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        <fairValLevel>2</fairValLevel>
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        <name>Chicago Board of Trade</name>
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      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
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      <invstOrSec>
        <name>ONEOK Inc</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>MIZUHO BANK LTD/NY</name>
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          <isin value="US60701A2K88"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Koch Cos LLC</name>
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          <isin value="US50000NE830"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-08</maturityDt>
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      <invstOrSec>
        <name>United States Treasury</name>
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        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CCP41"/>
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        <balance>34774000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
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        <title>General Motors Financial Co Inc</title>
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        <name>SUMITOMO MITSUI BANKING CORPOR</name>
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      <invstOrSec>
        <name>ALBION CAP CORP/LLC</name>
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        <name>PURE GROVE FUNDING</name>
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        <title>Pure Grove Funding</title>
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      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
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        <title>General Motors Financial Co Inc</title>
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        <name>PODIUM FUNDING TRUST</name>
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        <name>THUNDER BAY FNDNG LLC</name>
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        <name>Nederlandse Waterschapsbank NV</name>
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        <name>ANTALIS SA</name>
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        <title>Antalis SA</title>
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        <name>PURE GROVE FUNDING</name>
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        <title>Pure Grove Funding</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Podium Funding Trust</name>
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        <name>Jackson National Life Short Term Funding LLC</name>
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        <name>Sprott Physical Uranium Trust</name>
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        <name>Banco Santander SA/New York</name>
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        <name>DEUTSCHE BANK AG LDN</name>
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        <name>Salisbury Receivables Co LLC</name>
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        <name>LLOYDS BANK PLC</name>
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        <name>Lloyds Bank Corporate Markets PLC/New York NY</name>
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        <name>Salisbury Receivables Co LLC</name>
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        <name>BAYERISCHE LANDESBANK NY</name>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
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      <invstOrSec>
        <name>VERSAILLES COM PAPER LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS US CCP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAYER CORPORATION</name>
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      <invstOrSec>
        <name>BELL CANADA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MACQUARIE BANK LIMITED</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-10</maturityDt>
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      <invstOrSec>
        <name>JACKSON NTL L SHT TRM FD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TOTALENERGIES CAPITAL SA</name>
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        <title>TotalEnergies Capital SA</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VW CREDIT INC</name>
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        <title>VW Credit Inc</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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        <name>BRIGHTHOUSE FIN ST FDG</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>ALBION CAP CORP/LLC</name>
        <lei>N/A</lei>
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        <name>WESTPAC BANKING CORP</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp</title>
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        <invCountry>AU</invCountry>
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        <name>United States Treasury</name>
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        <name>KFW</name>
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        <title>Kreditanstalt fuer Wiederaufbau</title>
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        <name>STANDARD CHARTERED BK/NY</name>
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        <title>Standard Chartered Bank/New York</title>
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        <name>Salisbury Receivables Co LLC</name>
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        <issuerCat>CORP</issuerCat>
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        <name>LMA-Americas LLC</name>
        <lei>N/A</lei>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury</name>
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        <name>SOCIETE GENERALE</name>
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        <name>Banco Bilbao Vizcaya Argentaria/New York NY</name>
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        <name>Bank of New Zealand</name>
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        <name>Emerson Electric Co</name>
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        <name>Chicago Board of Trade</name>
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        <name>Jupiter Securitization Co LLC</name>
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        <name>BANCO SANTANDER SA/NY</name>
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        <name>Macquarie Group Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STANDARD CHARTERED BK/NY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RWE AG</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-20</maturityDt>
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        <name>BELL CANADA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AG LDN</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago Board of Trade</name>
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        <name>Eurex Deutschland</name>
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        <name>BARCLAYS US CCP</name>
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        <name>GENERAL MOTORS FINL CO</name>
