306.800000</valUSD>
        <pctVal>0.0000023</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZN3502 FR 02/49 FIXED 4</title>
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          <isin value="US3131Y93K77"/>
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        <curCd>USD</curCd>
        <valUSD>152970.890000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TR 2007-OPT1</name>
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        <title>SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2007 OPT1 1A1</title>
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        <identifiers>
          <isin value="US83612TAA07"/>
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        <curCd>USD</curCd>
        <valUSD>83509742.560000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.63368</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>N/A</name>
        <lei>N/A</lei>
        <title>FORD MOTOR COMPANY SNR S* ICE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZ9L4HD15422"/>
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        <balance>1.000000</balance>
        <units>NC</units>
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        <valUSD>1260878.200000</valUSD>
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        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>INTERCONTINENTAL EXCHANGE</counterpartyName>
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                <issuerName>FORD MOTOR COMPANY</issuerName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MTGE LOAN TRUST 2005-AR12</name>
        <lei>N/A</lei>
        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2005 AR12 2A1A</title>
        <cusip>45660LMG1</cusip>
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          <isin value="US45660LMG13"/>
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        <balance>996970.300000</balance>
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        <curCd>USD</curCd>
        <valUSD>918777.120000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2005-RF1</name>
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        <title>STRUCTURED ASSET SECURITIES CO SASC 2005 RF1 A 144A</title>
        <cusip>86359DBW6</cusip>
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          <isin value="US86359DBW65"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREENPOINT MTGE FUNDING TR 2006-AR3</name>
        <lei>N/A</lei>
        <title>GREENPOINT MORTGAGE FUNDING TR GPMF 2006 AR3 4A1</title>
        <cusip>39538WHF8</cusip>
        <identifiers>
          <isin value="US39538WHF86"/>
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        <balance>7445665.070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6609688.880000</valUSD>
        <pctVal>0.0035248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.85368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 894625 FN 11/36 FIXED 6.5</title>
        <cusip>31410Q4J7</cusip>
        <identifiers>
          <isin value="US31410Q4J71"/>
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        <balance>1855.180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1932.410000</valUSD>
        <pctVal>0.000001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BW4939 FN 05/53 FIXED 4.5</title>
        <cusip>3140MWPZ3</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-1</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2024 1 A3</title>
        <cusip>80288AAC6</cusip>
        <identifiers>
          <isin value="US80288AAC62"/>
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        <balance>6828628.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6840438.110000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MTGE INVESTOR INC 2004-HE1</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 HE1 B1 144A</title>
        <cusip>59020UFL4</cusip>
        <identifiers>
          <isin value="US59020UFL44"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BC0823 FN 04/46 FIXED 3.5</title>
        <cusip>3140EU4H9</cusip>
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          <isin value="US3140EU4H95"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC SR UNSECURED 03/28 VAR</title>
        <cusip>404280BK4</cusip>
        <identifiers>
          <isin value="US404280BK42"/>
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        <balance>11280000.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-13</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2006-HYB2</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2006 HYB2 2A1B</title>
        <cusip>126694D21</cusip>
        <identifiers>
          <isin value="US126694D216"/>
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        <curCd>USD</curCd>
        <valUSD>750908.670000</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>2036-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.6227</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA8266 G2 09/52 FIXED 3.5</title>
        <cusip>36179XFF8</cusip>
        <identifiers>
          <isin value="US36179XFF87"/>
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        <balance>66438442.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60619710.760000</valUSD>
        <pctVal>0.0323274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>LONG BEACH MTGE LOAN TRUST 2004-6</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 6 M1</title>
        <cusip>542514JM7</cusip>
        <identifiers>
          <isin value="US542514JM70"/>
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        <balance>3141897.050000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2985172.940000</valUSD>
        <pctVal>0.0015919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.63368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AX0825 FN 09/44 FIXED 4</title>
        <cusip>3138Y14K8</cusip>
        <identifiers>
          <isin value="US3138Y14K84"/>
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        <balance>25086.040000</balance>
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        <curCd>USD</curCd>
        <valUSD>23859.540000</valUSD>
        <pctVal>0.0000127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>COUNTRYWIDE HOME LOANS 2005-3</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 3 1A2</title>
        <cusip>12669GTQ4</cusip>
        <identifiers>
          <isin value="US12669GTQ46"/>
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        <balance>2678318.140000</balance>
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        <curCd>USD</curCd>
        <valUSD>2553310.850000</valUSD>
        <pctVal>0.0013616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.01368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL 788662 FH 09/31 FLOATING VAR</title>
        <cusip>31295MTT7</cusip>
        <identifiers>
          <isin value="US31295MTT70"/>
        </identifiers>
        <balance>80432.800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81944.810000</valUSD>
        <pctVal>0.0000437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.23</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 725553 FN 09/33 FLOATING VAR</title>
        <cusip>31402DBW9</cusip>
        <identifiers>
          <isin value="US31402DBW92"/>
        </identifiers>
        <balance>218.710000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219.910000</valUSD>
        <pctVal>0.0000001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.725</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZS7751 FR 01/29 FIXED 3</title>
        <cusip>3132A8TG4</cusip>
        <identifiers>
          <isin value="US3132A8TG48"/>
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        <balance>1659304.550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1632942.950000</valUSD>
        <pctVal>0.0008708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL2487 FN 06/42 FIXED VAR</title>
        <cusip>3138EJXR4</cusip>
        <identifiers>
          <isin value="US3138EJXR46"/>
        </identifiers>
        <balance>221929.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>214583.960000</valUSD>
        <pctVal>0.0001144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>FANNIE MAE 2008-67</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2008 67 ZM</title>
        <cusip>31397MCS4</cusip>
        <identifiers>
          <isin value="US31397MCS44"/>
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        <balance>940755.010000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>958601.890000</valUSD>
        <pctVal>0.0005112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC SR UNSECURED 05/29 VAR</title>
        <cusip>06738EBD6</cusip>
        <identifiers>
          <isin value="US06738EBD67"/>
        </identifiers>
        <balance>54550000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55130316.540000</valUSD>
        <pctVal>0.0294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.972</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AX6765 FN 01/45 FIXED 4</title>
        <cusip>3138Y8QT0</cusip>
        <identifiers>
          <isin value="US3138Y8QT01"/>
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        <balance>212531.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201834.500000</valUSD>
        <pctVal>0.0001076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-3A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <balance>46956.060000</balance>
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        <curCd>USD</curCd>
        <valUSD>46769.660000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.16868</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NOMURA ASSET ACCEPTANCE CORP 2003-A1</name>
        <lei>N/A</lei>
        <title>NOMURA ASSET ACCEPTANCE CORPOR NAA 2003 A1 A5</title>
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        <balance>5383.840000</balance>
        <units>PA</units>
        <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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZA5894 FR 11/48 FIXED 4</title>
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          <isin value="US31329PRP08"/>
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        <balance>232868.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>220054.510000</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>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET MTGE PROD 2005-EFC5</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 EFC5 M4</title>
        <cusip>76112BH78</cusip>
        <identifiers>
          <isin value="US76112BH781"/>
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        <balance>11246000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10892447.130000</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>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.30368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AI8463 FN 07/41 FIXED 4.5</title>
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          <isin value="US3138ANMM26"/>
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        <units>PA</units>
        <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>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>20 TIMES SQUARE TRUST 2018-20TS</name>
        <lei>N/A</lei>
        <title>20 TSQ GROUNDCO LLC TSQ 2018 20TS B 144A</title>
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          <isin value="US90137LAC46"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA5561 FN 04/50 FIXED 3.5</title>
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          <isin value="US3140QDFB51"/>
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        <balance>22612554.930000</balance>
        <units>PA</units>
        <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>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA MTGE SECURITIES 2005-D</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 D 2A6</title>
        <cusip>05949A4Q0</cusip>
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          <isin value="US05949A4Q00"/>
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        <balance>498769.310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>446667.570000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40283</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP 2007-HE3</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP. ACE 2007 HE3 A1</title>
        <cusip>00442GAA8</cusip>
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          <isin value="US00442GAA85"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4211646.250000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.87368</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>COLOMBIA LA SP BPS</title>
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          <isin value="EZXKWXGHTDT1"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA4420 FN 10/49 FIXED 3</title>
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          <isin value="US3140QB4E50"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>FIRST FRANKLIN MTG LOAN 2006-FF18</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF18 A2D</title>
        <cusip>32029AAE7</cusip>
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          <isin value="US32029AAE73"/>
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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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          <maturityDt>2037-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>IMPERIAL BRANDS FINANCE PLC (AKA: IMPERIAL TOBACCO FINANCE PLC)</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET MTGE PROD 2007-RZ1</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2007 RZ1 M1S</title>
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          <isin value="US74923PAD50"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/4.45000 10/31/23-10Y LCH</title>
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      <invstOrSec>
        <name>MERRILL LYNCH 1ST FRANKLIN MTG LN 2007-1</name>
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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>N/A</name>
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      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TR 2004-11</name>
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      <invstOrSec>
        <name>DURHAM MORTGAGES B PLC 24-BA</name>
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        <name>GREENSKY HOME IMPROVEMENT TRUST 2024-2</name>
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        <name>TIKEHAU CLO V BV 5A</name>
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      <invstOrSec>
        <name>WASHINGTON MUTUAL 2006-AR5</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>OBX 2024-HYB2 TRUST</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>WASHINGTON MUTUAL 2005-AR18</name>
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        <name>AMERICAN HOME MORTGAGE INVT TR 2006-1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CARVANA AUTO RECEIVABLES TRUST 2024-N2</name>
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        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N2 A3 144A</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>HOUT BAY 2006-1</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MEXICO GOVT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST 2018-B</name>
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        <name>BEAR STEARNS ALT-A TRUST 2006-3</name>
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        <name>FLATIRON CLO LTD 2019-1A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>RESIDENTIAL ACCREDIT LOANS 2006-QS15</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>CUMULUS STATIC CLO 2024-1 DAC 24-1A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>ARGENT SECURITIES INC 2004-W11</name>
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        <name>N/A</name>
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        <name>CVC CORDATUS OPPORTUNITY LOAN FUND DAC 1A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>GNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STRUCTURED ASSET INV LN TR 2003-BC10</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>CHASE FUNDING MORTGAGE LOAN AS 2004-1</name>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST 2024-3A</name>
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        <name>LEHMAN MORTGAGE TRUST 2006-3 2006-3</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-RPL2</name>
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        <name>ROUNDSTONE SECURITIES NO 2 DESIGNATED ACTIVITY CO 2A</name>
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        <name>CSMC 2021-RPL5 TRUST</name>
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        <name>CSMCM TRUST 2018-RP11</name>
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        <name>N/A</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH7626 FN 08/47 FIXED 4</title>
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          <isin value="US3140GWPL15"/>
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        <curCd>USD</curCd>
        <valUSD>744639.660000</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>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BCAP LLC TRUST 2013-RR7</name>
        <lei>N/A</lei>
        <title>BCAP LLC TRUST BCAP 2013 RR7 2A2 144A</title>
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        <identifiers>
          <isin value="US05542RAF10"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4387001.450000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.02066</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BRITISH AIRWAYS 2018-1 CLASS AA PASS THROUGH TRUST</name>
        <lei>N/A</lei>
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        <cusip>11042TAA1</cusip>
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          <isin value="US11042TAA16"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3530422.430000</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>2033-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AP4746 FN 08/27 FIXED 3</title>
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          <isin value="US3138M8HY26"/>
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        <balance>13901.550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13713.730000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2023-P3</name>
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          <isin value="US14688GAD60"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BENEFIT STREET PARTNERS CLO IV LTD 2014-IVA</name>
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          <isin value="US08180FBU49"/>
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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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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140NPRE20"/>
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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>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL2</name>
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        <identifiers>
          <isin value="US36265TAB61"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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          <isin value="US3128MJZX14"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMERIQUEST MTGE SEC INC 2004-R9</name>
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        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2004 R9 M3</title>
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        <identifiers>
          <isin value="US03072SUQ64"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140NNW501"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COLT 2021-RPL1 MORTGAGE LOAN TRUST</name>
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        <debtSec>
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      <invstOrSec>
        <name>CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2016-3A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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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>BANC OF AMERICA FUNDING CORP 2007-A</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GSAMP TRUST 2007-FM2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-4</name>
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        <name>INDYMAC INDX MORTGAGE LOAN TR 2006-AR25</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FANNIE MAE 2005-122</name>
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      <invstOrSec>
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        <name>PREFERRED TERM SECURITIES XXVII LTD/PREFERRED TERM SECURITEIS XXVII INC</name>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-2</name>
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        <name>MASTER ALTERNATIVE LOANS TR 2003-7</name>
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        <title>MASTR ALTERNATIVE LOANS TRUST MALT 2003 7 7A18</title>
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        <name>SECURITIZED ASSET BACKED REC 2006-HE1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      </invstOrSec>
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        <name>BEAR STEARNS ALT-A TRUST 2006-1</name>
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          <isin value="US07386HC254"/>
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        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-12CB</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 12CB A5</title>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2006-AR2</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR2 1A1</title>
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          <isin value="US92925CDQ24"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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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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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BM3384 FN 10/27 FIXED VAR</title>
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          <isin value="US3140J7XN06"/>
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        <balance>6314.230000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DANSKE BANK A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>DANSKE BANK A/S DANSKE BANK A/S</title>
        <cusip>23636ABG5</cusip>
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          <isin value="US23636ABG58"/>
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        <curCd>USD</curCd>
        <valUSD>18825513.980000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.427</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL V83497 FG 10/47 FIXED 3.5</title>
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          <isin value="US3132L83E55"/>
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        <balance>72413.380000</balance>
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        <curCd>USD</curCd>
        <valUSD>66552.310000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CDC MORTGAGE CAPITAL TRUST 2004-HE3</name>
        <lei>N/A</lei>
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          <isin value="US12506YDF34"/>
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        <balance>16502.880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19625.670000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.34868</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSET BACKED FUNDING CERTS 2004-OPT5</name>
        <lei>N/A</lei>
        <title>ASSET BACKED FUNDING CERTIFICA ABFC 2004 OPT5 A1</title>
        <cusip>04542BJY9</cusip>
        <identifiers>
          <isin value="US04542BJY92"/>
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        <balance>1649969.140000</balance>
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        <curCd>USD</curCd>
        <valUSD>1657072.090000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA5875 G2 04/49 FIXED 3.5</title>
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        <identifiers>
          <isin value="US36179UQ475"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INVESTOR 2006-RM2</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 RM2 A1A</title>
        <cusip>590216AA5</cusip>
        <identifiers>
          <isin value="US590216AA57"/>
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        <balance>7006159.100000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.80368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DURHAM MORTGAGES 24-AA</name>
        <lei>N/A</lei>
        <title>DURHAM MORTGAGES DRHM 2024 AA E 144A</title>
        <cusip>ACI2N0NH3</cusip>
        <identifiers>
          <isin value="XS2761211890"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <issuerCat>CORP</issuerCat>
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        <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>RFR USD SOFR/3.30000 12/02/24-7Y* CME</title>
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          <isin value="EZKHRJGZF457"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>HOME EQUITY ASSET TRUST 2006-6</name>
        <lei>N/A</lei>
        <title>HOME EQUITY ASSET TRUST HEAT 2006 6 2A3</title>
        <cusip>437097AD0</cusip>
        <identifiers>
          <isin value="US437097AD03"/>
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        <balance>303628.860000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2023-P4</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 P4 A4 144A</title>
        <cusip>14687NAD2</cusip>
        <identifiers>
          <isin value="US14687NAD21"/>
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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>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO HOME EQUITY TRUST 2006-1</name>
        <lei>N/A</lei>
        <title>WELLS FARGO HOME EQUITY TRUST WFHET 2006 1 M4</title>
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        <identifiers>
          <isin value="US9497EUAL12"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL DA6015 FN 03/54 FIXED 6.5</title>
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          <isin value="US3140A6VH63"/>
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        <curCd>USD</curCd>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA1057 FN 01/48 FIXED 4</title>
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          <isin value="US3140Q8E761"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>STRUCTURED ASSET SECURITIES CORPORATION 2007-EQ1</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SPECIALTY UNDERWRNG &amp; RES FIN 2006-BC5</name>
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        <title>SPECIALTY UNDERWRITING + RESID SURF 2006 BC5 A1</title>
        <cusip>84751NAA2</cusip>
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          <isin value="US84751NAA28"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</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>IMPAC CMB TRUST 2005-2</name>
        <lei>N/A</lei>
        <title>IMPAC CMB TRUST IMM 2005 2 1A1</title>
        <cusip>45254NMY0</cusip>
        <identifiers>
          <isin value="US45254NMY03"/>
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        <balance>931946.670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>915640.030000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.95368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX8556 FN 04/53 FIXED 5.5</title>
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          <isin value="US3140NDQJ95"/>
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        <balance>31521.770000</balance>
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        <curCd>USD</curCd>
        <valUSD>31635.060000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT BASED ASSET SRVC &amp; SEC 2007-CB6</name>
        <lei>N/A</lei>
        <title>CREDIT BASED ASSET SERVICING A CBASS 2007 CB6 A1 144A</title>
        <cusip>1248RHAA5</cusip>
        <identifiers>
          <isin value="US1248RHAA57"/>
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        <balance>4127599.130000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2715871.070000</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>2037-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.55368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="EZYP4979H2H4"/>
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        <balance>-21900000.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-14322.600000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>UBS AG</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                    <counterpartyName>UBS AG</counterpartyName>
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                    <name>N/A</name>
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                    <units>NC</units>
                    <currencyConditional curCd="TRY" exchangeRt="N/A"/>
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            <shareNo>N/A</shareNo>
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      <invstOrSec>
        <name>LANDMARK MORTGAGE SEC PLC 2</name>
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          <isin value="XS0287192727"/>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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          <isin value="US06738ECK91"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>CPS AUTO RECEIVABLES TRUST 2024-D</name>
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        <name>MORGAN STANLEY IXIS RE CAP TR 2006-2</name>
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        <title>MORGAN STANLEY IXIS REAL ESTAT MSIX 2006 2 AFPT</title>
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        <name>VALLEY FUNDING PLC 1A</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>PRIME PROPERTY FUND LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>COLLEGE AVE STUDENT LOANS LLC 2023-B</name>
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        <title>COLLEGE AVE STUDENT LOANS CASL 2023 B D 144A</title>
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          <isin value="US19425MAE84"/>
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        <curCd>USD</curCd>
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        <name>REGATTA XIX FUNDING LTD</name>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-1</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS ZAR 8.00100 01/06/25-6Y CME</title>
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          <isin value="EZX05JH7BB81"/>
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        <balance>1.000000</balance>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="24ITKBCGRQ8"/>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
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        <balance>61400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65510927.090000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSMC 2021-RPL8 TRUST</name>
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        <identifiers>
          <isin value="US12662NAH61"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14115384.350000</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>
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          <couponKind>Variable</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2006-J5</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 J5 1A1</title>
        <cusip>12668EAA5</cusip>
        <identifiers>
          <isin value="US12668EAA55"/>
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        <balance>2880882.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1497159.970000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOMURA HOME EQUITY LOAN INC 2006-HE1</name>
        <lei>N/A</lei>
        <title>NOMURA HOME EQUITY LOAN INC NHELI 2006 HE1 M2</title>
        <cusip>65536HCT3</cusip>
        <identifiers>
          <isin value="US65536HCT32"/>
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        <balance>2232941.060000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2086610.400000</valUSD>
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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>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3558 FN 01/34 FIXED 3</title>
        <cusip>31418C5U4</cusip>
        <identifiers>
          <isin value="US31418C5U45"/>
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        <balance>47013.770000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45612.470000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BW6224 FN 08/52 FIXED 6</title>
        <cusip>3140MX4J0</cusip>
        <identifiers>
          <isin value="US3140MX4J09"/>
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        <balance>25082.600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25657.580000</valUSD>
        <pctVal>0.0000137</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AY9719 FN 06/45 FIXED 4</title>
        <cusip>3138YPYR7</cusip>
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          <isin value="US3138YPYR76"/>
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        <curCd>USD</curCd>
        <valUSD>682101.030000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2007-4</name>
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        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2007 4 1A1</title>
        <cusip>68403FAA4</cusip>
        <identifiers>
          <isin value="US68403FAA49"/>
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        <balance>50282124.550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35599955.370000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.65368</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>COLOMBIA LA SP JPM</title>
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        <identifiers>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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                <issuerName>COLOMBIAN GOVT</issuerName>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000"/>
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            <curCd>USD</curCd>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RASC TRUST 2005-AHL1</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIES C RASC 2005 AHL1 M2</title>
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        <identifiers>
          <isin value="US76110W4G82"/>
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        <balance>6868660.350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6586732.060000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.13868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2003-AC7</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2003 AC7 A1</title>
        <cusip>07384YPH3</cusip>
        <identifiers>
          <isin value="US07384YPH35"/>
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        <balance>3401622.830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2838491.990000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2006-QS8</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QS8 A3</title>
        <cusip>75115AAC5</cusip>
        <identifiers>
          <isin value="US75115AAC53"/>
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        <balance>5769520.180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4825254.540000</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>2036-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>BEAR STEARNS ADJ RATE MTGE TR 2007-3</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2007 3 1A1</title>
        <cusip>073881AA2</cusip>
        <identifiers>
          <isin value="US073881AA25"/>
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        <balance>1831648.770000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1652327.240000</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>2047-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.2499</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>HOME EQUITY PASS-THRU CERTS 2005-7</name>
        <lei>N/A</lei>
        <title>HOME EQUITY ASSET TRUST HEAT 2005 7 M2</title>
        <cusip>437084PA8</cusip>
        <identifiers>
          <isin value="US437084PA87"/>
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        <balance>3056144.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2925033.340000</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>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZA2703 FR 04/27 FIXED 3</title>
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        <identifiers>
          <isin value="US31329LAC63"/>
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        <balance>281379.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277782.490000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>PARK PLACE SEC INC 2005-WHQ3</name>
        <lei>N/A</lei>
        <title>PARK PLACE SECURITIES INC PPSI 2005 WHQ3 M6</title>
        <cusip>70069FJU2</cusip>
        <identifiers>
          <isin value="US70069FJU21"/>
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        <balance>4641000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4002260.560000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.48368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AY6182 FN 03/45 FIXED 4</title>
        <cusip>3138YK2Q5</cusip>
        <identifiers>
          <isin value="US3138YK2Q57"/>
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        <balance>368151.720000</balance>
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        <curCd>USD</curCd>
        <valUSD>349393.150000</valUSD>
        <pctVal>0.0001863</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>FIRST FRANKLIN MTG LN ASSET CERT2005-FF8</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2005 FF8 M3</title>
        <cusip>362341QT9</cusip>
        <identifiers>
          <isin value="US362341QT92"/>
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        <balance>10120433.160000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9331305.540000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37868</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>SPRINGLEAF FINANCE (AGFC CAPITAL TRUST I)</name>
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        <title>AGFC CAPITAL TRUST I COMPANY GUAR 144A 01/67 VAR</title>
        <cusip>00846NAA5</cusip>
        <identifiers>
          <isin value="US00846NAA54"/>
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        <balance>105720000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73907266.200000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL DA5748 FN 12/53 FIXED 6.5</title>
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        <identifiers>
          <isin value="US3140A6L610"/>
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        <balance>11023645.710000</balance>
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        <curCd>USD</curCd>
        <valUSD>11426473.090000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL7</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2019 RPL7 B3 144A</title>
        <cusip>12597AAF8</cusip>
        <identifiers>
          <isin value="US12597AAF84"/>
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        <balance>118734054.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62864291.070000</valUSD>
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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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2014-11</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2014 11 2A2 144A</title>
        <cusip>17323JAE2</cusip>
        <identifiers>
          <isin value="US17323JAE29"/>
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        <balance>27971105.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.7192</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE4053 FN 01/47 FIXED 3.5</title>
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          <isin value="US3140FPQF95"/>
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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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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2025-HMST</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MERRILL LYNCH BAMLL 2025 HMST B 144A</title>
        <cusip>05555XAB1</cusip>
        <identifiers>
          <isin value="US05555XAB10"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TREASURY BILL 09/25 0.00000</title>
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        <identifiers>
          <isin value="US912797MH75"/>
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        <balance>9842000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9766498.580000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>VOYA CLO 2024-1A LTD</name>
        <lei>N/A</lei>
        <title>VOYA CLO LTD VOYA 2024 1A A1 144A</title>
        <cusip>92920DAA3</cusip>
        <identifiers>
          <isin value="US92920DAA37"/>
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        <balance>13330000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13396650.000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.7761</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL 1N0365 FH 02/37 FLOATING VAR</title>
        <cusip>3128QGMN9</cusip>
        <identifiers>
          <isin value="US3128QGMN93"/>
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        <balance>683.280000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>685.880000</valUSD>
        <pctVal>0.0000004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-14CB</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 14CB A1</title>
        <cusip>021468AA1</cusip>
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          <isin value="US021468AA17"/>
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        <balance>7122581.460000</balance>
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        <curCd>USD</curCd>
        <valUSD>3864887.200000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERIQUEST MTGE SECURITIES INC 2005-R5</name>
        <lei>N/A</lei>
        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R5 M6</title>
        <cusip>03072SE76</cusip>
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          <isin value="US03072SE760"/>
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        <balance>9000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8120467.800000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ARGENT SECURITIES INC 2006-M1</name>
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        <title>ARGENT SECURITIES INC. ARSI 2006 M1 A1</title>
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          <isin value="US04012MAM10"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3590 FN 02/39 FIXED 4</title>
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          <isin value="US31418C7C29"/>
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        <curCd>USD</curCd>
        <valUSD>378916.080000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CB6862 FN 08/53 FIXED 5</title>
        <cusip>3140QSTU5</cusip>
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          <isin value="US3140QSTU55"/>
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        <balance>16660532.100000</balance>
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        <curCd>USD</curCd>
        <valUSD>16409685.630000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AZ9840 FN 09/45 FIXED 4</title>
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          <isin value="US3140E25A59"/>
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        <balance>363464.890000</balance>
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        <curCd>USD</curCd>
        <valUSD>343657.520000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROSUS NV</name>
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          <isin value="USN7163RAR41"/>
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        <balance>800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>708921.720000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.061</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>ROUNDSTONE SECURITIES NO 2 DESIGNATED ACTIVITY CO 2A</name>
        <lei>N/A</lei>
        <title>ROUNDSTONE SECURITIES RNST 2A X2</title>
        <cusip>ACI2NGD30</cusip>
        <identifiers>
          <isin value="XS2779838346"/>
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        <balance>2287.500000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-06-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG SR UNSECURED 144A 08/33 VAR</title>
        <cusip>225401AZ1</cusip>
        <identifiers>
          <isin value="US225401AZ15"/>
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        <balance>212800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231539848.960000</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>2033-08-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.537</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-18</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 18 2A1</title>
        <cusip>12544JAE6</cusip>
        <identifiers>
          <isin value="US12544JAE64"/>
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        <balance>3314156.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1057383.330000</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>2037-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2004-10</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2004 10 31A1</title>
        <cusip>07384M4L3</cusip>
        <identifiers>
          <isin value="US07384M4L32"/>
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        <balance>13402.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13134.190000</valUSD>
        <pctVal>0.000007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.01068</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTANDER UK GROUP HOLDINGS PLC</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>SANTANDER UK GROUP HLDGS SR UNSECURED 11/28 VAR</title>
        <cusip>80281LAG0</cusip>
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          <isin value="US80281LAG05"/>
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        <balance>31580000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30956427.320000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.823</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TR 2006-WMC3</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2006 WMC3 A4</title>
        <cusip>55291KAD9</cusip>
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          <isin value="US55291KAD90"/>
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        <balance>7889297.330000</balance>
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        <curCd>USD</curCd>
        <valUSD>2679318.980000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT SUISSE GROUP AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>CS AT1 CLAIMS US225401AX66 CREDIT SUISSE GROUP AG</title>
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        <balance>4600000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>552000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA5471 FN 09/54 FIXED 6</title>
        <cusip>31418FCH8</cusip>
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          <isin value="US31418FCH82"/>
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        <curCd>USD</curCd>
        <valUSD>33637861.190000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PARK PLACE SECURITIES INC-2005-WCW1</name>
        <lei>N/A</lei>
        <title>PARK PLACE SECURITIES INC PPSI 2005 WCW1 M4</title>
        <cusip>70069FKH9</cusip>
        <identifiers>
          <isin value="US70069FKH90"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3557146.400000</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>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37868</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>PERU GOVT</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>REPUBLIC OF PERU SR UNSECURED 144A 08/37 6.9</title>
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        <balance>308914000.000000</balance>
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        <currencyConditional curCd="PEN" exchangeRt="3.542500"/>
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        <pctVal>0.0473981</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>CHESTER A PLC 1-AA</name>
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        <name>COUNTRYWIDE ALT LOAN TRUST 2006-36T2</name>
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        <name>N/A</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS INC 2005-QO4</name>
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        <fairValLevel>2</fairValLevel>
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        <debtSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MERRILL LYNCH 1ST FRANKLIN MTG LN 2007-2</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ESSENTIAL PROPERTIES LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SVF II FINCO (CAYMAN) LP</name>
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          <other otherDesc="Internal ID" value="G7741@AA8"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2006-SD1</name>
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          <isin value="US004421XW81"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FANNIE MAE REMICS 2011-99</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2011 99 DZ</title>
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          <isin value="US3136A1KK07"/>
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        <balance>11167742.180000</balance>
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        <curCd>USD</curCd>
        <valUSD>11440617.030000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BM4855 FN 04/48 FIXED VAR</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25BQKBBPBRW"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DSLA MORTGAGE LOAN TRUST 2004-AR1</name>
        <lei>N/A</lei>
        <title>DSLA MORTGAGE LOAN TRUST DSLA 2004 AR1 A2A</title>
        <cusip>23332UAC8</cusip>
        <identifiers>
          <isin value="US23332UAC80"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <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>JP MORGAN MORTGAGE TRUST 2007-S3</name>
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        <title>JP MORGAN MORTGAGE TRUST JPMMT 2007 S3 1A90</title>
        <cusip>46631NDT3</cusip>
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          <isin value="US46631NDT37"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TR 2006-4</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 4 1A</title>
        <cusip>54251MAA2</cusip>
        <identifiers>
          <isin value="US54251MAA27"/>
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        <balance>42997649.130000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22637174.430000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS7416 FN 03/46 FIXED 4.5</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CONSECO FINANCE SECURITIZATION 2000-3</name>
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        <title>CONSECO FINANCE SECURITIZATION CNF 2000 3 A 144A</title>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>AFC HOME EQUITY LOAN TRUST 1998-3</name>
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          <isin value="US00105HDR49"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <debtSec>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2006-W3</name>
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        <issuerCat>CORP</issuerCat>
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        <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>RESIDENTIAL ACCREDIT LOAN, INC. 2007-QS4</name>
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        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS4 3A6</title>
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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>N/A</name>
        <lei>N/A</lei>
        <title>SOLD TWD BOUGHT USD 20250820</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-HY3</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ADJ RATE MTGE LOAN 2005-21</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>WIND RIVER CLO LTD 2016-1KRA</name>
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          <isin value="US97314DAN84"/>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-S4</name>
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          <isin value="US23243NAJ72"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>COLT 2022-4 MORTGAGE LOAN TRUST</name>
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          <isin value="US19685GAA40"/>
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        <name>PALMER SQUARE EUROPEAN LOAN FUNDING 2023-2 DAC  24-3A</name>
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          <isin value="XS2921572231"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL7</name>
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        <identifiers>
          <isin value="US12597AAJ07"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD0977 FN 04/46 FIXED 4</title>
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          <isin value="US3140F8CP06"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>NRPLM 2024-RPL2</name>
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        <name>WINSTON RE LTD</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>AMERICAN GENERAL MORTGAGE LOAN TRUST 2010-1A</name>
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          <isin value="US02640FAD06"/>
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        <name>FREDDIE MAC REMICS-3997</name>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G07786 FG 08/44 FIXED 4</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>AMERIQUEST MORTGAGE SEC INC 2002-C</name>
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        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2002 C M2</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>AVON FINANCE NO 3 PLC 3A</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 1 A13</title>
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          <isin value="US170255AX12"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BEAR STEARNS ADJ RATE MTGE TR 2005-6</name>
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        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2005 6 1A1</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHASE MORTGAGE FINANCE CORP 2006-S2</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SG MORTGAGE SECURITIES TRUST 2006-FRE2</name>
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          <isin value="US784208AE03"/>
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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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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2006-NC1</name>
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          <isin value="US86360PAE79"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BD8896 FN 11/46 FIXED 3</title>
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          <isin value="US3140FG3E79"/>
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        <name>OWNIT MORTGAGE LN ASSET-BCK CERT 2006-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP MORTGAGE LOAN TRUST 2006-WFH3</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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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>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ANCHORAGE CREDIT FUNDING 2018-6A LTD</name>
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          <isin value="US03330LAA61"/>
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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>
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      </invstOrSec>
      <invstOrSec>
        <name>ADJUSTABLE RATE MORTAGE TRUST 2005-3</name>
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        <title>ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 3 1A1</title>
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          <isin value="US007036HU34"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3132VNTN37"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>COMM 2022-HC MORTGAGE TRUST</name>
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        <title>COMM MORTGAGE TRUST COMM 2022 HC A 144A</title>
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          <isin value="US12659DAA81"/>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>MEXICO GOVT</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2006-8T1</name>
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        <cusip>12668BMG5</cusip>
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          <isin value="US12668BMG58"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZ89K27HY2C4"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WASHINGTON MUTUAL 2004-AR13</name>
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        <cusip>92922FB49</cusip>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZ0W028CV1D4"/>
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        <name>BEAR STEARNS ASSET BACKED SECU 2005-HE6</name>
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          <isin value="US073879YA05"/>
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        <curCd>USD</curCd>
        <valUSD>3655310.050000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.51368</annualizedRt>
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        <name>FIRST FRANKLIN MTG LOAN 2006-FF18</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF18 A2C</title>
        <cusip>32029AAD9</cusip>
        <identifiers>
          <isin value="US32029AAD90"/>
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        <curCd>USD</curCd>
        <valUSD>12341770.790000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75368</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 897819 FN 09/36 FIXED 6</title>
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          <isin value="US31410UPC08"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <name>MEXICO GOVT</name>
        <lei>254900EGTWEU67VP6075</lei>
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          <isin value="US91087BBE92"/>
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        <curCd>USD</curCd>
        <valUSD>57248625.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERIQUEST MTAGE SEC INC 2004-R2</name>
        <lei>N/A</lei>
        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2004 R2 M6</title>
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          <isin value="US03072SPN98"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AFC HOME EQUITY LOAN TRUST 1997-3</name>
        <lei>N/A</lei>
        <title>AFC HOME EQUITY LOAN TRUST AFC 1997 3 2A</title>
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        <identifiers>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7047.750000</valUSD>
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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>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 607020 FN 10/31 FIXED 6.5</title>
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        <identifiers>
          <isin value="US31388KK927"/>
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        <balance>1176.870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1215.710000</valUSD>
        <pctVal>0.0000006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>FREDDIE MAC REMICS 4851</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC FHR 4851 KO</title>
        <cusip>3137FKAP1</cusip>
        <identifiers>
          <isin value="US3137FKAP18"/>
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        <balance>7588263.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6178929.990000</valUSD>
        <pctVal>0.0032951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>FFC SENIOR NOTE LEASE-BACKED PASS-THROUGH TRUST</name>
        <lei>N/A</lei>
        <title>FFC PASS THROUGH TRUST PASS THRU CE 144A 07/53 5.141</title>
        <cusip>30259GAA7</cusip>
        <identifiers>
          <isin value="US30259GAA76"/>
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        <balance>46987169.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38182380.300000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.141</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AU6682 FN 09/28 FIXED 3</title>
        <cusip>3138X6M85</cusip>
        <identifiers>
          <isin value="US3138X6M854"/>
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        <balance>494505.770000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486032.920000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LION III RE DESIGNATED ACTIVITY COMPANY</name>
        <lei>6354006E8VRXKKHS6U06</lei>
        <title>LION III RE DAC UNSECURED 144A 07/25 VAR</title>
        <cusip>ACI1YQSF5</cusip>
        <identifiers>
          <isin value="XS2356204052"/>
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        <balance>7800000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-16</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-11</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2006 11 3AV3</title>
        <cusip>12666TAK2</cusip>
        <identifiers>
          <isin value="US12666TAK25"/>
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        <balance>10037242.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9629940.500000</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>2046-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95368</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>MORGAN STANLEY ABS CAPITAL-2006-HE6</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2006 HE6 A1</title>
        <cusip>61750FAA8</cusip>
        <identifiers>
          <isin value="US61750FAA84"/>
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        <balance>40622787.390000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18003576.580000</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>2036-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.69368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOUTH AFRICA EM SP BOA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZNLRC3852L0"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>41297.290000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000"/>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-HYB1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 HYB1 3A1</title>
        <cusip>22239EAG1</cusip>
        <identifiers>
          <isin value="US22239EAG17"/>
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        <balance>92082.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78896.950000</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>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.25165</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ALT-A TRUST 2005-4</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ALT A TRUST BALTA 2005 4 22A2</title>
        <cusip>07386HSW2</cusip>
        <identifiers>
          <isin value="US07386HSW24"/>
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        <balance>176880.500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172625.140000</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>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.97149</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>NOMURA RESECURITIZATION TRUST 2014-2R</name>
        <lei>N/A</lei>
        <title>NOMURA RESECURITIZATION TRUST NMRR 2014 2R 2A11 144A</title>
        <cusip>65540FAQ9</cusip>
        <identifiers>
          <isin value="US65540FAQ90"/>
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        <balance>3160526.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2751030.560000</valUSD>
        <pctVal>0.0014671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.14355</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY4886 FN 07/53 FIXED 5.5</title>
        <cusip>3140NMNC7</cusip>
        <identifiers>
          <isin value="US3140NMNC78"/>
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        <balance>848104.220000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850779.950000</valUSD>
        <pctVal>0.0004537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>SMB PRIVATE EDUCATION LOAN TRUST 2024-B</name>
        <lei>N/A</lei>
        <title>SMB PRIVATE EDUCATION LOAN TRU SMB 2024 B D</title>
        <cusip>78450CAE4</cusip>
        <identifiers>
          <isin value="US78450CAE49"/>
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        <balance>4600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4808824.820000</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>Fixed</couponKind>
          <annualizedRt>8.29</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM3664 FN 03/49 FIXED VAR</title>
        <cusip>3140X7CA5</cusip>
        <identifiers>
          <isin value="US3140X7CA56"/>
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        <balance>12659.860000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11983.510000</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>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ABX.HE.AAA.06-2 SP GST</title>
        <cusip>000000000</cusip>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-420806.110000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>GOLDMAN SACHS INTERNATIONAL</counterpartyName>
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                <narrativeDesc>N/A</narrativeDesc>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.110000"/>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>AVON FINANCE NO 3 PLC 3A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-12T1</name>
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        <name>COUNTRYWIDE HOME LOANS 2005-HYB5</name>
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          <isin value="US12669GX973"/>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-14</name>
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          <isin value="US12667GCB77"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MERRILL LYNCH MORTGAGE INVS 2005-A2</name>
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          <isin value="US59020USM89"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GREYWOLF CLO III LTD 2020-3RA</name>
        <lei>N/A</lei>
        <title>GREYWOLF CLO LTD GWOLF 2020 3RA A1R2 144A</title>
        <cusip>39809CAY0</cusip>
        <identifiers>
          <isin value="US39809CAY03"/>
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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>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AVIS BUDGET RENTAL CAR FUNDING AESOP LLC 2022-5A</name>
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        <cusip>05377RFV1</cusip>
        <identifiers>
          <isin value="US05377RFV15"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRETIUM MORTGAGE CREDIT PARTNERS LLC 2025-RPL2</name>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>CITIGROUP MTGE LOAN TR INC 2007-WFH3</name>
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          <isin value="US17313CAF68"/>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>EMC MORTGAGE LOAN TRUST 2003-B</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>NYMT LOAN TRUST 2024-INV1</name>
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        <title>NEW YORK MORTGAGE TRUST NYMT 2024 INV1 A1 144A</title>
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        <name>CARRINGTON MORTGAGE LOAN TRUST 2006-NC5</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>MORGAN STANLEY RESECURITIZATION TRUST 2015-R3</name>
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        <name>FORD CREDIT AUTO OWNER TRUST 2022-C</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2005-AR8</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>LEHMAN XS TRUST 2006-14N</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
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        <title>RESIDENTIAL MORTGAGE SECURITIE RMS 33A E 144A</title>
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          <isin value="XS2835003653"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW ORLEANS HOTEL TRUST 2019-HNLA</name>
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          <isin value="US647622AC36"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>ADJUSTABLE RATE MORTAGE TRUST 2005-8</name>
        <lei>N/A</lei>
        <title>ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 8 4A11</title>
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        <identifiers>
          <isin value="US007036QK50"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HOME EQUITY ASSET TRUST 2005-9</name>
        <lei>N/A</lei>
        <title>HOME EQUITY ASSET TRUST HEAT 2005 9 M1</title>
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        <identifiers>
          <isin value="US437084QY54"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALT LOAN TRUST 2006-33CB</name>
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          <isin value="US02148BAC81"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140F1DU39"/>
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      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE LN TR 2007-5AX</name>
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        <name>MERRILL LYNCH MORTGAGE INV 2006-OPT1</name>
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        <name>FNR 2006-120</name>
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        <name>N/A</name>
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        <name>THAMES WATER SUPER SENIOR ISSUER PLC</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>J.P. MORGAN MORTGAGE TRUST 2023-DSC2</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>THORNBURG MORTGAGE SECURITIES TR 2004-1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>TRINITAS CLO 2022 XXA LTD</name>
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        <name>GAZPROM PJSC VIA GAZ FINANCE PLC</name>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2024-AWH</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2024-LB1</name>
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      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TR 2006-EQ2</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>LONG BEACH MORTGAGE LOAN TR 2006-8</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-5A</name>
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        <name>UNITED STATES GOVT</name>
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        <name>BANC OF AMERICA MORTGAGE SECURITIES 2005</name>
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        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 8 A11</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BX7621 FN 05/53 FIXED 6</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CARVANA AUTO RECEIVABLES TRUST 2024-N1</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CSMC TRUST 2018-RPL1</name>
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          <isin value="US12653HAJ68"/>
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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>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTR ASSET BACKED SECURITIES TRUST 2006-HE3</name>
        <lei>N/A</lei>
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          <isin value="US57645JAB52"/>
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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>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BP9757 FN 08/35 FIXED 3</title>
        <cusip>3140KHZX2</cusip>
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          <isin value="US3140KHZX20"/>
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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>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE ALT-A SECURITIES INC ALTERNATE LOAN TRUST 2005-5</name>
        <lei>N/A</lei>
        <title>DEUTSCHE ALT A SECURITIES INC DBALT 2005 5 1A5</title>
        <cusip>251510HQ9</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GSR MORTGAGE LOAN TRUST 2005-AR4</name>
        <lei>N/A</lei>
        <title>GSR MORTGAGE LOAN TRUST GSR 2005 AR4 3A5</title>
        <cusip>362341FN4</cusip>
        <identifiers>
          <isin value="US362341FN42"/>
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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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      <invstOrSec>
        <name>MASTR ADJUSTABLE RT MTGE TRUST 2005-6</name>
        <lei>N/A</lei>
        <title>MASTR ADJUSTABLE RATE MORTGAGE MARM 2005 6 5A2</title>
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          <isin value="US576433C539"/>
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        <balance>594922.820000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>LEHMAN XS TRUST 2005-6</name>
        <lei>N/A</lei>
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          <isin value="US525221CZ89"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140E7FH80"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-12</name>
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        <name>BEAR STEARNS ADJ RATE MTGE TR 2007-2</name>
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        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2007 2 3A1</title>
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        <identifiers>
          <isin value="US07401EAE95"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>INDYMAC IMSC MORTGAGE LOAN TRUST 2007-F1</name>
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        <identifiers>
          <isin value="US456671AA42"/>
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        <balance>10325169.720000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>COUNTRYWIDE HOME LOANS 2007-HY6</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 HY6 3A1</title>
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          <isin value="US17025MAE66"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2007-MN1A</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>STRUCTURED ADJ RATE MTG LN 2004-19</name>
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        <name>CITIGROUP MTGE LOAN TR INC 2006-AR6</name>
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        <name>COUNTRYWIDE ASSET-BACKED CERTIFICATES 2006-7</name>
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        <name>REGATTA XVI FUNDING LTD 2019-2A</name>
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        <name>CITIZENS AUTO RECEIVABLES TRUST 2023-1</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US694308JP35"/>
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        <curCd>USD</curCd>
        <valUSD>221671166.540000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ALESCO PREFERRED FUNDING IX LTD 9A</name>
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          <isin value="US01449TAA16"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>14672.650000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2018-H09</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2018 H09 FA</title>
        <cusip>38380LFE8</cusip>
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          <isin value="US38380LFE83"/>
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        <balance>17277112.050000</balance>
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        <curCd>USD</curCd>
        <valUSD>17531106.330000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.9774</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>GSR MORTGAGE LOAN TRUST 2005-AR7</name>
        <lei>N/A</lei>
        <title>GSR MORTGAGE LOAN TRUST GSR 2005 AR7 6A1</title>
        <cusip>362341XG9</cusip>
        <identifiers>
          <isin value="US362341XG98"/>
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        <balance>7886.830000</balance>
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        <curCd>USD</curCd>
        <valUSD>6904.270000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.4289</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS8574 FN 12/46 FIXED 4</title>
        <cusip>3138WJQ43</cusip>
        <identifiers>
          <isin value="US3138WJQ431"/>
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        <balance>5292696.870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5005384.410000</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>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>CITIGROUP MORTGAGE LOAN TRUST 2025-RP2</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2025 RP2 SA 144A</title>
        <cusip>17332KAR9</cusip>
        <identifiers>
          <isin value="US17332KAR95"/>
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        <balance>683202.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>643727.820000</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>2065-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>BANC OF AMERICA MTGE SEC 2004-F</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2004 F 1A1</title>
        <cusip>05949AHR4</cusip>
        <identifiers>
          <isin value="US05949AHR41"/>
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        <balance>163317.340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>157461.110000</valUSD>
        <pctVal>0.000084</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>Floating</couponKind>
          <annualizedRt>5.85542</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>MLCC MORTGAGE INVESTORS INC 2006-2</name>
        <lei>N/A</lei>
        <title>MLCC MORTGAGE INVESTORS INC MLCC 2006 2 2A</title>
        <cusip>590219AE1</cusip>
        <identifiers>
          <isin value="US590219AE19"/>
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        <balance>663185.690000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>649834.900000</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>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.99471</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>ICG-2021-3A</name>
        <lei>N/A</lei>
        <title>ICG US CLO LTD ICG 2021 3A AR 144A</title>
        <cusip>449249AS0</cusip>
        <identifiers>
          <isin value="US449249AS08"/>
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        <balance>75900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75953416.140000</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>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.41947</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SECURITIES 2005-EMX1</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIES C RASC 2005 EMX1 M3</title>
        <cusip>76110WQ74</cusip>
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          <isin value="US76110WQ741"/>
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        <balance>530310.860000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>522121.000000</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>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.67868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MTGE LOAN TRUST 2005-AR19</name>
        <lei>N/A</lei>
        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2005 AR19 A1</title>
        <cusip>45660LXA2</cusip>
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          <isin value="US45660LXA24"/>
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        <balance>4642991.530000</balance>
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        <curCd>USD</curCd>
        <valUSD>3760346.770000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.67756</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>MERRILL LYNCH MTGE INV TRUST 2007-SD1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MTGE ACQUIS CORP 2006-HE2</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 HE2 A5</title>
        <cusip>46625SAE6</cusip>
        <identifiers>
          <isin value="US46625SAE63"/>
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        <balance>2100779.270000</balance>
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        <curCd>USD</curCd>
        <valUSD>2083777.240000</valUSD>
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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>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-3A</name>
        <lei>N/A</lei>
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        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>15126156.210000</valUSD>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-12</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2006 12 2A3</title>
        <cusip>12667AAD8</cusip>
        <identifiers>
          <isin value="US12667AAD81"/>
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        <balance>1722364.430000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1645619.490000</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>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAIN VIEW CLO XIV LTD 2019-1A</name>
        <lei>N/A</lei>
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        <cusip>62432MAN9</cusip>
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          <isin value="US62432MAN92"/>
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        <balance>78100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78030039.580000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.4151</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSAMP TRUST 2005-HE5</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2005 HE5 M4</title>
        <cusip>362341ZE2</cusip>
        <identifiers>
          <isin value="US362341ZE23"/>
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        <balance>2784456.090000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2004-AR13</name>
        <lei>N/A</lei>
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        <cusip>92922FB72</cusip>
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          <isin value="US92922FB720"/>
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        <balance>776167.720000</balance>
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        <curCd>USD</curCd>
        <valUSD>748045.770000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TR 2005-OPT2</name>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>FANNIE MAE REMICS 2012-145</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ASSET BACKED FUNDING CERT 2006-HE1</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FS4645 FN 11/51 FIXED VAR</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TRAPEZA CDO LLC 2007-13A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>UNITED STATES GOVT</name>
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        <name>N/A</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FANNIE MAE REMICS 2018-41</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BEAR STEARNS  STRUC PROD INC 2007-R6</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL QF8298 FR 03/53 FIXED 6.5</title>
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        <name>BANC OF AMERICA FUNDING CORP 2006-J</name>
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        <debtSec>
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        <name>RMAC SECURITIES PLC 2007-NS1X</name>
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        <title>RMAC SECURITIES PLC RMACS 2007 NS1X A2B REGS</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARGENT SECURITIES INC 2006-M1</name>
        <lei>N/A</lei>
        <title>ARGENT SECURITIES INC. ARSI 2006 M1 A2D</title>
        <cusip>04012MAA7</cusip>
        <identifiers>
          <isin value="US04012MAA71"/>
        </identifiers>
        <balance>5157515.830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1388975.750000</valUSD>
        <pctVal>0.0007407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.91368</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL SD2661 FR 04/53 FIXED 5.5</title>
