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      <regLei>549300EW16IGZDA38J20</regLei>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust 2019-B</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 2019-B</title>
        <cusip>44891JAD0</cusip>
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          <isin value="US44891JAD00"/>
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        <balance>5370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5363985.60000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <title>Bank of America Corp.</title>
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          <isin value="US06051GGP81"/>
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        <balance>3385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3392074.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-21</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20</title>
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          <isin value="US61764RBF47"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93186.90000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Honda Auto Receivables 2018-3 Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2018-3 Owner Trust</title>
        <cusip>43815HAD9</cusip>
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          <isin value="US43815HAD98"/>
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        <balance>8110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8268145.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.07000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MMAF Equipment Finance LLC 2018-A</name>
        <lei>N/A</lei>
        <title>MMAF Equipment Finance LLC 2018-A</title>
        <cusip>60700DAD0</cusip>
        <identifiers>
          <isin value="US60700DAD03"/>
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        <balance>6490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6656728.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.39000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
        <cusip>404280BF5</cusip>
        <identifiers>
          <isin value="US404280BF56"/>
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        <balance>36300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36696033.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toyota Auto Receivables 2018-C Owner Trust</name>
        <lei>N/A</lei>
        <title>Toyota Auto Receivables 2018-C Owner Trust</title>
        <cusip>89231AAE1</cusip>
        <identifiers>
          <isin value="US89231AAE10"/>
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        <balance>14270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14657858.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust 2018-B</name>
        <lei>549300INMCHM7L5O6M41</lei>
        <title>SMB Private Education Loan Trust 2018-B</title>
        <cusip>78449LAB4</cusip>
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          <isin value="US78449LAB45"/>
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        <balance>1370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1416689.60000000</valUSD>
        <pctVal>0.022113672291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Auto Lease Securitization Trust 2018-B</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Lease Securitization Trust 2018-B</title>
        <cusip>44935QAD2</cusip>
        <identifiers>
          <isin value="US44935QAD25"/>
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        <balance>11802000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11865376.74000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lanark Master Issuer plc</name>
        <lei>213800KIOPB5OYXIVY33</lei>
        <title>Lanark Master Issuer PLC</title>
        <cusip>513770AY3</cusip>
        <identifiers>
          <isin value="US513770AY34"/>
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        <balance>3106200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3104460.53000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-12-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.31875000</annualizedRt>
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      <invstOrSec>
        <name>Nissan Auto Receivables 2018-B Owner Trust</name>
        <lei>N/A</lei>
        <title>Nissan Auto Receivables 2018-B Owner Trust</title>
        <cusip>65479GAE9</cusip>
        <identifiers>
          <isin value="US65479GAE98"/>
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        <balance>12310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12625136.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.16000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Trafigura Securitisation Finance plc 2017-1</name>
        <lei>N/A</lei>
        <title>Trafigura Securitisation Finance PLC 2017-1</title>
        <cusip>892725AF9</cusip>
        <identifiers>
          <isin value="US892725AF98"/>
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        <balance>1870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1870584.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.47000000</annualizedRt>
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        <name>Japan Bank for International Cooperation</name>
        <lei>549300TJ3QFYVCTSCJ29</lei>
        <title>Japan Bank for International Cooperation</title>
        <cusip>471048BR8</cusip>
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          <isin value="US471048BR88"/>
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        <balance>24300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24785514.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <name>MMAF Equipment Finance LLC 2017-A</name>
        <lei>N/A</lei>
        <title>MMAF Equipment Finance LLC 2017-A</title>
        <cusip>55315XAE1</cusip>
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          <isin value="US55315XAE13"/>
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        <balance>5160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5228112.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.68000000</annualizedRt>
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        <name>National Australia Bank Ltd.</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>National Australia Bank Ltd./New York</title>
        <cusip>63254AAR9</cusip>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14980050.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2016-REV2</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Owner Trust 2016-REV2</title>
        <cusip>34531BAA0</cusip>
        <identifiers>
          <isin value="US34531BAA08"/>
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        <balance>21710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21708914.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Auto Receivables 2018-A Owner Trust</name>
        <lei>N/A</lei>
        <title>Toyota Auto Receivables 2018-A Owner Trust</title>
        <cusip>89238BAE2</cusip>
        <identifiers>
          <isin value="US89238BAE20"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>483816.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.52000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2019-C49</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2019-C49</title>
        <cusip>95001WBB3</cusip>
        <identifiers>
          <isin value="US95001WBB37"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.71400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>N/A</lei>
        <title>Freddie Mac Gold Pool</title>
        <cusip>3128P7J53</cusip>
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          <isin value="US3128P7J538"/>
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        <balance>5318.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6005.03000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc.</title>
        <cusip>17308CC46</cusip>
        <identifiers>
          <isin value="US17308CC463"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5012800.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.31200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
        <title>CarMax Auto Owner Trust</title>
        <cusip>14313FAE9</cusip>
        <identifiers>
          <isin value="US14313FAE97"/>
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        <balance>14840000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15240383.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.27000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>9128284T4</cusip>
        <identifiers>
          <isin value="US9128284T44"/>
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        <balance>18000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18258840.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dell Equipment Finance Trust 2018-2</name>
        <lei>N/A</lei>
        <title>Dell Equipment Finance Trust 2018-2</title>
        <cusip>24704DAC4</cusip>
        <identifiers>
          <isin value="US24704DAC48"/>
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        <balance>11290250.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11332928.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.16000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Trust 2014-GC26</name>
        <lei>549300V3F4KBEWHAZP46</lei>
        <title>GS Mortgage Securities Trust 2014-GC26</title>
        <cusip>36250HAE3</cusip>
        <identifiers>
          <isin value="US36250HAE36"/>
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        <balance>1380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1458508.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62900000</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>GlaxoSmithKline Capital plc</name>
        <lei>549300U0LV41VX7LEP38</lei>
        <title>GlaxoSmithKline Capital plc</title>
        <cusip>377373AJ4</cusip>
        <identifiers>
          <isin value="US377373AJ42"/>
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        <balance>38600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39422566.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</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>State Grid Overseas Investment 2016 Ltd.</name>
        <lei>3003006V8BHG5158QO96</lei>
        <title>State Grid Overseas Investment 2016 Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USG8450LAJ38"/>
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        <balance>3630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3807681.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Trust 2015-GC30</name>
        <lei>549300L45M7638EL0H21</lei>
        <title>GS Mortgage Securities Trust 2015-GC30</title>
        <cusip>36250GAP0</cusip>
        <identifiers>
          <isin value="US36250GAP00"/>
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        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5237.75000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.38200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Verizon Owner Trust 2018-A</name>
        <lei>549300DBBHVB9QKK8Q94</lei>
        <title>Verizon Owner Trust 2018-A</title>
        <cusip>92348XAA3</cusip>
        <identifiers>
          <isin value="US92348XAA37"/>
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        <balance>45350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46052018.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.23000000</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>Benchmark 2018-B1 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B1 Mortgage Trust</title>
        <cusip>08162PAX9</cusip>
        <identifiers>
          <isin value="US08162PAX96"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>269250.00000000</valUSD>
        <pctVal>0.004202830503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.66600000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sofi Professional Loan Program 2017-B LLC</name>
        <lei>549300THMTEP636GV478</lei>
        <title>Sofi Professional Loan Program 2017-B LLC</title>
        <cusip>83403YAB0</cusip>
        <identifiers>
          <isin value="US83403YAB02"/>
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        <balance>759954.13000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>769088.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.74000000</annualizedRt>
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      <invstOrSec>
        <name>BANK 2017-BNK6</name>
        <lei>N/A</lei>
        <title>BANK 2017-BNK6</title>
        <cusip>060352AF8</cusip>
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          <isin value="US060352AF84"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>447749.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.51800000</annualizedRt>
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      <invstOrSec>
        <name>Harvest Operations Corp.</name>
        <lei>B1EEF6ML54YDWRC6ZK53</lei>
        <title>Harvest Operations Corp.</title>
        <cusip>41754WAS0</cusip>
        <identifiers>
          <isin value="US41754WAS08"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Ally Auto Receivables Trust 2019-1</name>
        <lei>N/A</lei>
        <title>Ally Auto Receivables Trust 2019-1</title>
        <cusip>02004WAD3</cusip>
        <identifiers>
          <isin value="US02004WAD39"/>
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        <balance>5520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5650989.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.02000000</annualizedRt>
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      <invstOrSec>
        <name>World Omni Select Auto Trust 2018-1</name>
        <lei>N/A</lei>
        <title>World Omni Select Auto Trust 2018-1</title>
        <cusip>98162DAC3</cusip>
        <identifiers>
          <isin value="US98162DAC39"/>
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        <balance>11202479.17000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11215586.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.24000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ameriprise Financial Inc.</name>
        <lei>6ZLKQF7QB6JAEKQS5388</lei>
        <title>Ameriprise Financial Inc.</title>
        <cusip>03076CAJ5</cusip>
        <identifiers>
          <isin value="US03076CAJ53"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2044640.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2013-CCRE12 Mortgage Trust</name>
        <lei>549300MGZ5FI5VFL1177</lei>
        <title>COMM 2013-CCRE12 Mortgage Trust</title>
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          <isin value="US12591KAE55"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank</title>
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          <isin value="US89114QC484"/>
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        <balance>15085000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2014-GC23</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2014-GC23</title>
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          <isin value="US17322VAT35"/>
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        <balance>756000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AG7C0</cusip>
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          <isin value="US3136AG7C01"/>
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        <balance>8281133.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8204284.42000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>912828YK0</cusip>
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          <isin value="US912828YK04"/>
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        <balance>110000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-15</maturityDt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PSNH Funding LLC 3</name>
        <lei>N/A</lei>
        <title>Public Service New Hampshire Funding LLC 2018-1</title>
        <cusip>69363PAA8</cusip>
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          <isin value="US69363PAA84"/>
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        <balance>5096955.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5194409.21000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137B32H0</cusip>
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          <isin value="US3137B32H02"/>
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        <balance>15036146.49000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14850149.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>US 10YR ULTRA FUT MAR20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UXYH0"/>
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        <balance>-487.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-68522421.88000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>BANK OF AMERICA, N.A.</counterpartyName>
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            <payOffProf>N/A</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="UXYH0"/>
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            <unrealizedAppr>893864.97</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DBJPM 17-C6 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>DBJPM 17-C6 Mortgage Trust</title>
        <cusip>23312JAF0</cusip>
        <identifiers>
          <isin value="US23312JAF03"/>
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        <balance>740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773499.80000000</valUSD>
        <pctVal>0.012073866494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.32800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMM 2013-LC13 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2013-LC13 Mortgage Trust</title>
        <cusip>12626GAF0</cusip>
        <identifiers>
          <isin value="US12626GAF00"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160098.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK 2017-BNK6</name>
        <lei>N/A</lei>
        <title>BANK 2017-BNK6</title>
        <cusip>060352AJ0</cusip>
        <identifiers>
          <isin value="US060352AJ07"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32021.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.74100000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Korea Development Bank</name>
        <lei>549300ML2LNRZUCS7149</lei>
        <title>Korea Development Bank</title>
        <cusip>500630CR7</cusip>
        <identifiers>
          <isin value="US500630CR79"/>
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        <balance>11225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11248684.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.57750000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Grantor Trust 2017-T1</name>
        <lei>N/A</lei>
        <title>Fannie Mae Grantor Trust 2017-T1</title>
        <cusip>3136AV6R5</cusip>
        <identifiers>
          <isin value="US3136AV6R53"/>
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        <balance>12994645.49000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13334585.42000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.89800000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>IDB Trust Services Ltd.</name>
        <lei>213800VKLEPJ95I3W549</lei>
        <title>IDB Trust Services Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1595895951"/>
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        <balance>25625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25840890.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.39300000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS-Barclays Commercial Mortgage Trust 2013-C6</name>
        <lei>549300G1IXWLFE766Q13</lei>
        <title>UBS-Barclays Commercial Mortgage Trust 2013-C6</title>
        <cusip>90349GBH7</cusip>
        <identifiers>
          <isin value="US90349GBH74"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61746BED4</cusip>
        <identifiers>
          <isin value="US61746BED47"/>
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        <balance>14452000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14614295.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark 2018-B3 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B3 Mortgage Trust</title>
        <cusip>08161BAY9</cusip>
        <identifiers>
          <isin value="US08161BAY92"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275765.00000000</valUSD>
        <pctVal>0.004304525733</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.02500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2012-C8</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2012-C8</title>
        <cusip>46638UAH9</cusip>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SoFi Professional Loan Program 2017-A LLC</name>
        <lei>N/A</lei>
        <title>SoFi Professional Loan Program 2017-A LLC</title>
        <cusip>83404FAC8</cusip>
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          <isin value="US83404FAC86"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Poland Government International Bond</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>Republic of Poland Government International Bond</title>
        <cusip>857524AB8</cusip>
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          <isin value="US857524AB80"/>
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        <balance>20630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22017161.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Resimac MBS Trust</name>
        <lei>N/A</lei>
        <title>Resimac MBS Trust</title>
        <cusip>76119TAA2</cusip>
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          <isin value="US76119TAA25"/>
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        <balance>3792544.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3788747.71000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.56513000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
        <title>National Bank of Canada</title>
        <cusip>63307CAG6</cusip>
        <identifiers>
          <isin value="US63307CAG69"/>
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        <balance>7250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7244345.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>5YR TREASURY NOTE MAR20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FVH0"/>
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        <balance>-918.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-108883406.30000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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                  <ticker value="FVH0"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Corp Andina de Fomento</name>
        <lei>UKZ46SXGNYCZK0UOZE76</lei>
        <title>Corp. Andina de Fomento</title>
        <cusip>219868BY1</cusip>
        <identifiers>
          <isin value="US219868BY14"/>
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        <balance>2307000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2305777.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</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>GS Mortgage Securities Corp. II</name>
        <lei>5493005BBCF84ICNQ550</lei>
        <title>GS Mortgage Securities Corp. II</title>
        <cusip>36250SAE9</cusip>
        <identifiers>
          <isin value="US36250SAE90"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277762.50000000</valUSD>
        <pctVal>0.004335705506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.15500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2017-P8</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2017-P8</title>
        <cusip>17326DAD4</cusip>
        <identifiers>
          <isin value="US17326DAD49"/>
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        <balance>1085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1147376.65000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.46500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aventura Mall Trust</name>
        <lei>N/A</lei>
        <title>Aventura Mall Trust</title>
        <cusip>05359AAA1</cusip>
        <identifiers>
          <isin value="US05359AAA16"/>
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        <balance>740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>818432.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.11232000</annualizedRt>
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      <invstOrSec>
        <name>JPMDB Commercial Mortgage Securities Trust 2018-C8</name>
        <lei>N/A</lei>
        <title>JPMDB Commercial Mortgage Securities Trust 2018-C8</title>
        <cusip>46591ABA2</cusip>
        <identifiers>
          <isin value="US46591ABA25"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254373.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.21060000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2017-C38</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2017-C38</title>
        <cusip>95001MAF7</cusip>
        <identifiers>
          <isin value="US95001MAF77"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>551340.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45300000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lithuania Government International Bond</name>
        <lei>529900F7Y171QF1RSU09</lei>
        <title>Republic of Lithuania</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0602546136"/>
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        <balance>17510000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18344847.03000000</valUSD>
        <pctVal>0.286352024791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ally Auto Receivables Trust 2017-5</name>
        <lei>N/A</lei>
        <title>Ally Auto Receivables Trust 2017-5</title>
        <cusip>02007YAD6</cusip>
        <identifiers>
          <isin value="US02007YAD67"/>
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        <balance>7700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7719712.00000000</valUSD>
        <pctVal>0.120500059683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.22000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>9128285B2</cusip>
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          <isin value="US9128285B27"/>
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        <balance>200000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201624000.00000000</valUSD>
        <pctVal>3.147229331055</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banc of America Commercial Mortgage Trust 2017-BNK3</name>
        <lei>N/A</lei>
        <title>Banc of America Commercial Mortgage Trust 2017-BNK3</title>
        <cusip>06427DAS2</cusip>
        <identifiers>
          <isin value="US06427DAS27"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170937.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.57400000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2014-GC19</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2014-GC19</title>
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        <name>CD 2017-CD5 Mortgage Trust</name>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
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        <name>Toyota Motor Corp.</name>