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        <name>State Street Health Care Select Sector SPDR ETF</name>
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        <name>PENSKE TRUCK LEASING CO</name>
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        <name>United States Treasury</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ENEL FINANCE AMERICA LLC</name>
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      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria/New York NY</name>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC NY</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PODIUM FUNDING TRUST</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>BARCLAYS BK PLC NEW YORK BRH I</name>
        <lei>N/A</lei>
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        <cusip>06745GHC8</cusip>
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          <isin value="US06745GHC87"/>
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        <balance>31000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Credit Industriel et Commercial/New York</name>
        <lei>N4JDFKKH2FTD8RKFXO39</lei>
        <title>Credit Industriel et Commercial/New York</title>
        <cusip>22536WK39</cusip>
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        <balance>9000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CLP4</cusip>
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          <isin value="US91282CLP40"/>
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        <balance>204600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204424.17000000</valUSD>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LMA-Americas LLC</name>
        <lei>N/A</lei>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Charles Schwab Corp/The</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Albion Capital Corp SA / Albion Capital LLC</name>
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        <name>ANTALIS SA</name>
        <lei>549300G2LM2ZKZ0X4Y50</lei>
        <title>Antalis SA</title>
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        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <name>PARADELLE FUNDING LLC</name>
        <lei>N/A</lei>
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        <name>Iowa Health System</name>
        <lei>549300M1J9QXG1NVRE79</lei>
        <title>Iowa Health System</title>
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        <name>COLUMBIA FUNDING CO</name>
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      <invstOrSec>
        <name>JPMorgan Chase Bank NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>Long: ES131144  TRS EUR R E .SXDR INDEX / Short: ES131144  TRS EUR P V 00MESTR ESTRON + 34 BPS</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Antalis SA</name>
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        <name>iShares 7-10 Year Treasury Bond ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VW CREDIT INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CABOT TRAIL FUNDING LLC</name>
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        <name>Chicago Mercantile Exchange</name>
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        <name>Suncor Energy Inc</name>
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      <invstOrSec>
        <name>CHARLES SCHWAB CORP</name>
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        <name>BEDFORD ROW FUNDING CORP</name>
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        <name>BAYERISCHE LANDESBANK NY</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>WELLS FARGO BANK NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BASF SE</name>
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        <invCountry>GE</invCountry>
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        <fairValLevel>2</fairValLevel>
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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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        <name>NATWEST MARKETS PLC</name>
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        <name>MITSUBISHI UFJ TRUST AND BKNG</name>
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        <name>United States Treasury</name>
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        <name>TotalEnergies Capital USA LLC</name>
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        <name>United States Treasury</name>
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        <name>TORONTO DOMINION BANK NY</name>
        <lei>PT3QB789TSUIDF371261</lei>
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      <invstOrSec>
        <name>E.ON SE</name>
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        <name>NATL BANK OF KUWAIT NY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARK AVE COLL NOTES</name>
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        <name>COLUMBIA FUNDING CO</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-22</maturityDt>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC NY</name>
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      <invstOrSec>
        <name>Albion Capital Corp SA / Albion Capital LLC</name>
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        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-16</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>ARCHER DANIELS MIDLAND</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENEL FINANCE AMERICA LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-06</maturityDt>
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      <invstOrSec>
        <name>NATL BANK OF KUWAIT NY</name>
        <lei>549300NB7FE83IH6BW96</lei>
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        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>GENERAL MOTORS FINL CO</name>
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        <name>CHARLES SCHWAB CORP</name>
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        <name>Salisbury Receivables Co LLC</name>
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        <name>ALBION CAP CORP/LLC</name>
        <lei>N/A</lei>
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        <invCountry>LU</invCountry>

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        <name>National Bank of Canada</name>
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        <name>ELECTRICITE DE FRANCE</name>
        <lei>549300X3UK4GG3FNMO06</lei>
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        <name>United States Treasury</name>
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        <name>PARK AVE COLL NOTES</name>
        <lei>549300QFFTZ0K7V16U14</lei>
        <title>Park Avenue Collateralized Notes Co LLC</title>
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        <name>Bank of America NA</name>
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        <name>National Stock Exchange Of India</name>
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        <name>Penske Truck Leasing Co LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-06</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NATL BANK OF KUWAIT NY</name>
        <lei>549300NB7FE83IH6BW96</lei>
        <title>National Bank of Kuwait/New York NY</title>