        <cusip>3132DP5W4</cusip>
        <identifiers>
          <isin value="US3132DP5W45"/>
        </identifiers>
        <balance>2463366.590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2474123.300000</valUSD>
        <pctVal>0.0013194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>MORGAN STANLEY ABS CAPITAL I 2006-HE3</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2006 HE3 A2D</title>
        <cusip>61749HAE0</cusip>
        <identifiers>
          <isin value="US61749HAE09"/>
        </identifiers>
        <balance>11403812.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10888080.500000</valUSD>
        <pctVal>0.0058064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.93368</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>KKR CLO 28 LTD 28A</name>
        <lei>N/A</lei>
        <title>KKR FINANCIAL CLO LTD KKR 28A AR 144A</title>
        <cusip>48253WAL6</cusip>
        <identifiers>
          <isin value="US48253WAL63"/>
        </identifiers>
        <balance>92500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92568002.300000</valUSD>
        <pctVal>0.0493648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.70054</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>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-AC4</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2007 AC4 A1</title>
        <cusip>07378RAA7</cusip>
        <identifiers>
          <isin value="US07378RAA77"/>
        </identifiers>
        <balance>22003597.570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17345341.350000</valUSD>
        <pctVal>0.0092499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QF8052 FR 02/53 FIXED 5.5</title>
        <cusip>3133BV5M3</cusip>
        <identifiers>
          <isin value="US3133BV5M39"/>
        </identifiers>
        <balance>145536.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146515.120000</valUSD>
        <pctVal>0.0000781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>STRUCTURED ASSET SECUR CORP 2006-WF4</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2005 WF4 M8</title>
        <cusip>863576DN1</cusip>
        <identifiers>
          <isin value="US863576DN13"/>
        </identifiers>
        <balance>3197000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3145796.530000</valUSD>
        <pctVal>0.0016776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.05868</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>VERIZON COMMUNICATIONS INC SNR S* ICE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZVCF3JV76H8"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>86568.370000</valUSD>
        <pctVal>0.0000462</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>INTERCONTINENTAL EXCHANGE</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>VERIZON COMMUNICATIONS INC</issuerName>
                <issueTitle>VERIZON SR UNSEC**REPURCHASE OFFER**</issueTitle>
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                  <isin value="US92343VDY74"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000"/>
            <otherPmntDesc fixedOrFloating="Other">Single Leg Swap</otherPmntDesc>
            <terminationDt>2027-06-20</terminationDt>
            <upfrontPmnt>0.000000</upfrontPmnt>
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            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>6600000.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>86568.370000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEHMAN MORTGAGE TRUST 2007-8</name>
        <lei>N/A</lei>
        <title>LEHMAN MORTGAGE TRUST LMT 2007 8 2A2</title>
        <cusip>52521YAD8</cusip>
        <identifiers>
          <isin value="US52521YAD85"/>
        </identifiers>
        <balance>4650438.420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1836064.700000</valUSD>
        <pctVal>0.0009791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>STRUCTURED ASSET MTGE INVEST 2006-AR6</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET MORTGAGE INVE SAMI 2006 AR6 2A1</title>
        <cusip>86360UAF3</cusip>
        <identifiers>
          <isin value="US86360UAF30"/>
        </identifiers>
        <balance>9365797.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6510583.350000</valUSD>
        <pctVal>0.003472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.81368</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>AMERIQUEST MTGE SECURITIES INC 2004-R12</name>
        <lei>N/A</lei>
        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2004 R12 M4</title>
        <cusip>03072SXG5</cusip>
        <identifiers>
          <isin value="US03072SXG55"/>
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        <balance>2183676.150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2071504.640000</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>2035-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.99368</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>MASTR ASSET BACKED SECUR TR 2006-WMC4</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2006 WMC4 A3</title>
        <cusip>57645MAC6</cusip>
        <identifiers>
          <isin value="US57645MAC64"/>
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        <balance>36724419.030000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11976237.010000</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>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.53368</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>CONSUMER LOAN FINANCE ISSUER TRUST 2024-BA</name>
        <lei>N/A</lei>
        <title>CONSUMER LOAN FINANCE ISSUER T CLFT 2024 BA E 144A</title>
        <cusip>21050UAF5</cusip>
        <identifiers>
          <isin value="US21050UAF57"/>
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        <balance>6314000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6424761.450000</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>2054-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75</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>FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES KSJ1</name>
        <lei>N/A</lei>
        <title>FHLMC MULTIFAMILY STRUCTURED P FHMS KSG1 X1</title>
        <cusip>3137FXLY2</cusip>
        <identifiers>
          <isin value="US3137FXLY27"/>
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        <balance>199125496.280000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9192489.150000</valUSD>
        <pctVal>0.0049022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.24089</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>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2012-22</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2012 22 IO</title>
        <cusip>38378BDY2</cusip>
        <identifiers>
          <isin value="US38378BDY20"/>
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        <balance>847672.290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5.430000</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>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.00017</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZS7442 FR 03/26 FIXED 2</title>
        <cusip>3132A8HT9</cusip>
        <identifiers>
          <isin value="US3132A8HT96"/>
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        <balance>5562.090000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5505.890000</valUSD>
        <pctVal>0.0000029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2</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>N/A</name>
        <lei>N/A</lei>
        <title>VERIZON COMMUNICATIONS INC SNR S* ICE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZL2Z9F4XSP5"/>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRET 2024-NPL5 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>HOME EQUITY ASSET TRUST 2006-1</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>BEAR STEARNS ASSETBK SEC INC 2005-H</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>ALTICE FRANCE SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2006-AR7</name>
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          <isin value="US172987AW97"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>GSR MORTGAGE LOAN TRUST 2006-AR1</name>
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          <isin value="US3623414F31"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>RESIDENTIAL ACCREDIT LOANS INC 2006-QS10</name>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2005-3</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2005-35CB</name>
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        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE SR UNSECURED 144A 01/27 VAR</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA5522 FN 04/50 FIXED 4</title>
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          <isin value="US3140QDD430"/>
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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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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2570 FN 03/26 FIXED 3</title>
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          <isin value="US31418B2C91"/>
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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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        <name>MERRILL LYNCH ALTERNATIVE NT 2007-A2</name>
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        <securityLending>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <name>N/A</name>
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        <name>FANNIE MAE REMICS 2008-9</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BARINGS CLO LTD 2021-III</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SEQUOIA MORTGAGE TRUST 10</name>
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        <name>WAMU MTGE P/T CERT 2007-HY6</name>
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        <name>FNMA PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL I TRUST 2016-UBS9</name>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEHMAN XS TRUST 2006-18N</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2023-A</name>
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          <isin value="US17295GAE26"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CARMAX SELECT RECEIVABLES TRUST 2024-A</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>VERUS SECURITIZATION TRUST 2024-4</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2005-QS-17</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2004-16</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2004 16 1A2</title>
        <cusip>12669FX73</cusip>
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          <isin value="US12669FX736"/>
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        <fairValLevel>2</fairValLevel>
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        <name>HARBORVIEW MORTGAGE LOAN TR 2005-15</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TR 2005-7</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 256885 FN 09/27 FIXED 6</title>
        <cusip>31371NJ63</cusip>
        <identifiers>
          <isin value="US31371NJ630"/>
        </identifiers>
        <balance>33828.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34381.830000</valUSD>
        <pctVal>0.0000183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>CITIGROUP MORTGAGE LOAN TRUST INC 2005-HE3</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 HE3 M3</title>
        <cusip>17307GWT1</cusip>
        <identifiers>
          <isin value="US17307GWT11"/>
        </identifiers>
        <balance>833048.910000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>829303.690000</valUSD>
        <pctVal>0.0004423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.16868</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BK0831 FN 02/48 FIXED 4</title>
        <cusip>3140HD4R2</cusip>
        <identifiers>
          <isin value="US3140HD4R27"/>
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        <balance>6699232.800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6345010.660000</valUSD>
        <pctVal>0.0033837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>CREDIT BASED ASSET SRVC &amp; SEC 2007-CB1</name>
        <lei>N/A</lei>
        <title>CREDIT BASED ASSET SERVICING A CBASS 2007 CB1 AF1A</title>
        <cusip>1248MGAJ3</cusip>
        <identifiers>
          <isin value="US1248MGAJ39"/>
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        <balance>459412.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>133889.700000</valUSD>
        <pctVal>0.0000714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.57368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 745933 FN 09/36 FIXED VAR</title>
        <cusip>31403DV22</cusip>
        <identifiers>
          <isin value="US31403DV223"/>
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        <balance>5389.090000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5651.880000</valUSD>
        <pctVal>0.000003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2006-AC3</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2006 AC3 2A1</title>
        <cusip>07387NAC1</cusip>
        <identifiers>
          <isin value="US07387NAC11"/>
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        <balance>23375748.490000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5182288.900000</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>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.93368</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>GSR MORTGAGE LOAN TRUST 2006-OA1</name>
        <lei>N/A</lei>
        <title>GSR MORTGAGE LOAN TRUST GSR 2006 OA1 2A2</title>
        <cusip>362631AC7</cusip>
        <identifiers>
          <isin value="US362631AC72"/>
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        <balance>34126079.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7543945.250000</valUSD>
        <pctVal>0.004023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95368</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>OPTION ONE MORTGAGE LOAN TRUST 2005-4</name>
        <lei>N/A</lei>
        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2005 4 M2</title>
        <cusip>68389FJJ4</cusip>
        <identifiers>
          <isin value="US68389FJJ49"/>
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        <balance>8338191.590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8044960.740000</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>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.12368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FS1948 FN 05/52 FIXED VAR</title>
        <cusip>3140XHEW3</cusip>
        <identifiers>
          <isin value="US3140XHEW39"/>
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        <balance>794932.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>740576.410000</valUSD>
        <pctVal>0.0003949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>FORD MOTOR CREDIT CO LLC SR UNSECURED 03/28 5.918</title>
        <cusip>345397G72</cusip>
        <identifiers>
          <isin value="US345397G727"/>
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        <balance>21973000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22200480.540000</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>2028-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.918</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH6138 FN 08/47 FIXED 4</title>
        <cusip>3140GUZC4</cusip>
        <identifiers>
          <isin value="US3140GUZC40"/>
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        <balance>2731129.980000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2587264.840000</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>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAMU MTGE P/T CERT 2007-HY5</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2007 HY5 3A1</title>
        <cusip>92990GAJ2</cusip>
        <identifiers>
          <isin value="US92990GAJ22"/>
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        <balance>487977.500000</balance>
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        <curCd>USD</curCd>
        <valUSD>422451.730000</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>2037-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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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>RFR USD SOFR/2.74750 07/25/23-5Y LCH</title>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2005-AR17</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR17 A1A2</title>
        <cusip>92922F7Q5</cusip>
        <identifiers>
          <isin value="US92922F7Q56"/>
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        <curCd>USD</curCd>
        <valUSD>1898798.480000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.01368</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2024-LB1</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MERRILL LYNCH 05/56 1</title>
        <cusip>05494AAC3</cusip>
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          <isin value="US05494AAC36"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24929759.710000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.17645</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>COUNTRYWIDE ALTERNATIVE LN TR 2008-2R</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2008 2R 2A1</title>
        <cusip>021482AC8</cusip>
        <identifiers>
          <isin value="US021482AC82"/>
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        <balance>803340.240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355759.390000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.9312</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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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL8858 FN 07/46 FIXED VAR</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TR 2006-EQ1</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>FANNIE MAE REMICS 2012-102</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2012 102 SJ</title>
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          <isin value="US3136A8RV42"/>
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        <curCd>USD</curCd>
        <valUSD>445530.170000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.041699</annualizedRt>
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        <name>ALLY BANK AUTO CREDIT-LINKED NOTES SERIES 2024-B</name>
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          <isin value="US02007G4C45"/>
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        <curCd>USD</curCd>
        <valUSD>5994634.080000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.117</annualizedRt>
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        <securityLending>
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        <name>JP MORGAN MTGE TRUST 2005-A5</name>
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          <isin value="US466247SE42"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERIQUEST MTGE SECURITIES INC 2005-R11</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <debtSec>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2005-QS10</name>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2005-RMS1</name>
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        <units>PA</units>
        <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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      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2006-H</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <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>COUNTRYWIDE ASSET BACKED CERTS 2006-BC5</name>
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        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2006 BC5 2A4</title>
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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>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2007-HY2</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 HY2 1A</title>
        <cusip>02148LAA0</cusip>
        <identifiers>
          <isin value="US02148LAA08"/>
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        <curCd>USD</curCd>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>TRINITAS CLO IX LTD</name>
        <lei>N/A</lei>
        <title>TRINITAS CLO LTD TRNTS 2018 9A ARRR 144A</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FANNIE MAE 2004-63</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRPM 2024-RCF3 LLC</name>
        <lei>N/A</lei>
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        <name>AVON FINANCE NO 3 PLC 3A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GATEWAY CREDIT TENANT LEASE</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BCAP LLC TRUST 2011-R11</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-OC6</name>
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        <name>STRUCTURED ARM LOAN TRUST 2005-4</name>
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        <name>RESIDENTIAL ASSET SECURITIES 2006-KS7</name>
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        <name>FHLMC PASS THRU POOLS</name>
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          <isin value="US3132QPFU39"/>
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        <balance>32968.130000</balance>
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        <curCd>USD</curCd>
        <valUSD>29479.100000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25FOKBB1DJL"/>
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        <balance>1.000000</balance>
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        <pctVal>0.0000089</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX EM35 ICE</title>
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          <isin value="EZYP3FB7TK33"/>
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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>INTERCONTINENTAL EXCHANGE</counterpartyName>
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            <descRefInstrmnt>
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                <issuerName>N/A</issuerName>
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                  <ticker value="CDX"/>
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            <swapFlag>Y</swapFlag>
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            <curCd>USD</curCd>
            <unrealizedAppr>55479.550000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSET BACKED SEC CORP HOME EQ 2005-HE4</name>
        <lei>N/A</lei>
        <title>ASSET BACKED SECURITIES CORP H ABSHE 2005 HE4 M6</title>
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          <isin value="US04541GRQ72"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA MTG SEC 2002-G</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2002 G 1A2</title>
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        <identifiers>
          <isin value="US06050HKQ01"/>
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        <balance>7327.980000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7092.750000</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>2032-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.75003</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>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2017-H10</name>
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        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2017 H10 FB</title>
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        <identifiers>
          <isin value="US38375UZZ64"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8177489.260000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.59185</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2005-QS10</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QS10 2A</title>
        <cusip>761118CW6</cusip>
        <identifiers>
          <isin value="US761118CW63"/>
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        <balance>285174.050000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253244.370000</valUSD>
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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>Fixed</couponKind>
          <annualizedRt>6</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>BARROW FUNDING PLC 1A</name>
        <lei>N/A</lei>
        <title>BARROW FUNDING PLC BARRO 1A C</title>
        <cusip>ACI2P7XQ5</cusip>
        <identifiers>
          <isin value="XS2755902074"/>
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        <balance>21161000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-11-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.62522</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>STRUCTURED ASSET INVEST LN TR 2003-BC6</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET INVESTMENT LO SAIL 2003 BC6 M1</title>
        <cusip>86358ECL8</cusip>
        <identifiers>
          <isin value="US86358ECL83"/>
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        <balance>413755.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>409810.110000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.55868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC 2423</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC FHR 2423 MC</title>
        <cusip>31339WBV7</cusip>
        <identifiers>
          <isin value="US31339WBV72"/>
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        <balance>6141.500000</balance>
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        <curCd>USD</curCd>
        <valUSD>6411.160000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IMPAC CMB TR 2005-6</name>
        <lei>N/A</lei>
        <title>IMPAC CMB TRUST IMM 2005 6 1A2</title>
        <cusip>45254NQW0</cusip>
        <identifiers>
          <isin value="US45254NQW01"/>
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        <balance>3609739.030000</balance>
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        <curCd>USD</curCd>
        <valUSD>3295975.100000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2006-WMC1</name>
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        <title>MORGAN STANLEY CAPITAL INC MSAC 2006 WMC1 A2C</title>
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          <isin value="US61744CXM36"/>
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        <curCd>USD</curCd>
        <valUSD>4335911.560000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <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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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120115.220000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STUDENT LOAN MARKETING ASSN 2006-B</name>
        <lei>N/A</lei>
        <title>SLM STUDENT LOAN TRUST SLMA 2006 B A5</title>
        <cusip>78443CCU6</cusip>
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          <isin value="US78443CCU62"/>
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        <balance>247571.160000</balance>
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        <curCd>USD</curCd>
        <valUSD>241637.650000</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>2039-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.85008</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALI MORTGAGE TRUST 2019-101C</name>
        <lei>N/A</lei>
        <title>CALI MORTGAGE TRUST 2019 101C CALI 2019 101C A 144A</title>
        <cusip>129890AA7</cusip>
        <identifiers>
          <isin value="US129890AA73"/>
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        <balance>9000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8508426.300000</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>2039-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.957</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>BEAR STEARNS ALT-A TRUST 2006-R1</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ALT A TRUST BALTA 2006 R1 2E13</title>
        <cusip>073866BK0</cusip>
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          <isin value="US073866BK05"/>
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        <curCd>USD</curCd>
        <valUSD>1515512.840000</valUSD>
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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>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138WGTA26"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>COUNTRYWIDE HOME LOANS 2007-HY5</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.157</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPECIALTY UNDERWRITING &amp; RESIDL 2006-BC4</name>
        <lei>N/A</lei>
        <title>SPECIALTY UNDERWRITING + RESID SURF 2006 BC4 A1</title>
        <cusip>84751YAA8</cusip>
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          <isin value="US84751YAA82"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</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>SMB PRIVATE EDUCATION LOAN TRUST 2024-D</name>
        <lei>N/A</lei>
        <title>SMB PRIVATE EDUCATION LOAN TRU SMB 2024 D A1B 144A</title>
        <cusip>83207QAB5</cusip>
        <identifiers>
          <isin value="US83207QAB59"/>
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        <balance>116581597.100000</balance>
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        <curCd>USD</curCd>
        <valUSD>116760526.540000</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>2053-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40319</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PAGAYA AI DEBT GRANTOR TRUST 2024-7</name>
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        <title>PAGAYA AI DEBT SELECTION TRUST PAID 2024 7 A 144A</title>
        <cusip>69545AAA2</cusip>
        <identifiers>
          <isin value="US69545AAA25"/>
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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>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>US 10YR ULTRA FUT SEP25 XCBT 20250919</title>
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          <ticker value="UXYU5"/>
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        <valUSD>28534556.230000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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            <payOffProf>Long</payOffProf>
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        <name>RAAC SERIES 2005-RP3</name>
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          <isin value="US76112BP958"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>CHASE HOME LENDING MORTGAGE TRUST 2023-RPL2</name>
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          <isin value="US16159RAC97"/>
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        <assetCat>ABS-MBS</assetCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25</annualizedRt>
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      <invstOrSec>
        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2004-1</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2004 1 15A1</title>
        <cusip>07384MJ29</cusip>
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          <isin value="US07384MJ296"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FHLMC STRUCTURED PASS THRU SEC T-32</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX8432 FN 04/53 FIXED 4</title>
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          <isin value="US3140NDLN52"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.78300 02/07/24-10Y LCH</title>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>SEC ASSET BACKED REC LLC 2006-FR3</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>MORGAN STANLEY MORTGAGE TRUST 2005-7</name>
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        <name>MASTR SEASONED SECURITIES TRUST 2005-2</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>LONG BEACH MORTGAGE LOAN TRUST 2006-11</name>
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        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 11 2A3</title>
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        <name>BANC OF AMERICA FUNDING CORP 2005-B</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2006-AR5</name>
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        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2006 AR5 1A1</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIEMAC STRIP-362</name>
        <lei>N/A</lei>
        <title>FREDDIEMAC STRIP FHS 362 C5</title>
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          <isin value="US31325W4Q21"/>
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      </invstOrSec>
      <invstOrSec>
        <name>VICI PROPERTIES LP / VICI NOTE CO INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RP11</name>
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          <isin value="US12597GAB41"/>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140H63F47"/>
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        <name>BCAP LLC TRUST 2010-RR12</name>
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          <isin value="US05533NCE22"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>INGENICO TERMINALS (POSEIDON BIDCO)</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NIGERIA GOVT</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>NIGERIA OMO BILL OMO260629</title>
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          <ticker value="NGOMOB"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH8999 FN 10/47 FIXED 4</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>RESIDENTIAL ASSET SEC TRUST 2006-A10</name>
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        <cusip>76113LAF4</cusip>
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          <isin value="US76113LAF40"/>
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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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          <couponKind>Fixed</couponKind>
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        <name>VALLEY FUNDING PLC 1A</name>
        <lei>N/A</lei>
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        <cusip>ACI2SNZQ5</cusip>
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          <isin value="XS2959460671"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>WASHINGTON MUTUAL 2004-AR12</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2004 AR12 A1</title>
        <cusip>92922FZE1</cusip>
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          <isin value="US92922FZE14"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>AMERICAN AIRLINES 2014-1 CLASS A PASS THROUGH TRUST</name>
        <lei>N/A</lei>
        <title>AMER AIRLN 14 1 A PTT PASS THRU CE 04/28 3.7</title>
        <cusip>02377AAA6</cusip>
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          <isin value="US02377AAA60"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.7</annualizedRt>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE9261 FN 03/47 FIXED 4.5</title>
        <cusip>3140FVJF4</cusip>
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          <isin value="US3140FVJF47"/>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AY2963 FN 05/45 FIXED 4</title>
        <cusip>3138YGJH6</cusip>
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          <isin value="US3138YGJH60"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 918697 FN 06/37 FIXED 6</title>
        <cusip>31411YUW1</cusip>
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          <isin value="US31411YUW10"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>MORTGAGEIT TRUST 2005-3</name>
        <lei>N/A</lei>
        <title>MORTGAGEIT TRUST MHL 2005 3 A1</title>
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          <isin value="US61915RAK23"/>
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        <balance>627704.700000</balance>
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        <curCd>USD</curCd>
        <valUSD>624460.850000</valUSD>
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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>
          <annualizedRt>5.03368</annualizedRt>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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                <issuerName>N/A</issuerName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP6</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2021 RP6 B2 144A</title>
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        <curCd>USD</curCd>
        <valUSD>16586351.690000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WMALT MORTGAGE PASS-THRU CERT 2005-5</name>
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        <title>WASHINGTON MUTUAL MORTGAGE PAS WMALT 2005 5 CB1</title>
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          <isin value="US93934FAA03"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BR1297 FN 02/51 FIXED 2.5</title>
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          <isin value="US3140KYNP56"/>
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        <balance>5471728.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4570571.130000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BCAP LLC TRUST 2006-AA2</name>
        <lei>N/A</lei>
        <title>BCAP LLC TRUST BCAP 2006 AA2 A1</title>
        <cusip>05530MAA7</cusip>
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          <isin value="US05530MAA71"/>
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        <balance>248653.890000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229034.350000</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>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA5711 G2 01/49 FIXED 4.5</title>
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          <isin value="US36179UKY72"/>
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        <balance>74831.530000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM9146 FN 02/40 FIXED VAR</title>
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          <isin value="US3140XDEU68"/>
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        <balance>543943.470000</balance>
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        <curCd>USD</curCd>
        <valUSD>522257.210000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QF2557 FR 10/52 FIXED 4.5</title>
        <cusip>3133BPZW1</cusip>
        <identifiers>
          <isin value="US3133BPZW13"/>
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        <balance>849207.310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>814297.540000</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>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL INC 2004-HE8</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2004 HE8 A7</title>
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          <isin value="US61744CGZ32"/>
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        <balance>323169.680000</balance>
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        <curCd>USD</curCd>
        <valUSD>335112.960000</valUSD>
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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>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTR ASSET BACKED SECURITIES TRUST 2006-HE3</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2006 HE3 A4</title>
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          <isin value="US57645JAD19"/>
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        <curCd>USD</curCd>
        <valUSD>6384854.270000</valUSD>
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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>Floating</couponKind>
          <annualizedRt>4.91368</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA5138 G2 04/48 FIXED 4.5</title>
        <cusip>36179TV77</cusip>
        <identifiers>
          <isin value="US36179TV774"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2747972.500000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2888 FN 01/47 FIXED 2.5</title>
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          <isin value="US31418CF663"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OWNIT MORTGAGE LOAN TRUST SERIES 2006-5</name>
        <lei>N/A</lei>
        <title>OWNIT MORTGAGE LOAN ASSET BACK OWNIT 2006 5 A2C</title>
        <cusip>69121EAE8</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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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL2760 FN 08/42 FIXED VAR</title>
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          <isin value="US3138EKB611"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX5621 FN 01/53 FIXED 5.5</title>
        <cusip>3140NAG72</cusip>
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          <isin value="US3140NAG725"/>
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        <balance>2272523.500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2274192.400000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARK PLACE SECURITIES INC 2005-WCW3</name>
        <lei>N/A</lei>
        <title>PARK PLACE SECURITIES INC PPSI 2005 WCW3 M3</title>
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        <identifiers>
          <isin value="US70069FLY15"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3790388.400000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE HOME LOANS 2007-HY1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-1A</name>
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        <name>MORGAN STANLEY MTGE LN TR 2007-13</name>
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      </invstOrSec>
      <invstOrSec>
        <name>DAVIS SQUARE FUNDING LTD 2005-5A</name>
        <lei>N/A</lei>
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          <isin value="US239156AG73"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>10862.660000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST NLC TRUST 2007-1</name>
        <lei>N/A</lei>
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          <isin value="US32115BAA89"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140Q83K94"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US36209DGP33"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ARROWMARK COLORADO HOLDINGS 2018-3A</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.58177</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SECURITIES 2005-AHL3</name>
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          <isin value="US76110W6N16"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MTGE INVESTORS 2006-A1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.4482</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
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        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>WAMU MORTGAGE P/T CERTIFICATES 2007-OA1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP6</name>
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        <name>HOMEBANC MORTGAGE TRUST 2006-1</name>
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          <isin value="US43739ECR62"/>
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        <name>LONG BEACH MORTGAGE LOAN TR 2006-7</name>
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        <name>OPTION ONE MORTGAGE LOAN TRUST 2006-2</name>
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        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2006 2 2A2</title>
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          <isin value="US68402CAC82"/>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTRYWIDE HOME LOANS 2004-25</name>
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        <title>COUNTRYWIDE HOME LOANS CWHL 2004 25 2A1</title>
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          <isin value="US12669GKF71"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2004-4CB</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2004 4CB 3A3</title>
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          <isin value="US12667FCL76"/>
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        <curCd>USD</curCd>
        <valUSD>491436.470000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>CITIGROUP MTGE LOAN TR INC 2007-AHL3</name>
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        <name>HARBORVIEW MORTGAGE LOAN TR 2007-1</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2005-4</name>
        <lei>N/A</lei>
        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2005 4 M3</title>
        <cusip>68389FJK1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>TESLA ELECTRIC VEHICLE TRUST 2023-1</name>
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          <isin value="US881943AD65"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2006-CW1</name>
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          <isin value="US00441QAA76"/>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-8</name>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS INC 2007-QO2</name>
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          <isin value="US75116AAA88"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>STRUCTURED ASSET INVST LN TR 2005-3</name>
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        <title>STRUCTURED ASSET INVESTMENT LO SAIL 2005 3 M3</title>
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          <isin value="US86358ERX66"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2005-AR1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 AR1 2A3A</title>
        <cusip>12668A4S1</cusip>
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          <isin value="US12668A4S13"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13368</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC SR UNSECURED 09/27 VAR</title>
        <cusip>06738ECJ2</cusip>
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          <isin value="US06738ECJ29"/>
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        <curCd>USD</curCd>
        <valUSD>62469351.820000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>WACHOVIA MTGE LOAN TRUST 2006-A</name>
        <lei>N/A</lei>
        <title>WACHOVIA MORTGAGE LOAN TRUST, WMLT 2006 A 1A1</title>
        <cusip>92977TAA0</cusip>
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          <isin value="US92977TAA07"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.85746</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2024-N2</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N2 A2 144A</title>
        <cusip>14687VAB8</cusip>
        <identifiers>
          <isin value="US14687VAB80"/>
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        <balance>9911017.580000</balance>
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        <curCd>USD</curCd>
        <valUSD>9932592.870000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.9</annualizedRt>
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      </invstOrSec>
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        <name>ANCHORAGE CAPITAL CLO 2021-20A LTD</name>
        <lei>N/A</lei>
        <title>ANCHORAGE CAPITAL CLO LTD ANCHC 2021 20A A1R 144A</title>
        <cusip>03330YAJ9</cusip>
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          <isin value="US03330YAJ91"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-20</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2005-WMC6</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2005 WMC6 M5</title>
        <cusip>61744CSZ0</cusip>
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          <isin value="US61744CSZ04"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE1733 FN 11/46 FIXED 4</title>
        <cusip>3140FL4T2</cusip>
        <identifiers>
          <isin value="US3140FL4T22"/>
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        <balance>128142.050000</balance>
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        <valUSD>121598.640000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-5</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 5 A51</title>
        <cusip>12544VCN7</cusip>
        <identifiers>
          <isin value="US12544VCN73"/>
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        <balance>5274793.350000</balance>
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        <curCd>USD</curCd>
        <valUSD>2497805.600000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>EUROSAIL PLC 2007-3X</name>
        <lei>N/A</lei>
        <title>EUROSAIL PLC ESAIL 2007 3X A3A REGS</title>
        <cusip>ACI01JMT5</cusip>
        <identifiers>
          <isin value="XS0308666493"/>
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        <balance>846498.510000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>1161681.100000</valUSD>
        <pctVal>0.0006195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.28988</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>MASTR ALTERNATIVE LOANS TRUST 2005 3</name>
        <lei>N/A</lei>
        <title>MASTR ALTERNATIVE LOANS TRUST MALT 2005 3 6A3</title>
        <cusip>576434N42</cusip>
        <identifiers>
          <isin value="US576434N427"/>
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        <balance>230093.240000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PROTEUS RMBS DAC 1A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BEAR STEARNS  STRUC PROD INC 2007-EM</name>
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        <cusip>07402LAD4</cusip>
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        <name>SOCIETE GENERALE</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>MASTR ADJUSTABLE RATE MTGES TR 2007-1</name>
        <lei>N/A</lei>
        <title>MASTR ADJUSTABLE RATE MORTGAGE MARM 2007 1 2A1</title>
        <cusip>576431AJ9</cusip>
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          <isin value="US576431AJ98"/>
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        <balance>35961.190000</balance>
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        <curCd>USD</curCd>
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        <debtSec>
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        <name>ALLEGRO CLO XIV LTD 2021-2A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>J.P. MORGAN MORTGAGE TRUST 2024-VIS1</name>
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        <name>BEAR STEARNS ADJUSTABLE RATE MTGE 20</name>
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        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2004 5 4A</title>
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        <name>MORGAN STANLEY ABS CAPITAL I 2007-HE1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BN4354 FN 02/49 FIXED 4</title>
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        <name>N/A</name>
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        <name>TERWIN MORTGAGE TRUST 2005-6HE</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UMBS PASS THRU POOLS</name>
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        <name>CITIGROUP MTGE LOAN TRUST INC 2005-7</name>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN HOME MTG INV TRUST 2005-1</name>
        <lei>N/A</lei>
        <title>AMERICAN HOME MORTGAGE INVESTM AHM 2005 1 8A2</title>
        <cusip>02660TDL4</cusip>
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          <isin value="US02660TDL44"/>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q50948 FG 09/47 FIXED 4</title>
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        <curCd>USD</curCd>
        <valUSD>5128471.140000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL RA9800 FR 09/53 FIXED 6.5</title>
        <cusip>3133KR3H5</cusip>
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          <isin value="US3133KR3H52"/>
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        <curCd>USD</curCd>
        <valUSD>4626719.630000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2005-A8</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2005 A8 6A1</title>
        <cusip>466247ZB2</cusip>
        <identifiers>
          <isin value="US466247ZB20"/>
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        <balance>673396.110000</balance>
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        <curCd>USD</curCd>
        <valUSD>527950.430000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCKFORD TOWER EUROPE CLO 2018-1A DAC</name>
        <lei>N/A</lei>
        <title>ROCKFORD TOWER EUROPE CLO RFTE 2018 1A AR</title>
        <cusip>ACI2NJ0V6</cusip>
        <identifiers>
          <isin value="XS2779841050"/>
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        <balance>29600000.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE ALT-A SEC INC MTGE LO 2007-AR3</name>
        <lei>N/A</lei>
        <title>DEUTSCHE ALT A SECURITIES INC DBALT 2007 AR3 2A4</title>
        <cusip>25150VAL0</cusip>
        <identifiers>
          <isin value="US25150VAL09"/>
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        <balance>32912594.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28329485.660000</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>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2006-AR12</name>
        <lei>N/A</lei>
        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2006 AR12 A2</title>
        <cusip>45661VAB2</cusip>
        <identifiers>
          <isin value="US45661VAB27"/>
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        <balance>4392024.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4404324.950000</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>2046-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.89368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BT2788 FN 08/51 FIXED 2.5</title>
        <cusip>3140LRC22</cusip>
        <identifiers>
          <isin value="US3140LRC227"/>
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        <balance>7093736.580000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5969816.310000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2018-B</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2018 B SA 144A</title>
        <cusip>17327MAM3</cusip>
        <identifiers>
          <isin value="US17327MAM38"/>
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        <balance>299286.660000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292040.330000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC CORP 2006-EMX3</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIES C RASC 2006 EMX3 A3</title>
        <cusip>76113ACA7</cusip>
        <identifiers>
          <isin value="US76113ACA79"/>
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        <balance>2601646.400000</balance>
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        <curCd>USD</curCd>
        <valUSD>2604022.740000</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>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>AREIT TRUST 2023-CRE8</name>
        <lei>N/A</lei>
        <title>AREIT CRE TRUST AREIT 2023 CRE8 A 144A</title>
        <cusip>04002BAA3</cusip>
        <identifiers>
          <isin value="US04002BAA35"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL SD2978 FR 04/53 FIXED 6.5</title>
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        <identifiers>
          <isin value="US3132DQJX51"/>
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        <curCd>USD</curCd>
        <valUSD>200876.290000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2006-OA7</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA7 2A1</title>
        <cusip>02146BAF3</cusip>
        <identifiers>
          <isin value="US02146BAF31"/>
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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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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL Q54334 FG 02/48 FIXED 3.5</title>
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        <identifiers>
          <isin value="US3132XWY884"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CB1782 FN 10/51 FIXED 2</title>
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          <isin value="US3140QL6U57"/>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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        <name>GSAA HOME EQUITY TRUST 2006-10</name>
        <lei>N/A</lei>
        <title>GSAA HOME EQUITY TRUST GSAA 2006 10 AF5</title>
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        <identifiers>
          <isin value="US362375AE70"/>
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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>2036-06-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TRUST 2003-3</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2003 3 M1</title>
        <cusip>542514EA8</cusip>
        <identifiers>
          <isin value="US542514EA87"/>
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        <balance>2003423.830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1988587.880000</valUSD>
        <pctVal>0.0010605</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.55868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM3532 FN 07/35 FIXED VAR</title>
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          <isin value="US3140X64S74"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>ACE SECURITIES CORP 2006-NC2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>WASHINGTON MUTUAL 2003-AR6</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2005-21CB</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>NATWEST GROUP PLC</name>
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        <name>STRUCTURED ADJ RATE MTGE LOAN 2005-20</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BANK-2018-BN10</name>
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        <name>FANNIE MAE REMICS 2013-2</name>
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        <title>FANNIE MAE FNR 2013 2 CI</title>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARROWMARK COLORADO HOLDINGS 2018-3A</name>
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        <name>OBX 2023-NQM9 TRUST</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST 2005-HE3</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ALLY BANK AUTO CREDIT-LINKED NOTES SERIES 2024-B</name>
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        <name>20 TIMES SQUARE TRUST 2018-20TS</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-1A</name>
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        <name>FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>AMERICAN HOME MORTGAGE ASSETS 2006-1</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US12479DAA63"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-8CB</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>US CAPITAL FUNDING V LTD 2006-5A</name>
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        <name>BEAR STEARNS ALT-A TRUST 2003-5</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ENCINA SPV</name>
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        <name>TRYSAIL CLO 2022-1A LTD</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP6</name>
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        <name>MF1 MULTIFAMILY HOUSING MORTGAGE LOAN TRUST 2025-FL17</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <name>MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES MLCC 2006-3</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
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          <isin value="US36209SSM43"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BEAR STEARNS STRUCTURED PRODUCTS INC 2007-R8</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
        <valUSD>4465.020000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY IXIS REAL ESTATE CAPITAL TRUST 2006-1</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>300860.250000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2004-20</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2004 20 2A1</title>
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          <isin value="US12669F2H56"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AH0634 FN 01/26 FIXED 3.5</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TR 2004-3</name>
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        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 3 M1</title>
        <cusip>542514GM0</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PACIFIC GAS AND ELECTRIC CO</name>
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          <isin value="US694308HR19"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PACIFIC GAS AND ELECTRIC CO</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>BEAR STEARNS ALT-A TR 2005-3</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>GREEK GOVT</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>SOFI CONSUMER LOAN PROGRAM 2025-A TRUST</name>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2022-B</name>
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        <name>UBS GROUP AG</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY MTGE LN TR 2007-12</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL RB5021 FR 10/39 FIXED 2.5</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ALESCO PREFERRED FUNDING LTD 8A</name>
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          <isin value="US01449CAG50"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>GSAA HOME EQUITY TRUST 2005-12</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>FANNIE MAE 2002-70</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>AMERICAN HOME MTGE INV TRUST 2005-4</name>
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        <name>MFA 2023-NQM2 TRUST</name>
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        <name>PREFERRED TERM SECURITIES XXIII LTD / PREFERRED TERM SECURITIES XXIII INC</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ROUNDSTONE SECURITIES NO 2 DESIGNATED ACTIVITY CO 2A</name>
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        <name>AEGIS ASSET BACKED SEC TR 2004-3</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-3A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FIRST FRANKLIN MTG LOAN ABS 2006-FF10</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2005-WMC5</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2005 WMC5 M5</title>
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        <valUSD>1463484.180000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2006-3</name>
        <lei>N/A</lei>
        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2006 3 1A1</title>
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        <curCd>USD</curCd>
        <valUSD>6488785.140000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138LT5N48"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FANNIEMAE WHOLE LOAN 2003-W12</name>
        <lei>N/A</lei>
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        <cusip>31393ELQ0</cusip>
        <identifiers>
          <isin value="US31393ELQ07"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140QSB671"/>
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        <name>BEAR STEARNS ALT-A TR 2005-2</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3138WHVF67"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140FUNM68"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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          <isin value="US31329KHH05"/>
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        <name>COUNTRYWIDE HOME LOANS 2004-6</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>INTEGRITY RE III LTD</name>
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        <name>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2024-4</name>
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          <isin value="US024945AA55"/>
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        <name>WASHINGTON MUTUAL 2006-AR6</name>
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        <name>IMPAC SECURED ASSETS CORP. 2007-3</name>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BC7642 FN 06/46 FIXED 4</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HESTIA RE LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>HOME EQUITY PASS-THRU CERTS 2005-3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FIRST FRANKLIN MTG LOAN ABS 2006-FF17</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>STRUCTURED ARM LOAN TRUST 2005-4</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>ANCHORAGE CREDIT FUNDING 2020-10A LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2008-2R</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2004-HYB1</name>
        <lei>N/A</lei>
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        <cusip>12669FNP4</cusip>
        <identifiers>
          <isin value="US12669FNP44"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <debtSec>
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        <securityLending>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.07368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-7</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 7 3A2</title>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD NOK BOUGHT USD 20250804</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="25FRKBBN6DM"/>
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        <balance>1.000000</balance>
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        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD BRL BOUGHT USD 20251002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25CFKBCNCMC"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.559800"/>
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        <pctVal>-0.0116238</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Goldman Sachs Bank USA</counterpartyName>
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            <amtCurSold>1429600000.000000</amtCurSold>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH4053 FN 10/47 FIXED 4</title>
        <cusip>3140GSQF2</cusip>
        <identifiers>
          <isin value="US3140GSQF26"/>
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        <balance>4616679.480000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4374692.950000</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>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ6070 FN 01/48 FIXED 3.5</title>
        <cusip>3140H7W86</cusip>
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          <isin value="US3140H7W865"/>
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        <balance>291973.560000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267022.390000</valUSD>
        <pctVal>0.0001424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QF0897 FR 10/52 FIXED 4</title>
        <cusip>3133BM7J8</cusip>
        <identifiers>
          <isin value="US3133BM7J80"/>
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        <balance>3586845.390000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3344443.830000</valUSD>
        <pctVal>0.0017835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AW5109 FN 08/44 FIXED 4</title>
        <cusip>3138XUVB5</cusip>
        <identifiers>
          <isin value="US3138XUVB55"/>
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        <balance>37587.710000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35850.790000</valUSD>
        <pctVal>0.0000191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>POLESTAR RE LTD</name>
        <lei>N/A</lei>
        <title>POLESTAR RE LTD UNSECURED 144A 01/27 VAR</title>
        <cusip>73110JAB8</cusip>
        <identifiers>
          <isin value="US73110JAB89"/>
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        <balance>73700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76994390.000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTEX-2004-A</name>
        <lei>N/A</lei>
        <title>CENTEX HOME EQUITY CXHE 2004 A M1</title>
        <cusip>152314JD3</cusip>
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          <isin value="US152314JD30"/>
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        <balance>380176.990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>392884.980000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.03368</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>KIRKBY RMBS PLC 1A</name>
        <lei>N/A</lei>
        <title>KIRKBY RMBS KIRK 1A A 144A</title>
        <cusip>ACI12K1K1</cusip>
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          <isin value="XS1789787568"/>
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        <balance>100439198.890000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.1434</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>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY5121 FN 07/53 FIXED 4.5</title>
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          <isin value="US3140NMVP99"/>
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        <curCd>USD</curCd>
        <valUSD>134604.950000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE2689 FN 05/47 FIXED 4</title>
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          <isin value="US3140FM7B68"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>WACHOVIA MTGE LOAN TRUST 2006-ALT1</name>
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          <isin value="US92978GAA76"/>
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        <curCd>USD</curCd>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-3A</name>
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        <title>CONSUMER LOAN FINANCE ISSUER T CLFT 2023 3A E 144A</title>
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      <invstOrSec>
        <name>N/A</name>
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        <title>RFR USD SOFR/3.97000 02/27/24-5Y LCH</title>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD ILS BOUGHT USD 20250702</title>
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      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INV 2006-AR1</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 AR1 A2C 144A</title>
        <cusip>59020VAV5</cusip>
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          <isin value="US59020VAV53"/>
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        <curCd>USD</curCd>
        <valUSD>1310936.910000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AO7976 FN 06/27 FIXED 3</title>
        <cusip>3138LY2J5</cusip>
        <identifiers>
          <isin value="US3138LY2J54"/>
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        <balance>40153.020000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39619.590000</valUSD>
        <pctVal>0.0000211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>LEGACY MORTGAGE ASSET TRUST 2018-RPL4</name>
        <lei>N/A</lei>
        <title>LEGACY MORTGAGE ASSET TRUST LMAT 2018 RPL4 PT 144A</title>
        <cusip>52472GAL8</cusip>
        <identifiers>
          <isin value="US52472GAL86"/>
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        <balance>149858571.270000</balance>
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        <curCd>USD</curCd>
        <valUSD>136261438.540000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.55991</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA1530 FN 04/43 FIXED 3.5</title>
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          <isin value="US3140Q8VY82"/>
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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>2043-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM2015 FN 11/49 FIXED VAR</title>
        <cusip>3140X5GZ0</cusip>
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          <isin value="US3140X5GZ06"/>
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        <balance>21496483.760000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>IRS ZAR 8.41000 08/04/23-5Y CME</title>
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          <isin value="EZ0ZH48FN960"/>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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                <issuerName>N/A</issuerName>
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        <securityLending>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G08697 FG 03/46 FIXED 3</title>
        <cusip>3128MJX39</cusip>
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          <isin value="US3128MJX397"/>
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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>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO MTGE BACKED SEC 2007-AR8</name>
        <lei>N/A</lei>
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        <cusip>94985YAA5</cusip>
        <identifiers>
          <isin value="US94985YAA55"/>
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        <balance>14349.860000</balance>
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        <curCd>USD</curCd>
        <valUSD>13242.220000</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>2037-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.67772</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>DEUTSCHE BANK AG/NEW YORK BRANCH</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DEUTSCHE BANK NY 09/31 VAR</title>
        <cusip>251526CD9</cusip>
        <identifiers>
          <isin value="US251526CD98"/>
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        <balance>146147000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136756043.910000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.547</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2007-NC3</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2007 NC3 A2D</title>
        <cusip>61755AAE6</cusip>
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          <isin value="US61755AAE64"/>
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        <balance>9679308.440000</balance>
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        <curCd>USD</curCd>
        <valUSD>7446883.390000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FANNIE MAE 2002-26</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2002 26 A1</title>
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          <isin value="US31392CR301"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <name>N/A</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H24</name>
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      <invstOrSec>
        <name>BANK OF AMERICA MTGE SEC 2003-L</name>
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        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2003 L 2A1</title>
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          <isin value="US05948XQ953"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2005-12</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2005 12 23A1</title>
        <cusip>07387AGE9</cusip>
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          <isin value="US07387AGE91"/>
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        <curCd>USD</curCd>
        <valUSD>231617.380000</valUSD>
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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>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ4634 FN 03/48 FIXED 4</title>
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          <isin value="US3140H6EG03"/>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMORGAN CHASE &amp; CO.</counterpartyName>
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            <amtCurSold>606652222.510000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>925612860.590000</amtCurPur>
            <curPur>AUD</curPur>
            <settlementDt>2025-07-02</settlementDt>
            <unrealizedAppr>2540069.620000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL7</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2019 RPL7 X 144A</title>
        <cusip>12597AAL5</cusip>
        <identifiers>
          <isin value="US12597AAL52"/>
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        <balance>652474749.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65.250000</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>2059-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>MORGAN STANLEY ABS CAPITAL I 2005-NC1</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2005 NC1 M1</title>
        <cusip>61744CMK9</cusip>
        <identifiers>
          <isin value="US61744CMK98"/>
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        <balance>947024.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>956646.720000</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>2035-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09368</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>BEAR STEARNS ALT-A TRUST II 2007-1</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ALT A TRUST II BSAAT 2007 1 1A1</title>
        <cusip>07389KAA9</cusip>
        <identifiers>
          <isin value="US07389KAA97"/>
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        <balance>17773214.930000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8635086.260000</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>2047-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.32809</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-HE6</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2007 HE6 1A2</title>
        <cusip>07387YAB9</cusip>
        <identifiers>
          <isin value="US07387YAB92"/>
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        <balance>29266000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25367362.000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.03368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA ALT LOAN TRUST 2006-5</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA ALTERNATIVE LO BOAA 2006 5 CB1</title>
        <cusip>05950BAA2</cusip>
        <identifiers>
          <isin value="US05950BAA26"/>
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        <balance>14293.480000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12465.020000</valUSD>
        <pctVal>0.0000066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB9008 FN 04/28 FIXED 3</title>
        <cusip>31417GAJ5</cusip>
        <identifiers>
          <isin value="US31417GAJ58"/>
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        <balance>150399.720000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>147956.920000</valUSD>
        <pctVal>0.0000789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FS0126 FN 06/30 FIXED VAR</title>
        <cusip>3140XFD81</cusip>
        <identifiers>
          <isin value="US3140XFD811"/>
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        <balance>36708497.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36047382.310000</valUSD>
        <pctVal>0.0192234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED STATES GOVT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 05/49 2.875</title>
        <cusip>912810SH2</cusip>
        <identifiers>
          <isin value="US912810SH23"/>
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        <balance>3300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2369941.400000</valUSD>
        <pctVal>0.0012638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB4927 FN 04/27 FIXED 3</title>
        <cusip>31417BPM3</cusip>
        <identifiers>
          <isin value="US31417BPM36"/>
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        <balance>62194.740000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61404.120000</valUSD>
        <pctVal>0.0000327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>CSAB MTGE BACKED PASS-THRU CERTS 2006-1</name>
        <lei>N/A</lei>
        <title>CSAB MORTGAGE BACKED TRUST CSAB 2006 1 A6A</title>
        <cusip>22943HAG1</cusip>
        <identifiers>
          <isin value="US22943HAG11"/>
        </identifiers>
        <balance>206470.270000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52256.960000</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>2036-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.672</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>OPORTUN ISSUANCE TRUST 2024-2</name>
        <lei>N/A</lei>
        <title>OPORTUN FUNDING LLC OPTN 2024 2 A 144A</title>
        <cusip>68377KAA5</cusip>
        <identifiers>
          <isin value="US68377KAA51"/>
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        <balance>9012895.120000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9024318.060000</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>2032-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC 2388</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC FHR 2388 EZ</title>
        <cusip>31339M2H0</cusip>
        <identifiers>
          <isin value="US31339M2H00"/>
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        <balance>5655.350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6070.200000</valUSD>
        <pctVal>0.0000032</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL7</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2019 RPL7 B1 144A</title>
        <cusip>12597AAD3</cusip>
        <identifiers>
          <isin value="US12597AAD37"/>
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        <balance>118732900.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107261615.850000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-01-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.7986</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOFI ALTERNATIVE TRUST 2018-A</name>
        <lei>N/A</lei>
        <title>SOFI ALTERNATIVE TRUST SAT 2018 A P1 144A</title>
        <cusip>834012AA4</cusip>
        <identifiers>
          <isin value="US834012AA48"/>
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        <balance>57982091.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55729446.180000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.8394</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BC8945 FN 06/46 FIXED 3.5</title>
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        <identifiers>
          <isin value="US3140F45F91"/>
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        <balance>51986.870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47957.330000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2127 FN 12/44 FIXED 4</title>
        <cusip>31418BLH7</cusip>
        <identifiers>
          <isin value="US31418BLH77"/>
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        <balance>2224577.350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2116736.090000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST 2006-5</name>
        <lei>N/A</lei>
        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2006 5 4A1</title>
        <cusip>86360NAP7</cusip>
        <identifiers>
          <isin value="US86360NAP78"/>
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        <balance>2233363.840000</balance>
        <units>PA</units>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET MTGE PROD 2005-RS3</name>
        <lei>N/A</lei>
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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>
      <invstOrSec>
        <name>PERU GOVT</name>
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        <issuerCat>NUSS</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TERWIN MORTGAGE TRUST 2006-7</name>
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          <isin value="US88156PAC59"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>MASTR SEASONED SECURITIES TRUST 2004-2</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>FREDDIE MAC REMICS 4116</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GSAMP TRUST 2006-HE6</name>
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        <name>WARWICK FINANCE RESIDENTIAL MORTGAGES 3A</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>IXIS REAL ESTATE CAPITAL TRUST 2006-HE2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>EXELA INTERMEDIATE LLC / EXELA FINANCE INC</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET BACKED CERT 2007-SEA1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2007 SEA1 2A1 144A</title>