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        <name>Honda Auto Receivables 2018-3 Owner Trust</name>
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        <name>Dexia Credit Local SA</name>
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        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16</name>
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        <name>BP Capital Markets America Inc.</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>Honda Auto Receivables 2019-1 Owner Trust</name>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2015-GC31</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>MUFG Union Bank NA</name>
        <lei>OX3PU53ZLPQKJ4700D47</lei>
        <title>MUFG Union Bank NA</title>
        <cusip>90520EAK7</cusip>
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          <isin value="US90520EAK73"/>
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        <valUSD>4008040.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137BHRW9</cusip>
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          <isin value="US3137BHRW92"/>
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        <balance>26702477.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26140390.45000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Commercial Mortgage-Backed Securities Trust 2011-RR1</name>
        <lei>N/A</lei>
        <title>JP Morgan Commercial Mortgage-Backed Securities Trust 2011-RR1</title>
        <cusip>46635WAC9</cusip>
        <identifiers>
          <isin value="US46635WAC91"/>
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        <balance>4956903.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-16</maturityDt>
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      <invstOrSec>
        <name>COMM 2014-CCRE17 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE17 Mortgage Trust</title>
        <cusip>12631DBB8</cusip>
        <identifiers>
          <isin value="US12631DBB82"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>531225.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.97700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
        <title>Berkshire Hathaway Energy Co.</title>
        <cusip>084659AH4</cusip>
        <identifiers>
          <isin value="US084659AH41"/>
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        <balance>3325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3335706.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Bank for International Cooperation</name>
        <lei>549300TJ3QFYVCTSCJ29</lei>
        <title>Japan Bank for International Cooperation</title>
        <cusip>471048BN7</cusip>
        <identifiers>
          <isin value="US471048BN74"/>
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        <balance>12500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12519875.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</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>Securitized Term Auto Receivables Trust 2018-1</name>
        <lei>N/A</lei>
        <title>Securitized Term Auto Receivables Trust 2018-1</title>
        <cusip>81376QAE8</cusip>
        <identifiers>
          <isin value="US81376QAE89"/>
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        <balance>4030000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4104635.60000000</valUSD>
        <pctVal>0.064070892124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.29800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2014-LC16</name>
        <lei>549300PX4QZK7CUM8D08</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2014-LC16</title>
        <cusip>94988XAU0</cusip>
        <identifiers>
          <isin value="US94988XAU00"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21195.40000000</valUSD>
        <pctVal>0.000330847441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.81700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nissan Auto Receivables 2019-B Owner Trust</name>
        <lei>N/A</lei>
        <title>Nissan Auto Receivables 2019-B Owner Trust</title>
        <cusip>65479HAC1</cusip>
        <identifiers>
          <isin value="US65479HAC16"/>
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        <balance>6420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6485676.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Qatar Government International Bond</name>
        <lei>52990074F6OJOAXK4P65</lei>
        <title>State of Qatar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0615236006"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6285150.00000000</valUSD>
        <pctVal>0.098107409981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Trust 2013-GCJ14</name>
        <lei>549300ITVQSU1IHX4H03</lei>
        <title>GS Mortgage Securities Trust 2013-GCJ14</title>
        <cusip>36198FAD4</cusip>
        <identifiers>
          <isin value="US36198FAD42"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62499.00000000</valUSD>
        <pctVal>0.000975571786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Synchrony Credit Card Master Note Trust 2017-2</name>
        <lei>N/A</lei>
        <title>Synchrony Credit Card Master Note Trust</title>
        <cusip>87165LBU4</cusip>
        <identifiers>
          <isin value="US87165LBU44"/>
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        <balance>13560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13765976.40000000</valUSD>
        <pctVal>0.214878609176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2018-H4</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2018-H4</title>
        <cusip>61691RAC0</cusip>
        <identifiers>
          <isin value="US61691RAC07"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186282.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.24700000</annualizedRt>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2013-C13</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2013-C13</title>
        <cusip>46640JAR8</cusip>
        <identifiers>
          <isin value="US46640JAR86"/>
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        <balance>709886.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>747183.83000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99360000</annualizedRt>
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      <invstOrSec>
        <name>JPMDB Commercial Mortgage Securities Trust 2016-C4</name>
        <lei>N/A</lei>
        <title>JPMDB Commercial Mortgage Securities Trust 2016-C4</title>
        <cusip>46646RAJ2</cusip>
        <identifiers>
          <isin value="US46646RAJ23"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82795.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.14130000</annualizedRt>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46647PAE6</cusip>
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        <balance>15045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15222982.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.77600000</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>Mercedes-Benz Master Owner Trust 2019-BA</name>
        <lei>N/A</lei>
        <title>Mercedes-Benz Master Owner Trust 2019-BA</title>
        <cusip>58768UAM5</cusip>
        <identifiers>
          <isin value="US58768UAM53"/>
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        <balance>25720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26043043.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.61000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <lei>N/A</lei>
        <title>BANK 2018-BNK14</title>
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          <isin value="US06035RAQ92"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2015-C31</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2015-C31</title>
        <cusip>46644YAU4</cusip>
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          <isin value="US46644YAU47"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234517.80000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-15</maturityDt>
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      <invstOrSec>
        <name>Gosforth Funding 2018-1 plc</name>
        <lei>213800GD24WOLHNGMP34</lei>
        <title>Gosforth Funding 2018-1 plc</title>
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          <isin value="US38312RAA14"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-08-25</maturityDt>
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      <invstOrSec>
        <name>MMAF Equipment Finance LLC 2015-A</name>
        <lei>N/A</lei>
        <title>MMAF Equipment Finance LLC 2015-A</title>
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          <isin value="US55315GAE89"/>
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        <balance>987137.23000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-19</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137FQ5B5</cusip>
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          <isin value="US3137FQ5B59"/>
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        <balance>3954636.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3968240.27000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK 2017-BNK5</name>
        <lei>N/A</lei>
        <title>BANK 2017-BNK5</title>
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          <isin value="US06541WAX02"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285616.80000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Honda Auto Receivables 2017-4 Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2017-4 Owner Trust</title>
        <cusip>43813FAD5</cusip>
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          <isin value="US43813FAD50"/>
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        <balance>4910000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-21</maturityDt>
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      <invstOrSec>
        <name>Kuwait International Government Bond</name>
        <lei>549300FSC1YD0D9XX589</lei>
        <title>State of Kuwait</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1582346703"/>
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        <balance>9727000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2014-C21</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2014-C21</title>
        <cusip>46642EAX4</cusip>
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          <isin value="US46642EAX40"/>
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        <balance>232755.80000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
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      <invstOrSec>
        <name>Discover Card Execution Note Trust</name>
        <lei>549300CKCX1QE4RUW216</lei>
        <title>Discover Card Execution Note Trust</title>
        <cusip>254683CK9</cusip>
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          <isin value="US254683CK92"/>
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        <balance>14110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14444971.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Navient Student Loan Trust 2017-1</name>
        <lei>N/A</lei>
        <title>Navient Student Loan Trust 2017-1</title>
        <cusip>63940NAB6</cusip>
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          <isin value="US63940NAB64"/>
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        <balance>8121194.51000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8138655.08000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <title>Mitsubishi UFJ Financial Group Inc.</title>
        <cusip>606822BA1</cusip>
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          <isin value="US606822BA15"/>
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        <balance>9540000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-26</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust 2018-C</name>
        <lei>549300V1P5RKG8RJI005</lei>
        <title>SMB Private Education Loan Trust 2018-C</title>
        <cusip>78449QAB3</cusip>
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        <balance>2530000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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        <balance>10000000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
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          <annualizedRt>3.20700000</annualizedRt>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
        <cusip>961214DS9</cusip>
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        <balance>11725000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2014-LC16</name>
        <lei>549300PX4QZK7CUM8D08</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2014-LC16</title>
        <cusip>94988XAT3</cusip>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93798.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Santander UK plc</name>
        <lei>PTCQB104N23FMNK2RZ28</lei>
        <title>Santander UK plc</title>
        <cusip>80283LAT0</cusip>
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          <isin value="US80283LAT08"/>
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        <balance>24000000.00000000</balance>
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        <valUSD>24479760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2013-CCRE11 Mortgage Trust</name>
        <lei>549300BCCWSDWINK2593</lei>
        <title>COMM 2013-CCRE11 Mortgage Trust</title>
        <cusip>12626LAD4</cusip>
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          <isin value="US12626LAD47"/>
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        <balance>923755.01000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2016-REV1</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Owner Trust 2016-REV1</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CDP Financial Inc.</name>
        <lei>549300OXMGVYFCBFV096</lei>
        <title>CDP Financial Inc.</title>
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          <isin value="US125094AQ51"/>
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        <curCd>USD</curCd>
        <valUSD>1825250.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
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                <issuerName>3 Month LIBOR</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>USAA Auto Owner Trust 2019-1</name>
        <lei>N/A</lei>
        <title>USAA Auto Owner Trust 2019-1</title>
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          <isin value="US90290EAC30"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2013-C18</name>
        <lei>549300O5GNH0TNJ6B119</lei>
        <title>WFRBS Commercial Mortgage Trust 2013-C18</title>
        <cusip>96221QAE3</cusip>
        <identifiers>
          <isin value="US96221QAE35"/>
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        <balance>1041673.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1112902.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Honda Auto Receivables 2019-3 Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2019-3 Owner Trust</title>
        <cusip>43815NAD6</cusip>
        <identifiers>
          <isin value="US43815NAD66"/>
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        <balance>7800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7747818.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
        <cusip>025816BY4</cusip>
        <identifiers>
          <isin value="US025816BY42"/>
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        <balance>10550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10865339.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AEAD9</cusip>
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          <isin value="US3136AEAD99"/>
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        <balance>9080976.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8820716.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>BANK 2017-BNK6</name>
        <lei>N/A</lei>
        <title>BANK 2017-BNK6</title>
        <cusip>060352AE1</cusip>
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          <isin value="US060352AE10"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>458950.80000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25400000</annualizedRt>
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      <invstOrSec>
        <name>Capital One Prime Auto Receivables Trust 2019-1</name>
        <lei>N/A</lei>
        <title>Capital One Prime Auto Receivables Trust 2019-1</title>
        <cusip>14042WAD2</cusip>
        <identifiers>
          <isin value="US14042WAD20"/>
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        <balance>5380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5454782.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.56000000</annualizedRt>
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      <invstOrSec>
        <name>Inter-American Development Bank</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
        <title>Inter-American Development Bank</title>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150279.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
        <cusip>961214DA8</cusip>
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          <isin value="US961214DA83"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5000550.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Honda Auto Receivables 2019-3 Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2019-3 Owner Trust</title>
        <cusip>43815NAC8</cusip>
        <identifiers>
          <isin value="US43815NAC83"/>
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        <balance>26800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26740504.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.78000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2016-BNK2</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2016-BNK2</title>
        <cusip>61690YBU5</cusip>
        <identifiers>
          <isin value="US61690YBU55"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155347.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.04900000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carmax Auto Owner Trust 2018-4</name>
        <lei>N/A</lei>
        <title>Carmax Auto Owner Trust 2018-4</title>
        <cusip>14315EAD2</cusip>
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          <isin value="US14315EAD22"/>
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        <balance>5320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5525139.20000000</valUSD>
        <pctVal>0.086244098660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.48000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11</title>
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          <isin value="US46639YAQ08"/>
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        <curCd>USD</curCd>
        <valUSD>818240.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Auto Receivables Trust 2019-B</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 2019-B</title>
        <cusip>44891JAC2</cusip>
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          <isin value="US44891JAC27"/>
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        <balance>19020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19024184.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Trafigura Securitisation Finance plc 2018-1</name>
        <lei>N/A</lei>
        <title>Trafigura Securitisation Finance PLC 2018-1</title>
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          <isin value="US892725AK83"/>
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        <balance>4650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4741577.10000000</valUSD>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-03-15</maturityDt>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc.</title>
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          <isin value="US606822BJ24"/>
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        <balance>1560000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-18</maturityDt>
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      <invstOrSec>
        <name>DLL 2019-1 LLC</name>
        <lei>N/A</lei>
        <title>DLL Securitization Trust Series 2019-DA1</title>
        <cusip>23291GAC8</cusip>
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          <isin value="US23291GAC87"/>
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        <balance>13970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14084693.70000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-20</maturityDt>
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          <annualizedRt>2.89000000</annualizedRt>
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      <invstOrSec>
        <name>Navient Student Loan Trust 2016-6</name>
        <lei>N/A</lei>
        <title>Navient Student Loan Trust 2016-6</title>
        <cusip>63940LAB0</cusip>
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          <isin value="US63940LAB09"/>
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        <balance>27300233.05000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27344459.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.54200000</annualizedRt>
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      <invstOrSec>
        <name>MMAF Equipment Finance LLC 2016-A</name>
        <lei>N/A</lei>
        <title>MMAF Equipment Finance LLC 2016-A</title>
        <cusip>55315FAE0</cusip>
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          <isin value="US55315FAE07"/>
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        <balance>8390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8395453.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.21000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nissan Auto Lease Trust 2018-A</name>
        <lei>N/A</lei>
        <title>Nissan Auto Lease Trust 2018-A</title>
        <cusip>65478BAE1</cusip>
        <identifiers>
          <isin value="US65478BAE11"/>
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        <balance>12040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12192546.80000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Korea Development Bank</name>
        <lei>549300ML2LNRZUCS7149</lei>
        <title>Korea Development Bank</title>
        <cusip>500630CX4</cusip>
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          <isin value="US500630CX48"/>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50030000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.38438000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Hudson Yards 2019-30HY Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Hudson Yards 2019-30HY Mortgage Trust</title>
        <cusip>44421GAA1</cusip>
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          <isin value="US44421GAA13"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>432654.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-10</maturityDt>
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          <annualizedRt>3.22800000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15</title>
        <cusip>61763KBA1</cusip>
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          <isin value="US61763KBA16"/>
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        <balance>2065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2193670.15000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05100000</annualizedRt>
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      <invstOrSec>
        <name>Harley-Davidson Motorcycle Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Harley-Davidson Motorcycle Trust 2019-A</title>
        <cusip>41284WAD2</cusip>
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          <isin value="US41284WAD20"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3618216.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.39000000</annualizedRt>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2013-C15</name>
        <lei>5493003CHVRASC16O965</lei>
        <title>WFRBS Commercial Mortgage Trust 2013-C15</title>
        <cusip>92938CAD9</cusip>
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          <isin value="US92938CAD92"/>
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        <balance>526000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
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        <name>Ontario Teachers' Finance Trust</name>
        <lei>635400ZZE5J8OXXBBY26</lei>
        <title>Ontario Teachers' Finance Trust</title>
        <cusip>68329AAA6</cusip>
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          <isin value="US68329AAA60"/>
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        <balance>20000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-19</maturityDt>
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          <annualizedRt>2.12500000</annualizedRt>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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          <isin value="US06051GGY98"/>
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        <balance>33000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-23</maturityDt>
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      <invstOrSec>
        <name>John Deere Owner Trust 2019-B</name>
        <lei>N/A</lei>
        <title>John Deere Owner Trust 2019-B</title>
        <cusip>477870AC3</cusip>
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          <isin value="US477870AC37"/>
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        <balance>15670000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.21000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2014-C20</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2014-C20</title>
        <cusip>46642CBK5</cusip>
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          <isin value="US46642CBK53"/>
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        <balance>311346.75000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2047-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.46140000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Manufacturers &amp; Traders Trust Co.</name>
        <lei>WWB2V0FCW3A0EE3ZJN75</lei>
        <title>Manufacturers &amp; Traders Trust Co.</title>
        <cusip>55279HAL4</cusip>
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        <name>UBS Group AG</name>
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        <name>CNOOC Finance 2015 Australia Pty Ltd.</name>
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        <name>Latvia Government International Bond</name>
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        <cusip>N/A</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LV</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12</name>
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        <name>DLL 2019-2 LLC</name>
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        <name>Korea Development Bank</name>
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        <name>EOG Resources Inc.</name>
