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        <name>American Honda Finance Corp</name>
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      <invstOrSec>
        <name>Bank of Montreal/Chicago IL</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>BANK OF MONTREAL CHICAGO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of New Zealand</name>
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          <isin value="US06406QFA22"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>BANK OF NEW YORK MELLON</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>Bank of New York Mellon/The</title>
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          <isin value="US06428DAD49"/>
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        <balance>6487000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6488985.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.38000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BARCLAYS US CCP</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank PLC</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-06</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>BARCLAYS US CCP</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank PLC</title>
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        <curCd>USD</curCd>
        <valUSD>5430631.25000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-23</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Barclays Bank PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank PLC</title>
        <cusip>06741EE55</cusip>
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          <isin value="US06741EE551"/>
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        <balance>7178000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7053972.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-05</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC NY</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank PLC/NY</title>
        <cusip>06745GCG4</cusip>
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          <isin value="US06745GCG47"/>
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        <curCd>USD</curCd>
        <valUSD>5617163.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.39000000</annualizedRt>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC NY</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank PLC/NY</title>
        <cusip>06745GCK5</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.39000000</annualizedRt>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC NY</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC NY</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank PLC/NY</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC NY</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank PLC/NY</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>BAYERISCHE LANDESBANK NY</name>
        <lei>549300DJ6F1V4GISFC11</lei>
        <title>Bayerische Landesbank/New York</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <name>BAYERISCHE LANDESBANK NY</name>
        <lei>549300DJ6F1V4GISFC11</lei>
        <title>Bayerische Landesbank/New York</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <name>BAYERISCHE LANDESBANK NY</name>
        <lei>549300DJ6F1V4GISFC11</lei>
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        <valUSD>4024216.58000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <name>Bell Telephone Co of Canada or Bell Canada/The</name>
        <lei>549300JYAVAQRV5MNZ86</lei>
        <title>Bell Telephone Co of Canada or Bell Canada/The</title>
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        <curCd>USD</curCd>
        <valUSD>13094598.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-03</maturityDt>
          <couponKind>None</couponKind>
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          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>CBRE Services Inc</name>
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      <invstOrSec>
        <name>Cabot Trail Funding LLC</name>
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      <invstOrSec>
        <name>CHEVRON CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Industriel et Commercial/New York</name>
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      <invstOrSec>
        <name>DEUTSCHE BANK NY</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
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          <isin value="US25152XYT17"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Bank AG/New York NY</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Walt Disney Co/The</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Walt Disney Co/The</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dollarama Inc</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>EMERSON ELECTRIC CO</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
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        <name>Enel Finance America LLC</name>
        <lei>549300EGNLVUJX1DEC60</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Enel Finance America LLC</name>
        <lei>549300EGNLVUJX1DEC60</lei>
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        <name>ENTERGY CORP</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp</title>
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      <invstOrSec>
        <name>ENTERGY CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-17</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>EQUITABLE SHORT TERM FUN</name>
        <lei>N/A</lei>
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          <isin value="US29456DC985"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-09</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>ERSTE ABWICKLUNGSANSTALT</name>
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        <title>Erste Abwicklungsanstalt</title>
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          <isin value="US29604DAV29"/>
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        <curCd>USD</curCd>
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        <invCountry>GE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-29</maturityDt>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN BANK</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-08</maturityDt>
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      <invstOrSec>
        <name>FIRST ABU DHABI BK PJSC</name>
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        <title>First Abu Dhabi Bank PJSC</title>
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          <isin value="US31849MBC47"/>
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        <invCountry>UA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-12</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>General Motors Financial Co Inc</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Co Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Motors Financial Co Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Co Inc</name>
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        <name>General Motors Financial Co Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Financial Square Government Fund</name>
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        <name>Goldman Sachs Access Treasury 0-1 Year ETF</name>
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        <title>Goldman Sachs Access Treasury 0-1 Year ETF</title>
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        <name>Goldman Sachs Energy Infrastructure Fund</name>