        <cusip>23248AAJ0</cusip>
        <identifiers>
          <isin value="US23248AAJ07"/>
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        <balance>944324.330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>909104.900000</valUSD>
        <pctVal>0.0004848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.72368</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>MASTR ASSET BACKED SEC TR 2006-HE2</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2006 HE2 A4</title>
        <cusip>57644UAF2</cusip>
        <identifiers>
          <isin value="US57644UAF21"/>
        </identifiers>
        <balance>3770205.070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1310364.180000</valUSD>
        <pctVal>0.0006988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.91368</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>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC SR UNSECURED 06/29 VAR</title>
        <cusip>404280BT5</cusip>
        <identifiers>
          <isin value="US404280BT50"/>
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        <balance>73000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73116697.800000</valUSD>
        <pctVal>0.0389918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.583</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>LONG BEACH MORTGAGE LOAN TR 2006-4</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 4 2A3</title>
        <cusip>54251MAD6</cusip>
        <identifiers>
          <isin value="US54251MAD65"/>
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        <balance>8292211.670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2426087.200000</valUSD>
        <pctVal>0.0012938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75368</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>PACIFIC GAS AND ELECTRIC CO</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PACIFIC GAS + ELECTRIC 1ST MORTGAGE 03/26 2.95</title>
        <cusip>694308HP5</cusip>
        <identifiers>
          <isin value="US694308HP52"/>
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        <balance>69389000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68487471.050000</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>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95</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>CVS PASS-THROUGH TRUST</name>
        <lei>N/A</lei>
        <title>CVS PASS THROUGH TRUST PASS THRU CE 144A 01/33 5.773</title>
        <cusip>126650BV1</cusip>
        <identifiers>
          <isin value="US126650BV16"/>
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        <balance>3442948.800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3471277.860000</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>2033-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.773</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIM TRUST 2023-R4</name>
        <lei>N/A</lei>
        <title>CIM TRUST CIM 2023 R4 A1 144A</title>
        <cusip>12569UAA9</cusip>
        <identifiers>
          <isin value="US12569UAA97"/>
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        <balance>18052227.660000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18097544.170000</valUSD>
        <pctVal>0.0096511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2024-LB2</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MERRILL LYNCH BAMLL 2024 LB2 A 144A</title>
        <cusip>054987AA0</cusip>
        <identifiers>
          <isin value="US054987AA02"/>
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        <balance>415382650.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>409791018.640000</valUSD>
        <pctVal>0.218534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.45244</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>N/A</name>
        <lei>N/A</lei>
        <title>IRS AUD 4.50000 03/20/24-10Y LCH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZJLKSMVQPQ8"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.519400"/>
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        <pctVal>0.0178385</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>AUD-BBR-BBSW-Bloomberg 6M</indexName>
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                <narrativeDesc>N/A</narrativeDesc>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="AUD" fixedOrFloating="Fixed" fixedRt="4.500000"/>
            <floatingPmntDesc curCd="AUD" fixedOrFloating="Floating" floatingRtIndex="AUD-BBR-BBSW-Bloomberg 6M" floatingRtSpread="0.000000" pmntAmt="0.000000">
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                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
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            <upfrontRcpt>-4829883.460000</upfrontRcpt>
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            <curCd>AUD</curCd>
            <unrealizedAppr>38280415.520000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUPITER HIGH-GRADE CDO III LTD 3A</name>
        <lei>N/A</lei>
        <title>JUPITER HIGH GRADE CDO LTD JPTR 2005 3A A2B 144A</title>
        <cusip>48206AAL2</cusip>
        <identifiers>
          <isin value="US48206AAL26"/>
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        <balance>34500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.350000</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73457</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>BANC OF AMERICA MORTGAGE SECURITIES 2005</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 8 A13</title>
        <cusip>05949CHA7</cusip>
        <identifiers>
          <isin value="US05949CHA71"/>
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        <balance>797210.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>704093.190000</valUSD>
        <pctVal>0.0003755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>CITIGROUP MTGE LOAN TRUST INC 2005-12</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 12 1A1 144A</title>
        <cusip>17307GY36</cusip>
        <identifiers>
          <isin value="US17307GY361"/>
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        <balance>1788548.250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1765324.130000</valUSD>
        <pctVal>0.0009414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.18861</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>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-C31</name>
        <lei>N/A</lei>
        <title>WELLS FARGO COMMERCIAL MORTGAG WFCM 2015 C31 ASB</title>
        <cusip>94989WAT4</cusip>
        <identifiers>
          <isin value="US94989WAT45"/>
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        <balance>56.010000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55.910000</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.487</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>RESIDENTIAL ACCREDIT LOANS INC 2007-QH9</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QH9 A1</title>
        <cusip>749241AA3</cusip>
        <identifiers>
          <isin value="US749241AA33"/>
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        <balance>6323477.140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5306220.640000</valUSD>
        <pctVal>0.0028297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.10357</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>THORNBURG MORTGAGE SECURITIES TR 2003-5</name>
        <lei>N/A</lei>
        <title>THORNBURG MORTGAGE SECURITIES TMST 2003 5 2A</title>
        <cusip>885220EC3</cusip>
        <identifiers>
          <isin value="US885220EC34"/>
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        <balance>629394.880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>575700.890000</valUSD>
        <pctVal>0.000307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.59214</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>VCAT LLC 2025-NPL2</name>
        <lei>N/A</lei>
        <title>VCAT ASSET SECURITIZATION, LLC VCAT 2025 NPL2 A1 144A</title>
        <cusip>92243PAA6</cusip>
        <identifiers>
          <isin value="US92243PAA66"/>
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        <balance>43270088.520000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43389583.200000</valUSD>
        <pctVal>0.0231389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>COLLEGE AVE STUDENT LOANS LLC 2023-A</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2006-HE7</name>
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        <balance>23011037.480000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP1</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2021 RP1 M1 144A</title>
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          <isin value="US173114AF68"/>
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        <curCd>USD</curCd>
        <valUSD>23769647.710000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2006-I</name>
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          <isin value="US05951VAA70"/>
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        <balance>694113.170000</balance>
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        <curCd>USD</curCd>
        <valUSD>687699.220000</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>2036-12-20</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE ALT-A SEC INC MTGE LO 2006-AB1</name>
        <lei>N/A</lei>
        <title>DEUTSCHE ALT A SECURITIES INC DBALT 2006 AB1 A2C</title>
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          <isin value="US251510MJ98"/>
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        <curCd>USD</curCd>
        <valUSD>2355296.730000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.53</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHWOODS CAPITAL XII-B LTD 2018-12BA</name>
        <lei>N/A</lei>
        <title>NORTHWOODS CAPITAL LTD WOODS 2018 12BA AR 144A</title>
        <cusip>66858CAN7</cusip>
        <identifiers>
          <isin value="US66858CAN74"/>
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        <balance>33930772.310000</balance>
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        <curCd>USD</curCd>
        <valUSD>33892235.440000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50847</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>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL MORTGAGE SECURITIE RMS 33A Y 144A</title>
        <cusip>ACI2PHLW3</cusip>
        <identifiers>
          <isin value="XS2835004891"/>
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        <balance>950000.000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>RCKT MORTGAGE TRUST 2024-CES9</name>
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        <title>WOODWARD CAPITAL MANAGEMENT RCKT 2024 CES9 A1A 144A</title>
        <cusip>749426AA0</cusip>
        <identifiers>
          <isin value="US749426AA06"/>
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        <balance>42296000.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42507895.250000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.582</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>MERRILL LYNCH MTGE INVESTORS 2006-AF2</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 AF2 AF2</title>
        <cusip>59023NAQ1</cusip>
        <identifiers>
          <isin value="US59023NAQ16"/>
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        <balance>1566052.030000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563381.890000</valUSD>
        <pctVal>0.0003004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AH0773 FN 12/25 FIXED 3.5</title>
        <cusip>3138A12F7</cusip>
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          <isin value="US3138A12F73"/>
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        <balance>3146.210000</balance>
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        <curCd>USD</curCd>
        <valUSD>3131.730000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <name>FIRST HORIZON ALTERNATIVE MORTGAGE SECURITIES 2007-FA2</name>
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        <title>FIRST HORIZON ALTERNATIVE MORT FHAMS 2007 FA2 1A6</title>
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          <isin value="US32053LAF94"/>
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        <balance>2342211.020000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CITIMORTGAGE ALTERNATIVE LOAN TR 2006-A7</name>
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        <title>CITIMORTGAGE ALTERNATIVE LOAN CMALT 2006 A7 1A4</title>
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          <isin value="US12566TAD90"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET SECURITIES CO 2003-37A</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2003 37A 7A</title>
        <cusip>86359BCK5</cusip>
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          <isin value="US86359BCK52"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>DURHAM MORTGAGES 24-AA</name>
        <lei>N/A</lei>
        <title>DURHAM MORTGAGES DRHM 2024 AA A 144A</title>
        <cusip>ACI2N0NS9</cusip>
        <identifiers>
          <isin value="XS2761206114"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.02299</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>RAMP SERIES 2004-KR1 TRUST 2004-KR1</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2004 KR1 MII1 144A</title>
        <cusip>760985Y88</cusip>
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          <isin value="US760985Y884"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOUTH AFRICA EM SP MYC</title>
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          <isin value="EZNLRC3852L0"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>111424.750000</valUSD>
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        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
              <counterpartyLei>I7331LVCZKQKX5T7XV54</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SOUTH AFRICA GOVT</issuerName>
                <issueTitle>REPUBLIC OF SOUTH AFRICA</issueTitle>
                <identifiers>
                  <isin value="US836205AR58"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000"/>
            <otherPmntDesc fixedOrFloating="Other">Single Leg Swap</otherPmntDesc>
            <terminationDt>2026-12-20</terminationDt>
            <upfrontPmnt>0.000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-1234082.060000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>28600000.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1345506.810000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD TWD BOUGHT USD 20250820</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25CAKBBT97R"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="TWD" exchangeRt="28.765400"/>
        <valUSD>-19508403.120000</valUSD>
        <pctVal>-0.0104035</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank, National Association</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
            </counterparties>
            <amtCurSold>4744570958.000000</amtCurSold>
            <curSold>TWD</curSold>
            <amtCurPur>145431920.000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-08-20</settlementDt>
            <unrealizedAppr>-19508403.120000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD9026 FN 03/47 FIXED 4</title>
        <cusip>3140FHA49</cusip>
        <identifiers>
          <isin value="US3140FHA497"/>
        </identifiers>
        <balance>130939.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124172.200000</valUSD>
        <pctVal>0.0000662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>BOUGHT TWD SOLD USD 20250714</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FGKBB55D8"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="TWD" exchangeRt="29.061700"/>
        <valUSD>77133.890000</valUSD>
        <pctVal>0.0000411</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
            </counterparties>
            <amtCurSold>3287309.000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>97776404.000000</amtCurPur>
            <curPur>TWD</curPur>
            <settlementDt>2025-07-14</settlementDt>
            <unrealizedAppr>77133.890000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC CORP 2004-KS8</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIES C RASC 2004 KS8 MII1</title>
        <cusip>76110WD52</cusip>
        <identifiers>
          <isin value="US76110WD525"/>
        </identifiers>
        <balance>454167.340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>444206.910000</valUSD>
        <pctVal>0.0002369</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>5.27368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX7387 FN 02/53 FIXED 5</title>
        <cusip>3140NCF53</cusip>
        <identifiers>
          <isin value="US3140NCF533"/>
        </identifiers>
        <balance>546758.340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>538441.580000</valUSD>
        <pctVal>0.0002871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>FIRST HORIZON MTGE PT TR 2007-2</name>
        <lei>N/A</lei>
        <title>FIRST HORIZON MORTGAGE PASS TH FHASI 2007 2 1A5</title>
        <cusip>320520AE9</cusip>
        <identifiers>
          <isin value="US320520AE98"/>
        </identifiers>
        <balance>131106.490000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39228.450000</valUSD>
        <pctVal>0.0000209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL BG0396 G2 03/48 FIXED 4</title>
        <cusip>3617GJNM7</cusip>
        <identifiers>
          <isin value="US3617GJNM74"/>
        </identifiers>
        <balance>707763.830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>666059.820000</valUSD>
        <pctVal>0.0003552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>GREENSKY HOME IMPROVEMENT TRUST 2024-1</name>
        <lei>N/A</lei>
        <title>GREENSKY HOME IMPROVEMENT ISSU GSKY 2024 1 A2 144A</title>
        <cusip>39571MAB4</cusip>
        <identifiers>
          <isin value="US39571MAB46"/>
        </identifiers>
        <balance>10303676.290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10358160.070000</valUSD>
        <pctVal>0.0055238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.88</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>AEGIS ASSET BACKED SECURITIES TR 2005-4</name>
        <lei>N/A</lei>
        <title>AEGIS ASSET BACKED SECURITIES AABST 2005 4 M2</title>
        <cusip>00764MGH4</cusip>
        <identifiers>
          <isin value="US00764MGH43"/>
        </identifiers>
        <balance>4399965.570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4203578.830000</valUSD>
        <pctVal>0.0022417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13868</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>LONG BEACH MTGE LOAN TRUST 2003-2</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2003 2 M1</title>
        <cusip>542514DU5</cusip>
        <identifiers>
          <isin value="US542514DU50"/>
        </identifiers>
        <balance>1583536.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1641137.890000</valUSD>
        <pctVal>0.0008752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.66368</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>COUNTRYWIDE HOME LOANS 2007-8</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 8 1A1</title>
        <cusip>12545AAA2</cusip>
        <identifiers>
          <isin value="US12545AAA25"/>
        </identifiers>
        <balance>7988308.400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3366064.660000</valUSD>
        <pctVal>0.0017951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>FREDDIE MAC REMICS 4826</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC FHR 4826 NI</title>
        <cusip>3137FH5A7</cusip>
        <identifiers>
          <isin value="US3137FH5A75"/>
        </identifiers>
        <balance>437988.560000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70238.650000</valUSD>
        <pctVal>0.0000375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>COUNTRYWIDE ALTERNATIVE LOAN 2006-HY12</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 HY12 A5</title>
        <cusip>02146PAF2</cusip>
        <identifiers>
          <isin value="US02146PAF27"/>
        </identifiers>
        <balance>268218.920000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251709.030000</valUSD>
        <pctVal>0.0001342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.27948</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>RAAC SERIES 2007-RP4</name>
        <lei>N/A</lei>
        <title>RAAC SERIES RAAC 2007 RP4 A 144A</title>
        <cusip>74919LAD0</cusip>
        <identifiers>
          <isin value="US74919LAD01"/>
        </identifiers>
        <balance>954285.920000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>875569.070000</valUSD>
        <pctVal>0.0004669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13368</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>CARVANA AUTO RECEIVABLES TRUST 2022-P2</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2022 P2 A3</title>
        <cusip>14686JAC4</cusip>
        <identifiers>
          <isin value="US14686JAC45"/>
        </identifiers>
        <balance>370281.670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370143.330000</valUSD>
        <pctVal>0.0001974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.13</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA4941 FN 03/53 FIXED 5.5</title>
        <cusip>31418EP38</cusip>
        <identifiers>
          <isin value="US31418EP387"/>
        </identifiers>
        <balance>10512941.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10540972.360000</valUSD>
        <pctVal>0.0056213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>LEHMAN MORTGAGE TRUST 2006-8</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>WASHINGTON MUTUAL ALTERNATIVE MORTGAGE PASS-THROUGH CERTIFICATES 2007-3</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>LONG BEACH MORTGAGE LOAD TR 2005-WL2</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>VITALITY RE XVI LTD</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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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>
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          <ticker value="WNU5"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-10CB</name>
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        <issuerCat>CORP</issuerCat>
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        <securityLending>
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      <invstOrSec>
        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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          <isin value="XS2576550672"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375</annualizedRt>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AE0949 FN 02/41 FIXED VAR</title>
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          <isin value="US31419BBT17"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AO8700 FN 07/42 FIXED 4</title>
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          <isin value="US3138M0U242"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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        <title>THAMES WATER UTIL FIN SR SECURED REGS 09/39 5.125</title>
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          <isin value="XS0268693743"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>RESIDENTIAL ASSET SEC CORP 2004-KS10</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-1A</name>
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          <isin value="US39571NAC02"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ALTICE FRANCE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CSMC TRUST 2018-RPL10</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2006-AR4</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PREFERRED TERM SECURITIES XIX LTD/PREFERRED TERM SECURITIES XIX INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WINDMILL III RE DESIGNATED ACTIVITY COMPANY</name>
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        <name>N/A</name>
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        <name>JP MORGAN MORTGAGE TRUST 2006-S2</name>
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        <name>WASHINGTON MUTUAL MSC MTG CTFS 2003-MS9</name>
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        <name>CREDIT SUISSE MORTGAGE TRUST 2014-11R</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>TRS SOFRINDX/IBXXLLTR 09/22/25 JPM</title>
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                <issuerName>N/A</issuerName>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>JP MORGAN ALTERNATIVE LN TRUST 2006-A2</name>
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        <name>ALTERNATIVE LOAN TRUST 2007-10CB</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>N/A</name>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO MTGE BK SEC TR 2006-AR4</name>
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      <invstOrSec>
        <name>FINASTRA USA INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2023-P5</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIRST FRANKLIN MTG LOAN 2006-FF12</name>
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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>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>JP MORGAN MORTGAGE ACQI CORP 2006-CW1</name>
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        <name>STRUCTURED ASSET INVEST LN TRUST-2005-11</name>
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        <name>ROUNDSTONE SECURITIES NO 2 DESIGNATED ACTIVITY CO 2A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2023-RPL2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-B</name>
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        <issuerCat>CORP</issuerCat>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BM5879 FN 12/45 FIXED VAR</title>
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      </invstOrSec>
      <invstOrSec>
        <name>OFSI BSL X LTD</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>ARGENT SECURITIES INC 2005-W3</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TR 2006-AMC1</name>
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          <isin value="US17309PAB22"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>ALBA PLC 2006-2</name>
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        <name>SPRINT CAPITAL CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>CHASE HOME LENDING MORTGAGE TRUST 2024-9</name>
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        <name>CBAM 2018-6 LTD 2019-10A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2024-AWH</name>
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        <name>GSAMP TRUST 2007-HE2</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2007 HE2 A2C</title>
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        <name>CENTEX HOME EQUITY 2005-A</name>
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        <title>CENTEX HOME EQUITY CXHE 2005 A M3</title>
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        <name>DELOITTE LLP</name>
        <lei>549300FJV7IV1ZHGAV28</lei>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>77758.670000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2006-A3</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2006 A3 4A1</title>
        <cusip>46628KAN0</cusip>
        <identifiers>
          <isin value="US46628KAN00"/>
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        <balance>412572.960000</balance>
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        <curCd>USD</curCd>
        <valUSD>355951.410000</valUSD>
        <pctVal>0.0001898</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.42986</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT PEN SOLD USD 20250714</title>
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          <other otherDesc="Internal ID" value="25FGKBCD4R4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BANCO SANTANDER S.A.</counterpartyName>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2007-HE1</name>
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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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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140JXL972"/>
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        <curCd>USD</curCd>
        <valUSD>109392.670000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NISSAN MOTOR ACCEPTANCE CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2022-RPL2</name>
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        <title>GS MORTGAGE BACKED SECURITIES GSMBS 2022 RPL2 PT 144A</title>
        <cusip>36267WAS0</cusip>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4.69498</annualizedRt>
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        <name>GLP CAPITAL LP / GLP FINANCING II INC</name>
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          <isin value="US361841AR08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD TWD BOUGHT USD 20250820</title>
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          <other otherDesc="Internal ID" value="25CIKBB2XDM"/>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>RALI SERIES 2005-QO1 TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BA1028 FN 10/45 FIXED 4</title>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL ZM2885 FR 03/47 FIXED 4.5</title>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BC3298 FN 05/46 FIXED 4</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3027 FN 06/47 FIXED 4</title>
        <cusip>31418CLH5</cusip>
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          <isin value="US31418CLH50"/>
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        <balance>704983.480000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <fairValLevel>2</fairValLevel>
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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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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US94985JCA60"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138WJTT55"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NRZT 2019-5A</name>
        <lei>N/A</lei>
        <title>NEW RESIDENTIAL MORTGAGE LOAN NRZT 2019 5A B3 144A</title>
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          <isin value="US64830MCU53"/>
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        <balance>36039426.100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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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>2059-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.25501</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>URSA RE LTD</name>
        <lei>549300O8X4DWGDJZ6W59</lei>
        <title>URSA RE LTD UNSECURED 144A 02/28 VAR</title>
        <cusip>90323WAR1</cusip>
        <identifiers>
          <isin value="US90323WAR16"/>
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        <balance>25300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25449270.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 934262 FN 06/38 FIXED 6</title>
        <cusip>31412TMK6</cusip>
        <identifiers>
          <isin value="US31412TMK69"/>
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        <balance>8316.690000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8696.920000</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>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BW7744 FN 09/52 FIXED 6</title>
        <cusip>3140N0TA3</cusip>
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          <isin value="US3140N0TA30"/>
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        <balance>31569.450000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS6671 FN 02/46 FIXED 4</title>
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          <isin value="US3138WGMV36"/>
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        <balance>1293016.140000</balance>
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        <curCd>USD</curCd>
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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>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>STRUCTURED ASSET SECURITIES CORPORATION 2006-AM1</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2006 AM1 A5</title>
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        <identifiers>
          <isin value="US86359XAE31"/>
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        <balance>4505898.520000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4447302.460000</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>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.70368</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RP11</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2019 RP11 SA 144A</title>
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          <isin value="US12597GBF46"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDA MORTGAGE LOAN TR 2005-AR1</name>
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          <isin value="US45660LZM44"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140NDNN35"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>DEUTSCHE ALT-A SECURITIES INC 2007-BAR1</name>
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      <invstOrSec>
        <name>MIDOCEAN CREDIT CLO VI 2016-6A</name>
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          <isin value="US59802XBN21"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>BANC OF AMERICA FUNDING TRUST 2010-R5</name>
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        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2010 R5 1A3 144A</title>
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          <isin value="US05956DAD66"/>
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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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSET BACKED SEC CORP HM EQ 2005-HE6</name>
        <lei>N/A</lei>
        <title>ASSET BACKED SECURITIES CORP H ABSHE 2005 HE6 M5</title>
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          <isin value="US04541GTP71"/>
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        <curCd>USD</curCd>
        <valUSD>2669363.470000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
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        <name>NEWARK BSL CLO 2 LTD 2017 1A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PALMER SQUARE EUROPEAN LOAN FUNDING 2024-2 DESIGNATED ACTIVITY CO 24-2A</name>
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        <cusip>ACI2Q3MV4</cusip>
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          <isin value="XS2865669365"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST-2005-A1</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2005 A1 6T1</title>
        <cusip>466247LZ4</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IMPAC SEC ASSETS CMN OWNER TR 2003-1</name>
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        <title>IMPAC SECURED ASSETS CORP. IMSA 2003 1 A1</title>
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          <isin value="US45254TMF83"/>
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        <balance>1033368.120000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US3140NJXM12"/>
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        <balance>94846.610000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140FBMD97"/>
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        <balance>13675.500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12643.510000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BENEFIT STREET PARTNERS CLO XX LTD 20A</name>
        <lei>N/A</lei>
        <title>BENEFIT STREET PARTNERS CLO LT BSP 2020 20A AR 144A</title>
        <cusip>08182FAN9</cusip>
        <identifiers>
          <isin value="US08182FAN96"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2505339.450000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.68771</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEGACY MORTGAGE ASSET TRUST 2024-INV1</name>
        <lei>N/A</lei>
        <title>LEGACY MORTGAGE ASSET TRUST LMAT 2024 INV1 PT 144A</title>
        <cusip>52475VBH0</cusip>
        <identifiers>
          <isin value="US52475VBH06"/>
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        <valUSD>1315893740.430000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.82026</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC 2359</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC FHR 2359 ZB</title>
        <cusip>3133TV5T9</cusip>
        <identifiers>
          <isin value="US3133TV5T91"/>
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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>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140GSNW85"/>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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          <isin value="US3128MJ3J79"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2024-RP4</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2024 RP4 PT 144A</title>
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          <isin value="US17332EAT91"/>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAYVIEW FINANCIAL ACQUISITION TR 2007-A</name>
        <lei>N/A</lei>
        <title>BAYVIEW FINANCIAL ACQUISITION BAYV 2007 A 2A</title>
        <cusip>07325VAG9</cusip>
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          <isin value="US07325VAG95"/>
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        <curCd>USD</curCd>
        <valUSD>2633737.360000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.96629</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP 2007-HE2</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP. ACE 2007 HE2 A2A</title>
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          <isin value="US00443PAB58"/>
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        <balance>2096757.370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1094033.900000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.67368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2007-QS1</name>
        <lei>N/A</lei>
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          <isin value="US74922KAM71"/>
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        <balance>1756798.140000</balance>
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        <curCd>USD</curCd>
        <valUSD>1321328.110000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LEHMAN MORTGAGE TRUST 2007-3</name>
        <lei>N/A</lei>
        <title>LEHMAN MORTGAGE TRUST LMT 2007 3 1A2</title>
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          <isin value="US52521JAB52"/>
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        <balance>11884484.110000</balance>
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        <curCd>USD</curCd>
        <valUSD>1155077.370000</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>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.26632</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BEAR STEARNS MTGE FUND TR 2006-AR3</name>
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        <cusip>07400HAQ6</cusip>
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          <isin value="US07400HAQ65"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TR 2006-8</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 8 2A2</title>
        <cusip>54251UAC0</cusip>
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          <isin value="US54251UAC09"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.61368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3132VMQ810"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELLINGTON LOAN ACQUISITION TRUST 2007-2</name>
        <lei>N/A</lei>
        <title>ELLINGTON LOAN ACQUISITION TRU ELAT 2007 2 A2F 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>PRIME MORTGAGE TR 2005-5</name>
        <lei>N/A</lei>
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        <cusip>74160MLQ3</cusip>
        <identifiers>
          <isin value="US74160MLQ32"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>PETROLEOS MEXICANOS (PEMEX)</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>NEUBERGER BERMAN LOAN ADVISERS CLO 43 LTD 2021-43A</name>
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        <title>NEUBERGER BERMAN CLO LTD NEUB 2021 43A AR 144A</title>
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          <isin value="US64134AAJ16"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US36209LZ256"/>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US31416TL495"/>
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        <curCd>USD</curCd>
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        <name>MASTR ASSET BACKED SEC TR 2007-HE1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL 252162 FN 12/28 FIXED 6.5</title>
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          <isin value="US31371HB720"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM3241 FN 03/50 FIXED VAR</title>
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          <isin value="US3140X6S774"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
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        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CENTEX HOME EQUITY 2002-C</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2004-4</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>NRPLM 2023-RPL1</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2024-NQM1</name>
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        <name>CAPITAL FOUR US CLO 2022-1A</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MADISON PARK FUNDING XLVI LTD 2020-46A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>COUNTRYWIDE HOME LOANS 2005-15</name>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138YUMC21"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS INC 2006-QA2</name>
        <lei>N/A</lei>
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        <cusip>761118TN8</cusip>
        <identifiers>
          <isin value="US761118TN81"/>
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        <balance>5621324.610000</balance>
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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>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LENDINGPOINT PASS-THROUGH TRUST SERIES 2022-ST4</name>
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        <title>LENDINGPOINT PASS THROUGH TRUS LPPT 2022 ST4 A 144A</title>
        <cusip>52608GAA9</cusip>
        <identifiers>
          <isin value="US52608GAA94"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CHASEFLEX TRUST 2007-3</name>
        <lei>N/A</lei>
        <title>CHASEFLEX TRUST CFLX 2007 3 2A1</title>
        <cusip>16165AAD6</cusip>
        <identifiers>
          <isin value="US16165AAD63"/>
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        <balance>8178215.170000</balance>
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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>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX5097 FN 02/53 FIXED 5.5</title>
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          <isin value="US3140N9UX23"/>
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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>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZS4730 FR 08/47 FIXED 3.5</title>
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          <isin value="US3132A5HF53"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOAN MORTGAGE PASS THROUGH TRUST 2007-J3</name>
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        <title>COUNTRYWIDE HOME LOANS CWHL 2007 J3 A9</title>
        <cusip>17025QAJ6</cusip>
        <identifiers>
          <isin value="US17025QAJ67"/>
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        <balance>2565664.330000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31416W6K30"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-9</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 9 A11</title>
        <cusip>12544XAV7</cusip>
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          <isin value="US12544XAV73"/>
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        <balance>289241.220000</balance>
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      <invstOrSec>
        <name>ONEMAIN FINANCIAL ISSUANCE TRUST 2023-2A</name>
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          <isin value="US68269HAE53"/>
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        <valUSD>19097926.020000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MORTGAGE EQUITY CONVER ASSET TR 2007-FF3</name>
        <lei>N/A</lei>
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        <cusip>61911GAA2</cusip>
        <identifiers>
          <isin value="US61911GAA22"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SOFI CONSUMER LOAN PROGRAM 2025-B TRUST</name>
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          <ticker value="SCLP"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AJ8107 FN 12/41 FIXED 4</title>
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          <isin value="US3138E1AH02"/>
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        <name>STRUCTURED ADJUSTABLE RT MTGE LN 2005-17</name>
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        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2005 17 3A1</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL MA5040 FN 06/53 FIXED 6</title>
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          <isin value="US31418ES688"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL RB5036 FR 01/40 FIXED 2.5</title>
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          <isin value="US3133KYSZ33"/>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB1389 FN 08/40 FIXED 4.5</title>
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          <isin value="US31416WRK08"/>
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        <balance>5297.940000</balance>
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        <valUSD>5286.610000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1009.840000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZKTBHXRSKN0"/>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140EBM654"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BM2002 FN 10/47 FIXED VAR</title>
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        <debtSec>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <debtSec>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AI7866 FN 08/41 FIXED 4</title>
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        <name>SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-WM1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AS7795 FN 08/46 FIXED 4</title>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-10CB</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GSAA HOME EQUITY TRUST 2007-10</name>
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        <name>STRUCTURED ASSET MTG INV INC 2005-AR8</name>
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        <name>FIRST FRANKLIN MTG LOAN ABS 2006-FF15</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <name>TOWD POINT MORTGAGE TRUST 2018-4</name>
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          <isin value="US89175TAC27"/>
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        <issuerCat>CORP</issuerCat>
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        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <debtSec>
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        <name>RESIDENTIAL ASSET MORTGAGE PRODUCTS INC 2005-RS1</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>COUNTRYWIDE HOME LOANS 2007-9</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MASTR ADJUSTABLE RT MTGE TRUST 2004-3</name>
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        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2004-1</name>
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        <name>RIPON MORTGAGES PLC 25-1A</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP3</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2021 RP3 B2 144A</title>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TR 2007-NCW</name>
        <lei>N/A</lei>
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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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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TR 2005-5</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>TAUPE FUNDING TRUST I 2024-1A</name>
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          <isin value="US876692AC85"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2006-39CB</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 39CB 1A10</title>
        <cusip>02148JAK3</cusip>
        <identifiers>
          <isin value="US02148JAK34"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB1938 FN 12/25 FIXED 3.5</title>
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          <isin value="US31416XEL01"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2279 FN 05/45 FIXED 4</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BD8731 FN 02/47 FIXED 4</title>
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          <couponKind>Fixed</couponKind>
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        <name>GSAMP TRUST 2006-FM3</name>
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        <title>GSAMP TRUST GSAMP 2006 FM3 A1</title>
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          <isin value="US36245TAA34"/>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BR2676 FN 02/51 FIXED 2.5</title>
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          <isin value="US3140L06N25"/>
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        <curCd>USD</curCd>
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        <name>RESIDENTIAL ACCREDIT LOANS INC 2005-QA8</name>
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        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QA8 CB11</title>
        <cusip>761118BP2</cusip>
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          <isin value="US761118BP22"/>
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        <balance>4331998.430000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3008541.290000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.00215</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>HARBORVIEW MORTGAGE LOAN TR 2006-BU1</name>
        <lei>N/A</lei>
        <title>HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2006 BU1 2A1A</title>
        <cusip>41161PG72</cusip>
        <identifiers>
          <isin value="US41161PG725"/>
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        <balance>1255866.210000</balance>
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        <curCd>USD</curCd>
        <valUSD>1170281.940000</valUSD>
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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>Floating</couponKind>
          <annualizedRt>4.81206</annualizedRt>
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        <securityLending>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRKCM 2024-HOME1 TRUST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2006-HE3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES GOVT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSECO FIN SEC CORP 1999-6</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>CHESTER A PLC 1-AA</name>
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        <debtSec>
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        <name>ARGENT SECURITIES INC 2006-M1</name>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FREDDIE MAC 3284</name>
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        <title>FREDDIE MAC FHR 3284 NI</title>
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        <name>GNMA PASS THRU POOLS</name>
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        <debtSec>
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        <name>COUNTRYWIDE HOME LOANS 2007-HYB2</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>GSAMP TRUST 2006-NC2</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2006 NC2 A2D</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>CS FIRST BOSTON MTGE SEC CORP 2005-4</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FREMONT HOME LOAN TRUST 2005-D</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST HORIZON ALTERNATIVE MORTGAGE SECURITIES 2006-AA1</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>AMERICAN AIRLINES 2019-1 CLASS AA PASS THROUGH TRUST</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BOEING CO/THE</name>
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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>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>M&amp;T BANK AUTO RECEIVABLES TRUST 2024-1A</name>
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        <cusip>55286TAB1</cusip>
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          <isin value="US55286TAB17"/>
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        <balance>19446035.860000</balance>
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        <curCd>USD</curCd>
        <valUSD>19496264.970000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.59</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BEAR STEARNS ASSETBACKED SEC 2006-1</name>
        <lei>N/A</lei>
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          <isin value="US07384YUW47"/>
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        <balance>6953547.670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2006-7</name>
        <lei>N/A</lei>
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          <isin value="US05951KAK97"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BCAP LLC TRUST 2009-RR12</name>
        <lei>N/A</lei>
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          <isin value="US05532GAD25"/>
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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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH 1ST FRANKLIN MTG LN 2007-5</name>
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        <title>MERRILL LYNCH FIRST FRANKLIN M FFMER 2007 5 1A</title>
        <cusip>59025RAW7</cusip>
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          <isin value="US59025RAW79"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>GSR MORTGAGE LOAN TRUST 2005-AR7</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-3T1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 3T1 1A9</title>
        <cusip>02149VAJ8</cusip>
        <identifiers>
          <isin value="US02149VAJ89"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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        <name>TOWD POINT MORTGAGE TRUST 2024-CES2</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP5</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT CAD SOLD USD 20250702</title>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.59500 08/19/24-10Y LCH</title>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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        <name>N/A</name>
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        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB9277 FN 05/43 FIXED 4</title>
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        <curCd>USD</curCd>
        <valUSD>539900.190000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARMAX SELECT RECEIVABLES TRUST 2024-A</name>
        <lei>N/A</lei>
        <title>CARMAX SELECT RECEIVABLES TRUS CMXS 2024 A A2A</title>
        <cusip>14319FAB9</cusip>
        <identifiers>
          <isin value="US14319FAB94"/>
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        <balance>6003641.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6025258.090000</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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.78</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>KIRKBY RMBS PLC 1A</name>
        <lei>N/A</lei>
        <title>KIRKBY RMBS KIRK 1A B 144A</title>
        <cusip>ACI12K022</cusip>
        <identifiers>
          <isin value="XS1789788533"/>
        </identifiers>
        <balance>82543000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>110117685.860000</valUSD>
        <pctVal>0.0587237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.3434</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>COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR</name>
        <lei>N/A</lei>
        <title>COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR A 144A</title>
        <cusip>12564NAA0</cusip>
        <identifiers>
          <isin value="US12564NAA00"/>
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        <balance>2155270.680000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2117465.510000</valUSD>
        <pctVal>0.0011292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.805</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>STRUCTURED ASSET MTG INV INC 2005-AR7</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET MORTGAGE INVE SAMI 2005 AR7 5A1</title>
        <cusip>86359LQS1</cusip>
        <identifiers>
          <isin value="US86359LQS15"/>
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        <balance>21485.090000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19853.690000</valUSD>
        <pctVal>0.0000106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.85869</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>MEXICO LA SP MYC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZDKNKQB19P7"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>606576.600000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD9131 FN 10/46 FIXED 3.5</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GSR MORTGAGE LOAN TRUST 2006-3F</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2007-5</name>
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        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2007 5 2A4</title>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CB6596 FN 05/53 FIXED 5.5</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>UNICREDIT SPA</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ARGENT SECURITIES INC 2005-W4</name>
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        <title>ARGENT SECURITIES INC. ARSI 2005 W4 A2D</title>
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        <curCd>USD</curCd>
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        <cusip>07325QAD7</cusip>
        <identifiers>
          <isin value="US07325QAD79"/>
        </identifiers>
        <balance>970711.410000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>979750.000000</valUSD>
        <pctVal>0.0005225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.58368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD4615 FN 09/46 FIXED 3.5</title>
        <cusip>3140FCDV7</cusip>
        <identifiers>
          <isin value="US3140FCDV79"/>
        </identifiers>
        <balance>59915.270000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55742.320000</valUSD>
        <pctVal>0.0000297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>WASHINGTON MUTUAL 2001-AR5</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2001 AR5 1A</title>
        <cusip>22540VLE0</cusip>
        <identifiers>
          <isin value="US22540VLE01"/>
        </identifiers>
        <balance>81423.110000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80227.530000</valUSD>
        <pctVal>0.0000428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.3754</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>MEXICO LA SP MYC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZ89MT0WHJP2"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>165026.160000</valUSD>
        <pctVal>0.000088</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
              <counterpartyLei>I7331LVCZKQKX5T7XV54</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MEXICO GOVT</issuerName>
                <issueTitle>MEXICO GOVT (UMS)</issueTitle>
                <identifiers>
                  <isin value="US91087BAC46"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000"/>
            <otherPmntDesc fixedOrFloating="Other">Single Leg Swap</otherPmntDesc>
            <terminationDt>2028-06-20</terminationDt>
            <upfrontPmnt>0.000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-336511.450000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>17400000.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>501537.610000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TURKEY GOVT</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>TURKIYE GOVERNMENT BOND BONDS 08/26 VAR</title>
        <cusip>ACI2P59J2</cusip>
        <identifiers>
          <isin value="TRT190826T19"/>
        </identifiers>
        <balance>52700000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="TRY" exchangeRt="39.817700"/>
        <valUSD>1329221.520000</valUSD>
        <pctVal>0.0007088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>48.8</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>COUNTRYWIDE HOME LOANS 2007-J2</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 J2 2A8</title>
        <cusip>12545EAJ5</cusip>
        <identifiers>
          <isin value="US12545EAJ55"/>
        </identifiers>
        <balance>1667873.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>565078.750000</valUSD>
        <pctVal>0.0003013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>RALI SERIES 2005-QO1 TRUST</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QO1 A2</title>
        <cusip>761118EP9</cusip>
        <identifiers>
          <isin value="US761118EP94"/>
        </identifiers>
        <balance>138009.900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>109543.440000</valUSD>
        <pctVal>0.0000584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.89869</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>HUNTINGTON AUTO TRUST 2024-1A</name>
        <lei>N/A</lei>
        <title>HUNTINGTON AUTO TRUST HUNT 2024 1A A3 144A</title>
        <cusip>446144AE7</cusip>
        <identifiers>
          <isin value="US446144AE71"/>
        </identifiers>
        <balance>57600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58130472.960000</valUSD>
        <pctVal>0.0309999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.23</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY6096 FN 09/53 FIXED 6</title>
        <cusip>3140NNX26</cusip>
        <identifiers>
          <isin value="US3140NNX269"/>
        </identifiers>
        <balance>90643.140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92264.810000</valUSD>
        <pctVal>0.0000492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RP11</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2019 RP11 2B2 144A</title>
        <cusip>12597GAY4</cusip>
        <identifiers>
          <isin value="US12597GAY44"/>
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        <balance>57175750.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55989747.700000</valUSD>
        <pctVal>0.0298583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.17566</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>DIAMETER CAPITAL CLO 2024-6A</name>
        <lei>N/A</lei>
        <title>DIAMETER CAPITAL CLO DCLO 2024 6A A1 144A</title>
        <cusip>25255UAA0</cusip>
        <identifiers>
          <isin value="US25255UAA07"/>
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        <balance>137400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137828667.390000</valUSD>
        <pctVal>0.0735015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.8661</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BN6213 FN 03/49 FIXED 4</title>
        <cusip>3140JN3X6</cusip>
        <identifiers>
          <isin value="US3140JN3X66"/>
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        <balance>488498.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>461336.780000</valUSD>
        <pctVal>0.000246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>RESIDENTIAL ASSET MORTGAGE PROD 2006-NC2</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2006 NC2 M1</title>
        <cusip>75156TAD2</cusip>
        <identifiers>
          <isin value="US75156TAD28"/>
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        <balance>1195799.720000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1161333.780000</valUSD>
        <pctVal>0.0006193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.97368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH7186 FN 10/47 FIXED 4</title>
        <cusip>3140GV6Y6</cusip>
        <identifiers>
          <isin value="US3140GV6Y61"/>
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        <balance>1281822.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1213566.150000</valUSD>
        <pctVal>0.0006472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 555405 FN 03/33 FLOATING VAR</title>
        <cusip>31385XAE7</cusip>
        <identifiers>
          <isin value="US31385XAE76"/>
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        <balance>30845.350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31521.320000</valUSD>
        <pctVal>0.0000168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.321</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>MASTR ASSET BACKED SEC TR 2006-WMC3</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2006 WMC3 A2</title>
        <cusip>55291KAB3</cusip>
        <identifiers>
          <isin value="US55291KAB35"/>
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        <balance>4673177.270000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1577085.640000</valUSD>
        <pctVal>0.000841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.53368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED STATES GOVT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 04/27 4.5</title>
        <cusip>91282CKJ9</cusip>
        <identifiers>
          <isin value="US91282CKJ98"/>
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        <balance>2225400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2253478294.630000</valUSD>
        <pctVal>1.20174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-2CB</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-WM4</name>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25BLKBB37SS"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2023-BA</name>
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      <invstOrSec>
        <name>WAMU MTGE P/T CERT 2007-HY3</name>
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      <invstOrSec>
        <name>SMB PRIVATE EDUCATION LOAN TRUST 2022-D</name>
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          <couponKind>Floating</couponKind>
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        <name>N/A</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-25</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>AVON FINANCE 4A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CHASEFLEX TRUST 2006-1</name>
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        <name>SEQUOIA MORTGAGE TRUST 10</name>
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        <issuerCat>CORP</issuerCat>
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        <name>PROSUS NV</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN 2006-OA11</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>EVERGLADES RE II LTD</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>LEHMAN XS TRUST 2005-7N</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140X9U378"/>
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        <name>FANNIE MAE 2010-59</name>
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        <debtSec>
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        <name>FIRST FRANKLIN MTG LOAN ASSET BACKED CERTIFICATES 2007-FF2</name>
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        <name>BEAR STEARNS MORTGAGE FUNDING TRUST 2007-AR1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ROLLS-ROYCE PLC</name>
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        <name>BCAP LLC TRUST 2007-AA4</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 889466 FN 05/38 FIXED VAR</title>
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          <isin value="US31410KFF66"/>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3614 FN 03/49 FIXED 3.5</title>
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          <couponKind>Fixed</couponKind>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TDA 19-MIXTO FONDO DE TITULIZACION DE ACTIVOS</name>
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      <invstOrSec>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>LEHMAN XS TRUST 2006-16N</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TRUST 2004-6</name>
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      <invstOrSec>
        <name>FREDDIE MAC REMICS 3471</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CITICORP MTGE SEC 2005-1</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G08705 FG 05/46 FIXED 3</title>
        <cusip>3128MJYB0</cusip>
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          <isin value="US3128MJYB03"/>
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        <balance>55331.580000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49269.780000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PARK PLACE SECURITIES INC 2004-WHQ2</name>
        <lei>N/A</lei>
        <title>PARK PLACE SECURITIES INC PPSI 2004 WHQ2 M5</title>
        <cusip>70069FEM5</cusip>
        <identifiers>
          <isin value="US70069FEM59"/>
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        <balance>3246910.120000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2979602.400000</valUSD>
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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>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BP6269 FN 05/50 FIXED 4</title>
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          <isin value="US3140KD6F23"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BAYVIEW OPPORTUNITY MASTER FUND VII TRUST 2024-SN1</name>
        <lei>N/A</lei>
        <title>BOF URSA FUNDING BVABS 2024 SN1 A3 144A</title>
        <cusip>072926AC2</cusip>
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          <isin value="US072926AC22"/>
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        <curCd>USD</curCd>
        <valUSD>16362787.600000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-38</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 38 A3</title>
        <cusip>12667GZ30</cusip>
        <identifiers>
          <isin value="US12667GZ303"/>
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        <balance>7120151.900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6503170.800000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MTGE TRUST 2005-A7</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2005 A7 1A4</title>
        <cusip>466247WL3</cusip>
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          <isin value="US466247WL39"/>
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        <balance>129736.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126610.170000</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>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.98095</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BC3909 FN 04/46 FIXED 4</title>
        <cusip>3140EYKX8</cusip>
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          <isin value="US3140EYKX81"/>
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        <balance>60132.300000</balance>
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        <curCd>USD</curCd>
        <valUSD>56999.530000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL 846877 FH 03/31 FLOATING VAR</title>
        <cusip>3128HDUA5</cusip>
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          <isin value="US3128HDUA50"/>
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        <balance>3292.800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3307.760000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.243</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB2753 FN 04/26 FIXED 3.5</title>
        <cusip>31416YBX5</cusip>
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          <isin value="US31416YBX58"/>
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        <balance>856.740000</balance>
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        <curCd>USD</curCd>
        <valUSD>851.170000</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>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE8434 FN 04/47 FIXED 4</title>
        <cusip>3140FULQ9</cusip>
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          <isin value="US3140FULQ90"/>
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        <balance>85634.940000</balance>
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        <curCd>USD</curCd>
        <valUSD>80454.720000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH5499 FN 09/47 FIXED 4</title>
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          <isin value="US3140GUDD60"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CB7426 FN 11/53 FIXED 6.5</title>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS MXN 8.41000 11/14/24-1Y* (WHT) CME</title>
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        <name>N/A</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AH0942 FN 12/40 FIXED 4</title>
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        <name>UNITED STATES GOVT</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2549 FN 03/46 FIXED 3.5</title>
        <cusip>31418BZP4</cusip>
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          <isin value="US31418BZP48"/>
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        <balance>19812.160000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18342.180000</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>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>THAMES WATER UTILITIES FINANCE PLC</name>
        <lei>213800ESMPQ4RQ7G8351</lei>
        <title>THAMES WATER UTIL FIN SR SECURED REGS 04/42 2.375</title>
        <cusip>ACI1LVZ52</cusip>
        <identifiers>
          <isin value="XS2161831776"/>
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        <balance>6300000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.375</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>COUNTRYWIDE ALTERNATIVE LOAN TR 2005-J11</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 J11 1A2</title>
        <cusip>12668AJA4</cusip>
        <identifiers>
          <isin value="US12668AJA43"/>
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        <balance>2468384.100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170309.370000</valUSD>
        <pctVal>0.0000908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.51632</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>EXETER AUTOMOBILE RECEIVABLES TRUST 2025-2A</name>
        <lei>N/A</lei>
        <title>EXETER AUTOMOBILE RECEIVABLES EART 2025 2A A2</title>
        <cusip>30168JAB9</cusip>
        <identifiers>
          <isin value="US30168JAB98"/>
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        <balance>25700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25704384.420000</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>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.78</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>3175OQ913 PIMCO CAP USD 0.02224 USD SOFR COMPO</title>
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          <other otherDesc="Internal ID" value="OP001VDB2"/>
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        <balance>-605500000.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12361948.550000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Wells Fargo Bank, National Association</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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            <shareNo>N/A</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-1917073.550000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SEC ASSET BACKED REC LLC 2006-FR4</name>
        <lei>N/A</lei>
        <title>SECURITIZED ASSET BACKED RECEI SABR 2006 FR4 A1 144A</title>
        <cusip>81377GAM1</cusip>
        <identifiers>
          <isin value="US81377GAM15"/>
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        <balance>35247891.600000</balance>
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        <curCd>USD</curCd>
        <valUSD>14578616.090000</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>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHEVY CHASE MTGE FUNDING CORP 2004-3A</name>
        <lei>N/A</lei>
        <title>CHEVY CHASE MORTGAGE FUNDING C CCMFC 2004 3A A2 144A</title>
        <cusip>16678RBV8</cusip>
        <identifiers>
          <isin value="US16678RBV87"/>
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        <balance>175206.740000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170031.220000</valUSD>
        <pctVal>0.0000907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</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>CARRINGTON MTGE LOAN TRUST 2007-FRE1</name>
        <lei>N/A</lei>
        <title>CARRINGTON MORTGAGE LOAN TRUST CARR 2007 FRE1 A4</title>
        <cusip>144527AD0</cusip>
        <identifiers>
          <isin value="US144527AD05"/>
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        <balance>8317260.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7180996.690000</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>2036-12-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.85368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST HORIZON MTGE PT TR 2006-AR4</name>
        <lei>N/A</lei>
        <title>FIRST HORIZON MORTGAGE PASS TH FHASI 2006 AR4 1A2</title>
        <cusip>32053AAB2</cusip>
        <identifiers>
          <isin value="US32053AAB26"/>
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        <balance>318093.680000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160102.080000</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>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.04048</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA2166 FN 08/48 FIXED 4.5</title>
        <cusip>3140Q9MQ3</cusip>
        <identifiers>
          <isin value="US3140Q9MQ33"/>
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        <balance>23469.280000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22845.490000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/4.22000 10/20/23-10Y LCH</title>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT IDR SOLD USD 20250716</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="25FGKBBHFC4"/>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY9339 FN 08/53 FIXED 5.5</title>
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          <isin value="US3140NSLV48"/>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BEAR STEARNS ALT-A TRUST 2006-1</name>
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        <title>BEAR STEARNS ALT A TRUST BALTA 2006 1 23A1</title>
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          <isin value="US07386HC585"/>
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        <balance>525134.020000</balance>
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        <curCd>USD</curCd>
        <valUSD>493052.850000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.37127</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT INR SOLD USD 20250820</title>
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      </invstOrSec>
      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2011-2</name>
        <lei>N/A</lei>
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        <cusip>17318DAL6</cusip>
        <identifiers>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <descRefInstrmnt>
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <identifiers>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT PLN SOLD USD 20250710</title>
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        <lei>N/A</lei>
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        <name>MORGAN STANLEY ABS CAPITAL I 2005-WMC1</name>
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        <name>INDYMAC INDX MORTGAGE LOAN TR 2005-AR8</name>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD GBP BOUGHT USD 20250804</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>NEWGATE FUNDING PLC 2007-3X</name>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-1</name>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-HE1</name>
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        <name>STRUCTURED ADJ RATE MTGE LOAN 2005-21</name>
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        <name>AMERICAN AIRLINES 2015-1 CLASS A PASS THROUGH TRUST</name>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INVS 2006-HE3</name>
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      </invstOrSec>
      <invstOrSec>
        <name>SG MORTGAGE SECURITIES TRUST 2006-FRE1</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP6</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>WELLS FARGO MORTGAGE LOAN TRUST 2010-RR4</name>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2004-AB1</name>
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        <cusip>126673HJ4</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-DA</name>
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        <identifiers>
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        <name>ARGENT SECURITIES TRUST 2006-W5</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2011-4R</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2011 4R 2A2 144A</title>
        <cusip>12645KBE0</cusip>
        <identifiers>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH1179 FN 06/47 FIXED 4</title>
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          <isin value="US3140GPJZ24"/>
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          <couponKind>Fixed</couponKind>
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        <name>JETBLUE 2019-1 CLASS AA PASS THROUGH TRUST</name>
        <lei>N/A</lei>
        <title>JETBLUE 2019 1 CLASS AA PASS THRU CE 11/33 2.75</title>
        <cusip>477143AH4</cusip>
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          <isin value="US477143AH41"/>
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        <assetCat>DBT</assetCat>
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        <name>FANNIE MAE-2000-37</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2000 37 PD</title>
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          <isin value="US31358SUP46"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>COUNTRYWIDE HOME LOANS 2006-21</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2006 21 A8</title>
        <cusip>12543PAH6</cusip>
        <identifiers>
          <isin value="US12543PAH64"/>
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        <balance>185823.910000</balance>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZK3704 FR 11/26 FIXED 3</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G08626 FG 02/45 FIXED 3</title>
        <cusip>3128MJVU1</cusip>
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          <isin value="US3128MJVU11"/>