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        <name>CarMax Auto Owner Trust 2017-3</name>
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        <name>Ford Credit Floorplan Master Owner Trust A</name>
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        <name>Carmax Auto Owner Trust 2019-4</name>
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        <name>Citigroup Commercial Mortgage Trust 2013-GC15</name>
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        <name>COMM 2015-LC19 Mortgage Trust</name>
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        <name>WFRBS Commercial Mortgage Trust 2012-C8</name>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2018-B</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Hyundai Auto Lease Securitization Trust 2019-A</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RESIMAC Bastille Trust Series 2018-1NC</name>
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        <title>RESIMAC Bastille Trust Series 2018-1NC</title>
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          <isin value="US76118VAA89"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pepper Residential Securities Trust No 17</name>
        <lei>N/A</lei>
        <title>Pepper Residential Securities Trust No 17</title>
        <cusip>71337HAA5</cusip>
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          <isin value="US71337HAA59"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19</name>
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          <isin value="US61764PBS02"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Lloyds Banking Group plc</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-07</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>HPEFS Equipment Trust 2019-1</name>
        <lei>549300NXXXDG2TJQD265</lei>
        <title>HPEFS Equipment Trust 2019-1</title>
        <cusip>40438DAB5</cusip>
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          <isin value="US40438DAB55"/>
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        <balance>6400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6408064.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.19000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc.</title>
        <cusip>606822BL7</cusip>
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          <isin value="US606822BL79"/>
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        <balance>15615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15816121.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62300000</annualizedRt>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
        <cusip>14912L7D7</cusip>
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          <isin value="US14912L7D71"/>
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        <balance>1130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1131333.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.93100000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2016-UBS9</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2016-UBS9</title>
        <cusip>61766CAE9</cusip>
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          <isin value="US61766CAE93"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>952641.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.59400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137B52H5</cusip>
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          <isin value="US3137B52H56"/>
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        <balance>3526507.76000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3505419.24000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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        <name>Cooperatieve Rabobank UA/NY</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank UA/NY</title>
        <cusip>21688AAL6</cusip>
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        <balance>12445000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <name>Capital One Prime Auto Receivables Trust 2019-2</name>
        <lei>N/A</lei>
        <title>Capital One Prime Auto Receivables Trust 2019-2</title>
        <cusip>14043TAF3</cusip>
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          <isin value="US14043TAF30"/>
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        <balance>27130000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.92000000</annualizedRt>
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      <invstOrSec>
        <name>Edsouth Indenture No 9 LLC</name>
        <lei>N/A</lei>
        <title>Edsouth Indenture No 9 LLC</title>
        <cusip>281378AA7</cusip>
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          <isin value="US281378AA73"/>
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        <balance>517796.24000000</balance>
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        <curCd>USD</curCd>
        <valUSD>515631.85000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-10-25</maturityDt>
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          <annualizedRt>2.59200000</annualizedRt>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20</title>
        <cusip>61764RBD9</cusip>
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          <isin value="US61764RBD98"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>World Omni Auto Receivables Trust 2019-A</name>
        <lei>N/A</lei>
        <title>World Omni Auto Receivables Trust 2019-A</title>
        <cusip>98162YAE3</cusip>
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          <isin value="US98162YAE32"/>
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        <balance>6420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6625119.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.22000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc.</title>
        <cusip>86562MAQ3</cusip>
        <identifiers>
          <isin value="US86562MAQ33"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1240654.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.78400000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>Pepper Residential Securities Trust NO 18</name>
        <lei>549300UL1L75QB4R6V50</lei>
        <title>Pepper Residential Securities Trust NO 18</title>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nissan Auto Lease Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Nissan Auto Lease Trust 2019-A</title>
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          <isin value="US65479PAD15"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Enterprise Fleet Financing 2019-1 LLC</name>
        <lei>N/A</lei>
        <title>Enterprise Fleet Financing 2019-1 LLC</title>
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          <isin value="US29374AAB08"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2016-C32</name>
        <lei>549300VOKB4Z9J8DIM89</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2016-C32</title>
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          <isin value="US94989YAZ60"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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

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                <issuerName>3 Month LIBOR</issuerName>
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      <invstOrSec>
        <name>Ford Credit Floorplan Master Owner Trust A</name>
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        <title>Ford Credit Floorplan Master Owner Trust A</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust 2014-GC24</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2014-GC24</title>
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          <isin value="US36253GAE26"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UnitedHealth Group Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc.</title>
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          <isin value="US91324PDD15"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-15</maturityDt>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
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          <isin value="US961214DQ36"/>
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        <balance>5037000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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          <isin value="US05531FBG72"/>
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        <balance>10000000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Qatar Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Santander Retail Auto Lease Trust 2018-A</name>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <name>DLL 2018-1 LLC</name>
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        <name>PFS Financing Corp.</name>
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        <name>Apple Inc.</name>
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      <invstOrSec>
        <name>Daimler Trucks Retail Trust 2019-1</name>
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        <title>Daimler Trucks Retail Trust 2019-1</title>
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        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup COmmercial Mortgage Trust 2018-C6</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <name>Citigroup Commercial Mortgage Trust 2014-GC25</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>GM Financial Automobile Leasing Trust 2019-4</name>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2010-C1</name>
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        <name>Fannie Mae REMICS</name>
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        <name>Freddie Mac REMICS</name>
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        <name>Toyota Auto Receivables 2019-D Owner Trust</name>
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        <name>Export-Import Bank of Korea</name>
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        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>John Deere Owner Trust 2019-A</name>
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        <title>John Deere Owner Trust 2019-A</title>
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        <name>WFRBS Commercial Mortgage Trust 2013-C17</name>
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        <name>PFS Financing Corp.</name>
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        <name>Nissan Motor Acceptance Corp.</name>
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        <name>Wells Fargo Commercial Mortgage Trust 2017-C40</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Capital One Prime Auto Receivables Trust 2019-1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Pepper Residential Securities Trust</name>
        <lei>N/A</lei>
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        <cusip>71336WAA3</cusip>
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          <isin value="US71336WAA36"/>
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        <balance>1799976.99000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137BJHF3</cusip>
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          <isin value="US3137BJHF36"/>
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        <balance>17412889.48000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-15</maturityDt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2019-C49</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2019-C49</title>
        <cusip>95001WAZ1</cusip>
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          <isin value="US95001WAZ14"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SoFi Professional Loan Program 2017-D LLC</name>
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          <isin value="US78471CAB54"/>
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        <balance>552022.37000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CD 2017-CD6 Mortgage Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust 2017-A</name>
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        <balance>2431757.92000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AEHM2</cusip>
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          <isin value="US3136AEHM26"/>
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        <balance>7847999.68000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BANK 2018-BNK12</name>
        <lei>N/A</lei>
        <title>BANK 2018-BNK12</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
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          <isin value="US3136AG5T53"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2017-REV2</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Brazos Higher Education Authority Inc.</name>
        <lei>N/A</lei>
        <title>Brazos Higher Education Authority Inc.</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PNC Bank NA</name>
        <lei>AD6GFRVSDT01YPT1CS68</lei>
        <title>PNC Bank NA</title>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25</name>
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        <name>Wells Fargo Commercial Mortgage Trust 2013-LC12</name>
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        <title>Wells Fargo Commercial Mortgage Trust 2013-LC12</title>
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        <balance>800000.00000000</balance>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>10YR TREASURY NOTE MAR20</title>
        <cusip>N/A</cusip>
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        <balance>5.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>BANK OF AMERICA, N.A.</counterpartyName>
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            <payOffProf>N/A</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="TYH0"/>
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            <curCd>USD</curCd>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Securitized Term Auto Receivables Trust 2018-2</name>
        <lei>N/A</lei>
        <title>Securitized Term Auto Receivables Trust 2018-2</title>
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          <isin value="US81378TAE01"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SMB Private Education Loan Trust 2018-A</name>
        <lei>549300QHI21JZK7YIR34</lei>
        <title>SMB Private Education Loan Trust 2018-A</title>
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        <balance>2320000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2015-C30</name>
        <lei>N/A</lei>
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        <cusip>46644UBA5</cusip>
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          <isin value="US46644UBA51"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NSTAR Electric Co.</name>
        <lei>54930080R72Y2Z31UR68</lei>
        <title>NSTAR Electric Co.</title>
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          <isin value="US958587BJ57"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PNC Bank NA</name>
        <lei>AD6GFRVSDT01YPT1CS68</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-09</maturityDt>
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      <invstOrSec>
        <name>Chesapeake Funding II LLC</name>
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        <title>Chesapeake Funding II LLC</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2019-2</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust 2019-2</title>
        <cusip>36257FAD2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-16</maturityDt>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA</name>
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        <title>Cooperatieve Rabobank UA</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust 2012-GC6</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2012-GC6</title>
        <cusip>36192BAE7</cusip>
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          <isin value="US36192BAE74"/>
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        <balance>217000.00000000</balance>
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        <name>Sofi Professional Loan Program 2018-A LLC</name>
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        <title>Sofi Professional Loan Program 2018-A LLC</title>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2014-C19</name>
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        <title>JPMBB Commercial Mortgage Securities Trust 2014-C19</title>
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      <invstOrSec>
        <name>COMM 2014-CCRE20 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE20 Mortgage Trust</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137FPMR3</cusip>
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        <name>Sofi Professional Loan Program 2018-D Trust</name>
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        <title>Sofi Professional Loan Program 2018-D Trust</title>
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        <name>Pepper Residential Securities Trust No. 23</name>
        <lei>N/A</lei>
        <title>Pepper Residential Securities Trust No. 23</title>
        <cusip>71338BAA7</cusip>
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        <invCountry>AU</invCountry>

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        <name>Equinor ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>Equinor ASA</title>
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        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
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        <valUSD>9950196.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp.</title>
        <cusip>89236TBJ3</cusip>
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          <isin value="US89236TBJ34"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1011680.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2015-C27</name>
        <lei>5493001SKB2HKIF64L70</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2015-C27</title>
        <cusip>94989DAW9</cusip>
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          <isin value="US94989DAW92"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>483345.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Assn.</title>
        <cusip>38380Y3G8</cusip>
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          <isin value="US38380Y3G85"/>
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        <balance>2202953.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2243267.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Israel Government International Bond</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>State of Israel</title>
        <cusip>4651387M1</cusip>
        <identifiers>
          <isin value="US4651387M19"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2079860.00000000</valUSD>
        <pctVal>0.032465363232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2013-LC12</name>
        <lei>549300V2DF3KW9L1CV04</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2013-LC12</title>
        <cusip>94988QAL5</cusip>
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          <isin value="US94988QAL59"/>
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        <balance>246752.79000000</balance>
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        <curCd>USD</curCd>
        <valUSD>254814.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.92800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Permanent Master Issuer plc</name>
        <lei>213800MVYG7MLQM2LF25</lei>
        <title>Permanent Master Issuer PLC</title>
        <cusip>71419GAX8</cusip>
        <identifiers>
          <isin value="US71419GAX88"/>
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        <balance>13840000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13893699.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.36613000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken AB</title>
        <cusip>86960BAQ5</cusip>
        <identifiers>
          <isin value="US86960BAQ59"/>
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        <balance>5215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5203214.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP3</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP3</title>
        <cusip>46590RAE9</cusip>
        <identifiers>
          <isin value="US46590RAE99"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>917325.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87040000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GGS2</cusip>
        <identifiers>
          <isin value="US06051GGS21"/>
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        <balance>4660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4665731.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.32800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137FQ5M1</cusip>
        <identifiers>
          <isin value="US3137FQ5M15"/>
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        <balance>2718408.19000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2758803.74000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Goldman Sachs Group Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc.</title>
        <cusip>38141GWG5</cusip>
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        <balance>5275000.00000000</balance>
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        <valUSD>5284706.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMM 2012-CCRE2 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2012-CCRE2 Mortgage Trust</title>
        <cusip>12624KAD8</cusip>
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          <isin value="US12624KAD81"/>
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        <balance>362869.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.14700000</annualizedRt>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust 2017-B</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 2017-B</title>
        <cusip>44932GAE5</cusip>
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          <isin value="US44932GAE52"/>
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        <balance>6960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6955684.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.96000000</annualizedRt>
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      <invstOrSec>
        <name>COMM 2015-CCRE22 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2015-CCRE22 Mortgage Trust</title>
        <cusip>12592XBD7</cusip>
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          <isin value="US12592XBD75"/>
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        <balance>855000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>892406.25000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30900000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32</title>
        <cusip>61691GAS9</cusip>
        <identifiers>
          <isin value="US61691GAS93"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>959814.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.72000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2013-CCRE9 Mortgage Trust</name>
        <lei>549300C72XVZH4MIKU63</lei>
        <title>COMM 2013-CCRE9 Mortgage Trust</title>
        <cusip>12625UBF9</cusip>
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          <isin value="US12625UBF93"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>847504.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.22179600</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS Commercial Mortgage Trust 2012-C1</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust 2012-C1</title>
        <cusip>90269GAE1</cusip>
        <identifiers>
          <isin value="US90269GAE17"/>
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        <balance>246886.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255215.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Lithuania Government International Bond</name>
        <lei>529900F7Y171QF1RSU09</lei>
        <title>Republic of Lithuania</title>
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          <isin value="XS0485991417"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>LT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CFCRE Commercial Mortgage Trust 2011-C2</name>
        <lei>N/A</lei>
        <title>CFCRE Commercial Mortgage Trust 2011-C2</title>
        <cusip>12527DAC4</cusip>
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          <isin value="US12527DAC48"/>
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        <balance>2071848.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2177118.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.74130400</annualizedRt>
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      <invstOrSec>
        <name>Mercedes-Benz Auto Lease Trust 2019-B</name>
        <lei>N/A</lei>
        <title>Mercedes-Benz Auto Lease Trust 2019-B</title>
        <cusip>58769QAC5</cusip>
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          <isin value="US58769QAC50"/>
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        <balance>7240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7237755.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL 2016-C7 Commercial Mortgage Trust</title>
        <cusip>12637UAW9</cusip>
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          <isin value="US12637UAW99"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>944370.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50200000</annualizedRt>
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        <name>Shell International Finance BV</name>
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        <title>Shell International Finance BV</title>
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          <isin value="US822582AV48"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15119850.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Enterprise Fleet Financing 2019-1 LLC</name>
        <lei>N/A</lei>
        <title>Enterprise Fleet Financing 2019-1 LLC</title>
        <cusip>29374AAC8</cusip>
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          <isin value="US29374AAC80"/>
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        <balance>6160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6294349.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.07000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nissan Auto Receivables 2019-B Owner Trust</name>
        <lei>N/A</lei>
        <title>Nissan Auto Receivables 2019-B Owner Trust</title>
        <cusip>65479HAD9</cusip>
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          <isin value="US65479HAD98"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1268562.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.54000000</annualizedRt>
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      <invstOrSec>
        <name>Ford Credit Floorplan Master Owner Trust A</name>
        <lei>5493001DTG5N7T8BG747</lei>
        <title>Ford Credit Floorplan Master Owner Trust A</title>
        <cusip>34528QGS7</cusip>