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        <name>Goldman Sachs MLP Energy Infrastructure Fund</name>
        <lei>549300QNI1STTSJRLK10</lei>
        <title>Goldman Sachs MLP Energy Infrastructure Fund</title>
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        <name>Gotham Funding Corp</name>
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        <name>Hannover Funding Co LLC</name>
        <lei>549300Q4LWLYRV25UY62</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HANNOVER FUNDING CO LLC</name>
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      <invstOrSec>
        <name>Honeywell International Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-04</maturityDt>
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        <name>Hyundai Capital America</name>
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        <title>Hyundai Capital America</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-20</maturityDt>
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        <name>ING (US) FUNDING LLC</name>
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        <name>ING US Funding LLC</name>
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          <maturityDt>2026-02-17</maturityDt>
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        <name>iShares Gold Trust</name>
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        <title>iShares Gold Trust</title>
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        <name>iShares MSCI Mexico ETF</name>
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        <title>iShares MSCI Mexico ETF</title>
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        <name>iShares Core S&amp;P 500 ETF</name>
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        <name>iShares 7-10 Year Treasury Bond ETF</name>
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        <name>iShares Core MSCI Emerging Markets ETF</name>
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        <name>JACKSON NTL L SHT TRM FD</name>
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        <name>KFW</name>
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        <name>KOOKMIN BANK/NEW YORK</name>
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        <name>Korea Development Bank/New York NY</name>
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        <name>LSEGA Financing PLC</name>
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        <name>LVMH MOET HENNESSY VUITT</name>
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        <title>LVMH Moet Hennessy Louis Vuitton SE</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Landesbank Hessen-Thueringen Girozentrale/NY</name>
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        <name>LMA-Americas LLC</name>
        <lei>N/A</lei>
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          <isin value="US53944RBQ02"/>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>LMA-Americas LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>LMA-Americas LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LMA-Americas LLC</name>
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        <name>Lloyds Bank Corporate Markets PLC/New York NY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lloyds Bank Corporate Markets PLC/New York NY</name>
        <lei>213800MBWEIJDM5CU638</lei>
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        <name>LVMH Moet Hennessy Louis Vuitton Inc</name>
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        <name>MACQUARIE BANK LIMITED</name>
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        <name>MACQUARIE BANK LIMITED</name>
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      <invstOrSec>
        <name>MACQUARIE GROUP LTD</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Ltd</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Motorola Solutions Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NATL BANK OF KUWAIT NY</name>
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        <name>Nestle Finance International Ltd</name>
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        <name>Nieuw Amsterdam Receivables Corp BV</name>
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        <name>Old Line Funding LLC</name>
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        <name>Old Line Funding LLC</name>
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        <name>ORACLE CORP</name>
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        <name>OVERSEA-CHINESE BK CO NY</name>
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        <debtSec>
          <maturityDt>2026-01-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARADELLE FUNDING LLC</name>
        <lei>N/A</lei>
        <title>Paradelle Funding LLC</title>
        <cusip>69901NDM3</cusip>
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          <isin value="US69901NDM39"/>
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        <balance>4583000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4511798.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-21</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARADELLE FUNDING LLC</name>
        <lei>N/A</lei>
        <title>Paradelle Funding LLC</title>
        <cusip>69901NF90</cusip>
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          <isin value="US69901NF900"/>
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        <balance>25991000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25454972.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-09</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARADELLE FUNDING LLC</name>
        <lei>N/A</lei>
        <title>Paradelle Funding LLC</title>
        <cusip>69901Q2G1</cusip>
        <identifiers>
          <isin value="US69901Q2G12"/>
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        <balance>30000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30007452.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.51000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARADELLE FUNDING LLC</name>
        <lei>N/A</lei>
        <title>Paradelle Funding LLC</title>
        <cusip>69901Q3S4</cusip>
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          <isin value="US69901Q3S41"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1999999.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.47000000</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>PARK AVE COLL NOTES</name>
        <lei>549300QFFTZ0K7V16U14</lei>
        <title>Park Avenue Collateralized Notes Co LLC</title>
        <cusip>70018RCM3</cusip>
        <identifiers>
          <isin value="US70018RCM34"/>
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        <balance>16969000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16970507.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.43000000</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>PARK AVE COLL NOTES</name>
        <lei>549300QFFTZ0K7V16U14</lei>
        <title>Park Avenue Collateralized Notes Co LLC</title>
        <cusip>70018RCS0</cusip>
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          <isin value="US70018RCS04"/>
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        <balance>16000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16006560.00000000</valUSD>
        <pctVal>0.326594190754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.41000000</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>Parker-Hannifin Corp</name>