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        <balance>8687.630000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>PREFERRED TERM SECURITIES XVIII LTD / PREFERRED TERM SECURITIES XVIII INC</name>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BEAR STEARNS MTGE FUND TR 2006-AR1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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        <name>HOME EQUITY PASS-THRU CERTS 2004-6</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2004-HE1</name>
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        <name>COMM 2013-300P MORTGAGE TRUST 2013-300P</name>
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        <title>COMM MORTGAGE TRUST COMM 2013 300P A1 144A</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACCREDITED MORTGAGE LOAN TRUST 2004-3</name>
        <lei>N/A</lei>
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        <name>ACE SECURITIES CORP 2005-HE4</name>
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        <name>MORGAN STANLEY ABS CAPITAL I 2006-HE7</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2006 HE7 A2B</title>
        <cusip>61750MAD7</cusip>
        <identifiers>
          <isin value="US61750MAD74"/>
        </identifiers>
        <balance>2591233.560000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1118014.150000</valUSD>
        <pctVal>0.0005962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.63368</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>STRUCTURED ASSET INVST LN TR 2004-10</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET INVESTMENT LO SAIL 2004 10 M4</title>
        <cusip>86358EPF7</cusip>
        <identifiers>
          <isin value="US86358EPF78"/>
        </identifiers>
        <balance>96205.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105348.150000</valUSD>
        <pctVal>0.0000562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.75868</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>COUNTRYWIDE ALTERNATIVE LOAN 2005-27</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 27 2A3</title>
        <cusip>12667GN58</cusip>
        <identifiers>
          <isin value="US12667GN580"/>
        </identifiers>
        <balance>2516938.510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2324898.870000</valUSD>
        <pctVal>0.0012398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.95869</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AE0705 FN 01/26 FIXED VAR</title>
        <cusip>31419AYB7</cusip>
        <identifiers>
          <isin value="US31419AYB78"/>
        </identifiers>
        <balance>184.450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183.670000</valUSD>
        <pctVal>0.0000001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BP5098 FN 05/50 FIXED 4</title>
        <cusip>3140KCUY6</cusip>
        <identifiers>
          <isin value="US3140KCUY60"/>
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        <balance>689059.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>646874.160000</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>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AJ7717 FN 12/26 FIXED 3</title>
        <cusip>3138E0SF7</cusip>
        <identifiers>
          <isin value="US3138E0SF70"/>
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        <balance>9316.700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9211.210000</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>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM3458 FN 01/50 FIXED VAR</title>
        <cusip>3140X6ZY0</cusip>
        <identifiers>
          <isin value="US3140X6ZY03"/>
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        <balance>90600294.330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79635933.690000</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>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY6053 FN 08/53 FIXED 6</title>
        <cusip>3140NNWP6</cusip>
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          <isin value="US3140NNWP63"/>
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        <balance>1308765.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1331805.220000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL 003581 G2 07/34 FIXED 4.5</title>
        <cusip>36202D6S5</cusip>
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          <isin value="US36202D6S56"/>
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        <balance>1076.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1063.240000</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>2034-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC CORP 2006-EMX5</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIES C RASC 2006 EMX5 A4</title>
        <cusip>74924QAD2</cusip>
        <identifiers>
          <isin value="US74924QAD25"/>
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        <balance>9424391.550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8370338.380000</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>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE TRUST-2004-5AR</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY MORTGAGE LOAN T MSM 2004 5AR 1A1</title>
        <cusip>61748HAM3</cusip>
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          <isin value="US61748HAM34"/>
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        <balance>83301.910000</balance>
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        <curCd>USD</curCd>
        <valUSD>84837.460000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.35609</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HSI ASSET SECURI CORP TRUS 2005-NC1</name>
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          <isin value="US40430HAK41"/>
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        <curCd>USD</curCd>
        <valUSD>1426862.920000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2022 RP2</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140FE6B58"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138ERJ437"/>
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      <invstOrSec>
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        <name>BNP PARIBAS</name>
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        <curCd>USD</curCd>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>STRUCTURED ASSET INVESTMENT LOAN TRUST 2006-1</name>
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        <name>MORGAN STANLEY CAPITAL INC 2006-HE2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>PORSCHE INNOVATIVE LEASE OWNER TRUST 2024-1A</name>
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        <name>N/A</name>
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        <assetCat>DFE</assetCat>
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        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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            <amtCurSold>1659300000.000000</amtCurSold>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WESTMORELAND MINING HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>WESTMORELAND COAL CO PIK TERM LOAN</title>
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          <isin value="US96106JAE91"/>
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        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2005-AR10</name>
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        <curCd>USD</curCd>
        <valUSD>139989.510000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>25326256.450000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INTEGRITY RE LTD</name>
        <lei>N/A</lei>
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          <isin value="US45833UAL52"/>
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        <curCd>USD</curCd>
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        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2006-QA8</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
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        <title>TSY INFL IX N/B 02/41 2.125</title>
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          <isin value="US912810QP66"/>
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        <balance>18895017.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET MTGE INVEST 2006-AR5</name>
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        <title>STRUCTURED ASSET MORTGAGE INVE SAMI 2006 AR5 1A1</title>
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          <isin value="US86360JAA97"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BASIC ASSET BACKED SECURITIES TRUST 2006-1</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX EM40 ICE</title>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD ZAR BOUGHT USD 20250723</title>
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      <invstOrSec>
        <name>EXETER AUTOMOBILE RECEIVABLES TRUST 2023-2A</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>CSMCM TRUST 2021-RPL5</name>
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      <invstOrSec>
        <name>N/A</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST NLC TRUST 2005-1</name>
        <lei>N/A</lei>
        <title>FIRST NLC TRUST FNLC 2005 1 M8</title>
        <cusip>32113JAJ4</cusip>
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          <isin value="US32113JAJ43"/>
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        <balance>91474.160000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.910000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.42368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SECUR TRUST 2005-A15</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIZATI RAST 2005 A15 2A9</title>
        <cusip>45660L3Z0</cusip>
        <identifiers>
          <isin value="US45660L3Z02"/>
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        <balance>2575441.930000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>983342.100000</valUSD>
        <pctVal>0.0005244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>JP MORGAN MORTGAGE TRUST 2007-A4</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2007 A4 1A1</title>
        <cusip>46631JAA6</cusip>
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          <isin value="US46631JAA60"/>
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        <balance>193190.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>152877.970000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31416RQU04"/>
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        <balance>90365.980000</balance>
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        <curCd>USD</curCd>
        <valUSD>90209.890000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE REMICS 2012-149</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2012 149 NI</title>
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          <isin value="US3136AA4K80"/>
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        <balance>1317264.370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TR 2005-WMC1</name>
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          <isin value="US57643LHA70"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.43868</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NRPL-2024-RPL2</name>
        <lei>N/A</lei>
        <title>NRPL TRUST SERIES NRPL 2024 RPL2 PT 144A</title>
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          <isin value="US62956GAK40"/>
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        <balance>163394962.500000</balance>
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        <curCd>USD</curCd>
        <valUSD>138313329.230000</valUSD>
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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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GAZPROM PJSC VIA GAZ FINANCE PLC</name>
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          <isin value="XS2291819717"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACREC 2021-FL1 LTD</name>
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          <isin value="US00500RAA32"/>
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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>2036-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.57908</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEGACY MORTGAGE ASSET TRUST 2017-RPL2</name>
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          <isin value="US52473LAF94"/>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX8386 FN 03/53 FIXED 5.5</title>
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          <isin value="US3140NDJ814"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT PEN SOLD USD 20250711</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2006-AR1</name>
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          <isin value="US17307G3F32"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>AMERICAN HOME MTGE INV TRUST 2006-2</name>
        <lei>N/A</lei>
        <title>AMERICAN HOME MORTGAGE INVESTM AHM 2006 2 1A2</title>
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          <isin value="US02660YAL65"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA2304 G2 10/44 FIXED 4</title>
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          <isin value="US36179QRZ62"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA0171 FN 09/29 FIXED 4.5</title>
        <cusip>31417YFM4</cusip>
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          <isin value="US31417YFM49"/>
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        <curCd>USD</curCd>
        <valUSD>18312.900000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>31750QSL4 OTC EPUT FN 4.5 JUL25 92.46875 PUT</title>
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          <other otherDesc="Internal ID" value="AEII66671"/>
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        <curCd>USD</curCd>
        <valUSD>-50.800000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CITIGROUP INC.</counterpartyName>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CONSECO FINANCE SECURITIZATION 2000-5</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT ZAR SOLD USD 20250723</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FNKBB8C01"/>
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        <balance>1.000000</balance>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</counterpartyName>
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            <amtCurSold>14363664.000000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>INVSC-5A</name>
        <lei>N/A</lei>
        <title>INVESCO EURO CLO INVSC 5A AR 144A</title>
        <cusip>ACI2VXQH9</cusip>
        <identifiers>
          <isin value="XS3036677501"/>
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        <balance>80900000.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.299</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL0246 FN 03/26 FIXED VAR</title>
        <cusip>3138EGHY3</cusip>
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          <isin value="US3138EGHY32"/>
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        <balance>532.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>529.840000</valUSD>
        <pctVal>0.0000003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA3174 G2 10/45 FIXED 4</title>
        <cusip>36179RQ36</cusip>
        <identifiers>
          <isin value="US36179RQ364"/>
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        <balance>66154.390000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63212.260000</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>2045-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>CARRINGTON MTGE LOAN TRUST 2006-FRE2</name>
        <lei>N/A</lei>
        <title>CARRINGTON MORTGAGE LOAN TRUST CARR 2006 FRE2 A4</title>
        <cusip>14454AAD1</cusip>
        <identifiers>
          <isin value="US14454AAD19"/>
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        <balance>4373151.340000</balance>
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        <curCd>USD</curCd>
        <valUSD>3321174.480000</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>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.68368</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>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL BH3186 G2 07/48 FIXED 4</title>
        <cusip>3617H0RF8</cusip>
        <identifiers>
          <isin value="US3617H0RF85"/>
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        <balance>599381.260000</balance>
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        <curCd>USD</curCd>
        <valUSD>561606.640000</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>2048-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD PEN BOUGHT USD 20251124</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FNKBCV35K"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="PEN" exchangeRt="3.557500"/>
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        <pctVal>-0.0000098</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>BANCO SANTANDER S.A.</counterpartyName>
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            <unrealizedAppr>-18312.930000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET INVST LN TR 2006-4</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET INVESTMENT LO SAIL 2006 4 A1</title>
        <cusip>86360WAA0</cusip>
        <identifiers>
          <isin value="US86360WAA09"/>
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        <balance>30874381.030000</balance>
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        <curCd>USD</curCd>
        <valUSD>17725065.510000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.77868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA4860 FN 12/49 FIXED 3</title>
        <cusip>3140QCMJ2</cusip>
        <identifiers>
          <isin value="US3140QCMJ22"/>
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        <balance>5732324.470000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5038703.690000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NOMURA ASSET ACCEPTANCE CORP 2004-AR1</name>
        <lei>N/A</lei>
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        <cusip>65535VDR6</cusip>
        <identifiers>
          <isin value="US65535VDR69"/>
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        <balance>793680.260000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>782183.960000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.84308</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARGENT SECURITIES INC 2005-W2</name>
        <lei>N/A</lei>
        <title>ARGENT SECURITIES INC. ARSI 2005 W2 M1</title>
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          <isin value="US040104ND92"/>
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        <curCd>USD</curCd>
        <valUSD>863071.270000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.16868</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS ZAR 8.03000 01/07/25-6Y CME</title>
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          <isin value="EZRGM8BPMT84"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD5414 FN 11/31 FIXED 2</title>
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          <isin value="US3140FDAQ94"/>
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        <curCd>USD</curCd>
        <valUSD>10600.670000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA MTG SEC 2005-3</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 E 1A1</title>
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        <identifiers>
          <isin value="US05949A5Z99"/>
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        <balance>313648.980000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223757.210000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>PYRAMID FUNDING</name>
        <lei>N/A</lei>
        <title>PYRAMID FUNDING 2025 LIMITED PYRAMID CLASS A NOTES</title>
        <cusip>938KLCII6</cusip>
        <identifiers>
          <isin value="XS3036608019"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>TRAPEZA CDO LLC 2007-13A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAUDI ARABIA GOVT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>522 FUNDING CLO 2020-6 LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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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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        <securityLending>
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      <invstOrSec>
        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2020-1A</name>
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        <debtSec>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2006-SD3</name>
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        <name>CSMCM TRUST 2018-RPL1</name>
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        <title>CSMCM TRUST CERTIFICATES CSMCM 2018 RPL1 CERT 144A</title>
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        <name>STRUCTURED ASSET MTG INV INC 2006-AR1</name>
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        <debtSec>
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        <curCd>USD</curCd>
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        <name>GREENPOINT MTGE FUNDING TR 2006-AR6</name>
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        <title>GREENPOINT MORTGAGE FUNDING TR GPMF 2006 AR6 A3A</title>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140Q7DQ77"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FIRST FRANKLIN MTG LOAN 2005-FF7</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL RJ0005 FR 10/53 FIXED 6.5</title>
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        <name>UMBS PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE</title>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-3A</name>
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      <invstOrSec>
        <name>MASTR ASSET BACKED SECURITIES TRUST 2003-OPT2</name>
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        <name>EQUIFIRST MORTGAGE LOAN TRUST 2004-3</name>
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        <name>FANNIE MAE REMICS 2024-10</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>NEW YORK MORTGAGE TRUST 2005-2</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>AMERICAN HOME MORTGAGE ASSETS 2007-3</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>PRET 2024-NPL9 LLC</name>
        <lei>N/A</lei>
        <title>PRETIUM MORTGAGE CREDIT PARTNE PRET 2024 NPL9 A1 144A</title>
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        <identifiers>
          <isin value="US74143TAA79"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41444857.720000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8514</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PEMEX LCDS SP DUB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="SWPCPEMR7"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>581254.280000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>97193370.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>581254.280000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIRKBY RMBS PLC 1A</name>
        <lei>N/A</lei>
        <title>KIRKBY RMBS KIRK 1A C 144A</title>
        <cusip>ACI12K0V8</cusip>
        <identifiers>
          <isin value="XS1789788889"/>
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        <balance>26742000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>22736562.170000</valUSD>
        <pctVal>0.012125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QH2943 FR 10/53 FIXED 6.5</title>
        <cusip>3133CFHU6</cusip>
        <identifiers>
          <isin value="US3133CFHU67"/>
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        <balance>57007.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59070.090000</valUSD>
        <pctVal>0.0000315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 909164 FN 03/38 FIXED 4.5</title>
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          <isin value="US31411JB969"/>
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        <balance>5180.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5171.430000</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>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>CITIGROUP MORTGAGE LOAN TRUST 2006-WFH4</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2006 WFH4 M3</title>
        <cusip>17309SAG5</cusip>
        <identifiers>
          <isin value="US17309SAG57"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2343170.750000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.91368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX EM37 ICE</title>
        <cusip>000000000</cusip>
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          <isin value="EZJP54HQYM45"/>
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        <balance>1.000000</balance>
        <units>NC</units>
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        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>INTERCONTINENTAL EXCHANGE</counterpartyName>
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                <issuerName>N/A</issuerName>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HAYFIN EMERALD CLO V DAC 5A</name>
        <lei>N/A</lei>
        <title>HAYFIN EMERALD CLO HAYEM 5A AR 144A</title>
        <cusip>ACI2RYDM5</cusip>
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          <isin value="XS2904562746"/>
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        <balance>88800000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>3.337</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA MTGE SEC 2005-F</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 F 2A2</title>
        <cusip>05949CCA2</cusip>
        <identifiers>
          <isin value="US05949CCA27"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>151903.380000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX3742 FN 12/52 FIXED 5.5</title>
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          <isin value="US3140N8EQ72"/>
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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>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>INF SWAP GB NI 4.02 10/15/21-10Y LCH</title>
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          <isin value="EZPYFXKDYBY8"/>
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      <invstOrSec>
        <name>NRPL-2019-1A</name>
        <lei>N/A</lei>
        <title>NRPL TRUST SERIES NRPL 2019 1A PT 144A</title>
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          <isin value="US62947EAP07"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 923400 FN 06/37 FIXED 6.5</title>
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          <isin value="US31412E3H76"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>ANCHORAGE CREDIT FUNDING 1 LTD 2015-1A</name>
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        <title>ANCHORAGE CREDIT FUNDING LTD. ANCHF 2015 1A ARE 144A</title>
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          <isin value="US033296AS36"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.9</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL8881 FN 08/46 FIXED VAR</title>
        <cusip>3138ET2P0</cusip>
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          <isin value="US3138ET2P02"/>
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        <balance>84041.430000</balance>
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        <curCd>USD</curCd>
        <valUSD>79676.250000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST FRANKLIN MTG LOAN ABS 2006-FF15</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF15 A5</title>
        <cusip>32028GAE5</cusip>
        <identifiers>
          <isin value="US32028GAE52"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
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        <title>RESIDENTIAL MORTGAGE SECURITIE RMS 33A G</title>
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          <isin value="XS2835003901"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CSMC 2021-RPL5 TRUST</name>
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          <isin value="US12660QAG38"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TR 2004-9</name>
        <lei>N/A</lei>
        <title>HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2004 9 4A3</title>
        <cusip>41161PJG9</cusip>
        <identifiers>
          <isin value="US41161PJG90"/>
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        <balance>21938.350000</balance>
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        <curCd>USD</curCd>
        <valUSD>18487.390000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-19</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZS4756 FR 02/48 FIXED 4</title>
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          <isin value="US3132A5H990"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140EY4S78"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL ZS8020 FR 09/27 FIXED 3</title>
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          <isin value="US3132A84D82"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL6567 FN 10/44 FIXED VAR</title>
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          <isin value="US3138EPJM74"/>
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        <valUSD>4440.140000</valUSD>
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        <debtSec>
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      <invstOrSec>
        <name>BARCLAYS MORTGAGE LOAN TRUST 2023-NQM2</name>
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        <title>BARCLAYS MORTGAGE LOAN TRUST BARC 2023 NQM2 PT 144A</title>
        <cusip>06745DAM0</cusip>
        <identifiers>
          <isin value="US06745DAM02"/>
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        <curCd>USD</curCd>
        <valUSD>181244538.280000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>JP MORGAN MTGE ACQUIS CORP 2006-HE3</name>
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        <identifiers>
          <isin value="US46629VAA35"/>
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        <name>UNITED STATES GOVT</name>
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          <isin value="US912797PW16"/>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AH6392 FN 02/41 FIXED 4</title>
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          <isin value="US3138A8C619"/>
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        <name>MERRILL LYNCH ALTERNATIVE NT 2007-A2</name>
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          <isin value="US59024FAA21"/>
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        <name>UNITED STATES GOVT</name>
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          <isin value="US91282CBF77"/>
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      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TR 2006-WL2</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 WL2 2A4</title>
        <cusip>542514SD7</cusip>
        <identifiers>
          <isin value="US542514SD70"/>
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        <balance>25085946.560000</balance>
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        <curCd>USD</curCd>
        <valUSD>23543762.910000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.03368</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA MTGE SECS-2005-L</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 L 1A1</title>
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          <isin value="US05949CPD29"/>
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        <balance>456584.130000</balance>
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        <curCd>USD</curCd>
        <valUSD>399352.630000</valUSD>
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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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      </invstOrSec>
      <invstOrSec>
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      <invstOrSec>
        <name>ORANGE CAPITAL RE DESIGNATED ACTIVITY COMPANY</name>
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      <invstOrSec>
        <name>BANC OF AMERICA MORTGAGE SECURITIES 2003-K</name>
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        <name>SCCU AUTO RECEIVABLES TRUST 2024-1A</name>
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        <title>SPACE COAST CREDIT UNION SCCU 2024 1A A2 144A</title>
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          <isin value="US78436RAC43"/>
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        <name>BEAR STEARNS MTGE FUNDING TR 2007-AR4</name>
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          <isin value="US07401YAQ89"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAXON ASSET SECURITIES TRUST 2005-3</name>
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        <title>SAXON ASSET SECURITIES TRUST SAST 2005 3 M4</title>
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          <isin value="US805564SV45"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>DEWOLF PARK CLO LTD 2017-1A</name>
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        <title>DEWOLF PARK CLO, LTD DWOLF 2017 1A AR 144A</title>
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        <identifiers>
          <isin value="US25211AAE91"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2025-SJ1</name>
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        <title>GS MORTGAGE BACKED SECURITIES GSMBS 2025 SJ1 SA 144A</title>
        <cusip>36273PAH1</cusip>
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          <isin value="US36273PAH10"/>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <name>ENTERPRISE FLEET FINANCING 2024-3 LLC</name>
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        <title>ENTERPRISE FLEET FINANCING LLC EFF 2024 3 A2 144A</title>
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          <isin value="US29375QAB41"/>
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        <name>RESIDENTIAL ASSET MTG PROD INC 2005-EFC2</name>
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        <name>CHESTER A PLC 1-AA</name>
        <lei>N/A</lei>
        <title>CHSTA 1A Y</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP4</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2021 RP4 SA 144A</title>
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          <isin value="US17329NAR89"/>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>AMERIQUEST MORTGAGE SECURITIES 2005-R7</name>
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        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R7 M5</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>N/A</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAP CERT 2007-3</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2007 3 3A1</title>
        <cusip>12638PBL2</cusip>
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          <isin value="US12638PBL22"/>
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        <balance>165083.960000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140A1EQ68"/>
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        <curCd>USD</curCd>
        <valUSD>2467505.950000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>STRUCTURED ASSET SEC CORP 2003-34A</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2003 34A 6A</title>
        <cusip>86359A5V1</cusip>
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          <isin value="US86359A5V14"/>
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        <balance>154155.480000</balance>
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        <curCd>USD</curCd>
        <valUSD>156381.380000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.67053</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEHMAN XS TRUST 2005-6</name>
        <lei>N/A</lei>
        <title>LEHMAN XS TRUST LXS 2005 6 1A4</title>
        <cusip>525221CW5</cusip>
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          <isin value="US525221CW58"/>
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        <balance>4482344.360000</balance>
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        <curCd>USD</curCd>
        <valUSD>3849648.010000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.19368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2006-15</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2006 15 A6</title>
        <cusip>12543UAR3</cusip>
        <identifiers>
          <isin value="US12543UAR32"/>
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        <balance>95260.020000</balance>
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        <curCd>USD</curCd>
        <valUSD>43073.740000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JP MORGAN MTGE ACQUIS CORP 2007-CH2</name>
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        <title>JP MORGAN MORTGAGE ACQUISITION JPMAC 2007 CH2 AF4</title>
        <cusip>46630MAE2</cusip>
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          <isin value="US46630MAE21"/>
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        <curCd>USD</curCd>
        <valUSD>251590.920000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WACHOVIA MTGE LOAN TRUST 2006-AMN1</name>
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        <cusip>92978EAB0</cusip>
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          <isin value="US92978EAB02"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZJ0481 FR 09/40 FIXED 4</title>
        <cusip>3131WQRA7</cusip>
        <identifiers>
          <isin value="US3131WQRA72"/>
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        <balance>205441.930000</balance>
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        <curCd>USD</curCd>
        <valUSD>198577.530000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 890696 FN 09/30 FIXED VAR</title>
        <cusip>31410LRR5</cusip>
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          <isin value="US31410LRR59"/>
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        <balance>5106.870000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2006-SD3</name>
        <lei>N/A</lei>
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        <cusip>073888BE8</cusip>
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          <isin value="US073888BE80"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>EQUIFIRST MORTGAGE LOAN TRUST 2005-1</name>
        <lei>N/A</lei>
        <title>EQUIFIRST MORTGAGE LOAN TRUST EMLT 2005 1 M6</title>
        <cusip>29445FCT3</cusip>
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          <isin value="US29445FCT30"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>DEUTSCHE ALT-A SECURITIES INC 2007-OA2</name>
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      <invstOrSec>
        <name>N/A</name>
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        <title>BOUGHT GBP SOLD USD 20250702</title>
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        <name>VENEZUELAN GOVT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <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>AVOCA STATIC CLO I DAC 1A</name>
        <lei>N/A</lei>
        <title>AVOCA STATIC CLO AVOST 1A AR 144A</title>
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          <isin value="XS2935873880"/>
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        <name>NEW YORK CITY OF</name>
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        <name>PRETIUM MORTGAGE CREDIT PARTNERS LLC  2024-NPL8</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST2004-36CB</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FREDDIE MAC REMICS 3462</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>STRUCTURED ADJ RATE MTGE LOAN 2006-8</name>
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        <name>COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2016-DC2</name>
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        <curCd>USD</curCd>
        <valUSD>462752.170000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP3</name>
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        <balance>59982316.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITED AIRLINES 2020-1 CLASS A PASS THROUGH TRUST</name>
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        <curCd>USD</curCd>
        <valUSD>93366239.940000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-11</name>
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        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2005 11 MV5</title>
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          <isin value="US126670DE52"/>
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        <curCd>USD</curCd>
        <valUSD>5413639.200000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31417ARL51"/>
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        <curCd>USD</curCd>
        <valUSD>952.770000</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>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CROSS 2024-H6 MORTGAGE TRUST</name>
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          <isin value="US227919AA56"/>
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        <balance>9186490.670000</balance>
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        <curCd>USD</curCd>
        <valUSD>9160119.010000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2003-34A</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>PACIFIC GAS AND ELECTRIC CO</name>
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        <balance>19885000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II TBA 30 YR 4.5 JUMBOS</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRPM 2025-RCF3 LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-4</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>WELLS FARGO MTG BKD SEC 2007-15</name>
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        <title>WELLS FARGO MORTGAGE BACKED SE WFMBS 2007 15 A1</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>STRUCTURED ASSET MTG INV INC 2005-AR5</name>
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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>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EQUIFIRST MORTGAGE LOAN TRUST 2004-3</name>
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        <title>EQUIFIRST MORTGAGE LOAN TRUST EMLT 2004 3 M6</title>
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        <balance>755652.250000</balance>
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        <curCd>USD</curCd>
        <valUSD>737209.800000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.15868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEALAND FINANCE COMPANY BV</name>
        <lei>N/A</lei>
        <title>LEALAND FINANCE COMPANY B.V. 2020 MAKE WHOLE TL</title>
        <cusip>N5200EAC5</cusip>
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          <isin value="XAN5200EAC56"/>
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        <balance>2409652.370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1578322.300000</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>2025-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.4413</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>BOEING CO/THE</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO SR UNSECURED 02/31 3.625</title>
        <cusip>097023DC6</cusip>
        <identifiers>
          <isin value="US097023DC69"/>
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        <balance>40180000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37872323.580000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625</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>MEXICO GOVT</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX BONOS DESARR FIX RT SR UNSECURED 11/34 7.75</title>
        <cusip>ACI087B66</cusip>
        <identifiers>
          <isin value="MX0MGO0000U2"/>
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        <balance>5735230000.000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="18.764500"/>
        <valUSD>279656838.470000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BV8202 FN 04/37 FIXED 3</title>
        <cusip>3140MNDG8</cusip>
        <identifiers>
          <isin value="US3140MNDG84"/>
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        <balance>249613.530000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>238496.510000</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>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>AVON FINANCE NO 3 PLC 3A</name>
        <lei>N/A</lei>
        <title>AVON FINANCE AVON 3A E 144A</title>
        <cusip>ACI2J97X2</cusip>
        <identifiers>
          <isin value="XS2667752708"/>
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        <balance>11976000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>16452177.910000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.72299</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>CSMCM TRUST 2018-RPL12</name>
        <lei>N/A</lei>
        <title>CSMCM TRUST CERTIFICATES CSMCM 2018 RP12 CERT 144A</title>
        <cusip>12657MAA0</cusip>
        <identifiers>
          <isin value="US12657MAA09"/>
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        <balance>53484655.880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41926862.430000</valUSD>
        <pctVal>0.0223588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-10-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>STRUCTURED ASSET SECURITIES CORP 2003-9A</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2003 9A 2A1</title>
        <cusip>86359ARE5</cusip>
        <identifiers>
          <isin value="US86359ARE54"/>
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        <balance>34874.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34245.960000</valUSD>
        <pctVal>0.0000183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.98812</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFRF USD SF+26.161/1.4* 7/20/23-4Y* CME</title>
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        <identifiers>
          <isin value="EZSDJCSH40R0"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5835936.240000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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            <descRefInstrmnt>
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="26.161000" pmntAmt="0.000000">
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL BH6373 G2 06/48 FIXED 4</title>
        <cusip>3617H4CJ8</cusip>
        <identifiers>
          <isin value="US3617H4CJ84"/>
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        <balance>1516842.340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1421250.920000</valUSD>
        <pctVal>0.0007579</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>DSLA MORTGAGE LOAN TRUST 2004-AR3</name>
        <lei>N/A</lei>
        <title>DSLA MORTGAGE LOAN TRUST DSLA 2004 AR3 2A1</title>
        <cusip>23332UBF0</cusip>
        <identifiers>
          <isin value="US23332UBF03"/>
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        <balance>214470.100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203055.490000</valUSD>
        <pctVal>0.0001083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.27415</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>COUNTRYWIDE ALTERNATIVE LN TR 2005-14</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 14 3A1</title>
        <cusip>12667GCF8</cusip>
        <identifiers>
          <isin value="US12667GCF81"/>
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        <balance>1752104.140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1389897.960000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.46968</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>CITIGROUP MORTGAGE LOAN TRUST 2009-10</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2009 10 4A2 144A</title>
        <cusip>17316AAR1</cusip>
        <identifiers>
          <isin value="US17316AAR14"/>
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        <balance>2107275.180000</balance>
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        <curCd>USD</curCd>
        <valUSD>1737750.780000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL7206 FN 08/45 FIXED VAR</title>
        <cusip>3138EQAG7</cusip>
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          <isin value="US3138EQAG70"/>
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        <balance>74238.690000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70486.670000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD8668 FN 10/46 FIXED 3.5</title>
        <cusip>3140FGT25</cusip>
        <identifiers>
          <isin value="US3140FGT259"/>
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        <balance>1098430.980000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1017839.180000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PACIFIC GAS AND ELECTRIC CO</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PACIFIC GAS + ELECTRIC 1ST MORTGAGE 07/25 3.45</title>
        <cusip>694308JL2</cusip>
        <identifiers>
          <isin value="US694308JL21"/>
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        <balance>135506000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>135506000.000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AV3616 FN 12/28 FIXED 3</title>
        <cusip>3138XFAS4</cusip>
        <identifiers>
          <isin value="US3138XFAS43"/>
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        <balance>96700.590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94963.910000</valUSD>
        <pctVal>0.0000506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>CITIGROUP MORTGAGE LOAN TRUST 2022-RP4</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2022 RP4 SA 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP 2004-FM2</name>
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          <isin value="US004421GJ63"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>ENCINA SPV</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JP MORGAN MTGE ACQUIS CORP 2006-HE1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ANCHORAGE CREDIT FUNDING 13 LTD</name>
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        <name>SCCU AUTO RECEIVABLES TRUST 2024-1A</name>
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        <name>HARBORVIEW MORTGAGE LOAN TR 2004-11</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>OSCAR US FUNDING XVII LLC 2024-2A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AX0895 FN 10/44 FIXED 4</title>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ALT-A TRUST 2006-3</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ALT A TRUST BALTA 2006 3 33A1</title>
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          <isin value="US07386HQ387"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6076.680000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASSET BACKED SEC HOME EQTY LN 2004-HE7</name>
        <lei>N/A</lei>
        <title>ASSET BACKED SECURITIES CORP H ABSHE 2004 HE7 M1</title>
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          <isin value="US04541GMC32"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3996980.470000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</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>CPS AUTO RECEIVABLES TRUST 2023-B</name>
        <lei>N/A</lei>
        <title>CPS AUTO TRUST CPS 2023 B C 144A</title>
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          <isin value="US12664WAC55"/>
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        <balance>23006000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23223774.800000</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>2029-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.04</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS6515 FN 01/46 FIXED 4</title>
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          <isin value="US3138WGGZ14"/>
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        <balance>72938.660000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69222.350000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN 2006-OA11</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA11 A1B</title>
        <cusip>02147DAB7</cusip>
        <identifiers>
          <isin value="US02147DAB73"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>BPCE SA</name>
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        <debtSec>
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        <name>ANGEL OAK MORTGAGE TRUST 2024-4</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>HSI ASSET SEC CORP TRUST 2006-OPT2</name>
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        <name>N/A</name>
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        <name>PAGAYA AI DEBT TRUST 2025-4</name>
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        <name>IMPAC CMB TR 2004-4</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>WASHINGTON MUTUAL 2006-AR17</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CITIGROUP MTGE LOAN TR INC 2006-AR3</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <putOrCall>Put</putOrCall>
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              <nestedDerivInfo>
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                  <derivAddlInfo>
                    <name>N/A</name>
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            <shareNo>N/A</shareNo>
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      </invstOrSec>
      <invstOrSec>
        <name>THORNBURG MORTGAGE SECURITIES TRUST 2008-1</name>
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      <invstOrSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TR 2004-9</name>
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        <title>HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2004 9 1A</title>
        <cusip>41161PHR7</cusip>
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        <curCd>USD</curCd>
        <valUSD>8265844.380000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CIFI HOLDINGS (GROUP) CO LTD</name>
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        <title>CIFI HOLDINGS GROUP COMPANY GUAR REGS 07/25 6</title>
        <cusip>ACI1HYNP0</cusip>
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        <balance>4300000.000000</balance>
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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>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL MA1888 FN 05/44 FIXED 4</title>
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          <isin value="US31418BC209"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23004.440000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>KINBANE 2022-RPL 1 DAC  22-RPL1A</name>
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        <title>KINBANE DAC KINBN 2022 RPL1A D 144A</title>
        <cusip>ACI278DX0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>RNHB BV</name>
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        <title>RNHB B.V. GALIBIER DPF231 RR</title>
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        <balance>22875915.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>PERFORMER FUNDING 1 PLC 1A</name>
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        <title>PERFORMER FUNDING PERFF 1A C 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>NOMURA ASSET ACCEPTANCE CORP 2003-A1</name>
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        <issuerCat>CORP</issuerCat>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>PRPM 2024-NQM4 TRUST</name>
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        <title>PRP ADVISORS, LLC PRPM 2024 NQM4 A1 144A</title>
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        <curCd>USD</curCd>
        <valUSD>15488636.890000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>BANC OF AMERICA ALT LOAN TRUST 2006-5</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA ALTERNATIVE LO BOAA 2006 5 CB10</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Citibank, National Association</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ADJ RATE MTGE LOAN 2006-4</name>
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        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2006 4 6A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2005-2XS</name>
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        <name>SOUNDVIEW HOME EQUITY LOAN TR 2006-WF2</name>
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      <invstOrSec>
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        <name>CREDIT SUISSE GROUP AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2021-INV2</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LYRA MUSIC ASSETS DELAWARE LP 2024-2A</name>
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        <curCd>USD</curCd>
        <valUSD>104038093.210000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GSAMP TRUST 2006-SD3</name>
        <lei>N/A</lei>
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          <isin value="US36244RAA86"/>
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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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      <invstOrSec>
        <name>GREENSKY HOME IMPROVEMENT TRUST 2024-2</name>
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          <isin value="US39571XAC83"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>HOME EQUITY PASS-THRU CERTS 2005-8</name>
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        <name>STRUCTURED ASSET SECUR CORP 2006-WF4</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>BPCE SA</name>
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          <isin value="US05571AAV70"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>N/A</name>
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      <invstOrSec>
        <name>MASTR ALTERNATIVE LOANS TR 2004-7</name>
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        <title>MASTR ALTERNATIVE LOANS TRUST MALT 2004 7 1A1</title>
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        <name>PERFORMER FUNDING 1 PLC 1A</name>
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        <name>NELNET STUDENT LOAN TRUST 2023-AA</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2004-31T1</name>
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        <name>FORESEA HOLDING SA</name>
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        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTRYWIDE HOME LOANS 2005-HYB9</name>
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        <title>COUNTRYWIDE HOME LOANS CWHL 2005 HYB9 3A1A</title>
        <cusip>126670JX7</cusip>
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          <isin value="US126670JX79"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BA2202 FN 12/45 FIXED 4</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>NISSAN MOTOR CO LTD</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <debtSec>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>STRUCTURED ASSET INVESTMENT LOAN TRUST 2005-2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2005-WF2</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>MERRILL LYNCH MORTGAGE INVS 2006-HE5</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-4A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UNITED STATES GOVT</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-1A</name>
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        <title>CONSUMER LOAN FINANCE ISSUER T CLFT 2023 1A E 144A</title>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>DEUTSCHE ALT-A SECURITIES LN TR 2007-1</name>
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        <title>DEUTSCHE ALT A SECURITIES INC DBALT 2007 1 1A4B</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-1A</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>DURHAM MORTGAGES 24-AA</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>NRPL-2023-RPL1</name>
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        <name>BEAR STEARNS ALT-A TR 2004-12</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FORD MOTOR COMPANY SNR S* ICE</title>
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        <curCd>USD</curCd>
        <valUSD>517820.630000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>INTERCONTINENTAL EXCHANGE</counterpartyName>
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              <otherRefInst>
                <issuerName>FORD MOTOR COMPANY</issuerName>
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            <swapFlag>Y</swapFlag>
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            <curCd>USD</curCd>
            <unrealizedAppr>-571316.560000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN REREMIC 2012-3</name>
        <lei>N/A</lei>
        <title>JP MORGAN REREMIC JPMRR 2012 3 A9 144A</title>
        <cusip>46637RAJ3</cusip>
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          <isin value="US46637RAJ32"/>
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        <balance>6868783.960000</balance>
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        <curCd>USD</curCd>
        <valUSD>6702880.850000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-26</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TR 2006-8</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 8 1A</title>
        <cusip>54251UAA4</cusip>
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          <isin value="US54251UAA43"/>
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        <balance>36458940.310000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WMALT MTGE PASS-THRU CERT 2005-4</name>
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        <title>WASHINGTON MUTUAL MORTGAGE PAS WMALT 2005 4 CB11</title>
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          <isin value="US9393366F58"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>OBX 2023-NQM10 TRUST</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-10-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS  STRUC PROD INC 2007-R6</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-26</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC RESIDENTIAL ASSET BACKED 2006-C</name>
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          <isin value="US43709BAF67"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAYOU RE LTD</name>
        <lei>N/A</lei>
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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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          <couponKind>Floating</couponKind>
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        <name>ALESCO PREFERRED FUNDING LTD 12A</name>
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        <title>ALESCO PREFERRED FUNDING LTD ALESC 12A A2 144A</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FREDDIE MAC 2423</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q41883 FG 07/46 FIXED 3</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTRY GARDEN HOLDINGS COMPANY LIMITED</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARROWMARK COLORADO HOLDINGS 2018-3A</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2008-R1</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>JP MORGAN ALTERNATIVE LN TRUST 2006-S1</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL 847557 FH 07/34 FLOATING VAR</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>KIRKBY RMBS PLC 1A</name>
        <lei>N/A</lei>
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          <isin value="XS1800027234"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>MERRILL LYNCH MTGE INVESTORS 2004-A2</name>
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        <name>MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2024-NQM4</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS7600 FN 07/46 FIXED 4</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ELEVATION CLO 2022-16A LTD</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>CSMC SERIES 2009-4R</name>
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        <name>MADISON PARK FUNDING LII LTD</name>
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        <name>BANC OF AMERICA FUNDING CORP 2006-B</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CONSECO FINANCE SECURITIZATION 2000-4</name>
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        <title>CONSECO FINANCE SECURITIZATION CNF 2000 4 A5</title>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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                <issuerName>N/A</issuerName>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <curCd>USD</curCd>
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        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVASEP HOLDING</name>
        <lei>969500DPO357UZZQSS89</lei>
        <title>BONDHOLDCO ALPHABET D SHARES</title>
        <cusip>ACI01UGC4</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="66989L9J0"/>
        </identifiers>
        <balance>8220.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <pctVal>0.0000029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</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>CS FIRST BOSTON MTGE SEC CORP 2004-AR7</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE FIRST BOSTON MOR CSFB 2004 AR7 6M1</title>
        <cusip>22541SRY6</cusip>
        <identifiers>
          <isin value="US22541SRY62"/>
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        <balance>2613845.720000</balance>
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        <curCd>USD</curCd>
        <valUSD>2326520.820000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.58368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2007-A1</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2007 A1 4A1</title>
        <cusip>46630GAM7</cusip>
        <identifiers>
          <isin value="US46630GAM78"/>
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        <balance>10393.130000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10438.740000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.81279</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2024-P2</name>
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        <cusip>14688PAD6</cusip>
        <identifiers>
          <isin value="US14688PAD69"/>
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        <balance>28000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28696757.600000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.21</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT DKK SOLD USD 20250702</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="25FSKBBM4F2"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.333800"/>
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        <pctVal>0.0000055</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
              <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
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            <amtCurPur>12074834.670000</amtCurPur>
            <curPur>DKK</curPur>
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            <unrealizedAppr>10354.660000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD TWD BOUGHT USD 20250716</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25BQKBBQMNG"/>
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        <currencyConditional curCd="TWD" exchangeRt="29.044800"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JPMORGAN CHASE &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>TURKEY GOVT</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
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        <curCd>USD</curCd>
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        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-24</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140FEND28"/>
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        <curCd>USD</curCd>
        <valUSD>72490.330000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2012-8</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2012 8 3A2 144A</title>
        <cusip>17319TAF3</cusip>
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          <isin value="US17319TAF30"/>
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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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      <invstOrSec>
        <name>UMBS PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE</title>
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          <isin value="US01F0606834"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-RPL2</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAXON ASSET SECURITIES TRUST 2007-3</name>
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        <title>SAXON ASSET SECURITIES TRUST SAST 2007 3 1A</title>
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          <isin value="US80557BAA26"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX8514 FN 03/53 FIXED 5.5</title>
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        <curCd>USD</curCd>
        <valUSD>4444331.840000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT NZD SOLD USD 20250702</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="25FEKBBN345"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>COUNTRYWIDE HOME LOANS 2005-28</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>OPTEUM MORTGAGE ACCEPTANCE CORP 2005-2</name>
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        <name>STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2006-W1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>NEWGATE FUNDING PLC 2006-3X</name>
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        <name>CREDICORP CAPITAL SOCIEDAD TITULIZADORA SA</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2005-12</name>
        <lei>N/A</lei>
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        <cusip>07387AGC3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>BRYANT PARK FUNDING 2024-22A LTD</name>
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        <cusip>11766CAA2</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2005-HE5</name>
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        <debtSec>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-62</name>
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        <name>COUNTRYWIDE HOME LOANS 2005-15</name>
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        <name>VERDELITE STATIC CLO LTD 2024-1</name>
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        <title>VERDELITE STATIC CLO LTD BVSTAT 2024 1A A 144A</title>
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        <name>BEAR STEARNS ALT-A TRUST 2005-7</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>MORGAN STANLEY MORTGAGE TRUST-2004-7AR</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>COLLEGE AVE STUDENT LOANS LLC 2023-B</name>
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        <name>LEHMAN MORTGAGE TRUST 2005-2</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CARVANA AUTO RECEIVABLES TRUST 2025-N1</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-16</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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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ASSET BACKED SEC CORP HM EQ 2005-HE6</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>RCKT MORTGAGE TRUST 2025-CES1</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>BANK OF AMERICA MTGE SECS-2005-L</name>
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        <name>RMAC SECURITIES PLC 2007-NS1X</name>
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        <name>JP MORGAN MTGE ACQUIS CORP 2006-WF1</name>
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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL5</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-17</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 17 1A1</title>
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        <name>FHLMC PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTR ADJUSTABLE RATE MORTGAGES TRUST 2003-4</name>
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          <isin value="US576433EQ51"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CREDIT-BASED ASSET SERVICING A 2004-CB7</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMORTIZING RESIDNTIAL COLL TR 2002-BC5</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>STRUCTURED ASSET SECURITIES CO 2006-BC4</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STRUCTURED ASSET SECURITIES CO-2007-BC2</name>
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          <isin value="US86362YAD85"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2007-OA3</name>
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          <isin value="US93364AAD46"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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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>Fixed</couponKind>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2007-WM1</name>
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          <isin value="US004424AE79"/>
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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>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>TSTAT 2022-1A LTD</name>
        <lei>N/A</lei>
        <title>TSTAT 2022 1 LTD TSTAT 2022 1A A1RR 144A</title>
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        <identifiers>
          <isin value="US872899AY55"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31413LNF21"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2006-H</name>
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          <isin value="US05950PAL76"/>
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        <name>LCM 35 LTD 35A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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        <name>SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-HE2</name>
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        <debtSec>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-3</name>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>NEWCASTLE MTGE SECURITIES TRUST 2007-1</name>
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        <title>NEWCASTLE MORTGAGE SECURITIES NCMT 2007 1 M1</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QE5879 FR 07/52 FIXED 4</title>
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        <issuerCat>USGSE</issuerCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140ECNB15"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199702.410000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AD0329 FN 09/28 FIXED VAR</title>
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          <isin value="US31418MLK61"/>
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        <balance>21150.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21850.480000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AJ9355 FN 01/27 FIXED 3</title>
        <cusip>3138E2MD4</cusip>
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          <isin value="US3138E2MD43"/>
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        <balance>13903.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13740.650000</valUSD>
        <pctVal>0.0000073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERIQUEST MTGE SECURITIES INC 2004-R12</name>
        <lei>N/A</lei>
        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2004 R12 M2</title>
        <cusip>03072SXE0</cusip>
        <identifiers>
          <isin value="US03072SXE08"/>
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        <balance>254321.820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>258133.950000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MLCC MORTGAGE INVESTORS INC 2005-B</name>
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          <isin value="US59020UWV33"/>
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        <balance>61977.140000</balance>
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        <curCd>USD</curCd>
        <valUSD>61108.290000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.16146</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>COUNTRYWIDE ALTERNATIVE LN TR 2006-4CB</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 4CB 1A2</title>
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          <isin value="US12668BPN72"/>
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        <balance>1741618.460000</balance>
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        <curCd>USD</curCd>
        <valUSD>812483.820000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BCAP LLC TRUST 2008-IND1</name>
        <lei>N/A</lei>
        <title>BCAP LLC TRUST BCAP 2008 IND1 A1</title>
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          <isin value="US05531CAA80"/>
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        <balance>3884973.850000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.83368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <units>NC</units>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GRACECHURCH MORTGAGE FINANCE PLC 2020-GRCE</name>
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      <invstOrSec>
        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2015-HAUL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>PALMER SQUARE EUROPEAN LOAN FUNDING 2025-1 DAC 25-1A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-31</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>LEGACY MORTGAGE ASSET TRUST 2018-RPL3</name>
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        <name>WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2003-AR7 TRUST</name>
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        <name>INTERNET BRANDS INC (MH SUB I LLC)</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>HOMEBANC MORTGAGE TRUST 2004-2</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS MORTGAGE SECURITIES TRUST 2016-GS4</name>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QUERCUS RE DESIGNATED ACTIVITY COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>UPSTART STRUCTURED PASS-THROUGH TRUST 2022-2A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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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>Floating</couponKind>
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        <name>ALESCO PREFERRED FUNDING LTD 10A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL QF1432 FR 10/52 FIXED 5</title>
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        <name>FIRST FRANKLIN MTG LOAN ABS 2006-FF15</name>
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        <name>AMERICAN GENERAL MORTGAGE LOAN TRUST 2009-1</name>
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        <name>COUNTRYWIDE HOME LOANS 2007-HYB2</name>
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      </invstOrSec>
      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHASE HOME LENDING MORTGAGE TRUST SERIES 2024-RPL2</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>PROTEUS RMBS DAC 1A</name>
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          <isin value="XS1908327916"/>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US31417C3G88"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JP MORGAN MTGE ACQUIS CORP 2006-FRE2</name>
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        <cusip>46626LHB9</cusip>
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          <isin value="US46626LHB99"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF AMERICA MTGE SECS-2006-2</name>
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        <curCd>USD</curCd>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>JP MORGAN ALTERNATIVE LN TRUST 2006-S3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>FINANCE OF AMERICA STRUCTURED SECURITIES TRUST 2024-S4</name>
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        <title>FINANCE OF AMERICA STRUCTURED FASST 2024 S4 A1 144A</title>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL MA4644 FN 05/52 FIXED 4</title>
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          <isin value="US31418EES54"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>PREFERRED TERM SECURITIES XXI LTD / PREFERRED TERM SECURITIES XXI INC</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VENTURE GLOBAL LNG INC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTEX HOME EQUITY 2004-C</name>
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          <isin value="US152314KR07"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>EQUINIX INC</issuerName>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>COLT 2024-INV2 MORTGAGE LOAN TRUST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>GNRT-3A</name>
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      <invstOrSec>
        <name>SOUNDVIEW HOME LOAN TRUST 2005-1</name>
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        <name>PRETIUM MORTGAGE CREDIT PARTNERS LLC 2024-NPL7</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP6</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-28CB</name>
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        <name>N/A</name>
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        <securityLending>
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        <name>HOME PARTNERS OF AMERICA TRUST 2021-2</name>
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        <title>HOME PARTNERS OF AMERICA TRUST HPA 2021 2 A 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-17</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>2991072.090000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ALESCO PREFERRED FUNDING LTD 5A</name>
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        <curCd>USD</curCd>
        <valUSD>2717569.860000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25FJKBBMXV5"/>
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          <couponKind>Fixed</couponKind>
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        <name>NISSAN MOTOR ACCEPTANCE CORPORATION</name>
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        <name>ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2007-HE1</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140NL3Q04"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SVF II FINCO (CAYMAN) LP</name>
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        <title>SOFTBANK VISION FUND II TRANCHE B2 TERM LOAN</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31391BBP13"/>
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        <curCd>USD</curCd>
        <valUSD>1711.380000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LUDGATE FUNDING PLC 2008-W1X</name>
        <lei>N/A</lei>
        <title>LUDGATE FUNDING PLC LGATE 2008 W1X A1 REGS</title>
        <cusip>G571A3BB0</cusip>
        <identifiers>
          <isin value="XS0353588386"/>
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        <balance>3133108.000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.93768</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE TRUST-2005-3AR</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY MORTGAGE LOAN T MSM 2005 3AR 2A2</title>
        <cusip>61745M4P5</cusip>
        <identifiers>
          <isin value="US61745M4P58"/>
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        <balance>119098.890000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106391.060000</valUSD>
        <pctVal>0.0000567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.60123</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>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2015-H29</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2015 H29 FB</title>