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          <isin value="US34528QGS75"/>
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        <balance>18220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18460686.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.84000000</annualizedRt>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
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                <issuerName>3 Month LIBOR</issuerName>
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      <invstOrSec>
        <name>Realty Income Corp.</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Export-Import Bank of Korea</name>
        <lei>549300APVP4R32PI3Y06</lei>
        <title>Export-Import Bank of Korea</title>
        <cusip>302154AW9</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>30YR TREASURY BOND MAR20</title>
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          <ticker value="USH0"/>
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        <balance>55.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>World Omni Auto Receivables Trust 2018-A</name>
        <lei>N/A</lei>
        <title>World Omni Auto Receivables Trust 2018-A</title>
        <cusip>98161VAD2</cusip>
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        <balance>5280000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Goldman Sachs Group Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc.</title>
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        <balance>3000000.00000000</balance>
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        <name>Fifth Third Bank</name>
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        <title>Fifth Third Bank/Cincinnati OH</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>Mizuho Financial Group Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group Inc.</title>
        <cusip>60687YAH2</cusip>
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        <balance>10060000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synchrony Card Issuance Trust</name>
        <lei>N/A</lei>
        <title>Synchrony Card Issuance Trust</title>
        <cusip>87166PAA9</cusip>
        <identifiers>
          <isin value="US87166PAA93"/>
        </identifiers>
        <balance>13520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13828526.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.38000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sofi Professional Loan Program 2018-A LLC</name>
        <lei>5493002WMPR84WZ75V46</lei>
        <title>Sofi Professional Loan Program 2018-A LLC</title>
        <cusip>83406EAC9</cusip>
        <identifiers>
          <isin value="US83406EAC93"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>232382.80000000</valUSD>
        <pctVal>0.003627355692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2018-3</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust 2018-3</title>
        <cusip>36255JAE4</cusip>
        <identifiers>
          <isin value="US36255JAE47"/>
        </identifiers>
        <balance>9990000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10253536.20000000</valUSD>
        <pctVal>0.160051530947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.16000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyota Auto Receivables 2019-A Owner Trust</name>
        <lei>N/A</lei>
        <title>Toyota Auto Receivables 2019-A Owner Trust</title>
        <cusip>89239AAE3</cusip>
        <identifiers>
          <isin value="US89239AAE38"/>
        </identifiers>
        <balance>4280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4401637.60000000</valUSD>
        <pctVal>0.068706914650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AM4A4</cusip>
        <identifiers>
          <isin value="US3136AM4A46"/>
        </identifiers>
        <balance>6966322.18000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6824766.51000000</valUSD>
        <pctVal>0.106530499037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank</title>
        <cusip>89114QBZ0</cusip>
        <identifiers>
          <isin value="US89114QBZ00"/>
        </identifiers>
        <balance>21675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22123455.75000000</valUSD>
        <pctVal>0.345333833475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>World Omni Select Auto Trust 2018-1</name>
        <lei>N/A</lei>
        <title>World Omni Select Auto Trust 2018-1</title>
        <cusip>98162DAE9</cusip>
        <identifiers>
          <isin value="US98162DAE94"/>
        </identifiers>
        <balance>9120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9185208.00000000</valUSD>
        <pctVal>0.143375570514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.46000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2016-UB11</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2016-UB11</title>
        <cusip>61767FBA8</cusip>
        <identifiers>
          <isin value="US61767FBA84"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>909801.00000000</valUSD>
        <pctVal>0.014201446219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.78200000</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>Chile Government International Bond</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Republic of Chile</title>
        <cusip>168863AV0</cusip>
        <identifiers>
          <isin value="US168863AV04"/>
        </identifiers>
        <balance>17600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17728304.00000000</valUSD>
        <pctVal>0.276728159041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce</title>
        <cusip>1360698A2</cusip>
        <identifiers>
          <isin value="US1360698A26"/>
        </identifiers>
        <balance>6050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6105297.00000000</valUSD>
        <pctVal>0.095300012861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.60600000</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>Goldman Sachs Group Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc.</title>
        <cusip>38141GVU5</cusip>
        <identifiers>
          <isin value="US38141GVU56"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2265570.00000000</valUSD>
        <pctVal>0.035364184598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137FPY74</cusip>
        <identifiers>
          <isin value="US3137FPY744"/>
        </identifiers>
        <balance>10226116.40000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10263441.72000000</valUSD>
        <pctVal>0.160206150154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46625HNX4</cusip>
        <identifiers>
          <isin value="US46625HNX43"/>
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        <balance>21890000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21962018.10000000</valUSD>
        <pctVal>0.342813888889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Honda Auto Receivables 2019-2 Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2019-2 Owner Trust</title>
        <cusip>43815MAC0</cusip>
        <identifiers>
          <isin value="US43815MAC01"/>
        </identifiers>
        <balance>6240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6296971.20000000</valUSD>
        <pctVal>0.098291931801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.52000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>9128287F1</cusip>
        <identifiers>
          <isin value="US9128287F13"/>
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        <balance>95000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95208050.00000000</valUSD>
        <pctVal>1.486140377696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U2C6</cusip>
        <identifiers>
          <isin value="US95000U2C66"/>
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        <balance>11800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12428704.00000000</valUSD>
        <pctVal>0.194004591595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DNB Bank ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
        <title>DNB Bank ASA</title>
        <cusip>23329PAE0</cusip>
        <identifiers>
          <isin value="US23329PAE07"/>
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        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15033600.00000000</valUSD>
        <pctVal>0.234665450895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</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>GS Mortgage Securities Trust 2013-GC13</name>
        <lei>549300WF5YRKNHB1FX69</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DLL 2018-2 LLC</name>
        <lei>N/A</lei>
        <title>DLL Securitization Trust Series 2018-A3</title>
        <cusip>23291JAC2</cusip>
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          <isin value="US23291JAC27"/>
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        <curCd>USD</curCd>
        <valUSD>28062342.00000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Honda Auto Receivables 2018-4 Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2018-4 Owner Trust</title>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>COMM 2014-CR14 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CR14 Mortgage Trust</title>
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          <isin value="US12630DAX21"/>
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        <curCd>USD</curCd>
        <valUSD>21185.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95500000</annualizedRt>
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      <invstOrSec>
        <name>DLL 2019-1 LLC</name>
        <lei>N/A</lei>
        <title>DLL Securitization Trust Series 2019-DA1</title>
        <cusip>23291GAD6</cusip>
        <identifiers>
          <isin value="US23291GAD60"/>
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        <balance>10190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10384730.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.92000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2017-3</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust 2017-3</title>
        <cusip>36254MAE8</cusip>
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          <isin value="US36254MAE84"/>
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        <balance>7860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7874305.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.13000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>Commonwealth Bank of Australia</title>
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        <balance>2457000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2557687.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Exxon Mobil Corp.</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>Exxon Mobil Corp.</title>
        <cusip>30231GBB7</cusip>
        <identifiers>
          <isin value="US30231GBB77"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5031500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.90200000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Ally Auto Receivables Trust 2018-1</name>
        <lei>N/A</lei>
        <title>Ally Auto Receivables Trust 2018-1</title>
        <cusip>02007MAF7</cusip>
        <identifiers>
          <isin value="US02007MAF77"/>
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        <balance>1490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1500847.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.53000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2015-UBS8</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2015-UBS8</title>
        <cusip>61691ABL6</cusip>
        <identifiers>
          <isin value="US61691ABL61"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2139860.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Honda Auto Receivables 2017-3 Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2017-3 Owner Trust</title>
        <cusip>43814PAD2</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Canadian Pacer Auto Receivables Trust 2018-2</name>
        <lei>549300EBZ7BR10QAH203</lei>
        <title>Canadian Pacer Auto Receivables Trust 2018-2</title>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-19</maturityDt>
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          <annualizedRt>3.27000000</annualizedRt>
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        <name>SMB Private Education Loan Trust 2016-A</name>
        <lei>54930039BHEBCRK29U41</lei>
        <title>SMB Private Education Loan Trust 2016-A</title>
        <cusip>78449FAB7</cusip>
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        <balance>350474.78000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2031-05-15</maturityDt>
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      <invstOrSec>
        <name>UBS-Barclays Commercial Mortgage Trust 2012-C4</name>
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        <name>US Bank NA/Cincinnati OH</name>
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          <maturityDt>2021-11-16</maturityDt>
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          <annualizedRt>3.45000000</annualizedRt>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2018-4</name>
        <lei>549300RO0W90UZB1HD05</lei>
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        <cusip>38013FAE1</cusip>
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          <maturityDt>2024-06-17</maturityDt>
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      <invstOrSec>
        <name>American Express Credit Corp.</name>
        <lei>9ET6B8VCXWW51H8Z3M54</lei>
        <title>American Express Credit Corp.</title>
        <cusip>0258M0EB1</cusip>
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        <balance>10459000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Lloyds Bank plc</name>
        <lei>H7FNTJ4851HG0EXQ1Z70</lei>
        <title>Lloyds Bank plc</title>
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        <balance>25000000.00000000</balance>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2014-CCRE20 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE20 Mortgage Trust</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae REMICS</title>
        <cusip>38382A6T7</cusip>
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          <isin value="US38382A6T75"/>
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        <balance>38000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37171600.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2017-RC1</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2017-RC1</title>
        <cusip>95001FAX3</cusip>
        <identifiers>
          <isin value="US95001FAX33"/>
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        <balance>246000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263060.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.63100000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Province of Quebec Canada</name>
        <lei>549300WN65YFEQH74Y36</lei>
        <title>Province of Quebec Canada</title>
        <cusip>748149AF8</cusip>
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          <isin value="US748149AF82"/>
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        <balance>6350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6452552.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61746BEA0</cusip>
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          <isin value="US61746BEA08"/>
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        <balance>14738000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank NV</title>
        <cusip>00084DAT7</cusip>
        <identifiers>
          <isin value="US00084DAT72"/>
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        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7659300.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QUALCOMM Inc.</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>QUALCOMM Inc.</title>
        <cusip>747525AE3</cusip>
        <identifiers>
          <isin value="US747525AE30"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25605500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2012-CCRE5 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2012-CCRE5 Mortgage Trust</title>
        <cusip>12623SAE0</cusip>
        <identifiers>
          <isin value="US12623SAE00"/>
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        <balance>291466.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>295470.74000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.77100000</annualizedRt>
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      <invstOrSec>
        <name>Carmax Auto Owner Trust 2019-3</name>
        <lei>N/A</lei>
        <title>Carmax Auto Owner Trust 2019-3</title>
        <cusip>14315PAE5</cusip>
        <identifiers>
          <isin value="US14315PAE51"/>
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        <balance>5400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5418198.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>World Omni Automobile Lease Securitization Trust 2018-B</name>
        <lei>549300JMLWTKGTW3CW74</lei>
        <title>World Omni Automobile Lease Securitization Trust 2018-B</title>
        <cusip>98162CAD3</cusip>
        <identifiers>
          <isin value="US98162CAD39"/>
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        <balance>23160000.00000000</balance>
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        <valUSD>23428424.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.19000000</annualizedRt>
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      <invstOrSec>
        <name>COMM 2013-CCRE12 Mortgage Trust</name>
        <lei>549300MGZ5FI5VFL1177</lei>
        <title>COMM 2013-CCRE12 Mortgage Trust</title>
        <cusip>12591KAC9</cusip>
        <identifiers>
          <isin value="US12591KAC99"/>
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        <balance>418010.21000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>3M Co.</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M Co.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Securitized Term Auto Receivables Trust 2018-1</name>
        <lei>N/A</lei>
        <title>Securitized Term Auto Receivables Trust 2018-1</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2015-LC22</name>
        <lei>549300XO83D3BDYP0P62</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2015-LC22</title>
        <cusip>94989TAZ7</cusip>
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        <balance>1771000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136A9YR3</cusip>
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        <balance>12284316.21000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2014-C19</name>
        <lei>549300FCX3YXSYSLU895</lei>
        <title>WFRBS Commercial Mortgage Trust 2014-C19</title>
        <cusip>92938VAQ8</cusip>
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        <balance>110000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Capital I 2017-HR2</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I 2017-HR2</title>
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          <isin value="US61691NAC92"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50900000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
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          <isin value="US14913QAA76"/>
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        <balance>1016000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1027115.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-06</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Discover Card Execution Note Trust</name>
        <lei>549300CKCX1QE4RUW216</lei>
        <title>Discover Card Execution Note Trust</title>
        <cusip>254683CH6</cusip>
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          <isin value="US254683CH63"/>
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        <balance>22440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22946022.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.32000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61744YAH1</cusip>
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          <isin value="US61744YAH18"/>
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        <balance>32935000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33509386.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS Commercial Mortgage Trust 2017-C7</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust 2017-C7</title>
        <cusip>90276WAS6</cusip>
        <identifiers>
          <isin value="US90276WAS61"/>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>530422.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.67900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136B5BW4</cusip>
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          <isin value="US3136B5BW40"/>
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        <balance>2646258.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2708207.73000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK 2019-BNK17</name>
        <lei>N/A</lei>
        <title>BANK 2019-BNK17</title>
        <cusip>065403BA4</cusip>
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          <isin value="US065403BA45"/>
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        <balance>181000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193789.46000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46623EKG3</cusip>
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          <isin value="US46623EKG34"/>
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        <balance>4800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4808448.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.29500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Korea Midland Power Co. Ltd.</name>
        <lei>988400Z1HCY1QUPS1W65</lei>
        <title>Korea Midland Power Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1341490602"/>
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        <balance>533000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>535680.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2019-C52</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2019-C52</title>
        <cusip>95002MAX7</cusip>
        <identifiers>
          <isin value="US95002MAX74"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243825.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.89200000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2013-C17</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2013-C17</title>
        <cusip>46640UAD4</cusip>
        <identifiers>
          <isin value="US46640UAD46"/>
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        <balance>2947240.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3157496.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.19890000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMM 2013-CCRE9 Mortgage Trust</name>
        <lei>549300C72XVZH4MIKU63</lei>
        <title>COMM 2013-CCRE9 Mortgage Trust</title>
        <cusip>12625UAC7</cusip>
        <identifiers>
          <isin value="US12625UAC71"/>
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        <balance>3169000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3283717.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.24554600</annualizedRt>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2011-C5</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2011-C5</title>
        <cusip>46636VAK2</cusip>
        <identifiers>
          <isin value="US46636VAK26"/>
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        <balance>867417.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>904195.48000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.41779300</annualizedRt>
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      <invstOrSec>
        <name>Qatar Government International Bond</name>
        <lei>52990074F6OJOAXK4P65</lei>
        <title>State of Qatar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1959337236"/>
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        <balance>14800000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23</title>
        <cusip>61690QAE9</cusip>
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          <isin value="US61690QAE98"/>
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        <balance>1450000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust 2017-B</name>
        <lei>549300NWENTZ8X7JUC78</lei>
        <title>SMB Private Education Loan Trust 2017-B</title>
        <cusip>83189DAB6</cusip>
        <identifiers>
          <isin value="US83189DAB64"/>
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        <balance>701163.24000000</balance>
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        <curCd>USD</curCd>
        <valUSD>708742.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.82000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2019-C50</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2019-C50</title>
        <cusip>95001XAZ9</cusip>
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          <isin value="US95001XAZ96"/>
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        <balance>250000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.63500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2</title>
        <cusip>46635GAE0</cusip>
        <identifiers>
          <isin value="US46635GAE08"/>
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        <balance>295054.91000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296813.44000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.06980000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Air Lines 2012-1 Class A Pass Through Trust</name>
        <lei>N/A</lei>
        <title>Delta Air Lines 2012-1 Class A Pass Through Trust</title>
        <cusip>247358AA2</cusip>
        <identifiers>
          <isin value="US247358AA29"/>
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        <balance>4688770.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4729093.43000000</valUSD>
        <pctVal>0.073818303139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
        <cusip>94988J6A0</cusip>
        <identifiers>
          <isin value="US94988J6A07"/>
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        <balance>14500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14499855.00000000</valUSD>
        <pctVal>0.226334012578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.08200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Auto Receivables Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 2019-A</title>
        <cusip>44932NAE0</cusip>
        <identifiers>
          <isin value="US44932NAE04"/>
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        <balance>3260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3320375.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.71000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co. LP</name>
        <lei>N/A</lei>
        <title>Chevron Phillips Chemical Co LLC / Chevron Phillips Chemical Co LP</title>
        <cusip>166754AQ4</cusip>