        <cusip>63376GAL2</cusip>
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          <isin value="US63376GAL23"/>
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        <balance>36885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36899794.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.27000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CCJ8</cusip>
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          <isin value="US91282CCJ80"/>
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        <balance>1800600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1783930.39000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <maturityDt>2026-06-30</maturityDt>
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          <annualizedRt>0.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CKK6</cusip>
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          <isin value="US91282CKK61"/>
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        <balance>9520200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9538050.38000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <maturityDt>2026-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>4448585.80000000</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>2026-04-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.87000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALBERTA PROVINCE</name>
        <lei>LQPXMHHNJKIPJYE53543</lei>
        <title>Province of Alberta Canada</title>
        <cusip>01306NDL9</cusip>
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          <isin value="US01306NDL91"/>
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        <balance>45000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44763574.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-20</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invesco DB Commodity Index Tracking Fund</name>
        <lei>549300HIW8J5DIIYYM41</lei>
        <title>Invesco DB Commodity Index Tracking Fund</title>
        <cusip>46138B103</cusip>
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          <isin value="US46138B1035"/>
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        <balance>525162.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13181566.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797TJ6</cusip>
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          <isin value="US912797TJ68"/>
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        <balance>584100.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>581167.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-21</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Versailles Commercial Paper LLC</name>
        <lei>N/A</lei>
        <title>Versailles Commercial Paper LLC</title>
        <cusip>92513JTH8</cusip>
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          <isin value="US92513JTH85"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15000498.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.84000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chevron Corp</name>
        <lei>N/A</lei>
        <title>Chevron Corp</title>
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          <isin value="US16677KFS78"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14821962.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-26</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797TC1</cusip>
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          <isin value="US912797TC16"/>
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        <balance>3660300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3558108.05000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
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        <balance>30000000.00000000</balance>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>WALT DISNEY COMPANY</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Co/The</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-22</maturityDt>
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        <name>Pure Grove Funding</name>
        <lei>5493001D6K5CFMBUWV36</lei>
        <title>Pure Grove Funding</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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      <invstOrSec>
        <name>New York Life Short Term Funding LLC</name>
        <lei>N/A</lei>
        <title>New York Life Short Term Funding LLC</title>
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          <isin value="US64952YEL92"/>
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        <balance>25000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-20</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Jackson National Life Short Term Funding LLC</name>
        <lei>N/A</lei>
        <title>Jackson National Life Short Term Funding LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-22</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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        <balance>14654000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14571163.87000000</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>2026-04-23</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Hannover Funding Co LLC</name>
        <lei>549300Q4LWLYRV25UY62</lei>
        <title>Hannover Funding Co LLC</title>
        <cusip>41068LCB0</cusip>
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          <isin value="US41068LCB09"/>
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        <balance>9913000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9900238.99000000</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>2026-03-11</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Collateralized Commercial Paper V Co LLC</name>
        <lei>549300ZLXI3T111CH173</lei>
        <title>Collateralized Commercial Paper V Co LLC</title>
        <cusip>19423RRM3</cusip>
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          <isin value="US19423RRM33"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19999998.00000000</valUSD>
        <pctVal>0.390759782425</pctVal>
        <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>Variable</couponKind>
          <annualizedRt>3.92000000</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>Alimentation Couche-Tard Inc</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>Alimentation Couche-Tard Inc</title>
        <cusip>01626VC68</cusip>
        <identifiers>
          <isin value="US01626VC680"/>
        </identifiers>
        <balance>30998000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30974615.11000000</valUSD>
        <pctVal>0.605181753572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-06</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO MITSUI BANKING CORPOR</name>
        <lei>N/A</lei>
        <title>SUMITOMO MITSUI BANKING CORPOR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS3274806184"/>
        </identifiers>
        <balance>9000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8873563.50000000</valUSD>
        <pctVal>0.173371604467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-13</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2026-03-31</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>
</edgarSubmission>