        <cusip>38376RMD5</cusip>
        <identifiers>
          <isin value="US38376RMD51"/>
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        <balance>8114492.870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8129998.040000</valUSD>
        <pctVal>0.0043356</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-11-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.19602</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AJ4674 FN 11/26 FIXED 3</title>
        <cusip>3138AWFQ1</cusip>
        <identifiers>
          <isin value="US3138AWFQ12"/>
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        <balance>6488.300000</balance>
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        <curCd>USD</curCd>
        <valUSD>6413.570000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2006-QS7</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QS7 A1</title>
        <cusip>748940AA1</cusip>
        <identifiers>
          <isin value="US748940AA13"/>
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        <balance>259790.950000</balance>
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        <curCd>USD</curCd>
        <valUSD>205930.360000</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>2036-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY0947 FN 05/53 FIXED 6</title>
        <cusip>3140NHBR8</cusip>
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          <isin value="US3140NHBR80"/>
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        <balance>4528776.880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4613182.140000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INVS 2005-A9</name>
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        <cusip>59020U2H7</cusip>
        <identifiers>
          <isin value="US59020U2H71"/>
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        <balance>742423.990000</balance>
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        <curCd>USD</curCd>
        <valUSD>719193.250000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.01848</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MSJP 2015-HAUL</name>
        <lei>N/A</lei>
        <title>MSJP MSJP 2015 HAUL XB 144A</title>
        <cusip>553697AE3</cusip>
        <identifiers>
          <isin value="US553697AE34"/>
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        <balance>31700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>668012.520000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-05</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH2668 FN 09/47 FIXED 3.5</title>
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        <identifiers>
          <isin value="US3140GQ6E16"/>
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        <balance>144891.750000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2006-10</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2006 10 1A12</title>
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        <identifiers>
          <isin value="US1266942J61"/>
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        <balance>1347717.140000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85</annualizedRt>
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        <name>AMBAC ASSURANCE CORPORATION</name>
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        <name>STRUCTURED ADJ RATE MTGE LOAN 2006-1</name>
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        <debtSec>
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        <name>PERU GOVT</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
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        <title>BOUGHT HKD SOLD USD 20250716</title>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3575 FN 12/38 FIXED 3.5</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2024-RPL1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.15368</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>COUNTRYWIDE HOME LOANS 2006-10</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2006 10 1A4</title>
        <cusip>1266942A5</cusip>
        <identifiers>
          <isin value="US1266942A52"/>
        </identifiers>
        <balance>1871542.130000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>564115.180000</valUSD>
        <pctVal>0.0003008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.93368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2594 FN 03/46 FIXED 4.5</title>
        <cusip>31418B3C8</cusip>
        <identifiers>
          <isin value="US31418B3C82"/>
        </identifiers>
        <balance>82743.230000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80966.240000</valUSD>
        <pctVal>0.0000432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>HARBORVIEW MORTGAGE LOAN TR 2007-5</name>
        <lei>N/A</lei>
        <title>HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2007 5 A1A</title>
        <cusip>41165AAB8</cusip>
        <identifiers>
          <isin value="US41165AAB89"/>
        </identifiers>
        <balance>15006194.020000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12931053.480000</valUSD>
        <pctVal>0.0068959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.81206</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>RESIDENTIAL ACCREDIT LOANS 2006-QA3</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QA3 A2</title>
        <cusip>75114RAE5</cusip>
        <identifiers>
          <isin value="US75114RAE53"/>
        </identifiers>
        <balance>16253807.920000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14192368.340000</valUSD>
        <pctVal>0.0075685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.03368</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>GMAC MORTGAGE CORP LOAN TRUST 2005-AR1</name>
        <lei>N/A</lei>
        <title>GMAC MORTGAGE CORPORATION LOAN GMACM 2005 AR1 3A</title>
        <cusip>76112BKN9</cusip>
        <identifiers>
          <isin value="US76112BKN90"/>
        </identifiers>
        <balance>173481.570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156616.630000</valUSD>
        <pctVal>0.0000835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.0681</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZS4743 FR 11/47 FIXED 3.5</title>
        <cusip>3132A5HU2</cusip>
        <identifiers>
          <isin value="US3132A5HU21"/>
        </identifiers>
        <balance>83277.110000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76551.280000</valUSD>
        <pctVal>0.0000408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL RA8904 FR 04/53 FIXED 6.5</title>
        <cusip>3133KQ3M6</cusip>
        <identifiers>
          <isin value="US3133KQ3M65"/>
        </identifiers>
        <balance>663417.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>691342.390000</valUSD>
        <pctVal>0.0003687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA1055 FN 12/47 FIXED 3.5</title>
        <cusip>3140Q8E50</cusip>
        <identifiers>
          <isin value="US3140Q8E506"/>
        </identifiers>
        <balance>33160.920000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30460.450000</valUSD>
        <pctVal>0.0000162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2915 FN 02/27 FIXED 3</title>
        <cusip>31418CGZ1</cusip>
        <identifiers>
          <isin value="US31418CGZ14"/>
        </identifiers>
        <balance>41292.680000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40805.590000</valUSD>
        <pctVal>0.0000218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2789 FN 10/36 FIXED 2.5</title>
        <cusip>31418CC36</cusip>
        <identifiers>
          <isin value="US31418CC363"/>
        </identifiers>
        <balance>196437.160000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182712.230000</valUSD>
        <pctVal>0.0000974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</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>RESIDENTIAL ASSET MTGE PROD 2005-RS2</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 RS2 M5</title>
        <cusip>76112BKF6</cusip>
        <identifiers>
          <isin value="US76112BKF66"/>
        </identifiers>
        <balance>5802674.860000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5773738.080000</valUSD>
        <pctVal>0.003079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.58868</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QG2632 FR 05/53 FIXED 5</title>
        <cusip>3133C24R6</cusip>
        <identifiers>
          <isin value="US3133C24R60"/>
        </identifiers>
        <balance>45136.720000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44466.430000</valUSD>
        <pctVal>0.0000237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>FIRST FRANKLIN MORTGAGE LOAN TRUS 2006-FF3</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF3 A2C</title>
        <cusip>362334AV6</cusip>
        <identifiers>
          <isin value="US362334AV61"/>
        </identifiers>
        <balance>470566.190000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>469788.250000</valUSD>
        <pctVal>0.0002505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.01368</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL V84111 FG 03/48 FIXED 3.5</title>
        <cusip>3132L9R80</cusip>
        <identifiers>
          <isin value="US3132L9R808"/>
        </identifiers>
        <balance>838571.740000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773691.480000</valUSD>
        <pctVal>0.0004126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ3929 FN 12/47 FIXED 3.5</title>
        <cusip>3140H5LK5</cusip>
        <identifiers>
          <isin value="US3140H5LK58"/>
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        <balance>446230.870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>412381.480000</valUSD>
        <pctVal>0.0002199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>RESIDENTIAL ACCREDIT LOANS 2006-QA9</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QA9 A1</title>
        <cusip>75115VAA3</cusip>
        <identifiers>
          <isin value="US75115VAA35"/>
        </identifiers>
        <balance>1762932.220000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>925868.200000</valUSD>
        <pctVal>0.0004937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.79368</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>BEAR STEARNS ADJ RATE MTGE TR 2007-4</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2007 4 22A1</title>
        <cusip>07401CAV5</cusip>
        <identifiers>
          <isin value="US07401CAV54"/>
        </identifiers>
        <balance>4368817.770000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3849438.300000</valUSD>
        <pctVal>0.0020528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>BEAR STEARNS ALT-A TRUST-2004-7</name>
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        <name>CIFC FUNDING 2022-I LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BOMBARDIER CAPITAL MTG SEC-1999-B</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>HOME EQUITY PASS-THRU CERTS 2005-2</name>
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        <name>AVIS BUDGET RENTAL CAR FUNDING AESOP LLC 2023-3A</name>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2004-2</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FANNIE MAE 2009-12</name>
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        <name>PERFORMER FUNDING 1 PLC 1A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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            <shareNo>N/A</shareNo>
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      <invstOrSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NPC UKRENERGO</name>
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        <identifiers>
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        <invCountry>UA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2006-A1</name>
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        <cusip>466247E90</cusip>
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        <balance>132075.220000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL MA3278 FN 02/48 FIXED 4.5</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>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM6262 FN 01/28 FIXED VAR</title>
        <cusip>3140X95Y7</cusip>
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        <balance>320174.470000</balance>
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        <curCd>USD</curCd>
        <valUSD>315682.190000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-HY8C</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 HY8C A1</title>
        <cusip>02150XAA9</cusip>
        <identifiers>
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        <balance>12253664.420000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL SB8002 FR 08/34 FIXED 3</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOME EQUITY ASSET TRUST 2005-6</name>
        <lei>N/A</lei>
        <title>HOME EQUITY ASSET TRUST HEAT 2005 6 M5</title>
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        <identifiers>
          <isin value="US437084NG75"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>DEUTSCHE ALT-A SEC INC MTGE LO 2007-OA3</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>AVON FINANCE NO 3 PLC 3A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2024-C</name>
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      <invstOrSec>
        <name>BCAP LLC TRUST 2010-RR4</name>
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        <debtSec>
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        <name>SUNTRUST ADJR MRTG LN TR 2007-1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CITIGROUP MTGE LOAN TR INC 2007-AMC2</name>
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        <name>CREDIT SUISSE GROUP AG</name>
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        <name>GSAA HOME EQUITY TRUST 2007-2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>VERUS SECURITIZATION TRUST 2023-INV2</name>
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        <name>MERRILL LYNCH MORTGAGE INV 2006-WMC1</name>
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        <name>FANNIE MAE 2003-76</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSET BACK SEC CORP HM EQ LN TR 2002-HE1</name>
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        <name>ISRAEL GOVT</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MORGAN STANLEY MORTGAGE TRUST-2004-8AR</name>
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        <name>CARVANA AUTO RECEIVABLES TRUST 2024-P1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>STRUCTURED ASSET SECURITIES CO-2007-BC3</name>
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        <name>PRKCM 2024-AFC1 TRUST</name>
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        <name>STRUCTURED ASSET SECURITIES CORPORATION 2006-AM1</name>
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        <name>RESIDENTIAL ACCREDIT LOANS 2005-QA7</name>
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          <isin value="US76110H7B93"/>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Floating</couponKind>
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        <name>COUNTRYWIDE ASSET BACKED CERTS 2004-13</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
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      <invstOrSec>
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        <name>FREDDIE MAC REMICS 3153</name>
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        <name>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>RAAC SERIES 2007-RP2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CSMCM TRUST 2019-RP11</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140EVWN33"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL 004341 G2 01/39 FIXED 4.5</title>
        <cusip>36202EZE2</cusip>
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          <isin value="US36202EZE21"/>
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        <balance>2038.070000</balance>
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        <curCd>USD</curCd>
        <valUSD>2023.370000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LUMINENT MORTGAGE TRUST 2006-3</name>
        <lei>N/A</lei>
        <title>LUMINENT MORTGAGE TRUST LUM 2006 3 21A1</title>
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        <curCd>USD</curCd>
        <valUSD>1730547.740000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>MLCC MORTGAGE INVESTORS INC 2004-1</name>
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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>N/A</name>
        <lei>N/A</lei>
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        <name>RAAC SERIES 2007-RP3</name>
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        <name>MERRILL LYNCH MORTGAGE INVS 2006-HE1</name>
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        <name>N/A</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-19</name>
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        <name>MORGAN STANLEY ABS CAPITAL I 2007-HE6</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>RESIDENTIAL ASSET MORTGAGE PRODUCTS INC 2004-RS10</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLARITEV CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SG MORTGAGE SECURITIES TRUST 2006-OPT2</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZHCJZH19GW5"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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          <isin value="US3132A5HH10"/>
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        <balance>2847.940000</balance>
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        <curCd>USD</curCd>
        <valUSD>2775.760000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>BEAR STEARNS ALT-A TRUST 2006-4</name>
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        <title>BEAR STEARNS ALT A TRUST BALTA 2006 4 13A1</title>
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          <isin value="US073871AE56"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TR 2007-OPT1</name>
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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>Floating</couponKind>
          <annualizedRt>4.51368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
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          <isin value="US912797PP64"/>
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        <balance>3967000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3942787.530000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>SOFI ALTERNATIVE TRUST 2020-A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2006-C</name>
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        <name>RESIDENTIAL ASSET MGTE PROD INC 2005-EFC7</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GAZPROM PJSC VIA GAZ CAPITAL SA</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE TRUST-2004-5AR</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2007-A4</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BEAR STEARNS ALT-A TRUST 2006-7</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UKRAINE GOVT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DIAMETER CREDIT FUNDING II LTD 2019-2A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ALTICE FRANCE SA</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <name>MERRILL LYNCH 1ST FRANKLIN MTG LN 2007-2</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>BAYVIEW FINANCIAL ASSET TR 2007-SR1A</name>
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        <name>WAMU MTGE P/T CERT 2007-HY1</name>
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        <name>FANNIE MAE 2007-54</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SAXON ASSET SECURITIES TRUST 2005-4</name>
        <lei>N/A</lei>
        <title>SAXON ASSET SECURITIES TRUST SAST 2005 4 M3</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.15368</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>GREEN TREE FINANCIAL CORP 1999-2</name>
        <lei>N/A</lei>
        <title>CONSECO FINANCIAL CORP GT 1999 2 A7</title>
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          <isin value="US393505W327"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1017938.300000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.44</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TR 2007-OPT1</name>
        <lei>N/A</lei>
        <title>SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2007 OPT1 2A4</title>
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        <identifiers>
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        <balance>4645303.320000</balance>
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        <curCd>USD</curCd>
        <valUSD>3058286.540000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25FFKBB509Z"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>JPMORGAN CHASE &amp; CO.</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIMORTGAGE ALTERNATIVE LN TR 2007-A3</name>
        <lei>N/A</lei>
        <title>CITIMORTGAGE ALTERNATIVE LOAN CMALT 2007 A3 1A4</title>
        <cusip>12567AAD9</cusip>
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          <isin value="US12567AAD90"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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          <isin value="US456606HW56"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12435438.960000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD TWD BOUGHT USD 20250716</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-OA19</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA19 A1</title>
        <cusip>12668RAA6</cusip>
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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>Floating</couponKind>
          <annualizedRt>4.61206</annualizedRt>
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      <invstOrSec>
        <name>MF1 2024-FL14 LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>COUNTRYWIDE HOME LOANS 2005-HYB9</name>
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        <debtSec>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2006-8T1</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 8T1 1A1</title>
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        <name>SFS AUTO RECEIVABLES SECURITIZATION TRUST 2023-1A</name>
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        <title>SFS AUTO RECEIVABLES SECURITIZ SFAST 2023 1A A3 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-60T1</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTEX HOME EQUITY 2005-B</name>
        <lei>N/A</lei>
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          <isin value="US152314NG15"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DURHAM MORTGAGES B PLC 24-BA</name>
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        <name>ALESCO PREFERRED FUNDING LTD 11A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-1A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALESCO PREFERRED FUNDING LTD 6A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <securityLending>
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          <isin value="US12669FG806"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BCAP LLC TRUST 2010-RR11</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>STRATTON MORTGAGE FUNDING 2024-2 PLC  24-2A</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <title>MASTR ADJUSTABLE RATE MORTGAGE MARM 2004 10 2A1</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>VITALITY RE XVI LTD</name>
        <lei>N/A</lei>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2004-10</name>
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        <name>BEAR STEARNS ALT-A TRUST 2006-3</name>
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        <name>COUNTRYWIDE HOME LOANS 2005-11</name>
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        <name>LONG BEACH MTGE LOAN TRUST 2004-2</name>
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        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 2 M1</title>
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        <name>RESLOC UK PLC 2007-1X</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-16</name>
        <lei>N/A</lei>
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        <cusip>23242FAD8</cusip>
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          <isin value="US23242FAD87"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HOME EQUITY ASSET TRUST 2004-8</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US437084GU43"/>
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        <balance>770660.370000</balance>
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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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          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140N7HZ61"/>
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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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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-1</name>
        <lei>N/A</lei>
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        <cusip>64352VKD2</cusip>
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          <isin value="US64352VKD28"/>
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        <balance>2852769.440000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>VOYAGER AVIATION HOLDINGS LLC</name>
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          <isin value="US92918XAA37"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EQUIFIRST MORTGAGE LOAN TRUST 2005-1</name>
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        <title>EQUIFIRST MORTGAGE LOAN TRUST EMLT 2005 1 M5</title>
        <cusip>29445FCS5</cusip>
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          <isin value="US29445FCS56"/>
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        <balance>35382.300000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BM1114 FN 04/47 FIXED VAR</title>
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          <isin value="US3140J5GY97"/>
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        <balance>87735.390000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2007-CP1</name>
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          <isin value="US68402YAC03"/>
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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>Floating</couponKind>
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      <invstOrSec>
        <name>PRPM 2024-8 LLC</name>
        <lei>N/A</lei>
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          <isin value="US74448KAA88"/>
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        <curCd>USD</curCd>
        <valUSD>25486192.100000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3138XPDA89"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>DUTCH MORTGAGE FINANCE BV 2024-1</name>
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        <title>DUTCH MORTGAGE FINANCE DMFI 2024 1A X 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <name>MASTR ASSET BACKED SECUR TR 2006-WMC4</name>
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        <title>MASTR ASSET BACKED SECURITIES MABS 2006 WMC4 A1</title>
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          <isin value="US57645MAA09"/>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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        <name>NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2023-BA</name>
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        <title>NAVIENT STUDENT LOAN TRUST NAVSL 2023 BA B 144A</title>
        <cusip>63942TAC9</cusip>
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          <isin value="US63942TAC99"/>
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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>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET MTG PROD INC 2003-RS9</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2003 RS9 MII1</title>
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          <isin value="US760985B346"/>
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        <balance>1343825.440000</balance>
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        <curCd>USD</curCd>
        <valUSD>1340486.440000</valUSD>
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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>Floating</couponKind>
          <annualizedRt>5.42368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PLMRS 2021-4A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX0836 FN 01/53 FIXED 5.5</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CVS PASS-THROUGH TRUST</name>
        <lei>N/A</lei>
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          <isin value="US12665VAA08"/>
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        <balance>4585244.410000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-11</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RENAISSANCE HOME EQUITY LOAN TR 2007-1</name>
        <lei>N/A</lei>
        <title>RENAISSANCE HOME EQUITY LOAN T RAMC 2007 1 AF4</title>
        <cusip>75970JAG1</cusip>
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          <isin value="US75970JAG13"/>
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        <balance>2781357.060000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD DKK BOUGHT USD 20250804</title>
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          <other otherDesc="Internal ID" value="25FSKBBNDNJ"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE2850 FN 12/46 FIXED 4</title>
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          <isin value="US3140FNEY64"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX6656 FN 02/53 FIXED 6</title>
        <cusip>3140NBME8</cusip>
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          <isin value="US3140NBME88"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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      <invstOrSec>
        <name>N/A</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>
        <title>BOUGHT EUR SOLD USD 20250702</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="25FNKBB7FS4"/>
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        <name>HARBORVIEW MORTGAGE LOAN TR 2006-11</name>
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        <cusip>41162GAA0</cusip>
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        <name>ALESCO PREFERRED FUNDING LTD 4A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AE7754 FN 11/25 FIXED 3</title>
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      <invstOrSec>
        <name>N/A</name>
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        <name>GSR MORTGAGE LOAN TRUST 2006-6F</name>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2004-25</name>
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        <title>COUNTRYWIDE HOME LOANS CWHL 2004 25 2A3</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>AMERICAN HOME MORTGAGE ASSETS 2006-5</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP6</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP5</name>
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      <invstOrSec>
        <name>VISIO TRUST 2023-2</name>
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        <name>MADISON PARK FUNDING XLIX LTD 2021-49A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <name>PREFERRED TERM SECS XVII LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-OH1</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>FREDDIE MAC REMICS 3785</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>DUTCH MORTGAGE WAREHOUSE FINANCE 24-1A</name>
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        <name>FANNIE MAE 2007-3</name>
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        <name>N/A</name>
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        <name>SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO)</name>
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        <name>LEGACY MORTGAGE ASSET TRUST 2018-RPL2</name>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2023-B</name>
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        <title>SMB PRIVATE EDUCATION LOAN TRU SMB 2023 B D 144A</title>
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        <identifiers>
          <isin value="US45660LTQ22"/>
        </identifiers>
        <balance>3847160.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2234455.510000</valUSD>
        <pctVal>0.0011916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>BOUGHT INR SOLD USD 20250820</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FJKBBQKKT"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="INR" exchangeRt="85.896200"/>
        <valUSD>535856.270000</valUSD>
        <pctVal>0.0002858</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank, National Association</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
            </counterparties>
            <amtCurSold>103715044.000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>8954756898.960000</amtCurPur>
            <curPur>INR</curPur>
            <settlementDt>2025-08-20</settlementDt>
            <unrealizedAppr>535856.270000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL BH4474 G2 07/48 FIXED 4</title>
        <cusip>3617H16K8</cusip>
        <identifiers>
          <isin value="US3617H16K83"/>
        </identifiers>
        <balance>1390220.700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1302609.090000</valUSD>
        <pctVal>0.0006947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 624885 FN 01/32 FIXED 6.5</title>
        <cusip>31389GF21</cusip>
        <identifiers>
          <isin value="US31389GF212"/>
        </identifiers>
        <balance>2700.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2815.090000</valUSD>
        <pctVal>0.0000015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>CHASE FUNDING LN ACQ TR 2004-OPT1</name>
        <lei>N/A</lei>
        <title>CHASE FUNDING LOAN ACQUISITION CFLAT 2004 OPT1 M1</title>
        <cusip>161542DZ5</cusip>
        <identifiers>
          <isin value="US161542DZ50"/>
        </identifiers>
        <balance>5692975.970000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5727579.590000</valUSD>
        <pctVal>0.0030544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.28868</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>LEHMAN XS TRUST 2005-1</name>
        <lei>N/A</lei>
        <title>LEHMAN XS TRUST LXS 2005 1 3A3A</title>
        <cusip>86359DKT3</cusip>
        <identifiers>
          <isin value="US86359DKT36"/>
        </identifiers>
        <balance>529268.310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>475464.800000</valUSD>
        <pctVal>0.0002536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.61</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>INDYMAC INDX MORTGAGE LOAN TR 2005-AR31</name>
        <lei>N/A</lei>
        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2005 AR31 4A1</title>
        <cusip>45660LW70</cusip>
        <identifiers>
          <isin value="US45660LW702"/>
        </identifiers>
        <balance>28340.910000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25100.030000</valUSD>
        <pctVal>0.0000134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.3324</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>SOLD PEN BOUGHT USD 20250929</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25CQKBB93KN"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="PEN" exchangeRt="3.551400"/>
        <valUSD>-192079.970000</valUSD>
        <pctVal>-0.0001024</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANCO SANTANDER S.A.</counterpartyName>
              <counterpartyLei>5493006QMFDDMYWIAM13</counterpartyLei>
            </counterparties>
            <amtCurSold>25091892.670000</amtCurSold>
            <curSold>PEN</curSold>
            <amtCurPur>6873173.000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-09-29</settlementDt>
            <unrealizedAppr>-192079.970000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA POOL 454138 GN 04/28 FIXED 6.49</title>
        <cusip>36208LPX9</cusip>
        <identifiers>
          <isin value="US36208LPX90"/>
        </identifiers>
        <balance>20423.830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20558.020000</valUSD>
        <pctVal>0.000011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.49</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>RENAISSANCE HOME EQUITY LOAN TRUST 2006-2</name>
        <lei>N/A</lei>
        <title>RENAISSANCE HOME EQUITY LOAN T RAMC 2006 2 AF4</title>
        <cusip>759676AG4</cusip>
        <identifiers>
          <isin value="US759676AG48"/>
        </identifiers>
        <balance>17328901.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6506843.060000</valUSD>
        <pctVal>0.00347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.115</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>BEAR STEARNS ALT-A TRUST 2005-5</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ALT A TRUST BALTA 2005 5 25A1</title>
        <cusip>07386HUM1</cusip>
        <identifiers>
          <isin value="US07386HUM14"/>
        </identifiers>
        <balance>7152073.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4841925.830000</valUSD>
        <pctVal>0.0025821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.81017</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>CDX IG44 5Y ICE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZPF6RHH0ZV8"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>90344747.010000</valUSD>
        <pctVal>0.0481792</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>INTERCONTINENTAL EXCHANGE</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>CDX.NA.IG.44</issueTitle>
                <identifiers>
                  <ticker value="CDX"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000"/>
            <otherPmntDesc fixedOrFloating="Other">Single Leg Swap</otherPmntDesc>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>4023700000.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>19850416.570000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2021-INV2</name>
        <lei>N/A</lei>
        <title>GS MORTGAGE BACKED SECURITIES GSMBS 2021 INV2 B2 144A</title>
        <cusip>36263MCE5</cusip>
        <identifiers>
          <isin value="US36263MCE57"/>
        </identifiers>
        <balance>7527563.450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6495140.060000</valUSD>
        <pctVal>0.0034637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.16036</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AE7356 FN 12/25 FIXED 3.5</title>
        <cusip>31419JE61</cusip>
        <identifiers>
          <isin value="US31419JE610"/>
        </identifiers>
        <balance>560.800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>557.970000</valUSD>
        <pctVal>0.0000003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AZ4422 FN 07/45 FIXED 4</title>
        <cusip>3138YV4G1</cusip>
        <identifiers>
          <isin value="US3138YV4G13"/>
        </identifiers>
        <balance>26425.990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25042.510000</valUSD>
        <pctVal>0.0000134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BC1824 FN 04/46 FIXED 4.5</title>
        <cusip>3140EWA21</cusip>
        <identifiers>
          <isin value="US3140EWA218"/>
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        <balance>441782.530000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>429418.670000</valUSD>
        <pctVal>0.000229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2018-C48</name>
        <lei>N/A</lei>
        <title>WELLS FARGO COMMERCIAL MORTGAG WFCM 2018 C48 XA</title>
        <cusip>95001RAY5</cusip>
        <identifiers>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GSAA HOME EQUITY TRUST 2007-8</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <curCd>USD</curCd>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTMET GROUP HOLDINGS LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3617HAHV20"/>
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        <curCd>USD</curCd>
        <valUSD>912200.810000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-OH3</name>
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          <isin value="US02151DAD66"/>
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        <balance>10804254.540000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-6</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2006 6 M1</title>
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        <identifiers>
          <isin value="US126670ZN14"/>
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        <balance>15734923.040000</balance>
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        <curCd>USD</curCd>
        <valUSD>14665577.670000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOVASTAR HOME EQUITY LOAN 2004-1</name>
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          <isin value="US66987XEC56"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140QB6A11"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EMCM MORTGAGE LOAN TRUST 2003-A</name>
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        <title>EMC MORTGAGE LOAN TRUST EMCM 2003 A A1 144A</title>
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        <balance>209808.940000</balance>
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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>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PACIFIC GAS AND ELECTRIC CO</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>HARBORVIEW MORTGAGE LOAN TR 2006-10</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2004-J11</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2004 J11 3A1</title>
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          <isin value="US12667FXN04"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AX2501 FN 10/44 FIXED 4</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE TRUST-2004-8AR</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY MORTGAGE LOAN T MSM 2004 8AR 4A1</title>
        <cusip>61748HEF4</cusip>
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          <isin value="US61748HEF47"/>
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        <balance>18542.860000</balance>
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        <name>FHLMC PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM MORTGAGE TRUST 2018-COR3</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERTIFICATES 2004-SD4</name>
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      <invstOrSec>
        <name>BCAP LLC TRUST 2010-RR10</name>
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      <invstOrSec>
        <name>MEXICO GOVT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL5</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>HARBORVIEW MORTGAGE LOAN TRUST 2004-7</name>
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        <name>PAGAYA AI DEBT TRUST 2025-2</name>
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        <name>JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2021-410T</name>
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        <name>CFMT 2025-HB16 LLC</name>
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          <couponKind>Variable</couponKind>
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        <name>STRUCTURED ADJUSTABLE RT MTGE LN 2005-23</name>
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        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2005 23 3A1</title>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-1</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2002-AR16 TRUST</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>LEGACY MORTGAGE ASSET TRUST 2018-RPL5</name>
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          <isin value="US52474TAD63"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>NEWCASTLE MTGE SECURITIES TRUST 2007-1</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-2</name>
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        <title>NEW RESIDENTIAL MORTGAGE LOAN NRZT 2019 2A B3 144A</title>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025-NQM1</name>
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        <name>ASSET BACK SEC CORP HM EQ LN TR 2005-HE2</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <securityLending>
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        <name>ROMANIA GOVT</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>PETROLEOS MEXICANOS (PEMEX)</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2005-H</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2005 H 7A1</title>
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          <isin value="US05946XJ796"/>
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      </invstOrSec>
      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2024-RPL5</name>
        <lei>N/A</lei>
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        <cusip>362951AH8</cusip>
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          <isin value="US362951AH87"/>
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        <curCd>USD</curCd>
        <valUSD>68107.350000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC TRUST 2006-A9CB</name>
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        <title>RESIDENTIAL ASSET SECURITIZATI RAST 2006 A9CB A6</title>
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          <isin value="US76112HAF47"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140H3BN59"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31388FNW94"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.32826 09/03/24-7Y* CME</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BANK OF AMERICA MTGE SECURITIES 2005-D</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BH3492 FN 02/48 FIXED 4</title>
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        <name>RESIDENTIAL ACCREDIT LOANS INC 2007-QS5</name>
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        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS5 A1</title>
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          <isin value="US74923JAA51"/>
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        <balance>501291.070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>412620.800000</valUSD>
        <pctVal>0.00022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>STRUCTURED ASSET MTGE INVEST 2007-AR7</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET MORTGAGE INVE SAMI 2007 AR7 1A1</title>
        <cusip>86364KAA2</cusip>
        <identifiers>
          <isin value="US86364KAA25"/>
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        <balance>2434036.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1979656.110000</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>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL1798 FN 10/39 FIXED VAR</title>
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        <identifiers>
          <isin value="US3138EH7L06"/>
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        <balance>6978.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7297.890000</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>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET SECURITIES CO 2003-37A</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2003 37A 3A7</title>
        <cusip>86359BBZ3</cusip>
        <identifiers>
          <isin value="US86359BBZ31"/>
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        <curCd>USD</curCd>
        <valUSD>184018.710000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ADJUSTABLE RT MTGE LN 2005-15</name>
        <lei>N/A</lei>
        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2005 15 4A1</title>
        <cusip>863579UU0</cusip>
        <identifiers>
          <isin value="US863579UU02"/>
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        <balance>1246595.280000</balance>
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        <curCd>USD</curCd>
        <valUSD>1095539.600000</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>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.97224</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2018-RP11</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2018 RP11 PT 144A</title>
        <cusip>12655DAE4</cusip>
        <identifiers>
          <isin value="US12655DAE40"/>
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        <balance>211392174.330000</balance>
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        <curCd>USD</curCd>
        <valUSD>195363658.660000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.66116</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>MMCAPS FUNDING XVIII LTD</name>
        <lei>549300ZF6EZYDGUCIW80</lei>
        <title>MMCAPS FUND XVIII LTD SECURED 144A 12/39 VAR</title>
        <cusip>60688HAC9</cusip>
        <identifiers>
          <isin value="US60688HAC97"/>
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        <balance>10100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8711250.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.06374</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BC2270 FN 04/46 FIXED 4.5</title>
        <cusip>3140EWQY4</cusip>
        <identifiers>
          <isin value="US3140EWQY45"/>
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        <balance>57869.950000</balance>
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        <curCd>USD</curCd>
        <valUSD>56670.620000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALESCO PREFERRED FUNDING LTD 3A</name>
        <lei>N/A</lei>
        <title>ALESCO PREFERRED FUNDING LTD ALESC 3A A2 144A</title>
        <cusip>01448MAB5</cusip>
        <identifiers>
          <isin value="US01448MAB54"/>
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        <balance>2176495.280000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2138406.610000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/1.75000 06/15/22-7Y CME</title>
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          <isin value="EZ2KYVSDFJC8"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC TRUST 2006-A7CB</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIZATI RAST 2006 A7CB 1A5</title>
        <cusip>76113NAE3</cusip>
        <identifiers>
          <isin value="US76113NAE31"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FREMONT HOME LOAN TRUST 2006-2</name>
        <lei>N/A</lei>
        <title>FREMONT HOME LOAN TRUST FHLT 2006 2 2A3</title>
        <cusip>35729PPX2</cusip>
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          <isin value="US35729PPX23"/>
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        <balance>5583123.780000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>INDYMAC INDA MORTGAGE LOAN TR 2005-AR2</name>
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        <title>INDYMAC INDA MORTGAGE LOAN TRU INDA 2005 AR2 1A1</title>
        <cusip>45660LY60</cusip>
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          <isin value="US45660LY609"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SLM STUDENT LOAN TRUST 2012-5</name>
        <lei>N/A</lei>
        <title>SLM STUDENT LOAN TRUST SLMA 2012 5 A3</title>
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          <isin value="US78447EAC03"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH7036 FN 12/47 FIXED 4</title>
        <cusip>3140GVZA6</cusip>
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          <isin value="US3140GVZA66"/>
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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>Fixed</couponKind>
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      <invstOrSec>
        <name>KINBANE 2024-RPL 2 DAC  24-RPL2A</name>
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        <title>KINBANE DAC KINBN 2024 RPL2A A 144A</title>
        <cusip>ACI2S5NF1</cusip>
        <identifiers>
          <isin value="XS2929502768"/>
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        <balance>64537171.200000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-01-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.971</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RBSSP RESECURITIZATION TRUST 2011-3</name>
        <lei>N/A</lei>
        <title>RBSSP RESECURITIZATION TRUST RBSSP 2011 3 2A2 144A</title>
        <cusip>74930NAD1</cusip>
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        <name>FNMA PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2006 AR7</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140HFGZ69"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-01</maturityDt>
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          <annualizedRt>5.5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERIQUEST MTGE SECURITIES INC 2005-R6</name>
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          <isin value="US03072SG666"/>
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        <balance>14800000.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DURHAM MORTGAGES 24-AA</name>
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          <isin value="XS1816329095"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-28</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARBLE POINT CLO XIV LTD 2018-2</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>CSMC 2021-RPL8 TRUST</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ASSET-BACKED CERTS 2005-1</name>
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          <isin value="US466247YT47"/>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>TRAPEZA CDO LLC 2007-12A</name>
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          <isin value="US89413GAC24"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>LEHMAN XS TRUST 2005-5N</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US31408DXE92"/>
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        <name>COUNTRYWIDE ASSET-BACKED CERTS 2005-BC5</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>LEGACY MORTGAGE ASSET TRUST 2017-RPL2</name>
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        <title>LEGACY MORTGAGE ASSET TRUST LMAT 2017 RPL2 XS 144A</title>
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          <isin value="US52473LAD47"/>
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        <debtSec>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>GSMPS MORTGAGE LOAN TRUST 2004-4</name>
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        <cusip>36242DJQ7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCULPTOR CLO XXVII LTD 27A</name>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2007-3</name>
        <lei>N/A</lei>
        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2007 3 1A1</title>
        <cusip>68402BAA4</cusip>
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          <isin value="US68402BAA44"/>
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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>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.65368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2005-A8</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2005 A8 6A2</title>
        <cusip>466247ZC0</cusip>
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          <isin value="US466247ZC03"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>TRS SOFRINDX/IBXXLLTR 09/22/25 MYC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ARGENT SECURITIES INC 2006-W4</name>
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        <name>WASHINGTON MUTUAL 2005-AR18</name>
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        <debtSec>
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      <invstOrSec>
        <name>IXIS REAL ESTATE CAPITAL TRUST 2007-HE1</name>
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        <title>IXIS REAL ESTATE CAPITAL TRUST IXIS 2007 HE1 A1</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.49368</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2015-12R</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US31385JMX36"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138WKW270"/>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>GSAA HOME EQUITY TRUST 2004-3</name>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CONSECO FINANCE SECUR CORP 2001-1</name>
        <lei>N/A</lei>
        <title>CONSECO FINANCE SECURITIZATION CNF 2001 1 A5</title>
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        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CROSS 2024-H4 MORTGAGE TRUST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>STRUCTURED ADJUSTABLE RT MTG LN 2004-18</name>
        <lei>N/A</lei>
        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2004 18 4A1</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-RPL2</name>
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        <name>GROSVENOR PLACE CLO 2024-2 DAC 24-2A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ACHV ABS TRUST 2024-1PL</name>
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        <name>INDYMAC INDX MTGE LOAN TRUST 2005-AR12</name>
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        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2005 AR12 2A1B</title>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GSR MORTGAGE LOAN TRUST 2007-4F</name>
        <lei>N/A</lei>
        <title>GSR MORTGAGE LOAN TRUST GSR 2007 4F 4A1</title>
        <cusip>362669AS2</cusip>
        <identifiers>
          <isin value="US362669AS20"/>
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        <curCd>USD</curCd>
        <valUSD>30781.530000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.88368</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH3925 FN 09/47 FIXED 3.5</title>
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        <curCd>USD</curCd>
        <valUSD>15708.430000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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      <invstOrSec>
        <name>TURKEY GOVT</name>
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          <isin value="TRT170528T12"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-17</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZ2PTVYZHK77"/>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2006-A5</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2006 A5 4A1</title>
        <cusip>46629CAP2</cusip>
        <identifiers>
          <isin value="US46629CAP23"/>
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        <balance>4458494.630000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4.82493</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AD3808 FN 04/40 FIXED 4.5</title>
        <cusip>31418RGS4</cusip>
        <identifiers>
          <isin value="US31418RGS40"/>
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        <balance>985.520000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>983.620000</valUSD>
        <pctVal>0.0000005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL SD8317 FR 04/53 FIXED 6</title>
        <cusip>3132DWG23</cusip>
        <identifiers>
          <isin value="US3132DWG230"/>
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        <balance>2229811.310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2274365.970000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL C91484 FG 08/32 FIXED 3</title>
        <cusip>3128P7UH4</cusip>
        <identifiers>
          <isin value="US3128P7UH41"/>
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        <balance>100240.580000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97346.520000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERTIFICATES 2004-BC5</name>
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        <cusip>126673PU0</cusip>
        <identifiers>
          <isin value="US126673PU06"/>
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        <balance>570206.670000</balance>
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        <curCd>USD</curCd>
        <valUSD>561248.550000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-OC11</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OC11 1A</title>
        <cusip>23244JAA4</cusip>
        <identifiers>
          <isin value="US23244JAA43"/>
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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>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AJ4087 FN 10/26 FIXED 3</title>
        <cusip>3138AVRH0</cusip>
        <identifiers>
          <isin value="US3138AVRH02"/>
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        <curCd>USD</curCd>
        <valUSD>21252.360000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA0493 FN 10/47 FIXED 4</title>
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          <isin value="US3140Q7RP49"/>
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        <curCd>USD</curCd>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3140NLRD33"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BJ6110 FN 12/47 FIXED 3.5</title>
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        <curCd>USD</curCd>
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        <name>ENERGY TRANSFER LP</name>
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          <isin value="US292480AL49"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>SOUTH AFRICA GOVT</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST FRANKLIN MTG LOAN 2004-FF10</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2004 FF10 M1</title>
        <cusip>32027NMJ7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-25</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2003-HYB2</name>
        <lei>N/A</lei>
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          <isin value="US12669D2Y35"/>
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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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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal ID" value="25FJKBBPDT9"/>
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      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2006-NC1</name>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2006-OP2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BANC OF AMERICA ALT LOAN TRUST 2006-5</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>GSAA HOME EQUITY TRUST 2007-4</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2177 FN 02/35 FIXED 4</title>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL2</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>CARNIVAL CORPORATION</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>ACCREDITED MORTGAGE LOAN TRUST 2004-3</name>
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        <name>UMBS PASS THRU POOLS</name>
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      <invstOrSec>
        <name>WAMU MTGE P/T CERT 2007-HY7</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2007 HY7 4A2</title>
        <cusip>93364FAM3</cusip>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>MORGAN STANLEY RESECURITIZATION TRUST 2014-R8</name>
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        <title>MORGAN STANLEY REREMIC TRUST MSRR 2014 R8 4B 144A</title>
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        <name>SEQUOIA MORTGAGE TRUST 2003-2</name>
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        <name>BAYVIEW FINANCIAL REVOLVING LN 2005-E</name>
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        <title>BAYVIEW FINANCIAL REVOLVING MO BAYRT 2005 E A2A 144A</title>
        <cusip>073250CB6</cusip>
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          <isin value="US073250CB66"/>
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        <curCd>USD</curCd>
        <valUSD>677520.060000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PRPM 2023-NQM2 TRUST</name>
        <lei>N/A</lei>
        <title>PRP ADVISORS, LLC PRPM 2023 NQM2 A1 144A</title>
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        <curCd>USD</curCd>
        <valUSD>25457307.910000</valUSD>
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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>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ASSET SECURITIZATION TRUST 2004-A8</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIZATI RAST 2004 A8 A5</title>
        <cusip>45660N4M4</cusip>
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        <balance>550293.970000</balance>
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        <curCd>USD</curCd>
        <valUSD>510243.960000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.88368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA1051 FN 01/48 FIXED 3.5</title>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE ALT-A SECURITIES INC ALTERNATE LOAN TRUST 2005-5</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <balance>58771.280000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-56</name>
        <lei>N/A</lei>
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          <isin value="US12668AHA60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2005-AR1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 AR1 1A</title>
        <cusip>12668A4P7</cusip>
        <identifiers>
          <isin value="US12668A4P73"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.93368</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 745316 FN 02/26 FIXED VAR</title>
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          <isin value="US31403DAR08"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25ETKBBMK3C"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BC5737 FN 07/29 FIXED 3</title>
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          <isin value="US3140F1LT73"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX COMMERCIAL MORTGAGE TRUST 2022-LP2</name>
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          <isin value="US05610HAA14"/>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>WASHINGTON MUTUAL 2006-AR16</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MORGAN STANLEY IXIS RE CAP TR 2006-2</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>FIRST HORIZON ALT MTGE SEC 2005-AA2</name>
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        <title>FIRST HORIZON ALTERNATIVE MORT FHAMS 2005 AA2 1A1</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <balance>323848.370000</balance>
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        <curCd>USD</curCd>
        <valUSD>304891.530000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BP5567 FN 06/50 FIXED 3.5</title>
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          <isin value="US3140KDFH85"/>
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        <balance>12979.650000</balance>
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        <curCd>USD</curCd>
        <valUSD>11837.140000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MADISON PARK FUNDING XXXV LTD</name>
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          <isin value="US55819MAN65"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>943314.060000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-20</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>THORNBURG MORTGAGE SECURITIES TRUST 2008-1</name>
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        <cusip>88522UAE7</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25CDKBBQ3GH"/>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>PACIFIC GAS AND ELECTRIC CO</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal ID" value="25CEKBCHNG3"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>DEUTSCHE ALT-A SEC INC MTGE LO 2005-6</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>AMERICAN HOME MTGE INV TRUST 2005-2</name>
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      <invstOrSec>
        <name>BARROW FUNDING PLC 1A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2006-AR6</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN HOME MORTGAGE ASSETS 2007-5</name>
        <lei>N/A</lei>
        <title>AMERICAN HOME MORTGAGE ASSETS AHMA 2007 5 A1</title>
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          <isin value="US026936AA28"/>
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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>Floating</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
        <valUSD>570702.050000</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>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>STRUCTURED ASSET INVST LN TR 20060BNC1</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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        <name>GNMA PASS THRU POOLS</name>
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        <name>GMF CANADA LEASING TRUST ASSET-BACKED NOTES SERIES 2024-1A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2006-J1</name>
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        <name>INTEGRITY RE LTD</name>
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        <name>LANDMARK MORTGAGE SECURITIES NO 3 PLC</name>
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        <name>DURHAM MORTGAGES B PLC 24-BA</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-36</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>AEGIS ASSET BACKED SEC TR 2005-1</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TR 2004-11</name>
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        <title>HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2004 11 3A3</title>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TRUST 2006-OPT4</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CSMC TRUST 2018-RPL1</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2342 FN 07/45 FIXED 4</title>
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          <isin value="US31418BS809"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BAIN CAPITAL CREDIT CLO 2021-4 LTD</name>
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        <cusip>05685AAQ1</cusip>
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          <isin value="US05685AAQ13"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2003-60</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2003 60 2A1</title>
        <cusip>12669FJD6</cusip>
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          <isin value="US12669FJD69"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>WASHINGTON MUTUAL 2006-AR3</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR3 A1B</title>
        <cusip>92925CDB5</cusip>
        <identifiers>
          <isin value="US92925CDB54"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.39869</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LEGACY MORTGAGE ASSET TRUST 2019-RPL2</name>
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        <title>LEGACY MORTGAGE ASSET TRUST LMAT 2019 RPL2 PT 144A</title>
        <cusip>52475LAJ9</cusip>
        <identifiers>
          <isin value="US52475LAJ98"/>
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        <balance>94148354.560000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ3620 FN 01/48 FIXED 4</title>
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          <isin value="US3140H5AW16"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS EUR 2.95000 10/27/22-7Y* LCH</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NELNET STUDENT LOAN TRUST 2023-AA</name>
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        <title>NELNET STUDENT LOAN TRUST NSLT 2023 AA AFL 144A</title>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AP7537 FN 09/27 FIXED 3</title>
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          <isin value="US3138MBLT12"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AV0663 FN 12/43 FIXED 4.5</title>
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          <isin value="US3138XBWZ34"/>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-IM3</name>
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        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2005 IM3 A4</title>
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          <isin value="US126670JE98"/>
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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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        <name>UMBS PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE</title>
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          <isin value="US01F0406854"/>
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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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        <name>VALLEY FUNDING PLC 1A</name>
        <lei>N/A</lei>
        <title>VALLEY FUNDING PLC VFUND 1A C 144A</title>
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          <isin value="XS2959459079"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.22522</annualizedRt>
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      </invstOrSec>
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        <name>FANNIE MAE 1999-37</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 1999 37 F</title>
        <cusip>31359V6Z1</cusip>
        <identifiers>
          <isin value="US31359V6Z11"/>
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        <balance>236.720000</balance>
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        <curCd>USD</curCd>
        <valUSD>235.890000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <name>CUPRESSUS MORTGAGES HOLDCO 2022 SA RL</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>BANK OF AMERICA MTGE SEC 2003-J</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UKRAINE GOVT</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>WASHINGTON MUTUAL ALTERNATIVE MORTGAGE PASS-THROUGH CERTIFICATES 2006-6</name>
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        <name>BCAP LLC TRUST 2012-RR2</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Variable</couponKind>
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        <name>NATIONSTAR HOME EQUITY LOAN TR 2007-B</name>
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        <name>ARGENT SECURITIES INC 2006-W4</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>REGIONAL MANAGEMENT ISSUANCE TRUST 2024-1</name>
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        <title>REGIONAL MANAGEMENT ISSUANCE T RMIT 2024 1 A 144A</title>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H11</name>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN 2006-OA9</name>
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      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2006-HE1</name>
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        <name>GSAA HOME EQUITY TRUST 2006-9</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2004-J9</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE TRUST-2004-6AR</name>
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        <title>MORGAN STANLEY MORTGAGE LOAN T MSM 2004 6AR 3A</title>
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          <isin value="US61748HBQ39"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>STRUCTURED ASSET INVST LN TR 2005-1</name>
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        <name>UNITED STATES GOVT</name>
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      <invstOrSec>
        <name>FREMONT HOME LOAN TRUST 2006-B</name>
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        <name>BELLA VISTA MORTGAGE TRUST 2005-2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ANGEL OAK MORTGAGE TRUST 2021-5</name>
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        <title>ANGEL OAK MORTGAGE TRUST AOMT 2021 5 M1 144A</title>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-26</name>
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      <invstOrSec>
        <name>WMALT MTGE PASS-THRU CERT 2005-4</name>
        <lei>N/A</lei>
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        <name>MORGAN STANLEY MORTGAGE LOAN TRUST 2007-1XS</name>
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      <invstOrSec>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-14</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UNITED STATES GOVT</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-45T1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-11T1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>RESIDENTIAL ASSET SECURITIZATION TRUST 2005-A8CB</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>OPTION ONE MORTGAGE LOAN TRUST 2004-2</name>
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        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2004 2 M1</title>
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        <issuerCat>CORP</issuerCat>
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        <curCd>USD</curCd>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSET BACKED FUNDING CERT 2006-HE1</name>
        <lei>N/A</lei>
        <title>ASSET BACKED FUNDING CERTIFICA ABFC 2006 HE1 A2C</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>GSAMP TRUST 2006-HE4</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2006 HE4 A1</title>
        <cusip>362439AA9</cusip>
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          <isin value="US362439AA94"/>
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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>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BAYOU RE LTD</name>
        <lei>N/A</lei>
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          <isin value="US07304LAC54"/>
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        <balance>5800000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS7838 FN 08/46 FIXED 3</title>
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          <isin value="US3138WHV823"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA0976 FN 02/32 FIXED 3.5</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TR 2006-8</name>
        <lei>N/A</lei>
        <title>HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2006 8 1A1</title>
        <cusip>41161GAA1</cusip>
        <identifiers>
          <isin value="US41161GAA13"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.63591</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AK9045 FN 04/27 FIXED 3</title>
        <cusip>3138EEBP3</cusip>
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          <isin value="US3138EEBP31"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84177.900000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IMPAC CMB TR 2005-4</name>
        <lei>N/A</lei>
        <title>IMPAC CMB TRUST IMM 2005 4 1M3</title>
        <cusip>45254NPJ0</cusip>
        <identifiers>
          <isin value="US45254NPJ09"/>
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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>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ADJ RATE MTGE LOAN 2006-8</name>
        <lei>N/A</lei>
        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2006 8 2A3</title>
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        <identifiers>
          <isin value="US86361JAH32"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AH2876 FN 02/26 FIXED 3.5</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-25T1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 25T1 A4</title>
        <cusip>12667GRE5</cusip>
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          <isin value="US12667GRE51"/>
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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>PAGAYA AI DEBT GRANTOR TRUST 2024-11</name>
        <lei>N/A</lei>
        <title>PAGAYA AI DEBT SELECTION TRUST PAID 2024 11 A 144A</title>
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          <isin value="US69544AAA34"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ROLLS-ROYCE PLC SNR SE ICE</title>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH5201 FN 09/47 FIXED 3.5</title>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AJ9360 FN 01/27 FIXED 3.5</title>
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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>N/A</name>
        <lei>N/A</lei>
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          <isin value="DE000F167SF3"/>
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        <pctVal>-0.0000889</pctVal>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>EUREX DEUTSCHLAND</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                  <derivAddlInfo>
                    <name>N/A</name>
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                      <isin value="DE000F1NGF61"/>
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                  <payOffProf>N/A</payOffProf>
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                      <issuerName>N/A</issuerName>
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            <shareNo>N/A</shareNo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>PRPM 2024-7 LLC</name>
        <lei>N/A</lei>
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          <isin value="US74448LAA61"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FORD MOTOR CREDIT COMPANY LLC SNR S* ICE</title>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>INTERCONTINENTAL EXCHANGE</counterpartyName>
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            <descRefInstrmnt>
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                <issuerName>FORD MOTOR CREDIT COMPANY LLC</issuerName>
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            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>-1289010.940000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>CREDIT SUISSE MORTGAGE CAP CERT 2007-2</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2007 2 3A4</title>
        <cusip>126384AQ9</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>CSMC TRUST 2017</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CALI A 144A</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2007-6</name>
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        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2007 6 1A1</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2005-HE7</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-6A</name>
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        <name>PREFERRED TERM SECURITIES XVIII LTD / PREFERRED TERM SECURITIES XVIII INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>PHH ALTERNATIVE MORTGAGE TRUST 2007-1</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP1</name>
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          <isin value="US173114AB54"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MTGE ACQUIS CORP 2005-FRE1</name>
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          <isin value="US46626LCD01"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BARROW FUNDING PLC 1A</name>
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          <isin value="XS2755902587"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHESTER A PLC 1-AA</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2006-6</name>
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        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2006 6 2A2</title>
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          <isin value="US05950RBC25"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-18</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 18 A6</title>
        <cusip>126694EN4</cusip>
        <identifiers>
          <isin value="US126694EN45"/>
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        <balance>1102397.360000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.83368</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON MUTUAL 2005-AR14</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR14 1A2</title>