        <identifiers>
          <isin value="US166754AQ49"/>
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        <balance>3413000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3522625.56000000</valUSD>
        <pctVal>0.054986065571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Auto Lease Securitization Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Lease Securitization Trust 2019-A</title>
        <cusip>448969AD7</cusip>
        <identifiers>
          <isin value="US448969AD70"/>
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        <balance>12240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12380515.20000000</valUSD>
        <pctVal>0.193252393420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.98000000</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>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
        <cusip>20030NBV2</cusip>
        <identifiers>
          <isin value="US20030NBV29"/>
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        <balance>51954000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51798138.00000000</valUSD>
        <pctVal>0.808537769351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Pacer Auto Receivables Trust 2018-2</name>
        <lei>549300EBZ7BR10QAH203</lei>
        <title>Canadian Pacer Auto Receivables Trust 2018-2</title>
        <cusip>13646AAE0</cusip>
        <identifiers>
          <isin value="US13646AAE01"/>
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        <balance>6380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6518925.78000000</valUSD>
        <pctVal>0.101756509253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.44000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
        <cusip>94988J5P8</cusip>
        <identifiers>
          <isin value="US94988J5P84"/>
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        <balance>57575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57953267.75000000</valUSD>
        <pctVal>0.904615641457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.32500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMM 2013-CCRE8 Mortgage Trust</name>
        <lei>549300NGGFIEJ2ER3D22</lei>
        <title>COMM 2013-CCRE8 Mortgage Trust</title>
        <cusip>12625KAE5</cusip>
        <identifiers>
          <isin value="US12625KAE55"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20791.80000000</valUSD>
        <pctVal>0.000324547488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.61200000</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>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc.</title>
        <cusip>606822AP9</cusip>
        <identifiers>
          <isin value="US606822AP92"/>
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        <balance>10780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10934154.00000000</valUSD>
        <pctVal>0.170675565305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.66500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harley-Davidson Motorcycle Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Harley-Davidson Motorcycle Trust 2019-A</title>
        <cusip>41284WAC4</cusip>
        <identifiers>
          <isin value="US41284WAC47"/>
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        <balance>16180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16216890.40000000</valUSD>
        <pctVal>0.253135902101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.34000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>America Movil SAB de CV</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil SAB de CV</title>
        <cusip>02364WAV7</cusip>
        <identifiers>
          <isin value="US02364WAV72"/>
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        <balance>2433000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2448060.27000000</valUSD>
        <pctVal>0.038212747916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>John Deere Owner Trust 2018-B</name>
        <lei>N/A</lei>
        <title>John Deere Owner Trust 2018-B</title>
        <cusip>47788EAD0</cusip>
        <identifiers>
          <isin value="US47788EAD04"/>
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        <balance>11550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11829972.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.23000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137AUYN3</cusip>
        <identifiers>
          <isin value="US3137AUYN31"/>
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        <balance>17904607.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17594678.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Total Capital International SA</name>
        <lei>549300U37G2I8G4RUG09</lei>
        <title>Total Capital International SA</title>
        <cusip>89153VAR0</cusip>
        <identifiers>
          <isin value="US89153VAR06"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10047000.00000000</valUSD>
        <pctVal>0.156827625129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.21800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark 2018-B5 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B5 Mortgage Trust</title>
        <cusip>08160BAD6</cusip>
        <identifiers>
          <isin value="US08160BAD64"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278747.50000000</valUSD>
        <pctVal>0.004351080763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20760000</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>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46625HQJ2</cusip>
        <identifiers>
          <isin value="US46625HQJ22"/>
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        <balance>19218000.00000000</balance>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2017-REV1</name>
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        <name>BANK 2018-BNK14</name>
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      <invstOrSec>
        <name>CD 2019-CD8 Mortgage Trust</name>
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      <invstOrSec>
        <name>Santander Retail Auto Lease Trust 2019-A</name>
        <lei>N/A</lei>
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        <name>WFRBS Commercial Mortgage Trust 2014-C20</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Mizuho Bank Ltd.</name>
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        <title>Mizuho Bank Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banc of America Commercial Mortgage Trust 2015-UBS7</name>
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        <name>Wells Fargo Commercial Mortgage Trust 2018-C47</name>
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        <title>Wells Fargo Commercial Mortgage Trust 2018-C47</title>
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        <name>Equinor ASA</name>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
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        <name>CK Hutchison International 17 II Ltd.</name>
        <lei>254900F7C0PB6TKONV55</lei>
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        <name>Wells Fargo Commercial Mortgage Trust 2016-BNK1</name>
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        <name>AIG Global Funding</name>
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        <name>Citigroup Commercial Mortgage Trust 2015-GC33</name>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2012-LC5</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2012-LC5</title>
        <cusip>94988HAC5</cusip>
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          <isin value="US94988HAC51"/>
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        <balance>512591.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521315.84000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UBS-BAMLL Trust</name>
        <lei>N/A</lei>
        <title>UBS-BAMLL Trust</title>
        <cusip>90269PAA9</cusip>
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          <isin value="US90269PAA93"/>
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        <balance>2364000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Province of Alberta Canada</name>
        <lei>LQPXMHHNJKIPJYE53543</lei>
        <title>Province of Alberta Canada</title>
        <cusip>01306GAB9</cusip>
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          <isin value="US01306GAB95"/>
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        <balance>9350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9351215.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-08-26</maturityDt>
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          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc.</title>
        <cusip>606822AA2</cusip>
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          <isin value="US606822AA24"/>
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        <balance>5278000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5329882.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>VNDO 2012-6AVE Mortgage Trust</name>
        <lei>N/A</lei>
        <title>VNDO 2012-6AVE Mortgage Trust</title>
        <cusip>91830CAA6</cusip>
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          <isin value="US91830CAA62"/>
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        <balance>2235557.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2274768.67000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.99560000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Service Electric &amp; Gas Co.</name>
        <lei>549300RUHPVD434XUK18</lei>
        <title>Public Service Electric &amp; Gas Co.</title>
        <cusip>74456QAX4</cusip>
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          <isin value="US74456QAX43"/>
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        <balance>1297000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2012-CCRE3 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2012-CCRE3 Mortgage Trust</title>
        <cusip>12624PAE5</cusip>
        <identifiers>
          <isin value="US12624PAE51"/>
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        <balance>572371.75000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.82200000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137BKLE8</cusip>
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          <isin value="US3137BKLE87"/>
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        <balance>26862311.35000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26364821.34000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Americold 2010 LLC</name>
        <lei>N/A</lei>
        <title>Americold 2010 LLC</title>
        <cusip>03063NAD9</cusip>
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          <isin value="US03063NAD93"/>
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        <balance>3145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3241016.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95430000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Toyota Auto Receivables 2019-A Owner Trust</name>
        <lei>N/A</lei>
        <title>Toyota Auto Receivables 2019-A Owner Trust</title>
        <cusip>89239AAD5</cusip>
        <identifiers>
          <isin value="US89239AAD54"/>
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        <balance>50390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51083366.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.91000000</annualizedRt>
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      <invstOrSec>
        <name>CPPIB Capital Inc.</name>
        <lei>549300KW9NB55HTDK075</lei>
        <title>CPPIB Capital Inc.</title>
        <cusip>22411VAJ7</cusip>
        <identifiers>
          <isin value="US22411VAJ70"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8115920.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2016-P4</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2016-P4</title>
        <cusip>29429EAD3</cusip>
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          <isin value="US29429EAD31"/>
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        <balance>280000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90200000</annualizedRt>
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      <invstOrSec>
        <name>Dell Equipment Finance Trust 2019-1</name>
        <lei>549300CHGEQ6XHCQGX20</lei>
        <title>Dell Equipment Finance Trust 2019-1</title>
        <cusip>24704BAE4</cusip>
        <identifiers>
          <isin value="US24704BAE48"/>
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        <balance>10610000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-22</maturityDt>
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          <annualizedRt>2.83000000</annualizedRt>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16</title>
        <cusip>46641BAE3</cusip>
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          <isin value="US46641BAE39"/>
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        <balance>276651.82000000</balance>
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        <valUSD>284043.96000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-15</maturityDt>
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          <annualizedRt>3.67440000</annualizedRt>
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      <invstOrSec>
        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>Australia &amp; New Zealand Banking Group Ltd./New York NY</title>
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        <balance>4215000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>Abu Dhabi Government International Bond</name>
        <lei>213800FER4348CINTA77</lei>
        <title>Emirate of Abu Dhabi</title>
        <cusip>29135LAD2</cusip>
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          <isin value="US29135LAD29"/>
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        <balance>13500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13463955.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Korea Development Bank</name>
        <lei>549300ML2LNRZUCS7149</lei>
        <title>Korea Development Bank</title>
        <cusip>50065TAC7</cusip>
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          <isin value="US50065TAC71"/>
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        <balance>2315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2418758.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK 2017-BNK7</name>
        <lei>N/A</lei>
        <title>BANK 2017-BNK7</title>
        <cusip>06541XAF7</cusip>
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          <isin value="US06541XAF78"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402982.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2012-CCRE4 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2012-CCRE4 Mortgage Trust</title>
        <cusip>12624QAR4</cusip>
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          <isin value="US12624QAR48"/>
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        <balance>547090.71000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>553683.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85300000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Houston Galleria Mall Trust 2015-HGLR</name>
        <lei>N/A</lei>
        <title>Houston Galleria Mall Trust 2015-HGLR</title>
        <cusip>44217NAC0</cusip>
        <identifiers>
          <isin value="US44217NAC02"/>
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        <balance>3082000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3164227.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.08656300</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2012-C7</name>
        <lei>N/A</lei>
        <title>WFRBS Commercial Mortgage Trust 2012-C7</title>
        <cusip>92936TAC6</cusip>
        <identifiers>
          <isin value="US92936TAC62"/>
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        <balance>752216.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>777505.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.09000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>Danske Bank A/S</title>
        <cusip>23636AAH4</cusip>
        <identifiers>
          <isin value="US23636AAH41"/>
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        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>844789.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Precision Castparts Corp.</name>
        <lei>0XOOAY5P5J7Q734SEC89</lei>
        <title>Precision Castparts Corp.</title>
        <cusip>740189AG0</cusip>
        <identifiers>
          <isin value="US740189AG06"/>
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        <balance>7300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7427750.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CenterPoint Energy Transition Bond Co. IV LLC</name>
        <lei>N/A</lei>
        <title>CenterPoint Energy Transition Bond Co. IV LLC</title>
        <cusip>15200WAB1</cusip>
        <identifiers>
          <isin value="US15200WAB19"/>
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        <balance>2019256.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2017560.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.16060000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11</title>
        <cusip>61762TAE6</cusip>
        <identifiers>
          <isin value="US61762TAE64"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74179.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.15346200</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AP7D8</cusip>
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          <isin value="US3136AP7D84"/>
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        <balance>8869573.08000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8700341.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2015-C27</name>
        <lei>5493001SKB2HKIF64L70</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2015-C27</title>
        <cusip>94989DAV1</cusip>
        <identifiers>
          <isin value="US94989DAV10"/>
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        <balance>71062.06000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RECV FSWP: USD 1.750000 1</title>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
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                <issuerName>3 Month LIBOR</issuerName>
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      <invstOrSec>
        <name>Abu Dhabi Government International Bond</name>
        <lei>213800FER4348CINTA77</lei>
        <title>Emirate of Abu Dhabi</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1696908471"/>
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        <balance>17000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17212277.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-11</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5</title>
        <cusip>61761ABA5</cusip>
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          <isin value="US61761ABA51"/>
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        <balance>693708.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>716267.38000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae REMICS</title>
        <cusip>38382A5Y7</cusip>
        <identifiers>
          <isin value="US38382A5Y79"/>
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        <balance>49000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47396720.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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      <invstOrSec>
        <name>Nissan Auto Receivables 2017-C Owner Trust</name>
        <lei>N/A</lei>
        <title>Nissan Auto Receivables 2017-C Owner Trust</title>
        <cusip>65478HAE8</cusip>
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          <isin value="US65478HAE80"/>
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        <balance>8850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8871771.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.28000000</annualizedRt>
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      <invstOrSec>
        <name>Volkswagen Auto Loan Enhanced Trust 2018-2</name>
        <lei>N/A</lei>
        <title>Volkswagen Auto Loan Enhanced Trust 2018-2</title>
        <cusip>92869BAD4</cusip>
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          <isin value="US92869BAD47"/>
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        <balance>39670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40221413.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2014-LC14</name>
        <lei>549300QGM7D5K3CV2643</lei>
        <title>WFRBS Commercial Mortgage Trust 2014-LC14</title>
        <cusip>96221TAE7</cusip>
        <identifiers>
          <isin value="US96221TAE73"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>532190.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2014-C23</name>
        <lei>N/A</lei>
        <title>WFRBS Commercial Mortgage Trust 2014-C23</title>
        <cusip>92939HAY1</cusip>
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          <isin value="US92939HAY18"/>
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        <balance>1038000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1107961.20000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comm 2013-CCRE13 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Comm 2013-CCRE13 Mortgage Trust</title>
        <cusip>12630BBA5</cusip>
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          <isin value="US12630BBA52"/>
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        <balance>837011.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Navient Student Loan Trust 2016-3</name>
        <lei>N/A</lei>
        <title>Navient Student Loan Trust 2016-3</title>
        <cusip>63940HAB9</cusip>
        <identifiers>
          <isin value="US63940HAB96"/>
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        <balance>1890997.45000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-06-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136ACUD1</cusip>
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          <isin value="US3136ACUD14"/>
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        <balance>8862272.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8486866.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Canadian Pacer Auto Receivables Trust 2019-1</name>
        <lei>549300R5H05NC0BS7G21</lei>
        <title>Canadian Pacer Auto Receivables Trust 2019-1</title>
        <cusip>13646BAJ7</cusip>
        <identifiers>
          <isin value="US13646BAJ70"/>
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        <balance>1900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.96000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Simon Property Group LP</name>
        <lei>MR92GTD0MJTTTTQDVG45</lei>
        <title>Simon Property Group LP</title>
        <cusip>828807DA2</cusip>
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          <isin value="US828807DA20"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3021900.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Palisades Center Trust 2016-PLSD</name>
        <lei>N/A</lei>
        <title>Palisades Center Trust 2016-PLSD</title>
        <cusip>69640GAA3</cusip>
        <identifiers>
          <isin value="US69640GAA31"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>511948.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS-Barclays Commercial Mortgage Trust 2013-C6</name>
        <lei>549300G1IXWLFE766Q13</lei>
        <title>UBS-Barclays Commercial Mortgage Trust 2013-C6</title>
        <cusip>90349GBF1</cusip>
        <identifiers>
          <isin value="US90349GBF19"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.24430000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137AUZS1</cusip>
        <identifiers>
          <isin value="US3137AUZS19"/>
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        <balance>10308131.38000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10121657.28000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137FPZY4</cusip>
        <identifiers>
          <isin value="US3137FPZY47"/>
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        <balance>6927147.37000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>2YR TREASURY NOTE MAR20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TUH0"/>
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        <balance>3347.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>721278500.00000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>BANK OF AMERICA, N.A.</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC</name>
        <lei>N/A</lei>
        <title>SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC</title>
        <cusip>83401BAB2</cusip>
        <identifiers>
          <isin value="US83401BAB27"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>585266.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.84000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2014-LC18</name>
        <lei>5493007CD1Q2V06I4172</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2014-LC18</title>
        <cusip>94989AAU9</cusip>
        <identifiers>
          <isin value="US94989AAU97"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10474.90000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16</title>
        <cusip>61763MAF7</cusip>
        <identifiers>
          <isin value="US61763MAF77"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>528885.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.89200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2013-C12</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2013-C12</title>
        <cusip>46639NAU5</cusip>
        <identifiers>
          <isin value="US46639NAU54"/>
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        <balance>1834512.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1922385.12000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.03921700</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>COMM 2014-CCRE17 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE17 Mortgage Trust</title>
        <cusip>12631DBD4</cusip>
        <identifiers>
          <isin value="US12631DBD49"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>372491.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.17400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK 2019-BNK21</name>
        <lei>N/A</lei>
        <title>BANK 2019-BNK21</title>
        <cusip>06540BBD0</cusip>
        <identifiers>
          <isin value="US06540BBD01"/>
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        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>467231.20000000</valUSD>
        <pctVal>0.007293197918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SoFi Professional Loan Program 2017-E LLC</name>
        <lei>N/A</lei>
        <title>SoFi Professional Loan Program 2017-E LLC</title>
        <cusip>83404KAC7</cusip>