        <lei>5493002CONDB4N2HKI23</lei>
        <title>Parker-Hannifin Corp</title>
        <cusip>70109LZK5</cusip>
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          <other otherDesc="CUSIP" value="70109LZK5"/>
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        <balance>3239000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3231329.08000000</valUSD>
        <pctVal>0.065931299788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Penske Truck Leasing Co LP</name>
        <lei>549300ZX07JYMI8GHQ39</lei>
        <title>Penske Truck Leasing Co LP</title>
        <cusip>70962BGH1</cusip>
        <identifiers>
          <isin value="US70962BGH15"/>
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        <balance>31521000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30706702.25000000</valUSD>
        <pctVal>0.626532532416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO INC</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo Inc</title>
        <cusip>71344UAS8</cusip>
        <identifiers>
          <isin value="US71344UAS87"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49686155.00000000</valUSD>
        <pctVal>1.013784947166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-26</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PODIUM FUNDING TRUST</name>
        <lei>N/A</lei>
        <title>Podium Funding Trust</title>
        <cusip>73044BEJ5</cusip>
        <identifiers>
          <isin value="US73044BEJ52"/>
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        <balance>3031000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3031130.64000000</valUSD>
        <pctVal>0.061846496588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.33000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Podium Funding Trust</name>
        <lei>N/A</lei>
        <title>Podium Funding Trust</title>
        <cusip>73044BER7</cusip>
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          <isin value="US73044BER78"/>
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        <balance>2774000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2774107.91000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.18000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Podium Funding Trust</name>
        <lei>N/A</lei>
        <title>Podium Funding Trust</title>
        <cusip>73044BEU0</cusip>
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          <isin value="US73044BEU08"/>
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        <balance>4448000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4448045.81000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.23000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Podium Funding Trust</name>
        <lei>N/A</lei>
        <title>Podium Funding Trust</title>
        <cusip>73044GD14</cusip>
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          <other otherDesc="CUSIP" value="73044GD14"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14799534.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PODIUM FUNDING TRUST</name>
        <lei>N/A</lei>
        <title>Podium Funding Trust</title>
        <cusip>73044GE70</cusip>
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          <isin value="US73044GE702"/>
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        <balance>7195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7071033.03000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-07</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PODIUM FUNDING TRUST</name>
        <lei>N/A</lei>
        <title>Podium Funding Trust</title>
        <cusip>73044GF46</cusip>
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          <isin value="US73044GF469"/>
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        <balance>3140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3076671.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PURE GROVE FUNDING</name>
        <lei>5493001D6K5CFMBUWV36</lei>
        <title>Pure Grove Funding</title>
        <cusip>74625UA78</cusip>
        <identifiers>
          <isin value="US74625UA789"/>
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        <balance>15519000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15450693.12000000</valUSD>
        <pctVal>0.315252410019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-07</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pure Grove Funding</name>
        <lei>5493001D6K5CFMBUWV36</lei>
        <title>Pure Grove Funding</title>
        <cusip>74625UET6</cusip>
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          <other otherDesc="CUSIP" value="74625UET6"/>
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        <balance>10422000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10219292.10000000</valUSD>
        <pctVal>0.208512099631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pure Grove Funding</name>
        <lei>5493001D6K5CFMBUWV36</lei>
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        <name>Salisbury Receivables Co LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SALISBURY RECEIVABLES CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Salisbury Receivables Co LLC</name>
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        <name>SANOFI</name>
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        <name>State Street Health Care Select Sector SPDR ETF</name>
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        <name>Sprott Physical Uranium Trust</name>
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      <invstOrSec>
        <name>Suncor Energy Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SWEDBANK (NEW YORK)</name>
        <lei>M312WZV08Y7LYUC71685</lei>
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      <invstOrSec>
        <name>Swedbank AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sysco Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Thunder Bay Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Thunder Bay Funding LLC</name>
        <lei>549300D7DHGDB5EMW139</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-06</maturityDt>
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      <invstOrSec>
        <name>THUNDER BAY FNDNG LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-19</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>TORONTO DOMINION BANK NY</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank/NY</title>
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          <isin value="US89115D5Q59"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-23</maturityDt>
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      <invstOrSec>
        <name>TORONTO DOMINION BK</name>
        <lei>PT3QB789TSUIDF371261</lei>
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          <isin value="US89115DLC82"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TORONTO DOMINION BANK NY</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TORONTO DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TotalEnergies Capital SA</name>
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        <name>TotalEnergies Capital SA</name>
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        <name>TotalEnergies Capital SA</name>
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        <name>TOYOTA INDUSTRIES COMM</name>
        <lei>54930085LCL2BOXUSV19</lei>
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        <name>Toyota Industries Commercial Finance Inc</name>