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        <identifiers>
          <isin value="US92922F4B15"/>
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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>
          <annualizedRt>5.14799</annualizedRt>
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      <invstOrSec>
        <name>BCAP LLC 2010-RR13 TRUST</name>
        <lei>N/A</lei>
        <title>BCAP LLC TRUST BCAP 2010 RR13 1A2 144A</title>
        <cusip>05533MAA4</cusip>
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          <isin value="US05533MAA45"/>
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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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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2007-11</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 11 2A1 144A</title>
        <cusip>17313RAF3</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SOUTH AFRICA GOVT</name>
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        <title>REPUBLIC OF SOUTH AFRICA SR UNSECURED 02/31 7</title>
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        <currencyConditional curCd="ZAR" exchangeRt="17.703700"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ASSET BACKED SEC HOME EQTY LN 2006-HE1</name>
        <lei>N/A</lei>
        <title>ASSET BACKED SECURITIES CORP H ABSHE 2006 HE1 M2</title>
        <cusip>04541GVM1</cusip>
        <identifiers>
          <isin value="US04541GVM13"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL8710 FN 07/29 FIXED VAR</title>
        <cusip>3138ETVC7</cusip>
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          <isin value="US3138ETVC76"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <name>STRUCTURED ASSET MTG INV INC 2007-AR4</name>
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        <title>STRUCTURED ASSET MORTGAGE INVE SAMI 2007 AR4 A3</title>
        <cusip>86364MAC4</cusip>
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          <isin value="US86364MAC47"/>
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        <balance>7324763.310000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY5272 FN 06/53 FIXED 6</title>
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          <isin value="US3140NM2E64"/>
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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>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-OA19</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA19 A4</title>
        <cusip>12668RAE8</cusip>
        <identifiers>
          <isin value="US12668RAE80"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.64206</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG 02/30 1</title>
        <cusip>902613BJ6</cusip>
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          <isin value="US902613BJ61"/>
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        <balance>33800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34720768.780000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <debtSec>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET MTG INV INC 2006-AR8</name>
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          <isin value="US86361WAA99"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2006-A3</name>
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          <isin value="US46628KAC45"/>
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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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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALT LOAN TRUST 2006-OA16</name>
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          <isin value="US23242GAE44"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
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          <isin value="XS2835002846"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2004-9</name>
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        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2004 9 MF2</title>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>CREDIT-BASED ASSET SERVICING AND SECURITIZATION LLC 2004-CB8</name>
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      <invstOrSec>
        <name>WASHINGTON MUTUAL 2006-AR12</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024-2A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SPRINT LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TRUST 2006-WMC1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROADCOM INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GSR MORTGAGE LOAN TRUST 2005-AR1</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>N/A</name>
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        <name>CIM TRUST 2023-I2</name>
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        <name>ASSET BACKED FUNDING CERT 2005-HE1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FIFIRST FRANKLIN MTG LOAN ABS 2006-FF2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>CAIXABANK SA (AKA: LA CAIXA)</name>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NOMURA ASSET ACCEPTANCE CORP 2004-R3</name>
        <lei>N/A</lei>
        <title>NOMURA ASSET ACCEPTANCE CORPOR NAA 2004 R3 A1 144A</title>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>STRUCTURED ASSET INV LOAN TRUST 2003-BC4</name>
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        <title>STRUCTURED ASSET INVESTMENT LO SAIL 2003 BC4 M2</title>
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        <curCd>USD</curCd>
        <valUSD>2257005.910000</valUSD>
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        <balance>2538716.460000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <cusip>36225CA97</cusip>
        <identifiers>
          <isin value="US36225CA973"/>
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        <balance>210.030000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209.230000</valUSD>
        <pctVal>0.0000001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.625</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2005-HE3</name>
        <lei>N/A</lei>
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        <cusip>004421NG4</cusip>
        <identifiers>
          <isin value="US004421NG42"/>
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        <balance>3356758.910000</balance>
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        <curCd>USD</curCd>
        <valUSD>2604805.640000</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>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.42368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-5</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 5 A2</title>
        <cusip>12544VAB5</cusip>
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          <isin value="US12544VAB53"/>
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        <balance>55580.900000</balance>
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        <curCd>USD</curCd>
        <valUSD>26319.570000</valUSD>
        <pctVal>0.000014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <cusip>31349TCC3</cusip>
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          <isin value="US31349TCC36"/>
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        <balance>689.460000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <cusip>3138XEG44</cusip>
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          <isin value="US3138XEG449"/>
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        <balance>28344.500000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AAMES MORTGAGE INVESTMENT TRUST 2005-4</name>
        <lei>N/A</lei>
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        <cusip>00252FCW9</cusip>
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          <isin value="US00252FCW95"/>
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        <balance>9557000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT TRY SOLD USD 20250714</title>
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      <invstOrSec>
        <name>N/A</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST 2019-RP1</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>CHASE MORTGAGE FINANCE CORP 2007-S5</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMSURG (AMBULATORY TOPCO LLC)</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>GOVERNMENT NATL MTGE ASSOC 2009-19</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASHINGTON MUTUAL MORTGAGE PASS-THROUGH CTFS 2006-9</name>
        <lei>N/A</lei>
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          <isin value="US93935WAG96"/>
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        <balance>6314994.700000</balance>
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        <curCd>USD</curCd>
        <valUSD>1715326.220000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST FRANKLIN MTG LOAN 2006-FF1</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2004-FM1</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>MERRILL LYNCH MORTGAGE INVS 2005-WMC1</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.22868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2004-AB2</name>
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      <invstOrSec>
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        <name>FHLMC PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>NRZT 2019-5A</name>
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          <couponKind>Variable</couponKind>
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        <name>SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-B</name>
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        <name>ENTERPRISE FLEET FINANCING 2024-3 LLC</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AX9149 FN 01/45 FIXED 3.5</title>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2007-WM1</name>
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        <name>FANNIE MAE 2009-87</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR</name>
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        <name>COUNTRYWIDE HOME LOANS 2005-HYB2</name>
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        <name>ADJUSTABLE RATE MORTAGE TRUST 2005-10</name>
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        <name>GREATAMERICA LEASING RECEIVABLES FUNDING LLC SERIES 2024-2</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>STRUCTURED ARM LOAN TRUST 2005-8XS</name>
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        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2005 8XS M1</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2025-N1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2023-P5</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK MORTGAGE TRUST 2024-CP1</name>
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          <isin value="US67118PAA03"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H07</name>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-2</name>
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        <name>DUTCH MORTGAGE FINANCE BV 2024-1</name>
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        <debtSec>
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        <name>BENCHMARK MORTGAGE TRUST  2020-B18</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2006-J1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>DUKE FUNDING LTD 2005-HG3A</name>
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        <name>GREEN TREE FINANCIAL CORP 1999-5</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-2A</name>
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        <title>CONSUMER LOAN FINANCE ISSUER T CLFT 2023 2A A2 144A</title>
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        <name>ASSET BACKED FUNDING CERT 2006-HE1</name>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>M&amp;T EQUIPMENT 2024-LEAF1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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            <amtCurSold>100862772.000000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2024-LB1</name>
        <lei>N/A</lei>
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        <cusip>05494AAA7</cusip>
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          <isin value="US05494AAA79"/>
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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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          <maturityDt>2056-05-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>FANNIE MAE 2009-107</name>
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        <title>FANNIE MAE FNR 2009 107 SM</title>
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          <isin value="US31398GXC85"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>SMB PRIVATE EDUCATION LOAN TRUST 2023-B</name>
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        <cusip>78449HAD9</cusip>
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          <isin value="US78449HAD98"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>NATIONWIDE BUILDING SOCIETY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN HOME MORTGAGE INVT TR 2006-1</name>
        <lei>N/A</lei>
        <title>AMERICAN HOME MORTGAGE INVESTM AHM 2006 1 11A1</title>
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        <identifiers>
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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>2046-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL RA4919 FR 03/51 FIXED 3</title>
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          <isin value="US3133KLPC53"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2006-HYB3</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2003-HYB1</name>
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        <title>COUNTRYWIDE HOME LOANS CWHL 2003 HYB1 1A1</title>
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          <isin value="US12669DC891"/>
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        <curCd>USD</curCd>
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        <debtSec>
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      <invstOrSec>
        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-5A</name>
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        <title>CONSUMER LOAN FINANCE ISSUER T CLFT 2023 5A B 144A</title>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31405HWD69"/>
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      <invstOrSec>
        <name>STRUCTURED ASSET INVST LN TR 2004-10</name>
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        <title>STRUCTURED ASSET INVESTMENT LO SAIL 2004 10 M2</title>
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      <invstOrSec>
        <name>GSAMP TRUST 2005-SD1</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2005 SD1 M2 144A</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS EUR 2.38000 12/31/24-10Y LCH</title>
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        <name>STRUCTURED ASSET INVST LN TR 2004-10</name>
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        <name>N/A</name>
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        <name>INDYMAC INDX MTGE LOAN TRUST 2006-AR33</name>
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        <name>N/A</name>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.33368</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>317U9GMA2 PIMCO SWAPTION 4.1 PUT USD 20250703</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZ78N9X8M3Y4"/>
        </identifiers>
        <balance>-206800000.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-124.080000</valUSD>
        <pctVal>-0.0000001</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
              <counterpartyLei>PBLD0EJDB5FWOLXP3B76</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
                    <counterpartyLei>PBLD0EJDB5FWOLXP3B76</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>RFR USD SOFR/4.10000 07/08/25-10Y LCH</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <isin value="EZ3TGCVLB6Y0"/>
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                    <balance>0.000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>0.000000</valUSD>
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                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
                    <invCountry>US</invCountry>
                  </derivAddlInfo>
                  <descRefInstrmnt>
                    <otherRefInst>
                      <issuerName>N/A</issuerName>
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                        <isin value="EZ3TGCVLB6Y0"/>
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                    </otherRefInst>
                  </descRefInstrmnt>
                  <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.100000"/>
                  <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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                  <pmntCurCd>USD</pmntCurCd>
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                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>N/A</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>N/A</shareNo>
            <exercisePrice>4.100000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-07-03</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>773307.920000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD PEN BOUGHT USD 20250910</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FEKBB5F9W"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="PEN" exchangeRt="3.549200"/>
        <valUSD>-483752.220000</valUSD>
        <pctVal>-0.000258</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank, National Association</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <amtCurSold>54907415.600000</amtCurSold>
            <curSold>PEN</curSold>
            <amtCurPur>14986466.400000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-09-10</settlementDt>
            <unrealizedAppr>-483752.220000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD PEN BOUGHT USD 20251202</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25ETKBB3S9M"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="PEN" exchangeRt="3.558300"/>
        <valUSD>-1203976.800000</valUSD>
        <pctVal>-0.0006421</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANCO SANTANDER S.A.</counterpartyName>
              <counterpartyLei>5493006QMFDDMYWIAM13</counterpartyLei>
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            <amtCurSold>182200000.000000</amtCurSold>
            <curSold>PEN</curSold>
            <amtCurPur>50000000.000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-12-02</settlementDt>
            <unrealizedAppr>-1203976.800000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSAMP TRUST 2005-HE5</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2005 HE5 M5</title>
        <cusip>362341ZF9</cusip>
        <identifiers>
          <isin value="US362341ZF97"/>
        </identifiers>
        <balance>4016000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3596271.780000</valUSD>
        <pctVal>0.0019178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37868</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>WASHINGTON MUTUAL 2004-AR13</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2004 AR13 A2B</title>
        <cusip>92922FB80</cusip>
        <identifiers>
          <isin value="US92922FB803"/>
        </identifiers>
        <balance>15480.530000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14744.570000</valUSD>
        <pctVal>0.0000079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.31368</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>WASHINGTON MUTUAL 2005-AR3</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR3 A2</title>
        <cusip>939336Z48</cusip>
        <identifiers>
          <isin value="US939336Z487"/>
        </identifiers>
        <balance>59994.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60344.980000</valUSD>
        <pctVal>0.0000322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.06363</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ1704 FN 12/47 FIXED 4</title>
        <cusip>3140H23N6</cusip>
        <identifiers>
          <isin value="US3140H23N61"/>
        </identifiers>
        <balance>1201894.160000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1138460.630000</valUSD>
        <pctVal>0.0006071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>MLCC MORTGAGE INVESTORS INC 2004-B</name>
        <lei>N/A</lei>
        <title>MLCC MORTGAGE INVESTORS INC MLCC 2004 B A3</title>
        <cusip>59020UBW4</cusip>
        <identifiers>
          <isin value="US59020UBW45"/>
        </identifiers>
        <balance>31577.400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29035.030000</valUSD>
        <pctVal>0.0000155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.36439</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE5068 FN 07/46 FIXED 4</title>
        <cusip>3140FQT23</cusip>
        <identifiers>
          <isin value="US3140FQT233"/>
        </identifiers>
        <balance>17852.080000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16975.780000</valUSD>
        <pctVal>0.0000091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>GSR MORTGAGE LOAN TRUST 2005-AR4</name>
        <lei>N/A</lei>
        <title>GSR MORTGAGE LOAN TRUST GSR 2005 AR4 2A1</title>
        <cusip>362341FH7</cusip>
        <identifiers>
          <isin value="US362341FH73"/>
        </identifiers>
        <balance>918597.310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>475000.790000</valUSD>
        <pctVal>0.0002533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.30478</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QF6934 FR 02/53 FIXED 5</title>
        <cusip>3133BUV38</cusip>
        <identifiers>
          <isin value="US3133BUV383"/>
        </identifiers>
        <balance>2165614.510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2136153.640000</valUSD>
        <pctVal>0.0011392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>ANCHORAGE CREDIT FUNDING 8 LTD 2019-8A</name>
        <lei>N/A</lei>
        <title>ANCHORAGE CREDIT FUNDING LTD. ANCHF 2019 8A A 144A</title>
        <cusip>03331XAA9</cusip>
        <identifiers>
          <isin value="US03331XAA90"/>
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        <balance>16877717.350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16714604.170000</valUSD>
        <pctVal>0.0089136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.43</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>MORGAN STANLEY RESECURITIZATION TRUST 2014-R8</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY REREMIC TRUST MSRR 2014 R8 3B2 144A</title>
        <cusip>61764KAP8</cusip>
        <identifiers>
          <isin value="US61764KAP84"/>
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        <balance>34622975.330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30313436.280000</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>2047-06-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.47329</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>SOLD ILS BOUGHT USD 20250902</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="24HEKBCBQ7X"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="ILS" exchangeRt="3.366100"/>
        <valUSD>-2594808.700000</valUSD>
        <pctVal>-0.0013838</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank, National Association</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <amtCurSold>89975100.000000</amtCurSold>
            <curSold>ILS</curSold>
            <amtCurPur>24134951.720000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-09-02</settlementDt>
            <unrealizedAppr>-2594808.700000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX HY43 5Y ICE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZ4J83TSRL27"/>
        </identifiers>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST 2024-4A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="24KHKBCBWVJ"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>UBS AG</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP 2007-WM1</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP. ACE 2007 WM1 A2B</title>
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        <identifiers>
          <isin value="US004424AC14"/>
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        <balance>27020262.740000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11087926.940000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2007-2</name>
        <lei>N/A</lei>
        <title>OPTION ONE MORTGAGE LOAN TRUST OOMLT 2007 2 1A1</title>
        <cusip>68401TAA6</cusip>
        <identifiers>
          <isin value="US68401TAA60"/>
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        <balance>25799819.310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17210411.890000</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>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.57368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA0133 FN 08/47 FIXED 4</title>
        <cusip>3140Q7EF0</cusip>
        <identifiers>
          <isin value="US3140Q7EF04"/>
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        <balance>2146264.080000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2033764.360000</valUSD>
        <pctVal>0.0010846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>N/A</name>
        <lei>N/A</lei>
        <title>IRS ZAR 8.54300 08/04/23-5Y CME</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZ0ZH48FN960"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.703700"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>SAFE South Africa Johannesburg Interbank Agreed Rate 3 Month</issueTitle>
                <identifiers>
                  <other otherDesc="Internal_ID" value="SWU01WQ32-SAFE South Africa Johannesburg Interbank Agreed Rate 3 Month"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="ZAR" fixedOrFloating="Fixed" fixedRt="8.543000"/>
            <floatingPmntDesc curCd="ZAR" fixedOrFloating="Floating" floatingRtIndex="SAFE South Africa Johannesburg Interbank Agreed Rate 3 Month" floatingRtSpread="0.000000" pmntAmt="0.000000">
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                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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            <pmntCurCd>ZAR</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>ZAR</rcptCurCd>
            <notionalAmt>674700000.000000</notionalAmt>
            <curCd>ZAR</curCd>
            <unrealizedAppr>857786.090000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN 2006-HY13</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 HY13 4A1</title>
        <cusip>02149DAN9</cusip>
        <identifiers>
          <isin value="US02149DAN93"/>
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        <balance>435198.050000</balance>
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        <curCd>USD</curCd>
        <valUSD>385972.930000</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>2037-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.81878</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>ABX.HE.AAA.07-1 SP GST</title>
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          <other otherDesc="Internal ID" value="SWPC208F4"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6721476.990000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>GOLDMAN SACHS INTERNATIONAL</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>ABX.HE.AAA.07-1</indexName>
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                <narrativeDesc>N/A</narrativeDesc>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.090000"/>
            <otherPmntDesc fixedOrFloating="Other">Single Leg Swap</otherPmntDesc>
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            <upfrontRcpt>-28408407.630000</upfrontRcpt>
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            <curCd>USD</curCd>
            <unrealizedAppr>21686930.640000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TRU 2005-CTX1</name>
        <lei>N/A</lei>
        <title>SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2005 CTX1 M5</title>
        <cusip>83611PBY6</cusip>
        <identifiers>
          <isin value="US83611PBY60"/>
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        <balance>3946000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3892596.410000</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>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</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>TRALEE CLO VI LTD 2019 6A</name>
        <lei>N/A</lei>
        <title>TRALEE CDO LTD TRAL 2019 6A A1RR 144A</title>
        <cusip>89289EBL7</cusip>
        <identifiers>
          <isin value="US89289EBL74"/>
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        <balance>13887743.800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13898300.850000</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>2032-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50177</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>GMAC COMMERCIAL MORTGAGE ASSET CORPORATION 2003 BRAG</name>
        <lei>N/A</lei>
        <title>GMAC COMMERCIAL MORTGAGE ASSET GMACN 2003 BRAG CERT 144A</title>
        <cusip>36185PAA3</cusip>
        <identifiers>
          <isin value="US36185PAA30"/>
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        <balance>4439345.120000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4242691.450000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>2993249.770000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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            <descRefInstrmnt>
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.650000"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2005-AR15</name>
        <lei>N/A</lei>
        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2005 AR15 A1</title>
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        <identifiers>
          <isin value="US45660LVL07"/>
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        <balance>1201441.410000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>989481.550000</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>
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          <couponKind>Floating</couponKind>
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          <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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BK3847 FN 04/48 FIXED 3.5</title>
        <cusip>3140HHHZ1</cusip>
        <identifiers>
          <isin value="US3140HHHZ17"/>
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        <balance>338160.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>308526.210000</valUSD>
        <pctVal>0.0001645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>ARMOR RE II LTD</name>
        <lei>549300X573KDIHEJL317</lei>
        <title>ARMOR RE II LTD SR UNSECURED 144A 05/31 VAR</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>CSMC TRUST 2018-RPL12</name>
        <lei>N/A</lei>
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          <isin value="US12655FAD15"/>
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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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          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET INVST LN TR 2006-4</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US073879G698"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.43868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BK5332 FN 07/48 FIXED 4</title>
        <cusip>3140HJ4S7</cusip>
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          <isin value="US3140HJ4S72"/>
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        <balance>136116.840000</balance>
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        <curCd>USD</curCd>
        <valUSD>127928.680000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2006-10</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2006 10 1A1</title>
        <cusip>126694Z76</cusip>
        <identifiers>
          <isin value="US126694Z763"/>
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        <balance>776849.280000</balance>
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        <curCd>USD</curCd>
        <valUSD>306472.090000</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>2036-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATURE COAST RE LTD</name>
        <lei>N/A</lei>
        <title>NATURE COAST RE LTD UNSECURED 144A 12/30 VAR</title>
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          <isin value="US63901CAA99"/>
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        <balance>22346000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22849902.300000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>14.2973</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2007-AR15</name>
        <lei>N/A</lei>
        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2007 AR15 2A1</title>
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          <isin value="US45669JAC99"/>
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        <balance>50634.860000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35831.440000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>SEC ASSET BACKED REC LLC 2006-NC3</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1270407.350000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2007-AMC2</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AMC2 A3B</title>
        <cusip>17311XAB1</cusip>
        <identifiers>
          <isin value="US17311XAB10"/>
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        <curCd>USD</curCd>
        <valUSD>44770344.230000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.79368</annualizedRt>
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        <securityLending>
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        <name>CITIGROUP MORTGAGE LOAN TRUST 2013-8</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2013 8 2A2 144A</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH1656 FN 04/47 FIXED 4</title>
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          <isin value="US3140GPZW19"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD PEN BOUGHT USD 20251119</title>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3738 FN 08/34 FIXED 3</title>
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          <isin value="US31418DEL29"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>BARROW FUNDING PLC 1A</name>
        <lei>N/A</lei>
        <title>BARROW FUNDING PLC 11/62 0</title>
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          <isin value="XS2755904443"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>STRUCTURED ASSET SEC CORP 2005-WF2</name>
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        <title>STRUCTURED ASSET SECURITIES CO SASC 2005 WF2 M4</title>
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          <isin value="US86359DDE40"/>
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        <balance>446855.650000</balance>
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        <curCd>USD</curCd>
        <valUSD>446145.370000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.33368</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>CREDIT SUISSE MORTGAGE CAP CERT 2007-1</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2007 1 5A4</title>
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        <identifiers>
          <isin value="US126378BC10"/>
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        <balance>1514492.840000</balance>
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        <curCd>USD</curCd>
        <valUSD>824396.310000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY HOME EQUITY LN 2006-3</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>JP MORGAN CHASE &amp; CO</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS GROUP AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MASTR ADJUSTABLE RT MTGE TRUST 2004-7</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>UMBS PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE</title>
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          <isin value="US01F0606750"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CSAB MORTGAGE BACKED TR 2007-1</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <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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      <invstOrSec>
        <name>DEUTSCHE ALT-A SEC INC MTGE LO 2006-AB3</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>MNSN HOLDINGS INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VENTURE XXVIII CLO LTD 2017-28A</name>
        <lei>N/A</lei>
        <title>VENTURE CDO LTD VENTR 2017 28A A1R 144A</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PARK PLACE SEC INC 2005-WHQ2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>AMERIQUEST MTGE SEC INC 2004-R11</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2004-17CB</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
              <counterpartyLei>PBLD0EJDB5FWOLXP3B76</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
                    <counterpartyLei>PBLD0EJDB5FWOLXP3B76</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>RFR USD SOFR/4.07700 07/02/25-10Y LCH</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <isin value="EZ8XN9Z2F6Z4"/>
                    </identifiers>
                    <balance>0.000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>0.000000</valUSD>
                    <pctVal>0.000000</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
                    <invCountry>US</invCountry>
                  </derivAddlInfo>
                  <descRefInstrmnt>
                    <otherRefInst>
                      <issuerName>N/A</issuerName>
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                      <identifiers>
                        <isin value="EZ8XN9Z2F6Z4"/>
                      </identifiers>
                    </otherRefInst>
                  </descRefInstrmnt>
                  <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.077000"/>
                  <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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                      <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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                  <upfrontRcpt>0.000000</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>N/A</notionalAmt>
                  <curCd>USD</curCd>
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              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>N/A</shareNo>
            <exercisePrice>4.080000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-06-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>313529.720000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD3682 FN 07/31 FIXED 3.5</title>
        <cusip>3140FBCU2</cusip>
        <identifiers>
          <isin value="US3140FBCU23"/>
        </identifiers>
        <balance>77555.230000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76079.000000</valUSD>
        <pctVal>0.0000406</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 889453 FN 04/28 FIXED VAR</title>
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          <isin value="US31410KE260"/>
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        <balance>12470.570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12423.860000</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>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO MORTGAGE BACKED SEC 2006-7</name>
        <lei>N/A</lei>
        <title>WELLS FARGO MORTGAGE BACKED SE WFMBS 2006 7 3A1</title>
        <cusip>94982XAE2</cusip>
        <identifiers>
          <isin value="US94982XAE22"/>
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        <balance>34268.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33798.040000</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>2036-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA MTGE SEC 2005-F</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 F 2A3</title>
        <cusip>05949CCB0</cusip>
        <identifiers>
          <isin value="US05949CCB00"/>
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        <balance>273119.790000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261743.480000</valUSD>
        <pctVal>0.0001396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.10717</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>DUTCH MORTGAGE FINANCE BV 2024-1</name>
        <lei>N/A</lei>
        <title>DUTCH MORTGAGE FINANCE DMFI 2024 1A D</title>
        <cusip>ACI2Q4LP6</cusip>
        <identifiers>
          <isin value="XS2859749843"/>
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        <balance>44327000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>52523274.990000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-08-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.16</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 889574 FN 08/37 FIXED VAR</title>
        <cusip>31410KJT2</cusip>
        <identifiers>
          <isin value="US31410KJT25"/>
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        <balance>387959.680000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>406910.920000</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>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEXICO GOVT</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX BONOS DESARR FIX RT BONDS 03/29 8.5</title>
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          <isin value="MX0MGO0001F1"/>
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        <currencyConditional curCd="MXN" exchangeRt="18.764500"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.5</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-3</name>
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        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2023 3 C</title>
        <cusip>80285XAE5</cusip>
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          <isin value="US80285XAE58"/>
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        <curCd>USD</curCd>
        <valUSD>111809555.000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2004-AC7</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>PRPM 2025-4 LLC</name>
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        <name>N/A</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>OWNIT MORTGAGE LN ASSET-BCK CERT 2006-3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WASHINGTON MUTUAL 2006-AR17</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DURHAM MORTGAGES 24-AA</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>HSI ASSET SEC CORP TRUST 2006-OPT2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ALESCO PREFERRED FUNDING LTD 14A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CHEVY CHASE MORTGAGE FUND CORP 2005-2A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>OWNIT MORTGAGE LN ASSET-BCK CERT 2006-7</name>
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        <name>COUNTRYWIDE HOME LOANS 2003-56</name>
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        <issuerCat>CORP</issuerCat>
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        <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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      </invstOrSec>
      <invstOrSec>
        <name>RIPON HOLDCO FINANCING SARL</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST 2012-3</name>
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        <name>CARVANA AUTO RECEIVABLES TRUST 2024-P4</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2022-RPL2</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NOVASTAR MORTGAGE-BACKED NOTES 2006-MTA1</name>
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        <title>NOVASTAR MORTGAGE BACKED NOTES NMFT 2006 MTA1 1A1</title>
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        <fairValLevel>2</fairValLevel>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <cusip>3140X46N1</cusip>
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          <isin value="US3140X46N15"/>
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        <balance>2884.230000</balance>
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        <curCd>USD</curCd>
        <valUSD>2797.490000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL RA8135 FR 10/52 FIXED 5.5</title>
        <cusip>3133KQBC9</cusip>
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          <isin value="US3133KQBC96"/>
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        <balance>22700.730000</balance>
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        <curCd>USD</curCd>
        <valUSD>22834.960000</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>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US36202FE696"/>
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        <curCd>USD</curCd>
        <valUSD>4434.610000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT SUISSE GROUP AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>CS AT1 CLAIMS US225401AK46 CREDIT SUISSE GROUP AG</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEWGATE FUNDING PLC 2007-3X</name>
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          <isin value="XS0332288058"/>
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        <issuerCat>CORP</issuerCat>
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        <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>
        <title>US 5YR NOTE (CBT) SEP25 XCBT 20250930</title>
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        <curCd>USD</curCd>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ0966 FN 11/47 FIXED 3.5</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL RB5019 FR 10/39 FIXED 4</title>
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        <balance>36275.680000</balance>
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        <curCd>USD</curCd>
        <valUSD>35657.110000</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>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>PACIFIC GAS AND ELECTRIC CO</name>
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        <title>PACIFIC GAS + ELECTRIC 1ST MORTGAGE 03/29 4.2</title>
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        <identifiers>
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        <balance>65400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63850135.100000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2007-AHL1</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AHL1 M1</title>
        <cusip>17311VAG4</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.80868</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>CITIGROUP MTGE LOAN TR INC 2004-OPT1</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2004 OPT1 M3</title>
        <cusip>17307GJK5</cusip>
        <identifiers>
          <isin value="US17307GJK58"/>
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        <balance>3796942.830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3693942.020000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.37868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CIFI HOLDINGS (GROUP) CO LTD</name>
        <lei>549300WGKSV867C0JF48</lei>
        <title>CIFI HOLDINGS GROUP COMPANY GUAR REGS 04/27 4.375</title>
        <cusip>ACI1TXLK2</cusip>
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          <isin value="XS2280431763"/>
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        <balance>3700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>346875.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECU 2005-TC1</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2005 TC1 M3</title>
        <cusip>073879VH8</cusip>
        <identifiers>
          <isin value="US073879VH84"/>
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        <balance>663249.200000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CB0711 FN 06/51 FIXED 1.5</title>
        <cusip>3140QKYH5</cusip>
        <identifiers>
          <isin value="US3140QKYH53"/>
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        <balance>164656.180000</balance>
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        <curCd>USD</curCd>
        <valUSD>124285.130000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG SR UNSECURED 144A 09/29 VAR</title>
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          <isin value="US225401BE76"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97086625.020000</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>2029-09-22</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2005-HE5</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP. ACE 2005 HE5 M5</title>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1432992.880000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.39368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.83000 10/12/23-30Y LCH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZ0R2CJ02B95"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-682095.150000</valUSD>
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      <invstOrSec>
        <name>CSMC SERIES 2014-2R</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO HOME EQUITY TRUST 2006-2</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2005-AR3</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>STANDARD CHARTERED BANK</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GSR MORTGAGE LOAN TRUST 2005-7F</name>
        <lei>N/A</lei>
        <title>GSR MORTGAGE LOAN TRUST GSR 2005 7F 4A1</title>
        <cusip>362341NF2</cusip>
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          <isin value="US362341NF26"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2002-AR19</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2002 AR19 A7</title>
        <cusip>929227ZT6</cusip>
        <identifiers>
          <isin value="US929227ZT62"/>
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        <balance>26044.660000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25428.250000</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>2033-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.66087</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2004-R1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2004 R1 1AF 144A</title>
        <cusip>12669F7J6</cusip>
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          <isin value="US12669F7J67"/>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>NOMURA ASSET ACCEPTANCE CORP 2003-A1</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.50000 06/21/23-3Y LCH</title>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3088 FN 08/47 FIXED 4</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>APEX CREDIT CLO 2024-1A LTD</name>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BK4187 FN 03/48 FIXED 3.5</title>
        <cusip>3140HHUM5</cusip>
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          <isin value="US3140HHUM56"/>
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        <curCd>USD</curCd>
        <valUSD>262104.170000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD7599 FN 10/46 FIXED 4</title>
        <cusip>3140FFNR8</cusip>
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          <isin value="US3140FFNR88"/>
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        <balance>14785.970000</balance>
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        <curCd>USD</curCd>
        <valUSD>13997.230000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOME EQUITY PASS-THRU CERTS 2006-2</name>
        <lei>N/A</lei>
        <title>HOME EQUITY ASSET TRUST HEAT 2006 2 M1 144A</title>
        <cusip>437084TB2</cusip>
        <identifiers>
          <isin value="US437084TB25"/>
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        <balance>14758017.240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15060425.250000</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>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT BASED ASSET SRVC &amp; SEC 2006-CB9</name>
        <lei>N/A</lei>
        <title>CREDIT BASED ASSET SERVICING A CBASS 2006 CB9 A4</title>
        <cusip>12465MAD6</cusip>
        <identifiers>
          <isin value="US12465MAD65"/>
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        <balance>5122187.630000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2326767.050000</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>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.89368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY2591 FN 10/53 FIXED 6</title>
        <cusip>3140NJ2Z6</cusip>
        <identifiers>
          <isin value="US3140NJ2Z65"/>
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        <balance>190320.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193670.580000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMPAC CMB TR 2004-5</name>
        <lei>N/A</lei>
        <title>IMPAC CMB TRUST IMM 2004 5 1M3</title>
        <cusip>45254NJM0</cusip>
        <identifiers>
          <isin value="US45254NJM02"/>
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        <balance>28494.550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28000.800000</valUSD>
        <pctVal>0.0000149</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ALT-A TRUST 2005-4</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ALT A TRUST BALTA 2005 4 23A2</title>
        <cusip>07386HSZ5</cusip>
        <identifiers>
          <isin value="US07386HSZ54"/>
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        <balance>91439.630000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87560.640000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.46733</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REACH ABS TRUST 2024-2A</name>
        <lei>N/A</lei>
        <title>REACH FINANCIAL LLC REACH 2024 2A A 144A</title>
        <cusip>75525HAA8</cusip>
        <identifiers>
          <isin value="US75525HAA86"/>
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        <balance>5368663.070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5382740.240000</valUSD>
        <pctVal>0.0028705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.88</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ3210 FN 12/47 FIXED 4</title>
        <cusip>3140H4R89</cusip>
        <identifiers>
          <isin value="US3140H4R896"/>
        </identifiers>
        <balance>42970.520000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40660.420000</valUSD>
        <pctVal>0.0000217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2006-AR2</name>
        <lei>N/A</lei>
        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2006 AR2 1A1A</title>
        <cusip>45661EAA2</cusip>
        <identifiers>
          <isin value="US45661EAA29"/>
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        <balance>4454279.670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4041199.570000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.87368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2006-NC3</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2006 NC3 A2D</title>
        <cusip>61744CZD1</cusip>
        <identifiers>
          <isin value="US61744CZD19"/>
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        <balance>4154422.830000</balance>
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        <curCd>USD</curCd>
        <valUSD>4072422.830000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL MTGE P/T 2007-OA3</name>
        <lei>N/A</lei>
        <title>WASHINGTON MUTUAL MORTGAGE PAS WMALT 2007 OA3 4A2</title>
        <cusip>939355BR3</cusip>
        <identifiers>
          <isin value="US939355BR32"/>
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        <curCd>USD</curCd>
        <valUSD>2494127.140000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II TBA 30 YR 2.5 JUMBOS</title>
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        <identifiers>
          <isin value="US21H0226892"/>
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        <curCd>USD</curCd>
        <valUSD>74650702.660000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLS AUTO SELECT RECEIVABLES TRUST 2024-1</name>
        <lei>N/A</lei>
        <title>GLS AUTO SELECT RECEIVABLES TR GSAR 2024 1A A2 144A</title>
        <cusip>37988XAB1</cusip>
        <identifiers>
          <isin value="US37988XAB10"/>
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        <balance>11761261.980000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11831836.610000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.24</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 567875 FN 09/30 FLOATING VAR</title>
        <cusip>31386M2G4</cusip>
        <identifiers>
          <isin value="US31386M2G44"/>
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        <balance>2028.600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2041.660000</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>Floating</couponKind>
          <annualizedRt>5.914</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>ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2007-HE1</name>
        <lei>N/A</lei>
        <title>ASSET BACKED SECURITIES CORP H ABSHE 2007 HE1 A5</title>
        <cusip>04544RAD7</cusip>
        <identifiers>
          <isin value="US04544RAD70"/>
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        <balance>8431000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7743887.830000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.87368</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>RESIDENTIAL ASSET MTGE PROD 2005-EFC5</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 EFC5 M5</title>
        <cusip>76112BH86</cusip>
        <identifiers>
          <isin value="US76112BH864"/>
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        <balance>700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>611345.560000</valUSD>
        <pctVal>0.000326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>NATWEST GROUP PLC</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA PASS THRU POOLS</name>
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        <debtSec>
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        <name>ARGENT SECURITIES INC 2006-M3</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>AMORTIZING RESIDENTIAL COLLATERAL TRUST 2001-BC5</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONSTAR HOME EQUITY LOAN TR 2006-B</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDIT SUISSE MORTGAGE TRUST 2014-11R</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STRUCTURED ASSET SECURITIES CORP 2006-BC1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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        <securityLending>
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        <name>FHLMC PASS THRU POOLS</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>ROMARK CREDIT FUNDING I LTD 2020-1A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE HOME LOANS 2005-2</name>
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        <name>STRUCTURED ASSET INVST LN TR 2004-5</name>
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        <name>CHEVY CHASE MORTGAGE FUND CORP 2005-2A</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP5</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2021 RP5 B 144A</title>
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        <name>OBX 2024-HYB1 TRUST</name>
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        <name>ENT AUTO RECEIVABLES TRUST 2023-1A</name>
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        <name>FINANCE AMERICA MORTGAGE LOAN TR 2003-1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP 2018-SP1</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H17</name>
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        <name>N/A</name>
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        <name>WELLS FARGO MORTGAGE BACKED SEC 2006-7</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>GSAA HOME EQUITY TRUST 2007-1</name>
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        <title>GSAA HOME EQUITY TRUST GSAA 2007 1 1A2</title>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET MTGE INVEST 2006-AR6</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET MORTGAGE INVE SAMI 2006 AR6 1A1</title>
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          <isin value="US86360UAA43"/>
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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>
      <invstOrSec>
        <name>RUSSIAN GOVT</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA POOL 480325 GN 07/28 FIXED 6.1</title>
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        <identifiers>
          <isin value="US36209SSN26"/>
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        <balance>12452.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12580.460000</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>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUND CORP 2006-5</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2006 5 1A4</title>
        <cusip>05950NAD0</cusip>
        <identifiers>
          <isin value="US05950NAD03"/>
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        <balance>1434568.990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1235212.820000</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>2036-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2014-2RA</name>
        <lei>N/A</lei>
        <title>CARLYLE GLOBAL MARKET STRATEGI CGMS 2014 2RA A1 144A</title>
        <cusip>14314LAC9</cusip>
        <identifiers>
          <isin value="US14314LAC90"/>
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        <balance>2472424.640000</balance>
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        <curCd>USD</curCd>
        <valUSD>2474361.410000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>WARWICK FINANCE RESIDENTIAL MORTGAGES 3A</name>
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        <title>WARWICK FINANCE RESIDENTIAL MO WARW 3A RRC 144A</title>
        <cusip>ACI0YB0R4</cusip>
        <identifiers>
          <isin value="XS1697546080"/>
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        <balance>3579.000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MLCC MORTGAGE INVESTORS INC. 2003-C</name>
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          <isin value="US589929S412"/>
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        <balance>265469.370000</balance>
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        <curCd>USD</curCd>
        <valUSD>248090.710000</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>2028-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDA MORTGAGE LOAN TR 2007-AR7</name>
        <lei>N/A</lei>
        <title>INDYMAC INDA MORTGAGE LOAN TRU INDA 2007 AR7 1A1</title>
        <cusip>45670NAA1</cusip>
        <identifiers>
          <isin value="US45670NAA19"/>
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        <balance>5919967.910000</balance>
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        <curCd>USD</curCd>
        <valUSD>4898220.520000</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>2037-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.50045</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH2718 FN 05/47 FIXED 4</title>
        <cusip>3140GRAU8</cusip>
        <identifiers>
          <isin value="US3140GRAU83"/>
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        <balance>31955.500000</balance>
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        <curCd>USD</curCd>
        <valUSD>30278.840000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2015-11</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2015 11 1A2 144A</title>
        <cusip>17324LAB2</cusip>
        <identifiers>
          <isin value="US17324LAB27"/>
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        <balance>6502036.100000</balance>
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        <curCd>USD</curCd>
        <valUSD>6334429.860000</valUSD>
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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>
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        <securityLending>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZS0503 FR 06/30 FIXED 6.5</title>
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        <identifiers>
          <isin value="US3132A0RY46"/>
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        <curCd>USD</curCd>
        <valUSD>385.810000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FANNIE MAE REMICS 2006-113</name>
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          <isin value="US31396LZ520"/>
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        <curCd>USD</curCd>
        <valUSD>12759.450000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BIOCEANICO SOVEREIGN CERTIFICATE LIMITED</name>
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          <isin value="USG11176AA54"/>
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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>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AL9419 FN 07/31 FIXED VAR</title>
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          <isin value="US3138ERPD67"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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      <invstOrSec>
        <name>STRUCTURED ADJUSTABLE RATE MTG LN 2004-4</name>
        <lei>N/A</lei>
        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2004 4 3A5</title>
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          <isin value="US86359BNX54"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BK0723 FN 02/48 FIXED 4</title>
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          <isin value="US3140HDYV06"/>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BN0846 FN 10/48 FIXED 4</title>
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          <isin value="US3140JG5G69"/>
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        <balance>20380.300000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</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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          <other otherDesc="Internal ID" value="25FSKBBNJWX"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>SOCIETE GENERALE</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BA7007 FN 02/46 FIXED 4.5</title>
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          <isin value="US3140EBYD78"/>
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        <curCd>USD</curCd>
        <valUSD>64303.790000</valUSD>
        <pctVal>0.0000343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA3640 FN 06/49 FIXED 4</title>
        <cusip>3140QBBJ6</cusip>
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          <isin value="US3140QBBJ67"/>
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        <balance>180376.440000</balance>
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        <curCd>USD</curCd>
        <valUSD>170200.850000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA0072 FN 05/29 FIXED 4</title>
        <cusip>31417YCJ4</cusip>
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          <isin value="US31417YCJ47"/>
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        <curCd>USD</curCd>
        <valUSD>26838.140000</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>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2003-AC7</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2003 AC7 A2</title>
        <cusip>07384YPJ9</cusip>
        <identifiers>
          <isin value="US07384YPJ90"/>
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        <curCd>USD</curCd>
        <valUSD>2464786.490000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.75</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2007-WF2</name>
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        <title>STRUCTURED ASSET SECURITIES CO SASC 2007 WF2 M1 144A</title>
        <cusip>86364LAE2</cusip>
        <identifiers>
          <isin value="US86364LAE20"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <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>SOLD SGD BOUGHT USD 20250805</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="25FPKBBL1D6"/>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q15843 FG 02/43 FIXED 3</title>
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          <isin value="US3132J65D29"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH5155 FN 09/47 FIXED 3.5</title>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>UNITED STATES GOVT</name>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC TRUST 2007-A2</name>
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          <isin value="US761120AF13"/>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TR 2006-9</name>
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        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 9 2A3</title>
        <cusip>54251WAD4</cusip>
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          <isin value="US54251WAD48"/>
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        <balance>47294876.220000</balance>
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        <curCd>USD</curCd>
        <valUSD>14703466.230000</valUSD>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-14</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2006 14 2A3</title>
        <cusip>23243LAD4</cusip>
        <identifiers>
          <isin value="US23243LAD47"/>
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        <curCd>USD</curCd>
        <valUSD>4814737.300000</valUSD>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QF8222 FR 02/53 FIXED 6.5</title>
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        <identifiers>
          <isin value="US3133BWD346"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>COUNTRYWIDE HOME LOANS 2007-11</name>
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        <name>N/A</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>SPECIALTY UNDERWRITING &amp; RESID 2007-AB1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FOUNDATION FINANCE TRUST 2025-2A</name>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO HOME EQUITY TRUST 2007-1</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2007-OA7</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FCCU AUTO RECEIVABLES TRUST 2024-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>BCAP LLC TRUST 2010-RR1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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        <name>VENTURE GLOBAL LNG INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RNHB BV</name>
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        <fairValLevel>3</fairValLevel>
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        <name>ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST 2006-HE2</name>
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        <name>AQFIT 2025-1</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST 2010-4</name>
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        <name>PETROLEOS MEXICANOS (PEMEX)</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP 2005-AG1</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FHF ISSUER TRUST 2024-1A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CMLTI 2005-HE4</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 HE4 M3</title>
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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 PASS THRU POOLS</name>
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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>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZN4642 FR 12/48 FIXED 3.5</title>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA0347 FN 06/47 FIXED 4.5</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PRETIUM MORTGAGE CREDIT PARTNERS LLC 2024-RPL1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>INDYMAC INDX MORTGAGE LOAN TR 2006-AR5</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2007-FS1</name>
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      <invstOrSec>
        <name>INTEGRITY RE III LTD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>LEGACY MORTGAGE ASSET TRUST 2017-RPL2</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>PROJECT PANAMA SPV LIMITED LIABILITY CO</name>
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        <fairValLevel>3</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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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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        <securityLending>
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      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TR 2006-6</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 6 1A</title>
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        <balance>12022630.510000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>37 CAPITAL CLO II 2022-1A</name>
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        <title>37 CAPITAL CLO LTD PUTNM 2022 1A A1R 144A</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TARANIS REINSURANCE DESIGNATED ACTIVITY COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>FIRST FRANKLIN MTG LOAN 2006-FF12</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH9323 FN 09/47 FIXED 4</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.72136 03/01/24-7Y* LCH</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ARES XLV CLO LTD 2017-45A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PEOPLE'S CHOICE HOME LOAN SECURITIES TRUST SERIES 2004-2</name>
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        <name>UBS GROUP AG</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>RESIDENTIAL ASSET MTGE PROD 2005-EFC6</name>
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          <isin value="US76112BK587"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERIQUEST MORTGAGE SEC 2006-R1</name>
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        <name>TURKEY GOVT</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US31418AW951"/>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>WELLS FARGO MTGE BK SEC TR 2006-AR11</name>
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        <title>WELLS FARGO MORTGAGE BACKED SE WFMBS 2006 AR11 A1</title>
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          <isin value="US94984CAA45"/>
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        <name>FANNIE MAE WHOLE LOAN</name>
        <lei>N/A</lei>
        <title>FANNIEMAE WHOLE LOAN FNW 1998 W2 A8</title>
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          <isin value="US31359UPD18"/>
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        <issuerCat>USGSE</issuerCat>
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        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2005-4</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2005 4 2A3</title>
        <cusip>07387ABP9</cusip>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS7037 FN 04/46 FIXED 4.5</title>
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        <balance>92931.100000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2020 RP2</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-09-25</maturityDt>
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          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CHASE MORGAGE FINANCE CORP 2005-A1</name>
        <lei>N/A</lei>
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          <isin value="US16162WPB99"/>
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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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          <maturityDt>2035-12-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>BANK OF AMERICA MTGE SEC 2005-H</name>
        <lei>N/A</lei>
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          <isin value="US05949CFW10"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRPL-2024-RPL2</name>
        <lei>N/A</lei>
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          <isin value="US62956GAL23"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US31418CMF85"/>
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        <name>WELLFLEET CLO 2021-1 LTD</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>MORGAN STANLEY ABS CAPITAL I 2006-HE8</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>DIAMOND INFRASTRUCTURE FUNDING LLC 2021 1A</name>
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        <name>NEUBERGER BERMAN LOAN ADVISERS CLO 45 LTD 2021-45A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UNITED STATES GOVT</name>
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        <name>N/A</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-82</name>
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        <name>AVOLON TLB BORROWER 1 (US) LLC</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2004-J8</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2004 J8 2A1</title>
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        <name>FREDDIE MAC REMICS 4851</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BCAP LLC TRUST 2009-RR4</name>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC TR 2003-A10</name>
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          <isin value="US45660NUG86"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>DEUTSCHE ALT-A SEC INC MTGE LO 2006-OA1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UNITED AIRLINES 2018-1 CLASS AA PASS THROUGH TRUST</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-OH1</name>
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        <name>MERRILL LYNCH MORTGAGE INVESTOR 2005-HE1</name>
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        <name>ILLINOIS ST</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>ACE SECURITIES CORP 2007-HE1</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC TRUST 2005-A9</name>
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        <name>ACHV ABS TRUST 2024-3AL</name>
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          <isin value="US00092KAA25"/>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-23</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2006 23 1A</title>
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      </invstOrSec>
      <invstOrSec>
        <name>ABFC 2004-AHL1 TRUST</name>
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      <invstOrSec>
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        <name>ROMANIA GOVT</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>LCM 31 LTD</name>
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        <name>COLLEGE AVE STUDENT LOANS LLC 2023-B</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MDPK-2021-39A</name>
        <lei>N/A</lei>
        <title>MADISON PARK FUNDING LTD MDPK 2021 39A AR 144A</title>
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          <isin value="US55821LAJ35"/>
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        <curCd>USD</curCd>
        <valUSD>10215198.000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.52238</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HILTON USA TRUST 2016-SFP</name>
        <lei>N/A</lei>
        <title>HILTON USA TRUST HILT 2016 SFP A 144A</title>
        <cusip>43289VAA1</cusip>
        <identifiers>
          <isin value="US43289VAA17"/>
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        <balance>71800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61063063.900000</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>2035-11-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.82844</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-3CB</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 3CB 1A13</title>
        <cusip>12667FY33</cusip>
        <identifiers>
          <isin value="US12667FY332"/>
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        <balance>2761372.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2465701.950000</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>2035-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25FSKBB4X2W"/>
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        <balance>1.000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD CNH BOUGHT USD 20250820</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FFKBB4GX3"/>
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        <currencyConditional curCd="CNY" exchangeRt="7.131300"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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            <amtCurSold>813907338.860000</amtCurSold>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET INVST LN TR 2006-3</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET INVESTMENT LO SAIL 2006 3 A2</title>
        <cusip>863587AB7</cusip>
        <identifiers>
          <isin value="US863587AB74"/>
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        <balance>8979902.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8768360.520000</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>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</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>WARWICK FINANCE RESIDENTIAL MORTGAGES 3A</name>
        <lei>N/A</lei>
        <title>WARWICK FINANCE RESIDENTIAL MO WARW 3A E 144A</title>
        <cusip>ACI0Y9JP3</cusip>
        <identifiers>
          <isin value="XS1697706890"/>
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        <balance>13146000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <pctVal>0.0094921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.36986</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BK1027 FN 03/48 FIXED 3.5</title>
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          <isin value="US3140HED908"/>
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        <curCd>USD</curCd>
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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>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT MXN SOLD USD 20250917</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FDKBBW5ZZ"/>
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        <balance>1.000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AD7726 FN 07/25 FIXED 4</title>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>OBX 2023-NQM4 TRUST</name>
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        <title>ONSLOW BAY FINANCIAL LLC OBX 2023 NQM4 A1 144A</title>
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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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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX IG38 5Y ICE</title>
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          <isin value="EZG3MM4J6J03"/>
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      <invstOrSec>
        <name>WELLS FARGO HOME EQUITY TRUST 2005-3</name>
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        <title>WELLS FARGO HOME EQUITY TRUST WFHET 2005 3 M7</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA8044 G2 05/52 FIXED 3.5</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QG2167 FR 04/53 FIXED 5</title>
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          <isin value="US3133C2MQ84"/>
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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>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>BANC OF AMERICA FUNDING CORP 2005-B</name>