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          <isin value="US83404KAC71"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353486.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-26</maturityDt>
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          <annualizedRt>2.72000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae REMICS</title>
        <cusip>38382AAF2</cusip>
        <identifiers>
          <isin value="US38382AAF21"/>
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        <balance>7168688.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7202381.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BMW Vehicle Owner Trust 2018-A</name>
        <lei>N/A</lei>
        <title>BMW Vehicle Owner Trust 2018-A</title>
        <cusip>09659QAE7</cusip>
        <identifiers>
          <isin value="US09659QAE70"/>
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        <balance>2220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2237227.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.51000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>World Omni Auto Receivables Trust 2018-D</name>
        <lei>N/A</lei>
        <title>World Omni Auto Receivables Trust 2018-D</title>
        <cusip>98162WAE7</cusip>
        <identifiers>
          <isin value="US98162WAE75"/>
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        <balance>5870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6098577.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.44000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2012-CCRE3 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2012-CCRE3 Mortgage Trust</title>
        <cusip>12624PAJ4</cusip>
        <identifiers>
          <isin value="US12624PAJ49"/>
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        <balance>340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>345851.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.41600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Trust 2013-GCJ12</name>
        <lei>549300SSCQUZ3RRV2T53</lei>
        <title>GS Mortgage Securities Trust 2013-GCJ12</title>
        <cusip>36197XAK0</cusip>
        <identifiers>
          <isin value="US36197XAK00"/>
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        <balance>1175512.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1204946.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.13500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nissan Auto Receivables 2019-A Owner Trust</name>
        <lei>N/A</lei>
        <title>Nissan Auto Receivables 2019-A Owner Trust</title>
        <cusip>65479KAE0</cusip>
        <identifiers>
          <isin value="US65479KAE01"/>
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        <balance>6410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6584736.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hertz Vehicle Financing II LP</name>
        <lei>549300FPK70TCB78NG05</lei>
        <title>Hertz Vehicle Financing II LP</title>
        <cusip>42806DAU3</cusip>
        <identifiers>
          <isin value="US42806DAU37"/>
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        <balance>8760000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8825875.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kubota Credit Owner Trust 2018-1</name>
        <lei>N/A</lei>
        <title>Kubota Credit Owner Trust 2018-1</title>
        <cusip>50117PAD1</cusip>
        <identifiers>
          <isin value="US50117PAD15"/>
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        <balance>1315000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1346546.85000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.21000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
        <cusip>54627RAC4</cusip>
        <identifiers>
          <isin value="US54627RAC43"/>
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        <balance>865727.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>866116.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PHEAA Student Loan Trust 2016-2</name>
        <lei>N/A</lei>
        <title>PHEAA Student Loan Trust 2016-2</title>
        <cusip>69343VAA0</cusip>
        <identifiers>
          <isin value="US69343VAA08"/>
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        <balance>10443380.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10382809.16000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.74200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verizon Owner Trust 2019-B</name>
        <lei>549300P0XXSIS1ESEJ26</lei>
        <title>Verizon Owner Trust 2019-B</title>
        <cusip>92349GAA9</cusip>
        <identifiers>
          <isin value="US92349GAA94"/>
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        <balance>41004000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41264785.44000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.33000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Korea Hydro &amp; Nuclear Power Co. Ltd.</name>
        <lei>9884008CRY5MLCN8OQ43</lei>
        <title>Korea Hydro &amp; Nuclear Power Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY4899GAW34"/>
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        <balance>4786000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Banks</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>Federal Home Loan Banks</title>
        <cusip>3130AHSR5</cusip>
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          <isin value="US3130AHSR54"/>
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        <balance>70000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Korea Development Bank</name>
        <lei>549300ML2LNRZUCS7149</lei>
        <title>Korea Development Bank</title>
        <cusip>500630CT3</cusip>
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          <isin value="US500630CT36"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10025700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.43725000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5</title>
        <cusip>61761AAZ1</cusip>
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          <isin value="US61761AAZ12"/>
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        <balance>879163.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>897458.38000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.17600000</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>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AQVJ6</cusip>
        <identifiers>
          <isin value="US3136AQVJ60"/>
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        <balance>3283614.46000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3393320.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>Simon Property Group LP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mercedes-Benz Auto Receivables Trust 2018-1</name>
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        <title>Mercedes-Benz Auto Receivables Trust 2018-1</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>COMM 2013-CCRE11 Mortgage Trust</name>
        <lei>549300BCCWSDWINK2593</lei>
        <title>COMM 2013-CCRE11 Mortgage Trust</title>
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          <isin value="US12626LAE20"/>
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        <valUSD>869251.47000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-10</maturityDt>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2018-REV2</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Owner Trust 2018-REV2</title>
        <cusip>34528HAA2</cusip>
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          <isin value="US34528HAA23"/>
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        <balance>31840000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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          <isin value="US06367WHH97"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4164520.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Ally Master Owner Trust</name>
        <lei>N/A</lei>
        <title>Ally Master Owner Trust</title>
        <cusip>02005AGU6</cusip>
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          <isin value="US02005AGU60"/>
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        <balance>29540000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.29000000</annualizedRt>
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      <invstOrSec>
        <name>PNC Bank NA</name>
        <lei>AD6GFRVSDT01YPT1CS68</lei>
        <title>PNC Bank NA</title>
        <cusip>69353RFS2</cusip>
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          <isin value="US69353RFS22"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5004150.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-09</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital One Multi-Asset Execution Trust</name>
        <lei>R42WS16M9R97TJJKGU15</lei>
        <title>Capital One Multi-Asset Execution Trust</title>
        <cusip>14041NFT3</cusip>
        <identifiers>
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        <balance>37760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38544652.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.84000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AG6D9</cusip>
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          <isin value="US3136AG6D92"/>
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        <balance>4631607.28000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4570331.12000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.10000000</annualizedRt>
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      <invstOrSec>
        <name>TMSQ 2014-1500 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>TMSQ 2014-1500 Mortgage Trust</title>
        <cusip>87264JAA4</cusip>
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          <isin value="US87264JAA43"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sofi Professional Loan Program 2018-C Trust</name>
        <lei>N/A</lei>
        <title>Sofi Professional Loan Program 2018-C Trust</title>
        <cusip>78490DAB0</cusip>
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        <balance>3590000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <debtSec>
          <maturityDt>2048-01-25</maturityDt>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2012-C8</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2012-C8</title>
        <cusip>46638UAC0</cusip>
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        <balance>318067.84000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-15</maturityDt>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2016-C1</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2016-C1</title>
        <cusip>17290YAR9</cusip>
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        <balance>900000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136A9X52</cusip>
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          <isin value="US3136A9X524"/>
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        <balance>7673701.94000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-25</maturityDt>
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          <annualizedRt>1.50000000</annualizedRt>
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      <invstOrSec>
        <name>Canadian Pacer Auto Receivables Trust 2018-1</name>
        <lei>549300EW4MQCCY61GK71</lei>
        <title>Canadian Pacer Auto Receivables Trust 2018-1</title>
        <cusip>136451AE1</cusip>
        <identifiers>
          <isin value="US136451AE18"/>
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        <balance>4920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4993386.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-19</maturityDt>
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          <annualizedRt>3.22000000</annualizedRt>
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      <invstOrSec>
        <name>COMM 2015-CCRE27 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2015-CCRE27 Mortgage Trust</title>
        <cusip>12635QBG4</cusip>
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          <isin value="US12635QBG47"/>
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        <balance>487000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.61200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2013-C18</name>
        <lei>549300O5GNH0TNJ6B119</lei>
        <title>WFRBS Commercial Mortgage Trust 2013-C18</title>
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        <name>Province of Ontario Canada</name>
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        <name>COMM 2013-LC6 Mortgage Trust</name>
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        <name>Dexia Credit Local SA</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Fannie Mae REMICS</name>
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        <name>Fannie Mae REMICS</name>
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        <name>JPMCC Commercial Mortgage Securities Trust 2017-JP6</name>
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      <invstOrSec>
        <name>GM Financial Automobile Leasing Trust 2019-3</name>
        <lei>N/A</lei>
        <title>GM Financial Automobile Leasing Trust 2019-3</title>
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          <isin value="US38013TAD37"/>
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        <curCd>USD</curCd>
        <valUSD>22199100.30000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.03000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2012-C9</name>
        <lei>N/A</lei>
        <title>WFRBS Commercial Mortgage Trust 2012-C9</title>
        <cusip>92930RAC6</cusip>
        <identifiers>
          <isin value="US92930RAC60"/>
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        <balance>567176.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>581514.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2015-C29</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2015-C29</title>
        <cusip>94989KAV5</cusip>
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          <isin value="US94989KAV52"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1327437.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.63700000</annualizedRt>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2013-C14</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2013-C14</title>
        <cusip>46640LAD4</cusip>
        <identifiers>
          <isin value="US46640LAD47"/>
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        <balance>277000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293470.42000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Daimler Trucks Retail Trust 2019-1</name>
        <lei>N/A</lei>
        <title>Daimler Trucks Retail Trust 2019-1</title>
        <cusip>233871AD4</cusip>
        <identifiers>
          <isin value="US233871AD40"/>
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        <balance>3980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4029949.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.79000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Verizon Owner Trust 2019-A</name>
        <lei>549300AUOVO1I366IH69</lei>
        <title>Verizon Owner Trust 2019-A</title>
        <cusip>92347YAA2</cusip>
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          <isin value="US92347YAA29"/>
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        <balance>13810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14000163.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.93000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>Truist Bank</title>
        <cusip>86787EBE6</cusip>
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          <isin value="US86787EBE68"/>
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        <balance>21000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Express Credit Account Master Trust</name>
        <lei>549300Y4SA5G3GIJTP18</lei>
        <title>American Express Credit Account Master Trust</title>
        <cusip>02588QAB4</cusip>
        <identifiers>
          <isin value="US02588QAB41"/>
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        <balance>11940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12195277.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>3M Co.</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M Co.</title>
        <cusip>88579YBL4</cusip>
        <identifiers>
          <isin value="US88579YBL48"/>
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        <balance>4425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4399644.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Trust 2015-GC34</name>
        <lei>54930070360RBP384M53</lei>
        <title>GS Mortgage Securities Trust 2015-GC34</title>
        <cusip>36250VAD4</cusip>
        <identifiers>
          <isin value="US36250VAD47"/>
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        <balance>1170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1230781.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50600000</annualizedRt>
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      <invstOrSec>
        <name>Boeing Co.</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co.</title>
        <cusip>097023CL7</cusip>
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          <isin value="US097023CL77"/>
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        <balance>15355000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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      <invstOrSec>
        <name>Macquarie Group Ltd.</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Ltd.</title>
        <cusip>55608JAH1</cusip>
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          <isin value="US55608JAH14"/>
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        <balance>4602000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4697905.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.18900000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AEAJ6</cusip>
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          <isin value="US3136AEAJ69"/>
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        <balance>4619261.99000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</annualizedRt>
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      <invstOrSec>
        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp.</title>
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          <isin value="US459200JQ56"/>
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        <balance>5000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-27</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>BMW Vehicle Owner Trust 2019-A</name>
        <lei>N/A</lei>
        <title>BMW Vehicle Owner Trust 2019-A</title>
        <cusip>05588CAC6</cusip>
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          <isin value="US05588CAC64"/>
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        <balance>23060000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.92000000</annualizedRt>
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      <invstOrSec>
        <name>JPMorgan Chase Bank NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPMorgan Chase Bank NA</title>
        <cusip>48125LRN4</cusip>
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        <balance>93000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93349680.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-26</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2012-HSBC</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2012-HSBC</title>
        <cusip>46637YAA7</cusip>
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        <balance>1088835.38000000</balance>
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        <valUSD>1111145.62000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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          <annualizedRt>3.09340000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DLL 2019-3 LLC</name>
        <lei>N/A</lei>
        <title>DLL Securitization Trust Series 2019-MT3</title>
        <cusip>23291RAD2</cusip>
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          <isin value="US23291RAD26"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7969440.00000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-21</maturityDt>
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      <invstOrSec>
        <name>Honda Auto Receivables 2019-2 Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2019-2 Owner Trust</title>
        <cusip>43815MAD8</cusip>
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          <isin value="US43815MAD83"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2012-STAR</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2012-STAR</title>
        <cusip>61761BAC0</cusip>
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          <isin value="US61761BAC00"/>
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        <balance>1344000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1370920.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20100000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken AB</title>
        <cusip>86960BAX0</cusip>
        <identifiers>
          <isin value="US86960BAX01"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1605495.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CSAIL 2017-C8 Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL 2017-C8 Commercial Mortgage Trust</title>
        <cusip>12595BAD3</cusip>
        <identifiers>
          <isin value="US12595BAD38"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>549416.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Capital I 2017-HR2</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I 2017-HR2</title>
        <cusip>61691NAE5</cusip>
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          <isin value="US61691NAE58"/>
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        <balance>222000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.58700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46625HJE1</cusip>
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          <isin value="US46625HJE18"/>
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        <balance>7585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7839097.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Korea Hydro &amp; Nuclear Power Co. Ltd.</name>
        <lei>9884008CRY5MLCN8OQ43</lei>
        <title>Korea Hydro &amp; Nuclear Power Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY4899GAS22"/>
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        <balance>5366000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5575419.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2018-C48</name>
        <lei>549300REQJRID6TODX95</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2018-C48</title>
        <cusip>95001RAV1</cusip>
        <identifiers>
          <isin value="US95001RAV15"/>
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        <balance>280000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK 2019-BNK18</name>
        <lei>N/A</lei>
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        <cusip>065402BC2</cusip>
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          <isin value="US065402BC28"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3</title>
        <cusip>46635TCG5</cusip>
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          <isin value="US46635TCG58"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2046-02-15</maturityDt>
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        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136ANJC2</cusip>
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          <isin value="US3136ANJC25"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>CFCRE Commercial Mortgage Trust 2016-C4</name>
        <lei>N/A</lei>
        <title>CFCRE Commercial Mortgage Trust 2016-C4</title>
        <cusip>12531YAN8</cusip>
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          <isin value="US12531YAN85"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GS Mortgage Securities Trust 2019-GC40</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2019-GC40</title>
        <cusip>36257HBP0</cusip>
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          <isin value="US36257HBP01"/>
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        <balance>140000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2052-07-10</maturityDt>
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          <annualizedRt>3.16000000</annualizedRt>
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      <invstOrSec>
        <name>Bermuda Government International Bond</name>
        <lei>549300FP5PUZXX9FVJ40</lei>
        <title>Bermuda Government International Bond</title>
        <cusip>085209AB0</cusip>
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          <isin value="US085209AB07"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7330610.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-03</maturityDt>
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          <annualizedRt>4.13800000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2015-GC27</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2015-GC27</title>
        <cusip>17323CAE7</cusip>
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          <isin value="US17323CAE75"/>
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        <balance>50000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-10</maturityDt>
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          <annualizedRt>3.13700000</annualizedRt>
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      <invstOrSec>
        <name>COMM 2013-LC13 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2013-LC13 Mortgage Trust</title>
        <cusip>12626GBH5</cusip>
        <identifiers>
          <isin value="US12626GBH56"/>
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        <balance>309505.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>318666.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Navient Student Loan Trust 2016-2</name>
        <lei>N/A</lei>
        <title>Navient Student Loan Trust 2016-2</title>
        <cusip>63940FAB3</cusip>
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          <isin value="US63940FAB31"/>
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        <balance>3581407.81000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMM 2014-LC17 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-LC17 Mortgage Trust</title>
        <cusip>12592MBK5</cusip>
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          <isin value="US12592MBK53"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1601865.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2018-4</name>
        <lei>549300RO0W90UZB1HD05</lei>
        <title>GM Financial Consumer Automobile Receivables Trust 2018-4</title>
        <cusip>38013FAD3</cusip>
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          <isin value="US38013FAD33"/>