        <lei>54930085LCL2BOXUSV19</lei>
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        <name>JPMorgan Chase Bank NA</name>
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        <name>Chicago Mercantile Exchange</name>
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            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>146.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-15032516.34000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>IOP015767 EQO XLV.P USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="IOP015767"/>
        </identifiers>
        <balance>634382.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>16608613.04000000</valUSD>
        <pctVal>0.338878343338</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Health Care Select Sector SPDR Fund</issuerName>
                <issueTitle>Health Care Select Sector SPDR Fund</issueTitle>
                <identifiers>
                  <cusip value="81369Y209"/>
                  <isin value="US81369Y2090"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>135.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>10055002.91000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>FXO004581 CALL EUR PUT GBP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="FXO004581"/>
        </identifiers>
        <balance>-73960000.00000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="0.86180900"/>
        <valUSD>-429.10000000</valUSD>
        <pctVal>-0.00000875525</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <fwdDeriv derivCat="FWD">
                  <counterparties>
                    <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
                    <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>Morgan Stanley &amp; Co. LLC</name>
                    <lei>9R7GPTSO7KV3UQJZQ078</lei>
                    <title>FX Contract</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="Internal Identifier" value="AEII85770E"/>
                    </identifiers>
                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>-429.10000000</valUSD>
                    <pctVal>0.00000000</pctVal>
                    <assetCat>DFE</assetCat>
                    <issuerConditional desc="derivative" issuerCat="OTHER"/>
                    <invCountry>GB</invCountry>
                  </derivAddlInfo>
                  <amtCurSold>-73960000.00000000</amtCurSold>
                  <curSold>EUR</curSold>
                  <amtCurPur>-66933800.00000000</amtCurPur>
                  <curPur>GBP</curPur>
                  <settlementDt>2025-12-11</settlementDt>
                </fwdDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>0.90500000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2025-12-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>401554.67000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>FXO004574 CALL EUR PUT GBP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="FXO004574"/>
        </identifiers>
        <balance>73960000.00000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="0.86180900"/>
        <valUSD>412019.32000000</valUSD>
        <pctVal>0.008406748007</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <fwdDeriv derivCat="FWD">
                  <counterparties>
                    <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
                    <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>Morgan Stanley &amp; Co. LLC</name>
                    <lei>9R7GPTSO7KV3UQJZQ078</lei>
                    <title>FX Contract</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="Internal Identifier" value="AEII85796E"/>
                    </identifiers>
                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>412019.32000000</valUSD>
                    <pctVal>0.01000000</pctVal>
                    <assetCat>DFE</assetCat>
                    <issuerConditional desc="derivative" issuerCat="OTHER"/>
                    <invCountry>XX</invCountry>
                  </derivAddlInfo>
                  <amtCurSold>64663228.00000000</amtCurSold>
                  <curSold>GBP</curSold>
                  <amtCurPur>73960000.00000000</amtCurPur>
                  <curPur>EUR</curPur>
                  <settlementDt>2025-12-11</settlementDt>
                </fwdDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>0.87430000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2025-12-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-861793.77000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>FXO004863 PUT USD CALL INR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="FXO004863"/>
        </identifiers>
        <balance>148650000.00000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>220299.30000000</valUSD>
        <pctVal>0.004494936551</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Deutsche Bank AG</counterpartyName>
              <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <fwdDeriv derivCat="FWD">
                  <counterparties>
                    <counterpartyName>Deutsche Bank AG</counterpartyName>
                    <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>Deutsche Bank AG</name>
                    <lei>7LTWFZYICNSX8D621K86</lei>
                    <title>FX Contract</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="Internal Identifier" value="AEIJ04944E"/>
                    </identifiers>
                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>220299.30000000</valUSD>
                    <pctVal>0.00000000</pctVal>
                    <assetCat>DFE</assetCat>
                    <issuerConditional desc="derivative" issuerCat="OTHER"/>
                    <invCountry>US</invCountry>
                  </derivAddlInfo>
                  <amtCurSold>13177822500.00000000</amtCurSold>
                  <curSold>INR</curSold>
                  <amtCurPur>148650000.00000000</amtCurPur>
                  <curPur>USD</curPur>
                  <settlementDt>2026-01-02</settlementDt>
                </fwdDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>88.65000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-02</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-493220.70000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.K. Gilts</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>U.K. Gilts</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BSQNRD01"/>
        </identifiers>
        <balance>104064815.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75545800"/>
        <valUSD>140348606.29000000</valUSD>
        <pctVal>2.863640875664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citibank NA</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>CITIBANK NA DDCA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="_X_SLCOLLCASH"/>
        </identifiers>
        <balance>7823752.78000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7823752.78000000</valUSD>
        <pctVal>0.159634063024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="7823752.78000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Please see notes to financial statements or N-PORT part F for a glossary of swap paid and received terms." noteItem="C.11.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-12-31</ncom:dateSigned>
      <ncom:nameOfApplicant>GOLDMAN SACHS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Allison Fracchiolla</ncom:signature>
      <ncom:signerName>Allison Fracchiolla</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