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        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2005 B 3M2</title>
        <cusip>05946XSH7</cusip>
        <identifiers>
          <isin value="US05946XSH79"/>
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        <balance>7895328.680000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7046689.010000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <name>PROGRESS RESIDENTIAL 2021-SFR9 TRUST</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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                <issuerName>N/A</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARK PLACE SEC INC 2005-WHQ1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TOWD POINT MORTGAGE TRUST 2024-CES3</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>FREMONT HOME LOAN TRUST 2004-3</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>LEGACY MORTGAGE ASSET TRUST 2024-INV1</name>
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        <name>FNMA PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NOMURA RESECURITIZATION TRUST 2015-8R</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRY GARDEN HOLDINGS COMPANY LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDYMAC INDX MTGE LOAN TRUST 2005-AR12</name>
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          <isin value="US45660LMF30"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>STRUCTURED ASSET SECURITIES CORP 2006-GEL3</name>
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          <isin value="US86360XAD21"/>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>RIPON MORTGAGES PLC 1RA</name>
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          <isin value="XS2433823270"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2007-10</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>MORGAN STANLEY MORTGAGE TRUST 2004-4</name>
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        <title>MORGAN STANLEY MORTGAGE LOAN T MSM 2004 4 2A</title>
        <cusip>61748HDQ1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>VERUS SECURITIZATION TRUST 2023-4</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-2A</name>
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        <title>CONSUMER LOAN FINANCE ISSUER T CLFT 2023 2A D 144A</title>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="25FRKBCFNW7"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      </invstOrSec>
      <invstOrSec>
        <name>FIELDSTONE MTGE INVESTMENT CORP 2005-1</name>
        <lei>N/A</lei>
        <title>FIELDSTONE MORTGAGE INVESTMENT FMIC 2005 1 M6</title>
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          <isin value="US31659TDF93"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SEQUOIA MORTGAGE TRUST 2007-1</name>
        <lei>N/A</lei>
        <title>SEQUOIA MORTGAGE TRUST SEMT 2007 1 4A1</title>
        <cusip>81744HAH6</cusip>
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          <isin value="US81744HAH66"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD ZAR BOUGHT USD 20250723</title>
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          <other otherDesc="Internal ID" value="25FLKBBRP5B"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      </invstOrSec>
      <invstOrSec>
        <name>GREENPOINT MTGE FUNDING TR 2005-AR3</name>
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        <title>GREENPOINT MORTGAGE FUNDING TR GPMF 2005 AR3 1A1</title>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 849058 FN 01/36 FIXED 6</title>
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          <isin value="US31408EJB92"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSMC 2021-RPL6 TRUST</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2021 RPL6 A1 144A</title>
        <cusip>12657GAA3</cusip>
        <identifiers>
          <isin value="US12657GAA31"/>
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        <balance>21588248.690000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19539109.390000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY1036 FN 04/53 FIXED 5</title>
        <cusip>3140NHEJ3</cusip>
        <identifiers>
          <isin value="US3140NHEJ38"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2007-NC1</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2007 NC1 A2C</title>
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        <curCd>USD</curCd>
        <valUSD>1169586.220000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>RMAC SECURITIES PLC 2007-NS1X</name>
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        <title>RMAC SECURITIES PLC RMACS 2007 NS1X A2A REGS</title>
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          <isin value="XS0307493162"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT JPY SOLD USD 20250804</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="25FQKBBQ106"/>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA MTGE SEC 2003-J</name>
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        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2003 J 1A1</title>
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          <isin value="US05948XXW63"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AW5722 FN 09/44 FIXED 4</title>
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          <isin value="US3138XVLC22"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>CARRINGTON MORTGAGE LN TR 2005-OPT2</name>
        <lei>N/A</lei>
        <title>CARRINGTON MORTGAGE LOAN TRUST CARR 2005 OPT2 M5</title>
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          <isin value="US144531CN88"/>
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        <balance>3838030.350000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.48368</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2004-HE7</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2004 HE7 M1</title>
        <cusip>61744CGD2</cusip>
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          <isin value="US61744CGD20"/>
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        <balance>10016863.700000</balance>
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        <curCd>USD</curCd>
        <valUSD>10297075.450000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.33368</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>ACE SECURITIES CORP 2007-WM1</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP. ACE 2007 WM1 A2A</title>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDYMAC INDX MTGE LOAN TRUST 2004-AR7</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>AVON FINANCE NO 3 PLC 3A</name>
        <lei>N/A</lei>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>MASTR ASSET SECURIZATION TR 2007-3</name>
        <lei>N/A</lei>
        <title>MASTR ADJUSTABLE RATE MORTGAGE MARM 2007 3 22A5</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>BRITISH AIRWAYS 2019-1 CLASS AA PASS THROUGH TRUST</name>
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        <name>FANNIE MAE 2004-11</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>ADJUSTABLE RATE MORTAGE TRUST 2005-10</name>
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        <name>EFMT 2025-CES1</name>
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        <name>GS MORTGAGE SECURITIES CORP II 2011-GC5</name>
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        <title>GS MORTGAGE SECURITIES TRUST GSMS 2011 GC5 XA 144A</title>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2007-5</name>
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      <invstOrSec>
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        <name>N/A</name>
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        <name>MDPK-2016-24A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>PETROLEOS MEXICANOS (PEMEX)</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>EAST LANE RE VII LTD</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>STRUCTURED ASSET INVST LN TR 2005-9</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>BANC OF AMERICA ALT LOAN TRUST 2005-11</name>
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        <title>BANC OF AMERICA ALTERNATIVE LO BOAA 2005 11 1CB4</title>
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          <isin value="US05948KU721"/>
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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>Fixed</couponKind>
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      </invstOrSec>
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        <title>GSR MORTGAGE LOAN TRUST GSR 2005 AR6 4A1</title>
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          <isin value="US362341SB66"/>
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        <assetCat>ABS-MBS</assetCat>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CSMC 2021-RPL5 TRUST</name>
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        <name>KENNEDY WILSON EUROPE REAL ESTATE LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BANK OF AMERICA MTGE SECURITIES 2004-4</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BM5261 FN 01/48 FIXED VAR</title>
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        <name>COUNTRYWIDE ASSET BACKED CERTIFICATES 2007-BC3</name>
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          <isin value="US23246LAE92"/>
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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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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2005-WF2</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2005 WF2 M7</title>
        <cusip>86359DDH7</cusip>
        <identifiers>
          <isin value="US86359DDH70"/>
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        <balance>35411.800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34681.110000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.08368</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>INDYMAC INDX MORTGAGE LOAN TR 2005-AR25</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>NISSAN MOTOR CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2024-RPL1</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-40T1</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2006-EC1</name>
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      <invstOrSec>
        <name>FREDDIE MAC 3135</name>
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        <name>INVESCO EURO CLO III DAC 3A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>INTELSAT SA</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>GROSVENOR SQUARE RMBS 2023-1A PLC</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>IMPAC CMB TR 2004-4</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PROTEUS RMBS DAC 1A</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>WAMU ASSET-BACKED CERTIFICATES 2007-HE3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2006-AF1</name>
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        <name>N/A</name>
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        <name>CITIGROUP MORTGAGE LOAN TR 2004-HYB4</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>FIRST HORIZON MTGE PASS-THRU TR 2005-AR4</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL G08774 FG 08/47 FIXED 3.5</title>
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        <name>VERUS SECURITIZATION TRUST 2023-INV3</name>
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        <name>MLCC MORTGAGE INVESTORS INC 2004-E</name>
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        <title>MLCC MORTGAGE INVESTORS INC MLCC 2004 E A2A</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS9580 FN 04/47 FIXED 3.5</title>
        <cusip>3138WKUE3</cusip>
        <identifiers>
          <isin value="US3138WKUE31"/>
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        <balance>673459.310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>626276.110000</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>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE 2010-16</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2010 16 EZ</title>
        <cusip>31398MSG2</cusip>
        <identifiers>
          <isin value="US31398MSG23"/>
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        <balance>416484.600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414719.080000</valUSD>
        <pctVal>0.0002212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>GSAMP TRUST 2007-SEA1</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2007 SEA1 A 144A</title>
        <cusip>3622MLAA5</cusip>
        <identifiers>
          <isin value="US3622MLAA58"/>
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        <balance>397088.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>393981.420000</valUSD>
        <pctVal>0.0002101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</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>GSR MTGE LOAN TRUST 2003-2F</name>
        <lei>N/A</lei>
        <title>GSR MORTGAGE LOAN TRUST GSR 2003 2F 1A1</title>
        <cusip>36228FMM5</cusip>
        <identifiers>
          <isin value="US36228FMM58"/>
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        <balance>37947.570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37666.060000</valUSD>
        <pctVal>0.0000201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</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>SPECIALTY UNDERWRITING &amp; RESIDENTIAL FINANCE TRUST SERIES 2007-BC2</name>
        <lei>N/A</lei>
        <title>SPECIALTY UNDERWRITING + RESID SURF 2007 BC2 A2C</title>
        <cusip>84752EAD5</cusip>
        <identifiers>
          <isin value="US84752EAD58"/>
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        <balance>2165739.590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1593834.900000</valUSD>
        <pctVal>0.00085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.70368</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>HARBORVIEW MORTGAGE LOAN TR 2004-8</name>
        <lei>N/A</lei>
        <title>HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2004 8 3A2</title>
        <cusip>41161PHF3</cusip>
        <identifiers>
          <isin value="US41161PHF36"/>
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        <balance>26459.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20701.990000</valUSD>
        <pctVal>0.000011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-19</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT NZD SOLD USD 20250702</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FBKBBP55B"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="NZD" exchangeRt="1.640600"/>
        <valUSD>16932.780000</valUSD>
        <pctVal>0.000009</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <unrealizedAppr>16932.780000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2006-HE4</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP. ACE 2006 HE4 A1</title>
        <cusip>00442BAA9</cusip>
        <identifiers>
          <isin value="US00442BAA98"/>
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        <balance>39895936.940000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19103818.320000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS EUR 1.75000 09/21/22-5Y LCH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZP1HDP1WK86"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2007-QS1</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS1 1A4</title>
        <cusip>74922KAD7</cusip>
        <identifiers>
          <isin value="US74922KAD72"/>
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        <balance>65587.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52293.930000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS3467 FN 10/44 FIXED 4</title>
        <cusip>3138WCZ97</cusip>
        <identifiers>
          <isin value="US3138WCZ973"/>
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        <balance>3083.590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2935.390000</valUSD>
        <pctVal>0.0000016</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>BEAR STEARNS  STRUC PROD INC 2007-EM</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS STRUCTURED PRODUC BSSP 2007 EMX1 M1 144A</title>
        <cusip>07402LAC6</cusip>
        <identifiers>
          <isin value="US07402LAC63"/>
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        <curCd>USD</curCd>
        <valUSD>1696406.120000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.43368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICG US CLO LTD 2021-1A</name>
        <lei>N/A</lei>
        <title>ICG US CLO LTD ICG 2021 1A A1R 144A</title>
        <cusip>449303AL0</cusip>
        <identifiers>
          <isin value="US449303AL08"/>
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        <balance>12100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12104216.000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-17</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CB4843 FN 10/52 FIXED 5.5</title>
        <cusip>3140QQLZ6</cusip>
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          <isin value="US3140QQLZ68"/>
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        <balance>108460.550000</balance>
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        <curCd>USD</curCd>
        <valUSD>109059.810000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT GBP SOLD USD 20250702</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FPKBBNZ1T"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank, National Association</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFRF USD SF+26.161/0.75 06/16/21-10Y LCH</title>
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        <identifiers>
          <isin value="EZ10BFD1R0N4"/>
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        <curCd>USD</curCd>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-14</name>
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      <invstOrSec>
        <name>UMBS PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>STRUCTURED ASSET SEC CORP 2007-MN1A</name>
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        <name>WASHINGTON MUTUAL 2005-AR2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2023-RPL1</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <name>COUNTRYWIDE HOME LOANS 2007-1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FIRST HORIZON ALT MTG SEC 2006-FA6</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US31419KU523"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY0053 FN 05/53 FIXED 4.5</title>
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          <isin value="US3140NGBX75"/>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-15</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 15 A8</title>
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          <isin value="US12669GR454"/>
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        <balance>1146040.740000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>PRETIUM MORTGAGE CREDIT PARTNERS LLC 2025-RPL1</name>
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          <isin value="US69392FAA57"/>
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          <couponKind>Fixed</couponKind>
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        <name>NRPL-2024-RPL1</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>ARMOR RE II LTD</name>
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          <isin value="US04227FAF27"/>
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        <name>RESIDENTIAL FUNDING MORTGAGE SECURITIES 2006-S9</name>
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        <title>RESIDENTIAL FUNDING MTG SEC I RFMSI 2006 S9 A3</title>
        <cusip>749577AC6</cusip>
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          <isin value="US749577AC68"/>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-1A</name>
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        <title>NEW RESIDENTIAL MORTGAGE LOAN NRZT 2017 1A B2 144A</title>
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        <name>DATABRICKS INC</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AS9665 FN 05/47 FIXED 4</title>
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        <name>MERRILL LYNCH MTGE INVESTORS 2003-A5</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>UNITED STATES GOVT</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>COUNTRYWIDE HOME LOANS 2004-7</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140X4RR95"/>
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        <balance>45352.400000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3</annualizedRt>
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        <name>WASHINGTON MUTUAL 2006-AR18</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TR 2006-AR12</name>
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        <cusip>45661VAA4</cusip>
        <identifiers>
          <isin value="US45661VAA44"/>
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        <balance>5688578.460000</balance>
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        <curCd>USD</curCd>
        <valUSD>5129134.640000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>CHARLES RIVER RE LTD</name>
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          <isin value="US159873AA63"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL RA8274 FR 12/52 FIXED 6.5</title>
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        <name>CITIMORTGAGE ALTERNATIVE LOAN TR 2006-A3</name>
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          <couponKind>Fixed</couponKind>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-4A</name>
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        <title>CONSUMER LOAN FINANCE ISSUER T CLFT 2023 4A A1 144A</title>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FIELDSTONE MORTGAGE INVESTMENT TRUST SERIES 2006-1</name>
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        <title>FIELDSTONE MORTGAGE INVESTMENT FMIC 2006 1 A2</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2025-PRL2</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TR 2007-WMC1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-70CB</name>
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        <name>BANC OF AMERICA FUNDING 2015-R1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE HOME LOANS 2003-49</name>
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        <name>AAMES MORTGAGE INVESTMENT TRUST 2004-1</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOANTR 2006-OC2</name>
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        <name>CREDIT SUISSE MORTGAGE CAP CERT 2009-13R</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RPL7</name>
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          <isin value="US12597AAA97"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.58600 08/19/24-10Y LCH</title>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-16</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 16 A20</title>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>BAT CAPITAL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STRUCTURED ASSET INVEST LN TR 2003-BC7</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-14</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2005 14 M4</title>
        <cusip>126670LS5</cusip>
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          <isin value="US126670LS56"/>
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        <balance>11299999.990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11000311.560000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.52868</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2004-S2</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2004 S2 6A1</title>
        <cusip>466247KA0</cusip>
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          <isin value="US466247KA02"/>
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        <balance>1412549.390000</balance>
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        <curCd>USD</curCd>
        <valUSD>980892.380000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>N/A</name>
        <lei>N/A</lei>
        <title>SOLD CNH BOUGHT USD 20250716</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25BNKBB6K4X"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CNY" exchangeRt="7.150400"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD0946 FN 06/46 FIXED 4</title>
        <cusip>3140F8BQ9</cusip>
        <identifiers>
          <isin value="US3140F8BQ97"/>
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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>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS5386 FN 07/45 FIXED 4</title>
        <cusip>3138WE6Y0</cusip>
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          <isin value="US3138WE6Y01"/>
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        <balance>56580.020000</balance>
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        <curCd>USD</curCd>
        <valUSD>53703.030000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE 2006-95</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2006 95 SH</title>
        <cusip>31396K4L3</cusip>
        <identifiers>
          <isin value="US31396K4L30"/>
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        <balance>640755.500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63147.100000</valUSD>
        <pctVal>0.0000337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.13035</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2004-SD3</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2004 SD3 A1 144A</title>
        <cusip>126673FJ6</cusip>
        <identifiers>
          <isin value="US126673FJ60"/>
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        <balance>184509.810000</balance>
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        <curCd>USD</curCd>
        <valUSD>179618.900000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.33368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2005-J10</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 J10 1A15</title>
        <cusip>12668ABM6</cusip>
        <identifiers>
          <isin value="US12668ABM62"/>
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        <balance>844828.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545456.090000</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>2035-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>SOLD EUR BOUGHT USD 20250724</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FMKBBRHR4"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.847700"/>
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        <pctVal>-0.0000013</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INVS 2006-FF1</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 FF1 B3 144A</title>
        <cusip>59023WAS7</cusip>
        <identifiers>
          <isin value="US59023WAS70"/>
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        <balance>1352902.640000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.55868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS7801 FN 08/46 FIXED 3.5</title>
        <cusip>3138WHU34</cusip>
        <identifiers>
          <isin value="US3138WHU346"/>
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        <balance>4502.710000</balance>
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        <curCd>USD</curCd>
        <valUSD>4153.730000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <name>JP MORGAN MTGE ACQUIS CORP 2007-CH2</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE ACQUISITION JPMAC 2007 CH2 AF3</title>
        <cusip>46630MAD4</cusip>
        <identifiers>
          <isin value="US46630MAD48"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS9817 FN 03/47 FIXED 4</title>
        <cusip>3138WK4B8</cusip>
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          <isin value="US3138WK4B80"/>
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        <curCd>USD</curCd>
        <valUSD>697344.880000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PAGAYA AI DEBT GRANTOR TRUST 2024-10</name>
        <lei>N/A</lei>
        <title>PAGAYA AI DEBT SELECTION TRUST PAID 2024 10 B 144A</title>
        <cusip>69544MAB5</cusip>
        <identifiers>
          <isin value="US69544MAB54"/>
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        <balance>16656491.180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16739220.640000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-HY6</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 HY6 A4</title>
        <cusip>02151JAD3</cusip>
        <identifiers>
          <isin value="US02151JAD37"/>
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        <balance>1569817.950000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1313824.750000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.99368</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 256738 FN 05/27 FIXED 6.5</title>
        <cusip>31371NEK7</cusip>
        <identifiers>
          <isin value="US31371NEK72"/>
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        <balance>1394.140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1440.320000</valUSD>
        <pctVal>0.0000008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>FREDDIE MAC 3384</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC FHR 3384 SH</title>
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        <curCd>USD</curCd>
        <valUSD>325914.030000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>THEOREM FUNDING TRUST 2023-1A</name>
        <lei>N/A</lei>
        <title>THEOREM FUNDING TRUST THRM 2023 1A A 144A</title>
        <cusip>88338QAA8</cusip>
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          <isin value="US88338QAA85"/>
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        <balance>3531708.250000</balance>
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        <curCd>USD</curCd>
        <valUSD>3544210.140000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BY6093 FN 09/53 FIXED 6.5</title>
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          <isin value="US3140NNXX88"/>
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        <balance>469288.850000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486270.400000</valUSD>
        <pctVal>0.0002593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZA6403 FR 03/39 FIXED 4</title>
        <cusip>31329QDG3</cusip>
        <identifiers>
          <isin value="US31329QDG38"/>
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        <balance>312791.450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307939.630000</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>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2007-3</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2007 3 TA6</title>
        <cusip>059515AH9</cusip>
        <identifiers>
          <isin value="US059515AH96"/>
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        <balance>181040.120000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156665.600000</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>2037-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QB0652 FR 06/50 FIXED 3.5</title>
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          <isin value="US3133A6WM94"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450425.870000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2006-G</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2006 G 1A1</title>
        <cusip>05950MAA8</cusip>
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          <isin value="US05950MAA80"/>
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        <balance>4951588.800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4931829.480000</valUSD>
        <pctVal>0.0026301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.81206</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>MORGAN STANLEY ABS CAPITAL I INC TRUST 2007-SEA1</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2007 SEA1 1A1 144A</title>
        <cusip>61757MAA6</cusip>
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          <isin value="US61757MAA62"/>
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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>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GREENE KING FINANCE PLC</name>
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        <title>GREENE KING FINANCE PLC SECURED 12/34 VAR</title>
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          <isin value="XS0213358608"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX IG40 5Y ICE</title>
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          <isin value="EZY2QJ3Z39M5"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-HYB7</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 HYB7 1A1</title>
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          <isin value="US126694FW35"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON MUTUAL MTGE P/T 2006-AR2</name>
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        <title>WASHINGTON MUTUAL MORTGAGE PAS WMALT 2006 AR2 A1A</title>
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          <isin value="US93934FMN95"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX0527 FN 09/52 FIXED 4</title>
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          <isin value="US3140N4SR95"/>
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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>Fixed</couponKind>
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      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TR 2006-HE5</name>
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          <isin value="US576455AB55"/>
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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>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>INTEGRITY RE III LTD</name>
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        <title>INTEGRITY RE III UNSECURED 144A 06/27 VAR</title>
        <cusip>45870GAA4</cusip>
        <identifiers>
          <isin value="US45870GAA40"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2023-B</name>
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        <title>SMB PRIVATE EDUCATION LOAN TRU SMB 2023 B R 144A</title>
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          <isin value="US78449HAF47"/>
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        <curCd>USD</curCd>
        <valUSD>5697308.010000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS8145 FN 10/46 FIXED 4</title>
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        <identifiers>
          <isin value="US3138WJBP26"/>
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        <balance>17705.440000</balance>
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        <curCd>USD</curCd>
        <valUSD>16782.150000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <balance>1428626.620000</balance>
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        <curCd>USD</curCd>
        <valUSD>1369289.430000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERTS 2005-AB4</name>
        <lei>N/A</lei>
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        <cusip>126670KN7</cusip>
        <identifiers>
          <isin value="US126670KN78"/>
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        <balance>4380512.810000</balance>
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        <curCd>USD</curCd>
        <valUSD>3835225.700000</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>2036-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST  2017-RP1</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2017 RP1 PT 144A</title>
        <cusip>17326JAS8</cusip>
        <identifiers>
          <isin value="US17326JAS87"/>
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        <balance>82875627.190000</balance>
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        <curCd>USD</curCd>
        <valUSD>70359211.280000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-09-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2007-HE1</name>
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          <isin value="US00443LAC28"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.67368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-OC11</name>
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        <cusip>23244JAE6</cusip>
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          <isin value="US23244JAE64"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.91368</annualizedRt>
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        <securityLending>
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        <name>FREDDIE MAC STRIPS 320</name>
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          <isin value="US3132HTX927"/>
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        <curCd>USD</curCd>
        <valUSD>8317287.490000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
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        <name>WELLS FARGO ALTERNATIVE LOAN TR 2007-PA3</name>
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        <cusip>94985GBB1</cusip>
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        <balance>314091.790000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024-2A</name>
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        <title>WESTLAKE AUTOMOBILE RECEIVABLE WLAKE 2024 2A A2B 144A</title>
        <cusip>96042YAC7</cusip>
        <identifiers>
          <isin value="US96042YAC75"/>
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        <balance>19502426.230000</balance>
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        <curCd>USD</curCd>
        <valUSD>19515237.370000</valUSD>
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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>Floating</couponKind>
          <annualizedRt>4.96385</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT IDR SOLD USD 20250716</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>RCKT MORTGAGE TRUST 2024-CES4</name>
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          <isin value="US74939FAA57"/>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>INDYMAC INDX MTGE LOAN TRUST 2005-AR7</name>
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        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2005 AR7 7A1</title>
        <cusip>45660LLS6</cusip>
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          <isin value="US45660LLS69"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>3.34514</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CSMC 2021-RPL8 TRUST</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2021 RPL8 AIOS 144A</title>
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        <identifiers>
          <isin value="US12662NAP87"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL ZA3910 FR 04/32 FIXED 3</title>
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        <curCd>USD</curCd>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD KRW BOUGHT USD 20250716</title>
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          <other otherDesc="Internal ID" value="25FRKBBDHFD"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>UBS AG</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G08835 FG 09/48 FIXED 3.5</title>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <cusip>3140J6GJ0</cusip>
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          <isin value="US3140J6GJ04"/>
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        <balance>42748.580000</balance>
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        <curCd>USD</curCd>
        <valUSD>39426.380000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-4</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 4 1A6</title>
        <cusip>12544RAF5</cusip>
        <identifiers>
          <isin value="US12544RAF55"/>
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        <balance>3913.210000</balance>
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        <curCd>USD</curCd>
        <valUSD>1694.040000</valUSD>
        <pctVal>0.0000009</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>POLARIS 2021-1 PLC 21-1</name>
        <lei>N/A</lei>
        <title>POLARIS PLRS 2021 1 A REGS</title>
        <cusip>ACI1Z5KF8</cusip>
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          <isin value="XS2363111399"/>
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        <balance>2162896.650000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-12-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00986</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA4143 FN 09/49 FIXED 3</title>
        <cusip>3140QBS90</cusip>
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          <isin value="US3140QBS903"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSI ASSET LOAN OBLIGATION 2007-WF1</name>
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        <cusip>40431KAC4</cusip>
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          <isin value="US40431KAC45"/>
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        <balance>12019867.070000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.23</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G08841 FG 10/48 FIXED 3.5</title>
        <cusip>3128MJ5B2</cusip>
        <identifiers>
          <isin value="US3128MJ5B26"/>
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        <balance>4901439.430000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>CS FIRST BOSTON MTGE SEC CORP 2005-10</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-25</maturityDt>
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          <annualizedRt>6</annualizedRt>
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        <securityLending>
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        <name>N/A</name>
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          <ticker value="TYQ5C"/>
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        <fairValLevel>2</fairValLevel>
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                    <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>KENTMERE PLC 3A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>OZLME IV DAC A4</name>
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        <name>FIRST FRANKLIN MTG LN ASSET BKD 2004-FF2</name>
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        <name>ALTICE FRANCE SA</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT BRL SOLD USD 20250702</title>
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        <name>GS MORTGAGE SECURITIES CORP II 2010-C1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>CHESTER A PLC 1-AA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2024-BA</name>
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        <name>MAN EURO CLO 2023-1 DAC 23-1A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MASTR ASSET BACKED SECURITIES 2005-HE1</name>
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        <curCd>USD</curCd>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>TOWER BRIDGE FUNDING 2024-1 PLC 24-1A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-WM3</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CONSUMER LOAN FINANCE ISSUER TRUST 2023-1A</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-28CB</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>WASHINGTON MUTUAL 2006-AR14</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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          <isin value="US3138EKHD07"/>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>BANK OF AMERICA MTGE SECURITIES 2005-A</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>WASHINGTON MUTUAL 2006 AR7</name>
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        <name>BANK OF AMERICA MTG SEC 2005-I</name>
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        <name>MORGAN STANLEY RESECURITIZATION TRUST 2015-R2</name>
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        <title>MORGAN STANLEY REREMIC TRUST MSRR 2015 R2 2B 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WASHINGTON MUTUAL 2004-AR10</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <name>MORGAN STANLEY IXIS REAL ESTATE CAPITAL TRUST 2006-1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2005-J11</name>
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        <name>EMCM MORTGAGE LOAN TRUST 2001-A</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-2CB</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STRUCTURED ASSET SECURITIES CORP 2005-5</name>
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          <maturityDt>2035-04-25</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138W0SW06"/>
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        <curCd>USD</curCd>
        <valUSD>133764.600000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZZH278GQXH1"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>JPMORGAN CHASE &amp; CO.</counterpartyName>
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                <issuerName>ISRAEL GOVT</issuerName>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BN5323 FN 03/49 FIXED 3.5</title>
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          <isin value="US3140JM4H26"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAYCHEX INC</name>
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          <isin value="US704326AC18"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STRUCTURED ASSET MTGE INVEST 2007-AR7</name>
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          <isin value="US86364KAE47"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>ALTICE FRANCE SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>BANK OF AMERICA MTGE SECS-2005-K</name>
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        <name>BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2004-10</name>
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        <name>INDYMAC INDX MORTGAGE LOAN TR 2007-AR5</name>
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        <title>INDYMAC INDX MORTGAGE LOAN TRU INDX 2007 AR5 1A1</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>EUROHOME UK MORTGAGES 2007-1 A</name>
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        <title>EUROHOME UK MORTGAGES PLC EHMU 2007 1 M1 REGS</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.63961</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLP CAPITAL LP / GLP FINANCING II INC</name>
        <lei>N/A</lei>
        <title>GLP CAPITAL LP / FIN II COMPANY GUAR 01/29 5.3</title>
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          <isin value="US361841AL38"/>
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        <balance>29811000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30161964.900000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMPAC SECURED ASSETS CORP 2006-1</name>
        <lei>N/A</lei>
        <title>IMPAC SECURED ASSETS CORP. IMSA 2006 1 1A2B</title>
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        <identifiers>
          <isin value="US45254TTL88"/>
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        <balance>6682.860000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5490.460000</valUSD>
        <pctVal>0.0000029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.83368</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>RMAC SECURITIES PLC 2006-NS4X</name>
        <lei>N/A</lei>
        <title>RMAC SECURITIES PLC RMACS 2006 NS4X M1C REGS</title>
        <cusip>B1LGL0II7</cusip>
        <identifiers>
          <isin value="XS0277437223"/>
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        <balance>2036454.460000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>2338008.190000</valUSD>
        <pctVal>0.0012468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.224</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANGEL OAK MORTGAGE TRUST 2023-7</name>
        <lei>N/A</lei>
        <title>ANGEL OAK MORTGAGE TRUST AOMT 2023 7 A1 144A</title>
        <cusip>03466DAA0</cusip>
        <identifiers>
          <isin value="US03466DAA00"/>
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        <balance>29554869.050000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29384414.300000</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>2067-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.8</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREENE KING FINANCE PLC</name>
        <lei>213800QIJMYMW6TSBG41</lei>
        <title>GREENE KING FINANCE PLC SR SECURED 03/34 5.106</title>
        <cusip>B142WRII6</cusip>
        <identifiers>
          <isin value="XS0252914923"/>
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        <balance>1062031.740000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.106</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-SD3</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2006 SD3 A1 144A</title>
        <cusip>23244AAA3</cusip>
        <identifiers>
          <isin value="US23244AAA34"/>
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        <balance>47105.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46881.610000</valUSD>
        <pctVal>0.000025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09368</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>SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-HE2</name>
        <lei>N/A</lei>
        <title>SECURITIZED ASSET BACKED RECEI SABR 2006 HE2 A2D</title>
        <cusip>81377AAE2</cusip>
        <identifiers>
          <isin value="US81377AAE29"/>
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        <balance>3519507.970000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1383304.950000</valUSD>
        <pctVal>0.0007377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.91368</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>GAZPROM PJSC VIA GAZ FINANCE PLC</name>
        <lei>213800UNP9N6BPNYMQ45</lei>
        <title>GAZPROM PJSC (GAZ FN) SR UNSECURED REGS 06/27 3</title>
        <cusip>ACI1NC340</cusip>
        <identifiers>
          <isin value="XS2196334671"/>
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        <balance>12000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9900000.000000</valUSD>
        <pctVal>0.0052795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G60765 FG 11/46 FIXED 3</title>
        <cusip>31335AZ68</cusip>
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          <isin value="US31335AZ687"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/4.10000 01/21/25-10Y LCH</title>
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          <isin value="EZ7J947QTC64"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>CTRLP 2024-1</name>
        <lei>N/A</lei>
        <title>SERIES 2024 1 CLN 2031 SERIES 2024 1 CLN 2031</title>
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          <isin value="US15487CAA18"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>MASTR ADJUSTABLE RT MTGE TRUST 2004-3</name>
        <lei>N/A</lei>
        <title>MASTR ADJUSTABLE RATE MORTGAGE MARM 2004 3 8A4</title>
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          <isin value="US576433LK09"/>
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        <issuerCat>CORP</issuerCat>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM3142 FN 10/48 FIXED VAR</title>
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          <isin value="US3140X6P473"/>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL Q42019 FG 07/46 FIXED 3</title>
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        <name>MADISON PARK FUNDING XVIII LTD 2015-18A</name>
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        <title>MADISON PARK FUNDING LTD MDPK 2015 18A ARR 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 589499 FN 08/31 FIXED 6.5</title>
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          <isin value="US31387N3G07"/>
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        <valUSD>1583.840000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <name>AMERIQUEST MTGE SEC INC 2004-R5</name>
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        <name>BAIN CAPITAL CREDIT CLO 2021-2 LTD</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-60T1</name>
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        <name>AGL CLO 14 LTD 2021-14A</name>
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        <name>IMPAC CMB TR 2004-7</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>REGAL TRUST IV 1999-1</name>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MAGNETITE XII LTD 2015-12A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>GSMSC RESECURITIZATION TRUST 2015-3R</name>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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      <invstOrSec>
        <name>ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2006-ASAP6</name>
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        <name>GSAMP TRUST 2005-HE6</name>
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        <name>FHLMC PASS THRU POOLS</name>
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          <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 PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <cusip>3140J9ML2</cusip>
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          <isin value="US3140J9ML25"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1320571.860000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2005-F</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2005 F 1A1</title>
        <cusip>05946XYP2</cusip>
        <identifiers>
          <isin value="US05946XYP22"/>
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        <balance>2295092.230000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1741150.830000</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>2035-09-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.05206</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>WMALT MTGE PASS-THRU CERT 2006-AR8</name>
        <lei>N/A</lei>
        <title>WASHINGTON MUTUAL MORTGAGE PAS WMALT 2006 AR8 2A</title>
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        <identifiers>
          <isin value="US93935LAB45"/>
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        <balance>9501343.470000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8204627.670000</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>2046-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.24869</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AE5486 FN 10/25 FIXED 3.5</title>
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        <identifiers>
          <isin value="US31419GCY89"/>
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        <balance>1616.770000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1609.320000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB1609 FN 10/25 FIXED 4</title>
        <cusip>31416WYF3</cusip>
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          <isin value="US31416WYF30"/>
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        <balance>2689.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2679.370000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2020 RP2</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2020 RP2 X 144A</title>
        <cusip>17329AAQ8</cusip>
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          <isin value="US17329AAQ85"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTMERE PLC 3A</name>
        <lei>N/A</lei>
        <title>KENTMERE KMR 3A A 144A</title>
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          <isin value="XS2902694665"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA8345 G2 10/52 FIXED 3.5</title>
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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>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/4.45000 11/01/23-10Y LCH</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-13T1</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 13T1 A11</title>
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          <isin value="US12668BZM89"/>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE1036 FN 10/46 FIXED 3.5</title>
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          <isin value="US3140FLEJ32"/>
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        <curCd>USD</curCd>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS2249 FN 04/39 FIXED 4</title>
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          <isin value="US3138WBQB49"/>
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        <curCd>USD</curCd>
        <valUSD>11192.260000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2007-HE6</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2007 HE6 A2</title>
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          <isin value="US61755CAB81"/>
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        <curCd>USD</curCd>
        <valUSD>11256574.840000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TRUST 2006-10</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 10 2A2</title>
        <cusip>54251YAC2</cusip>
        <identifiers>
          <isin value="US54251YAC21"/>
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        <balance>6550882.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1967221.440000</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>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.65368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ADJUSTABLE RATE MTGE 2004-14</name>
        <lei>N/A</lei>
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          <isin value="US863579CD88"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST HORIZON ALTERNATIVE MORTGAGE SECURITIES TRUST 2005-AA11</name>
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        <title>FIRST HORIZON ALTERNATIVE MORT FHAMS 2005 AA11 2A1</title>
        <cusip>32051GH65</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.35518</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-J12</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST 2023-2A</name>
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          <isin value="US30168CAE84"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIRST HORIZON ALT MTGE SEC 2005-AA12</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD9286 FN 11/46 FIXED 4</title>
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          <isin value="US3140FHJ811"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATIONWIDE BUILDING SOCIETY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140FKCX60"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB1367 FN 08/25 FIXED 4</title>
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          <isin value="US31416WQV71"/>
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        <curCd>USD</curCd>
        <valUSD>372.840000</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHL MORTGAGE PASS-THROUGH TRUST 2006-HYB1 2006-HYB1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2006 HYB1 1A1</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX IG37 5Y ICE</title>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>AVON FINANCE NO 3 PLC 3A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>VALLEY FUNDING PLC 1A</name>
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        <name>WELLS FARGO MORTGAGE BACKED SECURITIES TRUST 2007-AR10</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="TYQ5P"/>
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        <fairValLevel>2</fairValLevel>
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                    <name>N/A</name>
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                  <payOffProf>N/A</payOffProf>
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                      <issuerName>N/A</issuerName>
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            <shareNo>N/A</shareNo>
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        <name>N/A</name>
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          <other otherDesc="Internal ID" value="25CIKBCH44V"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138WGVQ40"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC CORP 2003-KS11</name>
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          <isin value="US76110WVW36"/>
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        <balance>2162576.670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2191570.550000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2007-AMC3</name>
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        <cusip>17312EAA4</cusip>
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          <isin value="US17312EAA47"/>
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        <curCd>USD</curCd>
        <valUSD>23115413.620000</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>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.69368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX6179 FN 02/53 FIXED 5</title>
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          <isin value="US3140NA2M44"/>
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        <balance>13358900.950000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 254621 FN 01/33 FIXED 6.5</title>
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          <isin value="US31371KYS40"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>625.270000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TSY INFL IX N/B 02/40 2.125</title>
        <cusip>912810QF8</cusip>
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          <isin value="US912810QF84"/>
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        <curCd>USD</curCd>
        <valUSD>74328616.220000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAMU MTGE P/T CERTIFICATES 2007-HY4</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2007 HY4 3A1</title>
        <cusip>933636AG7</cusip>
        <identifiers>
          <isin value="US933636AG71"/>
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        <curCd>USD</curCd>
        <valUSD>5670652.740000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140FREL57"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>TOWD POINT MORTGAGE TRUST 2015-4</name>
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      <invstOrSec>
        <name>ASSET BACKED SEC HOME EQTY LN 2006-HE6</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS1984 FN 03/29 FIXED 3</title>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>BANK OF AMERICA MTGE SEC 2005-H</name>
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          <isin value="US05949CGA80"/>
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        <curCd>USD</curCd>
        <valUSD>110691.260000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.62493</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH9977 FN 10/47 FIXED 4</title>
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        <debtSec>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <securityLending>
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        <name>AMERIQUEST MTGE SEC INC 2004-R5</name>
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      <invstOrSec>
        <name>CHASE MORTGAGE FINANCE TRUST SERIES 2007-S4</name>
        <lei>N/A</lei>
        <title>CHASE MORTGAGE FINANCE CORPORA CHASE 2007 S4 A1</title>
        <cusip>161629AA8</cusip>
        <identifiers>
          <isin value="US161629AA82"/>
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        <balance>4749178.900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1885613.990000</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>2037-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 256535 FN 11/26 FIXED 5</title>
        <cusip>31371M4U8</cusip>
        <identifiers>
          <isin value="US31371M4U87"/>
        </identifiers>
        <balance>350.890000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>350.390000</valUSD>
        <pctVal>0.0000002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>ASSET BACKED FUNDING CERT 2006-OPT2</name>
        <lei>N/A</lei>
        <title>ASSET BACKED FUNDING CERTIFICA ABFC 2006 OPT2 A1</title>
        <cusip>00075XAA5</cusip>
        <identifiers>
          <isin value="US00075XAA54"/>
        </identifiers>
        <balance>32567340.900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28837224.230000</valUSD>
        <pctVal>0.0153784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</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>RESIDENTIAL ASSET SEC CORP 2004-KS10</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIES C RASC 2004 KS10 M4</title>
        <cusip>76110WG67</cusip>
        <identifiers>
          <isin value="US76110WG676"/>
        </identifiers>
        <balance>1947987.410000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1926326.760000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.90868</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>COUNTRYWIDE ALTERNATIVE LN TR 2005-56</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 56 5A2</title>
        <cusip>12668AHF5</cusip>
        <identifiers>
          <isin value="US12668AHF57"/>
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        <balance>2532923.470000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2283974.830000</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>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.97368</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>HAYFIN EMERALD CLO XIV DAC 14A</name>
        <lei>N/A</lei>
        <title>HAYFIN EMERALD CLO HAYEM 14A A 144A</title>
        <cusip>ACI2SSWQ7</cusip>
        <identifiers>
          <isin value="XS2962031659"/>
        </identifiers>
        <balance>85000000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>100224048.570000</valUSD>
        <pctVal>0.0534476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.914</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ0639 FN 03/48 FIXED 4</title>
        <cusip>3140H1V98</cusip>
        <identifiers>
          <isin value="US3140H1V985"/>
        </identifiers>
        <balance>395196.350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>374321.530000</valUSD>
        <pctVal>0.0001996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>STRUCTURED ASSET MTG INV INC 2004-AR6</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET MORTGAGE INVE SAMI 2004 AR6 A3</title>
        <cusip>86359LFK0</cusip>
        <identifiers>
          <isin value="US86359LFK08"/>
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        <balance>699.040000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>693.390000</valUSD>
        <pctVal>0.0000004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.28081</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>TIB DIVERSIFIED PAYMENT RIGHTS FINANCE CO</name>
        <lei>549300L0OOCR1ME5E729</lei>
        <title>CORPTB9D9</title>
        <cusip>954VMHII9</cusip>
        <identifiers>
          <isin value="KY009A9JC5A0"/>
        </identifiers>
        <balance>60100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60113660.130000</valUSD>
        <pctVal>0.0320575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.22633</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>CITIGROUP MORTGAGE LOAN TRUST INC 2007-9</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 9 1A3 144A</title>
        <cusip>17313NAC9</cusip>
        <identifiers>
          <isin value="US17313NAC92"/>
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        <balance>3655958.260000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1957489.620000</valUSD>
        <pctVal>0.0010439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>MORGAN STANLEY ABS CAPITAL I 2007-NC2</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2007 NC2 A2D</title>
        <cusip>61753NAF7</cusip>
        <identifiers>
          <isin value="US61753NAF78"/>
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        <balance>6862452.680000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2986499.600000</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>2037-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.76368</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>STRUCTURED ASSET SEC CORP 2005-WF1</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2005 WF1 M2</title>
        <cusip>86359BV81</cusip>
        <identifiers>
          <isin value="US86359BV811"/>
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        <balance>927033.770000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>926295.670000</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>2035-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13868</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>MERRILL LYNCH MTGE INVESTORS 2004-A1</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 A1 1A</title>
        <cusip>59020UAA3</cusip>
        <identifiers>
          <isin value="US59020UAA34"/>
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        <balance>258508.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223371.070000</valUSD>
        <pctVal>0.0001191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.18617</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>FORD MOTOR COMPANY SNR S* ICE</title>
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          <isin value="EZSDC7SJ5KW6"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>278968.570000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>INTERCONTINENTAL EXCHANGE</counterpartyName>
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              <otherRefInst>
                <issuerName>FORD MOTOR COMPANY</issuerName>
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            <swapFlag>Y</swapFlag>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AZ6549 FN 09/45 FIXED 4</title>
        <cusip>3138YYH30</cusip>
        <identifiers>
          <isin value="US3138YYH302"/>
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        <balance>51961.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49265.300000</valUSD>
        <pctVal>0.0000263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>VERUS SECURITIZATION TRUST 2024-5</name>
        <lei>N/A</lei>
        <title>VERUS SECURITIZATION TRUST VERUS 2024 5 A1 144A</title>
        <cusip>92540HAA4</cusip>
        <identifiers>
          <isin value="US92540HAA41"/>
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        <balance>31854957.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32189096.390000</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>2069-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.192</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL G08706 FG 05/46 FIXED 3.5</title>
        <cusip>3128MJYC8</cusip>
        <identifiers>
          <isin value="US3128MJYC85"/>
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        <balance>7280.450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6736.760000</valUSD>
        <pctVal>0.0000036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>COUNTRYWIDE ASSET-BACKED CERT 2007-1</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2022-B</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>STRUCTURED ASSET MTG INV INC 2005-AR2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAN TRUST 2006-11</name>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE4</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>AMERIQUEST MTGE SECURITIES INC 2004-R12</name>
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          <isin value="US03072SXF72"/>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AE6825 FN 11/25 FIXED 4</title>
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          <isin value="US31419HSP81"/>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL QA0682 FR 06/49 FIXED 3.5</title>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAXON ASSET SECURITIES TRUST 2006-3</name>
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        <title>SAXON ASSET SECURITIES TRUST SAST 2006 3 A4</title>
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        <balance>2734000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2392047.960000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>N/A</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>HSI ASSET SECUR CORP TRUST 2007-HE2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <securityLending>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET SECURITIZATION TRUST 2007-A3</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>PREFERRED TERM SECURITIES X LTD / PREFERRED TERM SECURITIES X INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET SEC CORP 2004-KS8</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2024-LB1</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST 2010-3</name>
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        <name>CITIGROUP MTGE LOAN TR INC 2006-HE3</name>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2003-1</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-7T2</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>AVIS BUDGET RENTAL CAR FUNDING AESOP 2023-5A LLC</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FANNIE MAE REMICS 2005-71</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MERRILL LYNCH MORTGAGE INVS 2006-HE6</name>
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        <name>LEHMAN XS TRUST 2005-10</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>FCCU AUTO RECEIVABLES TRUST 2024-1</name>
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        <name>OWNIT MTGE LN ASSET-BACKED CERT 2005-2</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>AMERICAN AIRLINES 2021-1 CLASS A PASS THROUGH TRUST</name>
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        <name>RMAC SECURITIES PLC 2006-NS2X</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SBNA AUTO LEASE TRUST 2024-B</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SOUNDVIEW HOME EQUITY LOAN TR 2006-OPT1</name>
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        <name>COUNTRYWIDE HOME LOANS 2005-20</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <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>RFR USD SOFR/1.00000 06/15/22-7Y CME</title>
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          <isin value="EZ2KYVSDFJC8"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>28404259.700000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <other otherDesc="Internal_ID" value="SWU01D6E2-USD-SOFR-COMPOUND"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            </floatingRecDesc>
            <fixedPmntDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000"/>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>316880000.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-16121275.840000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q52305 FG 11/47 FIXED 3</title>
        <cusip>3132XUR31</cusip>
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          <isin value="US3132XUR312"/>
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        <balance>7351.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6473.580000</valUSD>
        <pctVal>0.0000035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE TRUST-2007-3XS</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY MORTGAGE LOAN T MSM 2007 3XS 1A2A</title>
        <cusip>61752RAB8</cusip>
        <identifiers>
          <isin value="US61752RAB87"/>
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        <balance>90490.770000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85553.290000</valUSD>
        <pctVal>0.0000456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.12248</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>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL 004467 G2 06/39 FIXED 4</title>
        <cusip>36202E6C8</cusip>
        <identifiers>
          <isin value="US36202E6C86"/>
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        <balance>3651.460000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3469.850000</valUSD>
        <pctVal>0.0000019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC REMICS 4024</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC FHR 4024 IO</title>
        <cusip>3137ANKV6</cusip>
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          <isin value="US3137ANKV69"/>
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        <balance>407377.480000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6908.100000</valUSD>
        <pctVal>0.0000037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>RESIDENTIAL ACCREDIT LOANS 2007-QS7</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS7 1A1</title>
        <cusip>74923WAA6</cusip>
        <identifiers>
          <isin value="US74923WAA62"/>
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        <balance>5316016.190000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4444529.760000</valUSD>
        <pctVal>0.0023702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL 1H1343 FH 08/36 FLOATING VAR</title>
        <cusip>3128NGEQ4</cusip>
        <identifiers>
          <isin value="US3128NGEQ44"/>
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        <balance>166.640000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172.120000</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>2036-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.601</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25FSKBBM4BS"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="10.079400"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE TRUST-2004-11AR</name>
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      <invstOrSec>
        <name>LEHMAN XS TRUST 2007-4N</name>
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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>BOUGHT PEN SOLD USD 20250707</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>CHASE MORTGAGE FINANCE CORP 2007-S3</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUNAC CHINA HOLDINGS LIMITED</name>
        <lei>549300OLARYHDXP3WK18</lei>
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          <isin value="XS2708721159"/>
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        <balance>684071.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84120.210000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31412X4X91"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3138A5RK02"/>
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        <balance>4558.430000</balance>
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        <curCd>USD</curCd>
        <valUSD>4531.050000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INTERNET BRANDS INC (MH SUB I LLC)</name>
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          <isin value="US45567YAN58"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>LEHMAN MORTGAGE TRUST 2007-7</name>
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          <isin value="US52519BAS97"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-81</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES Q012</name>
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        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>ARBOUR CLO VI DAC 6A</name>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
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        <invCountry>AR</invCountry>
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        <name>CREDIT SUISSE MORTGAGE CAP CERT 2007-3</name>
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        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2007 3 1A6A</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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          <couponKind>Fixed</couponKind>
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        <name>JP MORGAN MORTGAGE TRUST 2003-A1</name>
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        <title>JP MORGAN MORTGAGE TRUST JPMMT 2003 A1 1A1</title>
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          <isin value="US466247AA12"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>EUROSAIL PLC 2007-1X</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-J1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>VERUS SECURITIZATION TRUST 2024-3</name>
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        <name>WASHING MUTUAL MTGE P/T 2006-8</name>
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        <name>DURHAM MORTGAGES B PLC 24-BA</name>
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      <invstOrSec>
        <name>NLT 2023-1 TRUST</name>
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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ADJ RATE MTG LN 2004-19</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2022-INV2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GREENSTATE AUTO RECEIVABLES TRUST 2024-1A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>COUNTRYWIDE HOME LOANS 2007-11</name>
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        <title>COUNTRYWIDE HOME LOANS CWHL 2007 11 A10</title>
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          <couponKind>Fixed</couponKind>
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        <name>WELLS FARGO HOME EQUITY TRUST 2005-3</name>
        <lei>N/A</lei>
        <title>WELLS FARGO HOME EQUITY TRUST WFHET 2005 3 M9 144A</title>
        <cusip>9497ENAJ2</cusip>
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          <isin value="US9497ENAJ23"/>
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        <balance>12883000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12483302.350000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.98368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HOME EQUITY ASSET TRUST 2002-4</name>
        <lei>N/A</lei>
        <title>HOME EQUITY ASSET TRUST HEAT 2002 4 M2</title>
        <cusip>22541NQN2</cusip>
        <identifiers>
          <isin value="US22541NQN20"/>
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        <balance>3043805.010000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2878175.750000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.98368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA3897 FN 01/35 FIXED 3</title>
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        <identifiers>
          <isin value="US31418DKK71"/>
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        <balance>440448.610000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>425132.680000</valUSD>
        <pctVal>0.0002267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>3175JI9T6 PIMCO FLOOR USD 0.026175 USD SOFR CO</title>
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        <identifiers>
          <isin value="EZZYKWJNYDD0"/>
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        <balance>-1955700000.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1453867.380000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NOMURA GLOBAL FINANCIAL PRODUCTS INC.</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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            <shareNo>N/A</shareNo>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2006-A3</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2006 A3 3A4</title>
        <cusip>46628KAK6</cusip>
        <identifiers>
          <isin value="US46628KAK60"/>
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        <balance>285413.710000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>233268.630000</valUSD>
        <pctVal>0.0001244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.5226</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.68700 03/01/24-7Y* LCH</title>
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        <identifiers>