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        <balance>35400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35998968.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-16</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2019-3</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust 2019-3</title>
        <cusip>36257PAD0</cusip>
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          <isin value="US36257PAD06"/>
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        <balance>25100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25217719.00000000</valUSD>
        <pctVal>0.393633421116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.18000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>QATAR (STATE OF)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="SECURITY NUMBER" value="BVN4MVDN1"/>
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        <balance>2720000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-60103.30000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BANK OF AMERICA, N.A.</counterpartyName>
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                <issuerName>QATAR (STATE OF)</issuerName>
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            <swapFlag>Y</swapFlag>
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            <pmntCurCd>USD</pmntCurCd>
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            <curCd>USD</curCd>
            <unrealizedAppr>-76579.47</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SSM Health Care Corp.</name>
        <lei>5493000QP6H63JFPC580</lei>
        <title>SSM Health Care Corp.</title>
        <cusip>784710AB1</cusip>
        <identifiers>
          <isin value="US784710AB15"/>
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        <balance>6485000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6746540.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.68800000</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>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc.</title>
        <cusip>86562MAU4</cusip>
        <identifiers>
          <isin value="US86562MAU45"/>
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        <balance>2460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2497687.20000000</valUSD>
        <pctVal>0.038987394435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.77800000</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>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>9128287A2</cusip>
        <identifiers>
          <isin value="US9128287A26"/>
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        <balance>66600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66610656.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2017-C41</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2017-C41</title>
        <cusip>95001ABD7</cusip>
        <identifiers>
          <isin value="US95001ABD72"/>
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        <balance>1430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1515985.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.47200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AD7B9</cusip>
        <identifiers>
          <isin value="US3136AD7B90"/>
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        <balance>14010873.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13777312.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137AV3C9</cusip>
        <identifiers>
          <isin value="US3137AV3C93"/>
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        <balance>5590408.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5347169.91000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2017-C39</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2017-C39</title>
        <cusip>95000XAF4</cusip>
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          <isin value="US95000XAF42"/>
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        <balance>2135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2255947.75000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.41800000</annualizedRt>
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      <invstOrSec>
        <name>Motor 2017-1 plc</name>
        <lei>213800NKWDIRST4AJ454</lei>
        <title>Motor 2017-1 PLC</title>
        <cusip>62006FAA8</cusip>
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          <isin value="US62006FAA84"/>
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        <balance>4290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4289013.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Toyota Auto Receivables 2017-D Owner Trust</name>
        <lei>N/A</lei>
        <title>Toyota Auto Receivables 2017-D Owner Trust</title>
        <cusip>89238KAE2</cusip>
        <identifiers>
          <isin value="US89238KAE29"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>842452.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GreatAmerica Leasing Receivables Funding LLC Series 2018-1</name>
        <lei>N/A</lei>
        <title>GreatAmerica Leasing Receivables Funding LLC Series 2018-1</title>
        <cusip>39154TAR9</cusip>
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          <isin value="US39154TAR95"/>
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        <balance>2580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2599840.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.83000000</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>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>Avis Budget Rental Car Funding AESOP LLC</title>
        <cusip>05377RCY8</cusip>
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          <isin value="US05377RCY80"/>
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        <balance>4020000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4179352.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark 2018-B2 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B2 Mortgage Trust</title>
        <cusip>08161CAE1</cusip>
        <identifiers>
          <isin value="US08161CAE12"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Volkswagen Auto Loan Enhanced Trust 2018-1</name>
        <lei>N/A</lei>
        <title>Volkswagen Auto Loan Enhanced Trust 2018-1</title>
        <cusip>92868LAE1</cusip>
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          <isin value="US92868LAE11"/>
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        <curCd>USD</curCd>
        <valUSD>8704969.20000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-22</maturityDt>
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      <invstOrSec>
        <name>Toyota Auto Receivables 2018-B Owner Trust</name>
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        <title>Toyota Auto Receivables 2018-B Owner Trust</title>
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          <isin value="US89238TAE38"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Verizon Owner Trust 2019-C</name>
        <lei>549300WANFF5OIMC3D47</lei>
        <title>Verizon Owner Trust 2019-C</title>
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          <isin value="US92348AAA34"/>
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        <balance>30230000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel SA</title>
        <cusip>06675FAM9</cusip>
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          <isin value="US06675FAM95"/>
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        <balance>15453000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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      <invstOrSec>
        <name>John Deere Owner Trust 2018-B</name>
        <lei>N/A</lei>
        <title>John Deere Owner Trust 2018-B</title>
        <cusip>47788EAC2</cusip>
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          <isin value="US47788EAC21"/>
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        <balance>11300000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark 2018-B6 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B6 Mortgage Trust</title>
        <cusip>08162CAE0</cusip>
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          <isin value="US08162CAE03"/>
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        <balance>1118000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GMF Floorplan Owner Revolving Trust</name>
        <lei>N/A</lei>
        <title>GMF Floorplan Owner Revolving Trust</title>
        <cusip>361886BK9</cusip>
        <identifiers>
          <isin value="US361886BK91"/>
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        <balance>27050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27399215.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.13000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMM 2012-CCRE2 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2012-CCRE2 Mortgage Trust</title>
        <cusip>12624KAF3</cusip>
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          <isin value="US12624KAF30"/>
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        <balance>900804.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>923864.58000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.79100000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2015-C26</name>
        <lei>549300DT2BKPLXAJ4C66</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2015-C26</title>
        <cusip>94989CAX9</cusip>
        <identifiers>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1047238.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.16600000</annualizedRt>
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      <invstOrSec>
        <name>Discover Card Execution Note Trust</name>
        <lei>549300CKCX1QE4RUW216</lei>
        <title>Discover Card Execution Note Trust</title>
        <cusip>254683CM5</cusip>
        <identifiers>
          <isin value="US254683CM58"/>
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        <balance>35000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34962900.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.89000000</annualizedRt>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
        <cusip>025816CD9</cusip>
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          <isin value="US025816CD95"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3049560.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>Irvine Core Office Trust 2013-IRV</name>
        <lei>N/A</lei>
        <title>Irvine Core Office Trust 2013-IRV</title>
        <cusip>46361TAC6</cusip>
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          <isin value="US46361TAC62"/>
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        <balance>2036381.00000000</balance>
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        <valUSD>2097187.34000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-15</maturityDt>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2018-2</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust 2018-2</title>
        <cusip>38013RAE5</cusip>
        <identifiers>
          <isin value="US38013RAE53"/>
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        <balance>5945000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hyundai Floorplan Master Owner Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Floorplan Master Owner Trust</title>
        <cusip>44921QAG1</cusip>
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          <isin value="US44921QAG10"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7080500.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.68000000</annualizedRt>
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      <invstOrSec>
        <name>COMM 2014-CR14 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CR14 Mortgage Trust</title>
        <cusip>12630DAY0</cusip>
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          <isin value="US12630DAY04"/>
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        <balance>505200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>539260.58000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2047-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.23600000</annualizedRt>
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      <invstOrSec>
        <name>World Omni Auto Receivables Trust 2018-D</name>
        <lei>N/A</lei>
        <title>World Omni Auto Receivables Trust 2018-D</title>
        <cusip>98162WAD9</cusip>
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          <isin value="US98162WAD92"/>
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        <balance>47300000.00000000</balance>
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        <valUSD>48212890.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.33000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>QATAR (STATE OF)</title>
        <cusip>N/A</cusip>
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        <balance>5280000.00000000</balance>
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        <valUSD>-116671.37000000</valUSD>
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        <assetCat>DCR</assetCat>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>CITIBANK N.A.</counterpartyName>
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                <issuerName>QATAR (STATE OF)</issuerName>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <otherPmntDesc fixedOrFloating="Other">Payout of notional amount upon default event with regard to reference instrument</otherPmntDesc>
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            <curCd>USD</curCd>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
        <cusip>14913Q2W8</cusip>
        <identifiers>
          <isin value="US14913Q2W88"/>
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        <balance>12865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12997123.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Benchmark 2019-B10 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2019-B10 Mortgage Trust</title>
        <cusip>08162VAC2</cusip>
        <identifiers>
          <isin value="US08162VAC28"/>
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        <balance>194000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206639.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.61500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic of Poland Government International Bond</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>Republic of Poland Government International Bond</title>
        <cusip>857524AA0</cusip>
        <identifiers>
          <isin value="US857524AA08"/>
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        <balance>1350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1405566.00000000</valUSD>
        <pctVal>0.021940039588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK 2017-BNK8</name>
        <lei>N/A</lei>
        <title>BANK 2017-BNK8</title>
        <cusip>06650AAE7</cusip>
        <identifiers>
          <isin value="US06650AAE73"/>
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        <balance>1120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1191724.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.48800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Owner Trust 2019-A</title>
        <cusip>34533FAD3</cusip>
        <identifiers>
          <isin value="US34533FAD33"/>
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        <balance>34570000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35040152.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.78000000</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>UBS AG/London</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG/London</title>
        <cusip>902674XK1</cusip>
        <identifiers>
          <isin value="US902674XK19"/>
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        <balance>18855000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18915524.55000000</valUSD>
        <pctVal>0.295259957525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mercedes-Benz Auto Receivables Trust 2019-1</name>
        <lei>N/A</lei>
        <title>Mercedes-Benz Auto Receivables Trust 2019-1</title>
        <cusip>58769TAE5</cusip>
        <identifiers>
          <isin value="US58769TAE55"/>
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        <balance>9370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9349573.40000000</valUSD>
        <pctVal>0.145941215516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.04000000</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>Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19</title>
        <cusip>61764PBU5</cusip>
        <identifiers>
          <isin value="US61764PBU57"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20952.00000000</valUSD>
        <pctVal>0.000327048114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.52600000</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>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
        <cusip>857477AG8</cusip>
        <identifiers>
          <isin value="US857477AG82"/>
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        <balance>3200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3292224.00000000</valUSD>
        <pctVal>0.051389635842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>Volkswagen Auto Loan Enhanced Trust 2018-2</name>
        <lei>N/A</lei>
        <title>Volkswagen Auto Loan Enhanced Trust 2018-2</title>
        <cusip>92869BAE2</cusip>
        <identifiers>
          <isin value="US92869BAE20"/>
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        <balance>11540000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11884122.80000000</valUSD>
        <pctVal>0.185504006715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.33000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Honda Finance Corp.</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>American Honda Finance Corp.</title>
        <cusip>02665WDF5</cusip>
        <identifiers>
          <isin value="US02665WDF59"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25082250.00000000</valUSD>
        <pctVal>0.391518831532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</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>Bermuda Government International Bond</name>
        <lei>549300FP5PUZXX9FVJ40</lei>
        <title>Bermuda Government International Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USG10367AA14"/>
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        <balance>7800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8189269.14000000</valUSD>
        <pctVal>0.127829564125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.13800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carmax Auto Owner Trust 2019-3</name>
        <lei>N/A</lei>
        <title>Carmax Auto Owner Trust 2019-3</title>
        <cusip>14315PAD7</cusip>
        <identifiers>
          <isin value="US14315PAD78"/>
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        <balance>29590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29654802.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.18000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US Bank NA/Cincinnati OH</name>
        <lei>6BYL5QZYBDK8S7L73M02</lei>
        <title>US Bank NA/Cincinnati OH</title>
        <cusip>90331HPC1</cusip>
        <identifiers>
          <isin value="US90331HPC15"/>
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        <balance>8395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8540233.50000000</valUSD>
        <pctVal>0.133307906624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>Truist Bank</title>
        <cusip>07330NAQ8</cusip>
        <identifiers>
          <isin value="US07330NAQ88"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4049480.00000000</valUSD>
        <pctVal>0.063209946392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</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>Lithuania Government International Bond</name>
        <lei>529900F7Y171QF1RSU09</lei>
        <title>Republic of Lithuania</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0739988086"/>
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        <balance>20500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22460888.55000000</valUSD>
        <pctVal>0.350600956464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Assn.</title>
        <cusip>3135G0W66</cusip>
        <identifiers>
          <isin value="US3135G0W660"/>
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        <balance>18000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17885160.00000000</valUSD>
        <pctVal>0.279176586828</pctVal>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>World Omni Automobile Lease Securitization Trust 2019-B</name>
        <lei>N/A</lei>
        <title>World Omni Automobile Lease Securitization Trust 2019-B</title>
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          <isin value="US98162GAD43"/>
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        <valUSD>22174026.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10</name>
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        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10</title>
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          <isin value="US61762MBW01"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CSAIL 2019-C15 Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL 2019-C15 Commercial Mortgage Trust</title>
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        <identifiers>
          <isin value="US22945DAG88"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05290000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Synchrony Card Funding LLC</name>
        <lei>N/A</lei>
        <title>Synchrony Card Funding LLC</title>
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          <isin value="US87166PAF80"/>
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        <balance>28350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28598629.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.34000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15</title>
        <cusip>61763KAZ7</cusip>
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          <isin value="US61763KAZ75"/>
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        <balance>1489439.27000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1572475.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.77300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc.</title>
        <cusip>606822BG8</cusip>
        <identifiers>
          <isin value="US606822BG84"/>
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        <balance>2400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2455920.00000000</valUSD>
        <pctVal>0.038335433573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.21800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK 2018-BNK10</name>
        <lei>549300GL0Y86051URC66</lei>
        <title>BANK 2018-BNK10</title>
        <cusip>065404AZ8</cusip>
        <identifiers>
          <isin value="US065404AZ87"/>
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        <balance>380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>404103.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.64100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14</title>
        <cusip>61690GAF8</cusip>
        <identifiers>
          <isin value="US61690GAF81"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>265807.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.06400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brazos Higher Education Authority Inc.</name>
        <lei>N/A</lei>
        <title>Brazos Higher Education Authority Inc.</title>
        <cusip>10620NCG1</cusip>
        <identifiers>
          <isin value="US10620NCG16"/>
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        <balance>2133066.87000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2136970.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.70950000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2012-C9</name>
        <lei>N/A</lei>
        <title>WFRBS Commercial Mortgage Trust 2012-C9</title>
        <cusip>92930RBB7</cusip>
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          <isin value="US92930RBB78"/>
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        <balance>1151837.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1170151.94000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chevron Corp.</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
        <cusip>166764AT7</cusip>
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          <isin value="US166764AT77"/>
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        <balance>13980000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.41100000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GMF Floorplan Owner Revolving Trust</name>
        <lei>N/A</lei>
        <title>GMF Floorplan Owner Revolving Trust</title>
        <cusip>361886BZ6</cusip>
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          <isin value="US361886BZ60"/>
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        <balance>5600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5630968.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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      <invstOrSec>
        <name>John Deere Owner Trust 2019-A</name>
        <lei>N/A</lei>
        <title>John Deere Owner Trust 2019-A</title>
        <cusip>47789JAD8</cusip>
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          <isin value="US47789JAD81"/>
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        <balance>25490000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.91000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C13</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2013-C13</title>
        <cusip>61763BAU8</cusip>
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          <isin value="US61763BAU89"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
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          <annualizedRt>4.03900000</annualizedRt>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2019-1</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust 2019-1</title>
        <cusip>36256XAE2</cusip>
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          <isin value="US36256XAE22"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136ATMR2</cusip>
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          <isin value="US3136ATMR27"/>
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        <balance>4964227.84000000</balance>
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        <valUSD>4977383.04000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Golden Credit Card Trust</name>
        <lei>549300BEDPMEONLTJX58</lei>
        <title>Golden Credit Card Trust</title>
        <cusip>380881ER9</cusip>
        <identifiers>
          <isin value="US380881ER96"/>
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        <balance>30290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31622702.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Auto Receivables 2018-C Owner Trust</name>