          <isin value="EZBKXTPHC9Q8"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-692397.280000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <other otherDesc="Internal_ID" value="SWU020W00-USD-SOFR-COMPOUND"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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            <curCd>USD</curCd>
            <unrealizedAppr>-692397.280000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA9665 G2 05/54 FIXED 4</title>
        <cusip>36179YW26</cusip>
        <identifiers>
          <isin value="US36179YW269"/>
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        <balance>39822449.540000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37064083.460000</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>2054-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL MA8149 G2 07/52 FIXED 3.5</title>
        <cusip>36179XBS4</cusip>
        <identifiers>
          <isin value="US36179XBS45"/>
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        <balance>9639214.100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8798016.270000</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>2052-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL 080728 G2 08/33 FLOATING VAR</title>
        <cusip>36225CY26</cusip>
        <identifiers>
          <isin value="US36225CY262"/>
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        <balance>2416.840000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2472.030000</valUSD>
        <pctVal>0.0000013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.125</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>FIRST FRANKLIN MTG LOAN ABS 2005-FF9</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2005 FF9 M1</title>
        <cusip>32027NVZ1</cusip>
        <identifiers>
          <isin value="US32027NVZ13"/>
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        <balance>6133756.690000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7040792.090000</valUSD>
        <pctVal>0.0037547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.24368</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>COUNTRYWIDE ASSET-BACKED CERT 2005-3</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2005 3 MV7</title>
        <cusip>126673C26</cusip>
        <identifiers>
          <isin value="US126673C261"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1859669.200000</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>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.38368</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>GS MORTGAGE SECURITIES TRUST 2020-DUNE</name>
        <lei>N/A</lei>
        <title>GS MORTGAGE SECURITIES TRUST GSMS 2020 DUNE A 144A</title>
        <cusip>36258BAA6</cusip>
        <identifiers>
          <isin value="US36258BAA61"/>
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        <balance>2770822.690000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2766133.900000</valUSD>
        <pctVal>0.0014751</pctVal>
        <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>5.68</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL MTGE P/T 2006-3</name>
        <lei>N/A</lei>
        <title>WASHINGTON MUTUAL MORTGAGE PAS WMALT 2006 3 2A</title>
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        <identifiers>
          <isin value="US93934FNL21"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6607677.190000</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>2036-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE REMICS 2013-34</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2013 34 PC</title>
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        <identifiers>
          <isin value="US3136ADQM42"/>
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        <balance>1810100.140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1731184.840000</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>2042-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDX HY40 5Y ICE</title>
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        <identifiers>
          <isin value="EZGB6C4Y7HX0"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1867743.850000</valUSD>
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        <assetCat>DCR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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            <swapFlag>Y</swapFlag>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN HOME MORTGAGE ASSETS 2007-1</name>
        <lei>N/A</lei>
        <title>AMERICAN HOME MORTGAGE ASSETS AHMA 2007 1 A1</title>
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          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 031848 FN 08/26 FLOATING VAR</title>
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          <isin value="US31361HL571"/>
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        <curCd>USD</curCd>
        <valUSD>134.080000</valUSD>
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        <issuerCat>USGSE</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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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARBOUR CLO VII DAC 7A</name>
        <lei>N/A</lei>
        <title>ARBOUR CLO ARBR 7A BR 144A</title>
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          <isin value="XS2936116883"/>
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        <balance>3200000.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSAMP TRUST 2006-FM3</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2006 FM3 A2B</title>
        <cusip>36245TAC9</cusip>
        <identifiers>
          <isin value="US36245TAC99"/>
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        <balance>21942863.430000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10233175.050000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</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>MLCC MORTGAGE INVESTORS INC 2003-H</name>
        <lei>N/A</lei>
        <title>MLCC MORTGAGE INVESTORS INC MLCC 2003 H A2</title>
        <cusip>5899296N3</cusip>
        <identifiers>
          <isin value="US5899296N38"/>
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        <balance>63279.160000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54747.030000</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>2029-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.33536</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INVESTORS TRUST 2006-HE4</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 HE4 A1</title>
        <cusip>59023EAA6</cusip>
        <identifiers>
          <isin value="US59023EAA64"/>
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        <balance>2501779.600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1422558.160000</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>2037-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75368</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>N/A</name>
        <lei>N/A</lei>
        <title>SOLD SGD BOUGHT USD 20250805</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="25FSKBBQR2S"/>
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        <balance>1.000000</balance>
        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q55629 FG 04/48 FIXED 4</title>
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        <identifiers>
          <isin value="US3132XYHF77"/>
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        <units>PA</units>
        <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>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QF8686 FR 02/53 FIXED 5.5</title>
        <cusip>3133BWUK7</cusip>
        <identifiers>
          <isin value="US3133BWUK70"/>
        </identifiers>
        <balance>711870.450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>717014.310000</valUSD>
        <pctVal>0.0003824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE9408 FN 07/47 FIXED 4</title>
        <cusip>3140FVN28</cusip>
        <identifiers>
          <isin value="US3140FVN285"/>
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        <balance>40060.740000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37981.950000</valUSD>
        <pctVal>0.0000203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BJ8080 FN 03/48 FIXED 3.5</title>
        <cusip>3140H96S7</cusip>
        <identifiers>
          <isin value="US3140H96S76"/>
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        <balance>178828.420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>165396.380000</valUSD>
        <pctVal>0.0000882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2007-3T1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 3T1 1A11</title>
        <cusip>02149VAL3</cusip>
        <identifiers>
          <isin value="US02149VAL36"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>467189.970000</valUSD>
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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>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT KRW SOLD USD 20250708</title>
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          <other otherDesc="Internal ID" value="25FRKBBDG82"/>
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        <assetCat>DFE</assetCat>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2024-RP3</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2024 RP3 PT 144A</title>
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          <isin value="US173112AS24"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CMBX.NA.AAA.10 SP MYC</title>
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        <derivativeInfo>
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      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2006-QA8</name>
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        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QA8 A1</title>
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          <isin value="US74922QAA04"/>
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        <curCd>USD</curCd>
        <valUSD>2214752.800000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GSAA HOME EQUITY TRUST 2007-6</name>
        <lei>N/A</lei>
        <title>GSAA HOME EQUITY TRUST GSAA 2007 6 1A2</title>
        <cusip>36245RAB5</cusip>
        <identifiers>
          <isin value="US36245RAB50"/>
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        <balance>5172048.720000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2998812.810000</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>2047-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.87368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UROPA SECURITIES PLC 2007-1</name>
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        <name>SLM STUDENT LOAN TRUST 2004-5X</name>
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      </invstOrSec>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
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        <name>SECURITIZED ASSET BACKED RECEIVABLES LLC 2007-HE1</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2004-29CB</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>OBX 2023-NQM7 TRUST</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>STRUCTURED ADJUSTABLE RT MTGE LN 2005-11</name>
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        <name>BEAR STEARNS ALT-A TRUST 2005-9</name>
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        <name>AMMC CLO 24 LTD</name>
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        <name>MORGAN STANLEY CAPITAL I TRUST 2020-HR8</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>PARK PLACE SEC INC 2005-WHQ3</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>TERWIN MORTGAGE TRUST 2006-7</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BM5914 FN 04/49 FIXED VAR</title>
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          <isin value="US3140JASC32"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA AUTO TRUST 2024-1A</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NELNET STUDENT LOAN TRUST 2018-3A</name>
        <lei>N/A</lei>
        <title>NELNET STUDENT LOAN TRUST NSLT 2018 3A A2 144A</title>
        <cusip>64034AAB9</cusip>
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          <isin value="US64034AAB98"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-09-27</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RIPON MORTGAGES PLC 25-1A</name>
        <lei>N/A</lei>
        <title>RIPON MORTGAGES RIPON 2025 1A R 144A</title>
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          <isin value="XS2982125010"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2392 FN 09/25 FIXED 3</title>
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          <isin value="US31418BUS32"/>
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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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO HOME EQUITY TRUST 2007-2</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140QPAU18"/>
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        <name>N/A</name>
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        <name>CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2015-1A</name>
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        <name>N/A</name>
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        <name>COUNTRYWIDE HOME LOANS 2003-42</name>
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        <name>N/A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CARVANA AUTO RECEIVABLES TRUST 2024-P4</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FHF ISSUER TRUST 2023-2A</name>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT TWD SOLD USD 20250716</title>
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        <currencyConditional curCd="TWD" exchangeRt="29.044800"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      </invstOrSec>
      <invstOrSec>
        <name>CENTEX HOME EQUITY 2005-B</name>
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        <title>CENTEX HOME EQUITY CXHE 2005 B M3</title>
        <cusip>152314ND8</cusip>
        <identifiers>
          <isin value="US152314ND83"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>GROSVENOR SQUARE RMBS 2023-1A PLC</name>
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        <title>GROSVENOR SQUARE RMBS PLC GVSQR 2023 1A Z 144A</title>
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          <isin value="XS2594141561"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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        <name>FIELDSTONE MORTGAGE INVESTMENT TRUST SERIES 2006-2</name>
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        <title>FIELDSTONE MORTGAGE INVESTMENT FMIC 2006 2 1A</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2006-BC6</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BE4785 FN 02/47 FIXED 3.5</title>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SECURITIZED ASSET BACKED RECEIVABLES LLC 2005-OP1</name>
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        <name>RESIDENTIAL MORTGAGE SECURITIES 33 PLC</name>
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        <title>RESIDENTIAL MORTGAGE SECURITIE RMS 33A B</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BK1975 FN 03/48 FIXED 3.5</title>
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        <curCd>USD</curCd>
        <valUSD>6207.560000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2019-RP11</name>
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        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2019 RP11 2B3 144A</title>
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          <isin value="US12597GAZ19"/>
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        <balance>57175842.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41357830.840000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.17566</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BR2648 FN 02/51 FIXED 2.5</title>
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          <isin value="US3140L05J22"/>
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        <balance>4657450.550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3890392.340000</valUSD>
        <pctVal>0.0020747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOMEBANC MORTGAGE TRUST 2005-1</name>
        <lei>N/A</lei>
        <title>HOMEBANC MORTGAGE TRUST HMBT 2005 1 M5</title>
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          <isin value="US43739EAW75"/>
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        <balance>63552.340000</balance>
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        <curCd>USD</curCd>
        <valUSD>43996.620000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.55868</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3133BNXA62"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6485427.670000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FS0128 FN 11/34 FIXED VAR</title>
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          <isin value="US3140XFEA52"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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 PASS THRU POOLS</name>
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          <isin value="US31416MHX56"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>INDYMAC INDX MTGE LOAN TRUST 2006-AR9</name>
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          <isin value="US45661EGG35"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2005-HYB9</name>
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          <isin value="US126670LE60"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GSR MORTGAGE LOAN TRUST 2005-AR3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BARROW FUNDING PLC 1A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-1A</name>
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        <title>GREENSKY HOME IMPROVEMENT ISSU GSKY 2025 1A A2 144A</title>
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        <name>UMBS PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NISSAN MOTOR ACCEPTANCE CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CHASE AUTO OWNER TRUST 2024-5A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-4</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INVS 2005-A2</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2023-RPL2</name>
        <lei>N/A</lei>
        <title>GS MORTGAGE BACKED SECURITIES GSMBS 2023 RPL2 PT 144A</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPTION ONE MORTGAGE LOAN TRUST 2007-6</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2024-RPL2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEC ASSET BACKED REC LLC 2006-FR4</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST FRANKIN MORTGAGE LOAN TRUST 2005-FFH2</name>
        <lei>N/A</lei>
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          <isin value="US32027NTW10"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>4570.800000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2006-ASAP3</name>
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        <title>ACE SECURITIES CORP. ACE 2006 ASP3 A1</title>
        <cusip>00442VAA5</cusip>
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          <isin value="US00442VAA52"/>
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        <curCd>USD</curCd>
        <valUSD>9541689.020000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT GBP SOLD USD 20250702</title>
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          <other otherDesc="Internal ID" value="25FLKBBQMWH"/>
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        <balance>1.000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>UBS AG</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE ACQUISITION TRUST 2006-WMC2 2006-WMC2</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 WMC2 A1</title>
        <cusip>46628TAA9</cusip>
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          <isin value="US46628TAA97"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.70368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM1896 FN 11/34 FIXED VAR</title>
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          <isin value="US3140X5DA81"/>
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        <curCd>USD</curCd>
        <valUSD>17089.280000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
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        <identifiers>
          <isin value="US912797LW51"/>
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        <balance>26894000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26865850.850000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL 895564 FN 05/36 FIXED 6</title>
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          <isin value="US31410R5Z86"/>
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        <curCd>USD</curCd>
        <valUSD>6974.190000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT IDR SOLD USD 20250716</title>
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          <other otherDesc="Internal ID" value="25ESKBBM4WK"/>
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        <balance>1.000000</balance>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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          <couponKind>Fixed</couponKind>
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        <name>RESIDENTIAL ASSET MTGE PROD 2005-EFC3</name>
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        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 EFC3 M6</title>
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          <isin value="US76112BYY00"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>GNMA II POOL BI0605 G2 07/48 FIXED 4</title>
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          <isin value="US3617H9U653"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL BY9280 FN 10/53 FIXED 6</title>
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          <isin value="US3140NSJ218"/>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q49387 FG 07/47 FIXED 4</title>
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        <curCd>USD</curCd>
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        <name>JP MORGAN MORTGAGE TRUST 2006-A4</name>
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        <title>JP MORGAN MORTGAGE TRUST JPMMT 2006 A4 1A1</title>
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        <curCd>USD</curCd>
        <valUSD>59112.200000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <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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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2023-P4</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 P4 A3 144A</title>
        <cusip>14687NAC4</cusip>
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          <isin value="US14687NAC48"/>
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        <balance>10017836.790000</balance>
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        <curCd>USD</curCd>
        <valUSD>10127233.570000</valUSD>
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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>6.16</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL CA0709 FN 09/47 FIXED 4</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>AVOCA STATIC CLO I DAC 1A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>BEAR STEARNS ADJ RATE MTGE TR 2004-9</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>AEGIS ASSET BACKED SECURITIES TR 2005-5</name>
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          <isin value="US00764MHE03"/>
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        <balance>7862911.050000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.07868</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>GSR MORTGAGE LOAN TRUST 2005-5F</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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          <couponKind>Floating</couponKind>
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        <name>CENTEX HOME EQUITY 2003-A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>COUNTRYWIDE HOME LOANS 2007-4</name>
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        <name>HUDSON PACIFIC PROPERTIES LP</name>
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        <curCd>USD</curCd>
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        <name>STRUCTURED ASSET MTG INV INC 2006-AR3</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL AW8495 FN 11/44 FIXED 4.5</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2004-29CB</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2004 29CB A3</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VALLEY FUNDING PLC 1A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>N/A</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140GYQU60"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>PAGAYA AI DEBT GRANTOR TRUST 2024-11</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST FRANKLIN MTG LOAN ABS 2006-FF4</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FANNIEMAE WHOLE LOAN 2002-W8</name>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>MERRILL LYNCH MORTGAGE INV 2007-HE3</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>N/A</name>
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        <name>MORGAN STANLEY CAPITAL INC 2005-HE2</name>
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        <name>LEHMAN MORTGAGE TRUST 2006-2</name>
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        <name>PERFORMER FUNDING 1 PLC 1A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Citibank, National Association</counterpartyName>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="SWU0WT9V2"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1060932.800000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Markit iBoxx USD Liquid Leveraged Loans Total Return Index" floatingRtSpread="0.000000" pmntAmt="0.000000">
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE 2007-15</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2007 15 AI</title>
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          <isin value="US31396PWK38"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY HOME EQUITY LN 2007-2</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY HOME EQUITY LOA MSHEL 2007 2 A1</title>
        <cusip>61752UAA3</cusip>
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          <isin value="US61752UAA34"/>
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        <curCd>USD</curCd>
        <valUSD>2979094.600000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC STRIPS 363</name>
        <lei>N/A</lei>
        <title>FREDDIEMAC STRIP FHS 363 C17</title>
        <cusip>31325XBF6</cusip>
        <identifiers>
          <isin value="US31325XBF69"/>
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        <balance>3669945.650000</balance>
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        <curCd>USD</curCd>
        <valUSD>479815.190000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PREFERRED TERM SECURITIES XXVI LTD / PREFERRED TERM SECURITIES XXVI INC</name>
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        <title>PREFERRED TERM SECS XXVI SR SECURED 144A 09/37 VAR</title>
        <cusip>74042QAB3</cusip>
        <identifiers>
          <isin value="US74042QAB32"/>
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        <balance>41993374.200000</balance>
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        <curCd>USD</curCd>
        <valUSD>35484401.200000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95008</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2007-D</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2007 D 1A1</title>
        <cusip>05952GAA9</cusip>
        <identifiers>
          <isin value="US05952GAA94"/>
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        <balance>7478190.530000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6127086.400000</valUSD>
        <pctVal>0.0032675</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.85206</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CPS AUTO RECEIVABLES TRUST 2023-C</name>
        <lei>N/A</lei>
        <title>CPS AUTO TRUST CPS 2023 C C 144A</title>
        <cusip>223928AC6</cusip>
        <identifiers>
          <isin value="US223928AC60"/>
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        <balance>31500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31781666.700000</valUSD>
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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>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BD4025 FN 09/47 FIXED 3.5</title>
        <cusip>3140FBPK0</cusip>
        <identifiers>
          <isin value="US3140FBPK04"/>
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        <balance>564708.820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>515621.250000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC 2021-RP4</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2021 RP4 A1 144A</title>
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        <identifiers>
          <isin value="US17329NAA54"/>
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        <curCd>USD</curCd>
        <valUSD>1026631645.530000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-03-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RBSSP RESECURITIZATION TRUST 2010-2</name>
        <lei>N/A</lei>
        <title>RBSSP RESECURITIZATION TRUST RBSSP 2010 2 4A2 144A</title>
        <cusip>74929CAN6</cusip>
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          <isin value="US74929CAN65"/>
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        <curCd>USD</curCd>
        <valUSD>5644437.380000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTR ASSET BACKED SECUR TR 2006-WMC4</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2006 WMC4 A4</title>
        <cusip>57645MAD4</cusip>
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          <isin value="US57645MAD48"/>
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        <balance>30282526.160000</balance>
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        <curCd>USD</curCd>
        <valUSD>9885797.290000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.67368</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLLEGE AVE STUDENT LOANS LLC 2023-A</name>
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        <title>COLLEGE AVE STUDENT LOANS CASL 2023 A D 144A</title>
        <cusip>193938AE7</cusip>
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          <isin value="US193938AE79"/>
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        <balance>4400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4494666.000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2022-RP3</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2022 RP3 SA 144A</title>
        <cusip>17291MAR4</cusip>
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          <isin value="US17291MAR43"/>
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        <balance>156975.960000</balance>
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        <curCd>USD</curCd>
        <valUSD>155535.420000</valUSD>
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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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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TRUST INC 2005-8</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 8 1A2A</title>
        <cusip>17307GE46</cusip>
        <identifiers>
          <isin value="US17307GE462"/>
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        <balance>1394937.370000</balance>
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        <curCd>USD</curCd>
        <valUSD>627198.580000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.79458</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2007-AMC2</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AMC2 A3A</title>
        <cusip>17311XAA3</cusip>
        <identifiers>
          <isin value="US17311XAA37"/>
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        <balance>10244942.760000</balance>
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        <curCd>USD</curCd>
        <valUSD>7494936.830000</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>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.59368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
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        <title>MASTR ASSET BACKED SECURITIES MABS 2007 WMC1 A4</title>
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          <isin value="US55275TAD00"/>
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        <curCd>USD</curCd>
        <valUSD>9746417.340000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FREMONT HOME LOAN TRUST 2006-B</name>
        <lei>N/A</lei>
        <title>FREMONT HOME LOAN TRUST FHLT 2006 B 2A2</title>
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          <isin value="US35729QAC24"/>
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        <balance>4608908.190000</balance>
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        <curCd>USD</curCd>
        <valUSD>1438505.230000</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>
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          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZCCSW1V4GN3"/>
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        <balance>1.000000</balance>
        <units>NC</units>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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                <issuerName>N/A</issuerName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZ78XR7L6YX2"/>
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        <curCd>USD</curCd>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <nestedDerivInfo>
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                    <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
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                    <cusip>000000000</cusip>
                    <identifiers>
                      <isin value="EZ3TGCVLB6Y0"/>
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                    <units>NC</units>
                    <curCd>USD</curCd>
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                  <descRefInstrmnt>
                    <otherRefInst>
                      <issuerName>N/A</issuerName>
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                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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                  <notionalAmt>N/A</notionalAmt>
                  <curCd>USD</curCd>
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            </descRefInstrmnt>
            <shareNo>N/A</shareNo>
            <exercisePrice>3.750000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-634338.320000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASSET BACKED FUNDING CERT 2003-WF1</name>
        <lei>N/A</lei>
        <title>ASSET BACKED FUNDING CERTIFICA ABFC 2003 WF1 A2</title>
        <cusip>04542BCD2</cusip>
        <identifiers>
          <isin value="US04542BCD29"/>
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        <balance>20555.070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20511.700000</valUSD>
        <pctVal>0.0000109</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS INC 2007-QS3</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS3 A1</title>
        <cusip>75116BAA6</cusip>
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          <isin value="US75116BAA61"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3198403.550000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>REGIONAL MANAGEMENT ISSUANCE TRUST 2024-2</name>
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        <title>REGIONAL MANAGEMENT ISSUANCE T RMIT 2024 2 A 144A</title>
        <cusip>75907AAA1</cusip>
        <identifiers>
          <isin value="US75907AAA16"/>
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        <balance>20700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20827176.660000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.11</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH4964 FN 08/47 FIXED 3.5</title>
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          <isin value="US3140GTQS20"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FS4024 FN 02/53 FIXED VAR</title>
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          <isin value="US3140XKPJ38"/>
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        <balance>791428.480000</balance>
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        <curCd>USD</curCd>
        <valUSD>794547.900000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AO5071 FN 06/27 FIXED 3</title>
        <cusip>3138LVT52</cusip>
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          <isin value="US3138LVT524"/>
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        <curCd>USD</curCd>
        <valUSD>3666.790000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ISRAEL GOVT EM SP JPM</title>
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        <isRestrictedSec>N</isRestrictedSec>

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            <swapFlag>Y</swapFlag>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VENEZUELAN GOVT</name>
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        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL FM1135 FN 04/32 FIXED VAR</title>
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          <isin value="US3140X4HM19"/>
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        <curCd>USD</curCd>
        <valUSD>948514.420000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>GSAMP TRUST 2007-FM1</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2007 FM1 A2B</title>
        <cusip>3622MAAC5</cusip>
        <identifiers>
          <isin value="US3622MAAC59"/>
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        <balance>913080.630000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>452696.060000</valUSD>
        <pctVal>0.0002414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.55368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ADJ RATE MTGE TR 2004-2</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CHASE MORTGAGE FINANCE CORP 2006-S2</name>
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          <isin value="US16163BAM63"/>
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        <valUSD>349644.080000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2013-43</name>
        <lei>N/A</lei>
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        <balance>2760266.120000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD PEN BOUGHT USD 20251128</title>
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          <other otherDesc="Internal ID" value="25ESKBB3J2J"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BANCO SANTANDER S.A.</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET MTG INV INC 2005-AR4</name>
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        <title>STRUCTURED ASSET MORTGAGE INVE SAMI 2006 AR4 2A1</title>
        <cusip>86360QAB1</cusip>
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          <isin value="US86360QAB14"/>
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        <balance>1211973.170000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AVON FINANCE 4A</name>
        <lei>N/A</lei>
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        <cusip>ACI2JTNL6</cusip>
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          <isin value="XS2683152339"/>
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        <balance>14835000.000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-28</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAXON ASSET SECURITIES TRUST 2001-2</name>
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          <isin value="US805564JR34"/>
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        <balance>147732.080000</balance>
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        <curCd>USD</curCd>
        <valUSD>127466.340000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.22868</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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        <title>US 10YR FUT OPTN  AUG25C 112.7 EXP 07/25/2025</title>
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          <ticker value="TYQ5C"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Call</putOrCall>
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                    <name>N/A</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2017-H09</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS GROUP AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <title>FNMA POOL 254345 FN 06/32 FIXED 6</title>
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      <invstOrSec>
        <name>N/A</name>
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        <title>RFR USD SOFR/3.73500 01/23/24-10Y LCH</title>
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            <swapFlag>Y</swapFlag>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2004-OPT1</name>
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          <isin value="US17307GJM15"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2006-NC3</name>
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          <isin value="US00442EAC93"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140H2S583"/>
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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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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>LEHMAN MORTGAGE TRUST 2005-2</name>
        <lei>N/A</lei>
        <title>LEHMAN MORTGAGE TRUST LMT 2005 2 4A1</title>
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          <isin value="US52520MCF86"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>NAVESINK CLO 2 LTD 2024-2A</name>
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          <isin value="US63942YAA29"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL MA2930 FN 03/47 FIXED 4</title>
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          <isin value="US31418CHG24"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INVS 2005-AR1</name>
        <lei>N/A</lei>
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          <isin value="US59020UG334"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>GLS AUTO RECEIVABLES ISSUER TRUST 2024-3A</name>
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          <couponKind>Fixed</couponKind>
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        <name>ISRAEL GOVT</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>DOMI 2024-1 BV  24-1</name>
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      <invstOrSec>
        <name>TRINITAS CLO VI LTD 2017-6A</name>
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        <title>TRINITAS CLO LTD TRNTS 2017 6A ARRR 144A</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.61177</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>VERUS SECURITIZATION TRUST 2022-2</name>
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        <cusip>92538XAA3</cusip>
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          <isin value="US92538XAA37"/>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2004-29</name>
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        <identifiers>
          <isin value="US12669GJF90"/>
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        <balance>4062284.480000</balance>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US31384VUZ39"/>
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        <name>WASHINGTON MUTUAL 2006-AR5</name>
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        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR5 A1A</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS MXN TIIE1/9.15000 01/06/25-5Y* CME</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GOLDEN BAR SECURITISATION SRL 2023-2 23-2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2023-CCDC</name>
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        <name>CITIGROUP MTGE LOAN TRUST INC 2007-2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>OBX 2023-NQM5 TRUST</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>NEWGATE FUNDING PLC 2007-3X</name>
        <lei>N/A</lei>
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          <isin value="XS0329656523"/>
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        <name>RAMP TRUST 2004-RS2</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2004 RS2 MII1</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRAINER WORTHAM FIRST REPUBLIC CBO V LTD</name>
        <lei>N/A</lei>
        <title>TRAINER WORTHAM FIRST REPUBLIC TRAIN 2004 5A A2 144A</title>
        <cusip>89288FAB8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>CDW LLC / CDW FINANCE CORP</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>FREDDIE MAC REMICS 4142</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CIM TRUST 2025-R1</name>
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        <name>STRUCTURED ADJUSTABLE RT MTG LN 2004-18</name>
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        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-1</name>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.19368</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHASE MORTGAGE FINANCE CORP 2007-A1</name>
        <lei>N/A</lei>
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          <isin value="US161630AN84"/>
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        <curCd>USD</curCd>
        <valUSD>10555.000000</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>2037-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.91447</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>UNITED STATES GOVT</name>
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        <title>US TREASURY N/B 08/48 3</title>
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        <identifiers>
          <isin value="US912810SD19"/>
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        <balance>2585000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1912597.060000</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>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE2545 FN 04/47 FIXED 4</title>
        <cusip>3140FMZK5</cusip>
        <identifiers>
          <isin value="US3140FMZK58"/>
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        <balance>2344.940000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2224.950000</valUSD>
        <pctVal>0.0000012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>AVON FINANCE NO 3 PLC 3A</name>
        <lei>N/A</lei>
        <title>AVON FINANCE AVON 3A R 144A</title>
        <cusip>ACI2J97R5</cusip>
        <identifiers>
          <isin value="XS2667753268"/>
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        <balance>6829000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <pctVal>0.0036745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-28</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STRUC ASSET SEC CORP 2005-SC1 PRIV PLCMT</name>
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          <isin value="US86359DTG24"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <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>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25EUKBBMMLZ"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALESCO PREFERRED FUNDING XVII LTD 17A</name>
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        <title>ALESCO PREFERRED FUNDING LTD ALESC 17A A1 144A</title>
        <cusip>01450NAA0</cusip>
        <identifiers>
          <isin value="US01450NAA00"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.3353</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>GOODLEAP SUSTAINABLE HOME IMPROVEMENT LOAN TRUST 2023-3C</name>
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        <title>GOODLEAP SUSTAINABLE HOME IMPR GOOD 2023 3C A 144A</title>
        <cusip>38237CAA6</cusip>
        <identifiers>
          <isin value="US38237CAA62"/>
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        <balance>8090309.300000</balance>
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        <curCd>USD</curCd>
        <valUSD>7768795.550000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT SGD SOLD USD 20250702</title>
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          <other otherDesc="Internal ID" value="25FSKBBQRS4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>EQUIFIRST MORTGAGE LOAN TRUST 2004-3</name>
        <lei>N/A</lei>
        <title>EQUIFIRST MORTGAGE LOAN TRUST EMLT 2004 3 M9</title>
        <cusip>29445FCF3</cusip>
        <identifiers>
          <isin value="US29445FCF36"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>8.33368</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH9324 FN 09/47 FIXED 4</title>
        <cusip>3140GYLE7</cusip>
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          <isin value="US3140GYLE73"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC PASS THRU POOLS</name>
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        <title>FED HM LN PC POOL QN1374 FR 01/35 FIXED 3</title>
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          <isin value="US3133G7Q305"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS3907 FN 11/44 FIXED 4</title>
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          <isin value="US3138WDKV23"/>
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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>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TR 2007-OPT5</name>
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        <title>SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2007 OPT5 1A1</title>
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        <identifiers>
          <isin value="US83613FAA93"/>
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        <balance>1748099.640000</balance>
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        <curCd>USD</curCd>
        <valUSD>1341560.190000</valUSD>
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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>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS4796 FN 04/45 FIXED 3.5</title>
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          <isin value="US3138WEKJ77"/>
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        <balance>9557815.480000</balance>
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        <curCd>USD</curCd>
        <valUSD>8888111.970000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY DEAN WITT CAP I 2003-NC2</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY DEAN WITTER CAP MSDWC 2003 NC2 M1</title>
        <cusip>61746WA75</cusip>
        <identifiers>
          <isin value="US61746WA750"/>
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        <balance>203282.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>215045.560000</valUSD>
        <pctVal>0.0001147</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.78368</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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2015-6</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2015 6 1A2 144A</title>
        <cusip>17324AAB6</cusip>
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          <isin value="US17324AAB61"/>
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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>WASHINGTON MUTUAL 2002-AR19</name>
        <lei>N/A</lei>
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        <cusip>929227ZU3</cusip>
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          <isin value="US929227ZU36"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92707.060000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.66087</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAYER US FINANCE LLC</name>
        <lei>54930093Q75GSEM74I71</lei>
        <title>BAYER US FINANCE LLC BAYER US FINANCE LLC</title>
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          <isin value="US07274EAK91"/>
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        <balance>10300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10949188.300000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON MUTUAL 2006-AR19</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR19 1A</title>
        <cusip>933638AA6</cusip>
        <identifiers>
          <isin value="US933638AA67"/>
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        <balance>2583007.180000</balance>
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        <curCd>USD</curCd>
        <valUSD>2345177.570000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <balance>936251.610000</balance>
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        <curCd>USD</curCd>
        <valUSD>877251.440000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>72938.430000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MORGAN STANLEY MTGE LN TR 2007-8XS</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY MORTGAGE LOAN T MSM 2007 8XS A1</title>
        <cusip>61754PAA2</cusip>
        <identifiers>
          <isin value="US61754PAA21"/>
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        <balance>2155475.320000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FORD AUTO SECURITIZATION TRUST II SERIES 2024-BA ASSET-BACKED NOTES</name>
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        <cusip>345214BR0</cusip>
        <identifiers>
          <isin value="CA345214BR01"/>
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        <currencyConditional curCd="CAD" exchangeRt="1.361800"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GMAC MORTGAGE CORP LOAN TRUST 2005-AR1</name>
        <lei>N/A</lei>
        <title>GMAC MORTGAGE CORPORATION LOAN GMACM 2005 AR1 5A</title>
        <cusip>76112BKQ2</cusip>
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        <assetCat>ABS-MBS</assetCat>
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        <name>BPCE SA</name>
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          <isin value="US05571AAS42"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>WEST STREET GLOBAL GROWTH PARTNERS LP</name>
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        <name>TOWD POINT MORTGAGE TRUST 2024-3</name>
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        <title>TOWD POINT MORTGAGE TRUST TPMT 2024 3 A1A 144A</title>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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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>Fixed</couponKind>
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      <invstOrSec>
        <name>GSAMP TRUST 2006-FM3</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2006 FM3 A2C</title>
        <cusip>36245TAD7</cusip>
        <identifiers>
          <isin value="US36245TAD72"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TR INC 2007-6</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSMCM TRUST 2019-SPL1</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <name>COLLEGE AVE STUDENT LOANS LLC 2023-B</name>
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      <invstOrSec>
        <name>LUMINENT MORTGAGE TRUST 2007-2</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>CSMC TRUST 2018-RPL12</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2023-D</name>
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            <curCd>EUR</curCd>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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          <isin value="US3140QBCW69"/>
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        <curCd>USD</curCd>
        <valUSD>9396708.570000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE 2007-34</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2007 34 S</title>
        <cusip>31396P6G1</cusip>
        <identifiers>
          <isin value="US31396P6G18"/>
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        <balance>689689.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55415.940000</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>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.69035</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOMEBANC MORTGAGE TRUST 2005-1</name>
        <lei>N/A</lei>
        <title>HOMEBANC MORTGAGE TRUST HMBT 2005 1 M6</title>
        <cusip>43739EAX5</cusip>
        <identifiers>
          <isin value="US43739EAX58"/>
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        <balance>84736.460000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56353.110000</valUSD>
        <pctVal>0.0000301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.63368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRINITAS EURO CLO V DAC 1A</name>
        <lei>N/A</lei>
        <title>TRINITAS EURO CLO TRNTE 1A AR 144A</title>
        <cusip>ACI2XTDT4</cusip>
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          <isin value="XS3086787259"/>
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        <balance>47800000.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.169</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2007-HE6</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2007 HE6 A4</title>
        <cusip>61755CAD4</cusip>
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          <isin value="US61755CAD48"/>
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        <curCd>USD</curCd>
        <valUSD>14047534.320000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.68368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC STRIPS 335</name>
        <lei>N/A</lei>
        <title>FREDDIEMAC STRIP FHS 335 V2</title>
        <cusip>3132HUAY9</cusip>
        <identifiers>
          <isin value="US3132HUAY91"/>
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        <balance>4409146.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4253000.640000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>DC COMMERCIAL MORTGAGE TRUST 2023-DC</name>
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        <title>DC COMMERCIAL MORTGAGE TRUST DC 2023 DC A 144A</title>
        <cusip>24023AAA8</cusip>
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          <isin value="US24023AAA88"/>
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        <curCd>USD</curCd>
        <valUSD>19212843.920000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DLLMT 2024-1 LLC</name>
        <lei>N/A</lei>
        <title>DLLMT LLC DLLMT 2024 1A A2 144A</title>
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          <isin value="US23347AAC53"/>
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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>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS EUR 0.83000 12/09/42-10Y LCH</title>
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          <isin value="EZPRCT6S2FJ7"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL QN1099 FR 12/34 FIXED 3</title>
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          <isin value="US3133G7GG23"/>
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        <curCd>USD</curCd>
        <valUSD>1741975.450000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST FRANKLIN MTG LOAN 2005-FF4</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2005 FF4 M4</title>
        <cusip>32027NRF0</cusip>
        <identifiers>
          <isin value="US32027NRF05"/>
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        <balance>4421915.070000</balance>
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        <curCd>USD</curCd>
        <valUSD>4411909.600000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL Q49490 FG 07/47 FIXED 3.5</title>
        <cusip>3132WPRL3</cusip>
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          <isin value="US3132WPRL38"/>
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        <balance>4608.630000</balance>
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        <curCd>USD</curCd>
        <valUSD>4253.000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>FANNIE MAE 2008-67</name>
        <lei>N/A</lei>
        <title>FANNIE MAE FNR 2008 67 ZW</title>
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          <isin value="US31397MCX39"/>
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        <balance>879159.060000</balance>
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        <curCd>USD</curCd>
        <valUSD>895951.000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CHASE MORTGAGE FINANCE CORP 2007-A1</name>
        <lei>N/A</lei>
        <title>CHASE MORTGAGE FINANCE CORPORA CHASE 2007 A1 13A1</title>
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        <identifiers>
          <isin value="US161630CF33"/>
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        <balance>2528166.420000</balance>
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        <curCd>USD</curCd>
        <valUSD>2361066.250000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CSMC SERIES 2014-10R</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2014 10R 2A2 144A</title>
        <cusip>12649BAG2</cusip>
        <identifiers>
          <isin value="US12649BAG23"/>
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        <balance>1732006.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1531551.790000</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>2036-05-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.8592</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>ARGENT SECURITIES INC 2006-M3</name>
        <lei>N/A</lei>
        <title>ARGENT SECURITIES INC. ARSI 2006 M3 A2B</title>
        <cusip>03076MAC8</cusip>
        <identifiers>
          <isin value="US03076MAC82"/>
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        <balance>7177331.790000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2110454.940000</valUSD>
        <pctVal>0.0011255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.53368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>VERUS SECURITIZATION TRUST 2023-1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>LONG BEACH MORTGAGE LOAN TR 2006-6</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AADVANTAGE LOYALTY IP LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY ABS CAPITAL I 2004-HE6</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MITCHELLS &amp; BUTLERS FINANCE PLC</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>JP MORGAN MORTGAGE TRUST 2024-10</name>
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        <name>37 CAPITAL CLO I 2021-1A</name>
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        <name>NATWEST GROUP PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROUNDSTONE SECURITIES NO 2 DESIGNATED ACTIVITY CO 2A</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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          <ticker value="SFRM5"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INDYMAC INDX MTGE LOAN TRUST 2006-AR9</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOUNDVIEW HOME EQUITY LOAN TR 2006-EQ2</name>
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        <name>FIRST FRANKLIN MTG LOAN ABS 2005-FF1</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.6637* 03/01/24-7Y* LCH</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <issuerName>N/A</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2007-A1</name>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>GNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RBSSP RESECURITIZATION TRUST 2009-6</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WMALT MTGE PASS-THRU CERT 2005-9</name>
        <lei>N/A</lei>
        <title>WASHINGTON MUTUAL MORTGAGE PAS WMALT 2005 9 1CB</title>
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          <isin value="US93934FEL22"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>FIRST FRANKLIN MTG LN ABS CERT 2004-FF7</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2004 FF7 M4</title>
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        <identifiers>
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        <balance>581270.190000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>628346.450000</valUSD>
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        <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>
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        <securityLending>
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      <invstOrSec>
        <name>BEAR STEARNS MTGE FUNDING TR 2007-AR</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS MORTGAGE FUNDING BSMF 2007 AR5 2A1</title>
        <cusip>07400NAS9</cusip>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.79368</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS3892 FN 11/44 FIXED 4</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>INDYMAC INDX MORTGAGE LOAN TR 2007-AR11</name>
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        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-3CB</name>
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        <securityLending>
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      <invstOrSec>
        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-5A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2006-34</name>
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          <couponKind>Fixed</couponKind>
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        <name>CITIGROUP MORTGAGE LOAN TRUST 2022-RP3</name>
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        <name>FNMA PASS THRU POOLS</name>
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      </invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ADJUSTABLE RATE MORTAGE TRUST 2004-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>N/A</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>N/A</name>
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        <name>BEAR STEARNS ADJ RATE MTGE 2003-9</name>
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        <name>NATIONSTAR HOME EQUITY LOAN TR 2006-B</name>
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        <name>STRUCTURED ASSET INVESTMENT LOAN TRUST 2003-BC9</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PREFERRED TERM SECS XVII LTD</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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        <name>GNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SFS AUTO RECEIVABLES SECURITIZATION TRUST 2025-1A</name>
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      <invstOrSec>
        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MORGAN STANLEY HOME EQUITY LN 2007-1</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>DURHAM MORTGAGES B PLC 24-BA</name>
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        <name>BCAP LLC TRUST 2012-RR5</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>MORGAN STANLEY REREMIC TRUST 2011-R2</name>
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      <invstOrSec>
        <name>LUMINENT MORTGAGE TRUST 2007-1</name>
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      <invstOrSec>
        <name>CS FIRST BOSTON MORTGAGE SEC 2001-28</name>
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        <name>NASSAU LTD 2018-IA</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>UNITED STATES GOVT</name>
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        <name>HOME EQUITY ASSET TRUST 2005-9</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>PRETIUM MORTGAGE CREDIT PARTNERS LLC 2024-NPL6</name>
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        <name>FIELDSTONE MORTGAGE INVESTMENT TRUST SERIES 2006-3</name>
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        <name>MERRILL LYNCH MTGE INVEST INC 2005-A1</name>
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        <name>COUNTRYWIDE HOME LOANS 2005-21</name>
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        <name>PRP ADVISORS LLC 2024-RCF4</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>NAVIENT EDUCATION LOAN TRUST 2025-A</name>
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        <name>MASTR REPERFORMING LN TR 2006-2</name>
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        <name>GNMA PASS THRU POOLS</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2007-NC2</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2006-5T2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHEVY CHASE MTGE FUNDING CORP 2004-1A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OSCAR US FUNDING XVII LLC 2024-2A</name>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST 2024-3A</name>
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          <isin value="US30165AAB17"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSDIGM INC</name>
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        <name>SUNAC CHINA HOLDINGS LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <name>GNMA PASS THRU POOLS</name>
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        <name>ACE SECURITIES CORP 2003-OP1</name>
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        <name>DEUTSCHE ALT-A SECURITIES INC 2005-4</name>
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        <name>SEQUOIA MORTGAGE TRUST 2003-1</name>
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        <name>BCAP LLC TRUST 2007-AA1</name>
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        <name>N/A</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <name>FNMA PASS THRU POOLS</name>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMORGAN CHASE &amp; CO.</counterpartyName>
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            <amtCurSold>1208543971.880000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>1373490645.630000</amtCurPur>
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            <settlementDt>2025-07-02</settlementDt>
            <unrealizedAppr>-50114509.880000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2007-14</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2007 14 A18</title>
        <cusip>12544DAT6</cusip>
        <identifiers>
          <isin value="US12544DAT63"/>
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        <balance>1937210.700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>971648.510000</valUSD>
        <pctVal>0.0005182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>FORTRESS CREDIT BSL VII LTD 2019-1A</name>
        <lei>N/A</lei>
        <title>FORTRESS CREDIT BSL LIMITED FCBSL 2019 1A A1R 144A</title>
        <cusip>34956NAL6</cusip>
        <identifiers>
          <isin value="US34956NAL64"/>
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        <balance>22782586.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22806361.300000</valUSD>
        <pctVal>0.0121622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.36934</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AB2142 FN 01/26 FIXED 4</title>
        <cusip>31416XLY4</cusip>
        <identifiers>
          <isin value="US31416XLY49"/>
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        <balance>161.030000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160.380000</valUSD>
        <pctVal>0.0000001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2006-HE5</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2006 HE5 M1</title>
        <cusip>07388CAE0</cusip>
        <identifiers>
          <isin value="US07388CAE03"/>
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        <balance>541139.920000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>540091.240000</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>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.88368</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BH4624 FN 06/47 FIXED 4</title>
        <cusip>3140GTD64</cusip>
        <identifiers>
          <isin value="US3140GTD643"/>
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        <balance>452294.550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>428350.660000</valUSD>
        <pctVal>0.0002284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>TAUPE FUNDING TRUST I 2024-1A</name>
        <lei>N/A</lei>
        <title>TAUPE FUNDING TRUST TAUPE 2024 1A A2 144A</title>
        <cusip>876692AB0</cusip>
        <identifiers>
          <isin value="US876692AB03"/>
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        <balance>22643600.280000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22668957.720000</valUSD>
        <pctVal>0.0120889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.83</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>MORGAN STANLEY ABS CAPITAL I 2007-HE3</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2007 HE3 A2D</title>
        <cusip>617538AD5</cusip>
        <identifiers>
          <isin value="US617538AD56"/>
        </identifiers>
        <balance>4131062.140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2059657.530000</valUSD>
        <pctVal>0.0010984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.68368</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>RESIDENTIAL ASSET MTGE PROD 2006-RZ4</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET MORTGAGE PRO RAMP 2006 RZ4 M1</title>
        <cusip>75156XAD3</cusip>
        <identifiers>
          <isin value="US75156XAD30"/>
        </identifiers>
        <balance>1700876.690000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1660851.320000</valUSD>
        <pctVal>0.0008857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.78368</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>HARLEY MARINE FINANCING LLC 2023-1</name>
        <lei>N/A</lei>
        <title>HARLEY MARINE FINANCING LLC CLC 2023 1 A1 144A</title>
        <cusip>41284LAG9</cusip>
        <identifiers>
          <isin value="US41284LAG95"/>
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        <balance>19839000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19998465.880000</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>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.2503</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BX3260 FN 12/52 FIXED 5.5</title>
        <cusip>3140N7TS9</cusip>
        <identifiers>
          <isin value="US3140N7TS90"/>
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        <balance>1611048.970000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1618456.770000</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>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>FIRST FRANKLIN MORTGAGE LOAN TRUST SERIES 2005-FFH1</name>
        <lei>N/A</lei>
        <title>FIRST FRANKLIN MTG LOAN ASSET FFML 2005 FFH1 M2</title>
        <cusip>32027NTB7</cusip>
        <identifiers>
          <isin value="US32027NTB72"/>
        </identifiers>
        <balance>7926536.290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7785229.130000</valUSD>
        <pctVal>0.0041517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.21368</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>MASTR SEASONED SECURITIES TRUST 2005-2</name>
        <lei>N/A</lei>
        <title>MASTR SEASONED SECURITIZATION MSSTR 2005 2 4A1</title>
        <cusip>55265WDM2</cusip>
        <identifiers>
          <isin value="US55265WDM29"/>
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        <balance>40821.610000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40860.730000</valUSD>
        <pctVal>0.0000218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.99585</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>NEWGATE FUNDING PLC 2007-3X</name>
        <lei>N/A</lei>
        <title>NEWGATE FUNDING PLC NGATE 2007 3X A2B REGS</title>
        <cusip>B2NDQDII7</cusip>
        <identifiers>
          <isin value="XS0329656101"/>
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        <balance>1930120.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>2237076.860000</valUSD>
        <pctVal>0.001193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.575</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>NOVASEP HOLDING</name>
        <lei>969500DPO357UZZQSS89</lei>
        <title>BONDHOLDCO ALPHABET C SHARES</title>
        <cusip>ACI01UFF8</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="66989L9H4"/>
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        <balance>8220.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>5422.340000</valUSD>
        <pctVal>0.0000029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSAA HOME EQUITY TRUST 2006-18</name>
        <lei>N/A</lei>
        <title>GSAA HOME EQUITY TRUST GSAA 2006 18 AF3A</title>
        <cusip>3622ELAC0</cusip>
        <identifiers>
          <isin value="US3622ELAC07"/>
        </identifiers>
        <balance>6861513.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1896139.380000</valUSD>
        <pctVal>0.0010112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.77234</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>BEAR STEARNS ADJ RATE MTGE TR 2006-1</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ADJUSTABLE RATE M BSARM 2006 1 A1</title>
        <cusip>07387AGZ2</cusip>
        <identifiers>
          <isin value="US07387AGZ21"/>
        </identifiers>
        <balance>26501.490000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25280.340000</valUSD>
        <pctVal>0.0000135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.53</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL 972112 FH 01/33 FLOATING VAR</title>
        <cusip>31336CKZ5</cusip>
        <identifiers>
          <isin value="US31336CKZ58"/>
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        <balance>2813.930000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2870.630000</valUSD>
        <pctVal>0.0000015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FNMA PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2024-1</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY HOME EQUITY LN 2006-3</name>
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        <title>MORGAN STANLEY HOME EQUITY LOA MSHEL 2006 3 A4</title>
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        <name>FNMA PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>WASHINGTON MUTUAL 2006-AR15</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25DUKBB5H94"/>
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        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FREDDIE MAC REMICS 4093</name>
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        <name>N/A</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>DEUTSCHE ALT-A SEC INC MTGE LO 2006-AR4</name>
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        <name>N/A</name>
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        <name>MERRILL LYNCH MTGE INVESTORS 2004-A3</name>
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        <name>COUNTRYWIDE HOME LOANS 2006-HYB3</name>
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        <name>UMBS PASS THRU POOLS</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <cusip>3132VNRP0</cusip>
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          <isin value="US3132VNRP03"/>
        </identifiers>
        <balance>10588.510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9295.580000</valUSD>
        <pctVal>0.000005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL AS8580 FN 01/47 FIXED 3.5</title>
        <cusip>3138WJRA8</cusip>
        <identifiers>
          <isin value="US3138WJRA82"/>
        </identifiers>
        <balance>41508491.400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38300239.080000</valUSD>
        <pctVal>0.0204248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>RESIDENTIAL ACCREDIT LOANS 2007-QS7</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS7 2A1</title>
        <cusip>74923WAK4</cusip>
        <identifiers>
          <isin value="US74923WAK45"/>
        </identifiers>
        <balance>6112939.450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2266324.010000</valUSD>
        <pctVal>0.0012086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</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>RESIDENTIAL ACCREDIT LOANS INC 2005-QO4</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QO4 2A1</title>
        <cusip>761118NN4</cusip>
        <identifiers>
          <isin value="US761118NN46"/>
        </identifiers>
        <balance>283246.670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170608.900000</valUSD>
        <pctVal>0.000091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.99368</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>MASTR ASSET BACKED SECUR TR 2006-WMC4</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2006 WMC4 A2</title>
        <cusip>57645MAB8</cusip>
        <identifiers>
          <isin value="US57645MAB81"/>
        </identifiers>
        <balance>5688363.710000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2175464.640000</valUSD>
        <pctVal>0.0011601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.92368</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>MASTR ASSET BACKED SEC TRUST 2006-WMC2</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2006 WMC2 A4</title>
        <cusip>57644TAD0</cusip>
        <identifiers>
          <isin value="US57644TAD00"/>
        </identifiers>
        <balance>24158103.940000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4903068.380000</valUSD>
        <pctVal>0.0026147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73368</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>RENAISSANCE HOME EQUITY LOAN TR 2006-1</name>
        <lei>N/A</lei>
        <title>RENAISSANCE HOME EQUITY LOAN T RAMC 2006 1 AF4</title>
        <cusip>759950GW2</cusip>
        <identifiers>
          <isin value="US759950GW23"/>
        </identifiers>
        <balance>9006073.410000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4184808.900000</valUSD>
        <pctVal>0.0022317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.011</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 PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FNMA POOL BE9343 FN 03/47 FIXED 3.5</title>
        <cusip>3140FVLZ7</cusip>
        <identifiers>
          <isin value="US3140FVLZ72"/>
        </identifiers>
        <balance>138675.180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127103.210000</valUSD>
        <pctVal>0.0000678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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="Total returns do not deduct sales loads and redemption fees." noteItem="B.5.a"/>

      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.c.vi"/>
      <explntrNote note="A negative balance, which may be due to such circumstances as a net overdraft as of the reporting period-end, is reported as $0 in Item B.2.f - Cash and cash equivalents not reported in Parts C and D.  This is done in order to conform to the technical constraints of the XML type, which do not allow negative values in B.2.f." noteItem="B.2.f"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.d.iii"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.e.iii"/>
      <explntrNote note="The form requires the filer to report ISO country codes and certain supranational entities are not on the ISO country code list.  Instruments issued by or economic exposure to a supranational entity may be disclosed as N/A." noteItem="C.5.a"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.f.ii"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-08-19</ncom:dateSigned>
      <ncom:nameOfApplicant>PIMCO Funds</ncom:nameOfApplicant>
      <ncom:signature>/s/ Bijal Parikh</ncom:signature>
      <ncom:signerName>Bijal Parikh</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