        <lei>N/A</lei>
        <title>Toyota Auto Receivables 2018-C Owner Trust</title>
        <cusip>89231AAD3</cusip>
        <identifiers>
          <isin value="US89231AAD37"/>
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        <balance>30750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31209097.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Owner Trust 2019-A</title>
        <cusip>34533FAE1</cusip>
        <identifiers>
          <isin value="US34533FAE16"/>
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        <balance>18140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18514409.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nissan Auto Lease Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Nissan Auto Lease Trust 2019-A</title>
        <cusip>65479PAE9</cusip>
        <identifiers>
          <isin value="US65479PAE97"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5054250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.78000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2013-C14</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2013-C14</title>
        <cusip>46640LAE2</cusip>
        <identifiers>
          <isin value="US46640LAE20"/>
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        <balance>193468.19000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198933.67000000</valUSD>
        <pctVal>0.003105234898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.76070000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
        <cusip>91159JAA4</cusip>
        <identifiers>
          <isin value="US91159JAA43"/>
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        <balance>4800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4921488.00000000</valUSD>
        <pctVal>0.076821466621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</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>CarMax Auto Owner Trust 2017-4</name>
        <lei>5493003IB59OF448TR74</lei>
        <title>CarMax Auto Owner Trust 2017-4</title>
        <cusip>14314RAD4</cusip>
        <identifiers>
          <isin value="US14314RAD44"/>
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        <balance>4040000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4057210.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.33000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2018-3</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust 2018-3</title>
        <cusip>36255JAD6</cusip>
        <identifiers>
          <isin value="US36255JAD63"/>
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        <balance>31600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31990892.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CarMax Auto Owner Trust 2018-1</name>
        <lei>N/A</lei>
        <title>CarMax Auto Owner Trust 2018-1</title>
        <cusip>14314AAD1</cusip>
        <identifiers>
          <isin value="US14314AAD19"/>
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        <balance>1680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1699017.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.64000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SoFi Professional Loan Program 2017-A LLC</name>
        <lei>N/A</lei>
        <title>SoFi Professional Loan Program 2017-A LLC</title>
        <cusip>83404FAA2</cusip>
        <identifiers>
          <isin value="US83404FAA21"/>
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        <balance>1068276.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1069665.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.49200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sky Ltd.</name>
        <lei>2138003TS48MQKF4BZ29</lei>
        <title>Sky plc</title>
        <cusip>111013AK4</cusip>
        <identifiers>
          <isin value="US111013AK48"/>
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        <balance>9480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9719654.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chesapeake Funding II LLC</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
        <title>Chesapeake Funding II LLC</title>
        <cusip>165183BY9</cusip>
        <identifiers>
          <isin value="US165183BY90"/>
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        <balance>7867884.67000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7952700.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.94000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23</title>
        <cusip>61690QAD1</cusip>
        <identifiers>
          <isin value="US61690QAD16"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240757.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45100000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
        <cusip>404280BM0</cusip>
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          <isin value="US404280BM08"/>
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        <balance>4170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4255485.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.03300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>John Deere Owner Trust 2019-B</name>
        <lei>N/A</lei>
        <title>John Deere Owner Trust 2019-B</title>
        <cusip>477870AD1</cusip>
        <identifiers>
          <isin value="US477870AD10"/>
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        <balance>8340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8363769.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.32000000</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>Korea Midland Power Co. Ltd.</name>
        <lei>988400Z1HCY1QUPS1W65</lei>
        <title>Korea Midland Power Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1917957687"/>
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        <balance>1605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1642403.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2012-LC5</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2012-LC5</title>
        <cusip>94988HAE1</cusip>
        <identifiers>
          <isin value="US94988HAE18"/>
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        <balance>433628.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>445266.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.53900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Total Capital International SA</name>
        <lei>549300U37G2I8G4RUG09</lei>
        <title>Total Capital International SA</title>
        <cusip>89153VAB5</cusip>
        <identifiers>
          <isin value="US89153VAB53"/>
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        <balance>18000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18363600.00000000</valUSD>
        <pctVal>0.286644747370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</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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        <lei>549300Q3CTIH31RFPO82</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Avi Funding Co. Ltd.</name>
        <lei>549300NT8YUG1K5KO238</lei>
        <title>Avi Funding Co. Ltd.</title>
        <cusip>002364AA5</cusip>
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          <isin value="US002364AA53"/>
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        <balance>7700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7730338.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2011-C3</name>
        <lei>N/A</lei>
        <title>WFRBS Commercial Mortgage Trust 2011-C3</title>
        <cusip>92935VAG3</cusip>
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          <isin value="US92935VAG32"/>
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        <balance>614432.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>626720.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2016-C37</name>
        <lei>549300TRQQDPEF728F16</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2016-C37</title>
        <cusip>95000PAE4</cusip>
        <identifiers>
          <isin value="US95000PAE43"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97209.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.79400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AGT77</cusip>
        <identifiers>
          <isin value="US3136AGT779"/>
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        <balance>1885993.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1873413.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Delamare Cards MTN Issuer plc</name>
        <lei>635400IAJKM25WRCSE95</lei>
        <title>DELAM 2018-1</title>
        <cusip>24553LAA2</cusip>
        <identifiers>
          <isin value="US24553LAA26"/>
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        <balance>16440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16404654.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.46388000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137BRMN2</cusip>
        <identifiers>
          <isin value="US3137BRMN21"/>
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        <balance>2929445.23000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2968026.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Ally Auto Receivables Trust 2019-4</name>
        <lei>N/A</lei>
        <title>Ally Auto Receivables Trust 2019-4</title>
        <cusip>02007TAD7</cusip>
        <identifiers>
          <isin value="US02007TAD72"/>
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        <balance>1890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1883781.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.92000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PFS Financing Corp.</name>
        <lei>N/A</lei>
        <title>PFS Financing Corp.</title>
        <cusip>69335PCG8</cusip>
        <identifiers>
          <isin value="US69335PCG81"/>
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        <balance>1020000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1021142.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.22000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
        <title>CarMax Auto Owner Trust</title>
        <cusip>14313FAD1</cusip>
        <identifiers>
          <isin value="US14313FAD15"/>
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        <balance>29670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30091314.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.13000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2013-GC11</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2013-GC11</title>
        <cusip>17320DAG3</cusip>
        <identifiers>
          <isin value="US17320DAG34"/>
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        <balance>951512.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>974862.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.09300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industrial &amp; Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd./New York NY</title>
        <cusip>45580KAH1</cusip>
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          <isin value="US45580KAH14"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4502970.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.65425000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc.</title>
        <cusip>86562MBF6</cusip>
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          <isin value="US86562MBF68"/>
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        <balance>2080000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMM 2014-CCRE15 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE15 Mortgage Trust</title>
        <cusip>12591RBA7</cusip>
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          <isin value="US12591RBA77"/>
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        <balance>30000.00000000</balance>
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        <valUSD>32014.80000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.07400000</annualizedRt>
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      <invstOrSec>
        <name>Ford Credit Auto Lease Trust 2019-A</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Lease Trust 2019-A</title>
        <cusip>34532FAD4</cusip>
        <identifiers>
          <isin value="US34532FAD42"/>
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        <balance>29360000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2014-C24</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2014-C24</title>
        <cusip>46643GAE0</cusip>
        <identifiers>
          <isin value="US46643GAE08"/>
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        <balance>500000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RESIMAC Premier Series 2018-1</name>
        <lei>N/A</lei>
        <title>RESIMAC Premier Series 2018-1</title>
        <cusip>76119HAA8</cusip>
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          <isin value="US76119HAA86"/>
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        <balance>1443458.04000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-10</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MMAF Equipment Finance LLC 2017-A</name>
        <lei>N/A</lei>
        <title>MMAF Equipment Finance LLC 2017-A</title>
        <cusip>55315XAD3</cusip>
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          <isin value="US55315XAD30"/>
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        <balance>10320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10369432.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-16</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fifth Third Auto Trust 2017-1</name>
        <lei>N/A</lei>
        <title>Fifth Third Auto Trust 2017-1</title>
        <cusip>31679RAE5</cusip>
        <identifiers>
          <isin value="US31679RAE53"/>
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        <balance>13390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13391472.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Ally Master Owner Trust</name>
        <lei>N/A</lei>
        <title>Ally Master Owner Trust</title>
        <cusip>02005AHE1</cusip>
        <identifiers>
          <isin value="US02005AHE10"/>
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        <balance>33960000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34627993.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Drive Auto Receivables Trust 2019-2</name>
        <lei>N/A</lei>
        <title>Drive Auto Receivables Trust 2019-2</title>
        <cusip>26208RAD7</cusip>
        <identifiers>
          <isin value="US26208RAD70"/>
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        <balance>7110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7150171.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lanark Master Issuer plc</name>
        <lei>213800KIOPB5OYXIVY33</lei>
        <title>Lanark Master Issuer PLC</title>
        <cusip>513770AZ0</cusip>
        <identifiers>
          <isin value="US513770AZ09"/>
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        <balance>10941200.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10969537.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-12-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.31875000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2014-C23</name>
        <lei>N/A</lei>
        <title>WFRBS Commercial Mortgage Trust 2014-C23</title>
        <cusip>92939HAX3</cusip>
        <identifiers>
          <isin value="US92939HAX35"/>
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        <balance>786993.70000000</balance>
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        <curCd>USD</curCd>
        <valUSD>826548.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2017-C39</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2017-C39</title>
        <cusip>95000XAE7</cusip>
        <identifiers>
          <isin value="US95000XAE76"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196224.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chile Government International Bond</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Republic of Chile</title>
        <cusip>168863AW8</cusip>
        <identifiers>
          <isin value="US168863AW86"/>
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        <balance>1650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1680838.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UnitedHealth Group Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc.</title>
        <cusip>91324PDM1</cusip>
        <identifiers>
          <isin value="US91324PDM14"/>
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        <balance>2350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2474456.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>State Grid Overseas Investment 2016 Ltd.</name>
        <lei>3003006V8BHG5158QO96</lei>
        <title>State Grid Overseas Investment 2016 Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USG8450LAG98"/>
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        <balance>5542000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5605040.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2013-C12</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2013-C12</title>
        <cusip>46639NAQ4</cusip>
        <identifiers>
          <isin value="US46639NAQ43"/>
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        <balance>2043411.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2137428.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.66370000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MMAF Equipment Finance LLC 2019-A</name>
        <lei>N/A</lei>
        <title>MMAF Equipment Finance LLC 2019-A</title>
        <cusip>60700FAJ2</cusip>
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          <isin value="US60700FAJ21"/>
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        <balance>4320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4443163.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.08000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Walt Disney Co.</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Co.</title>
        <cusip>254687FJ0</cusip>
        <identifiers>
          <isin value="US254687FJ07"/>
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        <balance>3310000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
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      <invstOrSec>
        <name>CDP Financial Inc.</name>
        <lei>549300OXMGVYFCBFV096</lei>
        <title>CDP Financial Inc.</title>
        <cusip>125094AR3</cusip>
        <identifiers>
          <isin value="US125094AR35"/>
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        <balance>22500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22955850.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SMART ABS Series 2016-2US Trust</name>
        <lei>N/A</lei>
        <title>SMART ABS Series 2016-2US Trust</title>
        <cusip>83191GAF6</cusip>
        <identifiers>
          <isin value="US83191GAF63"/>
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        <balance>2330000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.05000000</annualizedRt>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2013-C15</name>
        <lei>5493003CHVRASC16O965</lei>
        <title>WFRBS Commercial Mortgage Trust 2013-C15</title>
        <cusip>92938CAE7</cusip>
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          <isin value="US92938CAE75"/>
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        <balance>282475.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>289698.63000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2017-C4</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2017-C4</title>
        <cusip>17326FAD9</cusip>
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          <isin value="US17326FAD96"/>
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        <balance>520000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.47100000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Holmes Master Issuer plc</name>
        <lei>5493007HX9EKP3XR9846</lei>
        <title>Holmes Master Issuer PLC</title>
        <cusip>43641NBY9</cusip>
        <identifiers>
          <isin value="US43641NBY94"/>
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        <balance>9647100.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9641630.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.36088000</annualizedRt>
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        <name>Commonwealth Bank of Australia</name>
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      <invstOrSec>
        <name>Nissan Motor Acceptance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust 2014-GC24</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2014-GC24</title>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2047-09-10</maturityDt>
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      <invstOrSec>
        <name>CSAIL 2015-C4 Commercial Mortgage Trust</name>
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        <title>CSAIL 2015-C4 Commercial Mortgage Trust</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-15</maturityDt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2015-C30</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2015-C30</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Province of Manitoba Canada</name>
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        <title>Province of Manitoba Canada</title>
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          <isin value="US563469TX35"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-06</maturityDt>
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      <invstOrSec>
        <name>Hyundai Auto Lease Securitization Trust 2019-B</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Lease Securitization Trust 2019-B</title>
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          <isin value="US44935RAC25"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-08-15</maturityDt>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2013-C15</name>
        <lei>549300UOGMFS1M8XVM16</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2013-C15</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65910000</annualizedRt>
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      <invstOrSec>
        <name>Dexia Credit Local SA</name>
        <lei>F4G136OIPBYND1F41110</lei>
        <title>Dexia Credit Local SA</title>
        <cusip>25214BAT1</cusip>
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          <isin value="US25214BAT17"/>
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        <balance>10290000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-20</maturityDt>
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          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>Export-Import Bank of Korea</name>
        <lei>549300APVP4R32PI3Y06</lei>
        <title>Export-Import Bank of Korea</title>
        <cusip>302154AX7</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-09-13</maturityDt>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust 2016-B</name>
        <lei>5493008SQ2WS8HE83M61</lei>
        <title>SMB Private Education Loan Trust 2016-B</title>
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          <maturityDt>2032-02-17</maturityDt>
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        <name>Goldman Sachs Group Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc.</title>
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          <maturityDt>2021-02-25</maturityDt>
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        <name>WFRBS Commercial Mortgage Trust 2014-LC14</name>
        <lei>549300QGM7D5K3CV2643</lei>
        <title>WFRBS Commercial Mortgage Trust 2014-LC14</title>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2047-03-15</maturityDt>
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        <name>Corp Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>Corp Nacional del Cobre de Chile</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GS Mortgage Securities Trust 2019-GC42</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2019-GC42</title>
        <cusip>36257UAL1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18</title>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2047-10-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Duke Energy Florida LLC</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <invCountry>FR</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citibank NA</name>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <title>Mitsubishi UFJ Financial Group Inc.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2014-C18</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2014-C18</title>
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          <isin value="US46641JAW62"/>
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        <balance>1460000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc.</title>
        <cusip>86562MAX8</cusip>
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          <isin value="US86562MAX83"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122BX5</cusip>
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          <isin value="US110122BX59"/>
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        <balance>15210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15358449.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-14</maturityDt>
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          <annualizedRt>2.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16</title>
        <cusip>61763MAH3</cusip>
        <identifiers>
          <isin value="US61763MAH34"/>
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        <balance>465000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.09400000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2012-GC8</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2012-GC8</title>
        <cusip>17318UAF1</cusip>
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          <isin value="US17318UAF12"/>
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        <balance>450000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.74100000</annualizedRt>
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      <invstOrSec>
        <name>Ally Auto Receivables Trust 2019-3</name>
        <lei>N/A</lei>
        <title>Ally Auto Receivables Trust 2019-3</title>
        <cusip>02007RAC3</cusip>
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          <isin value="US02007RAC34"/>
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        <balance>11670000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp.</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Nissan Motor Acceptance Corp.</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>Nissan Motor Acceptance Corp.</title>
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        <name>Banc of America Commercial Mortgage Trust 2015-UBS7</name>
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        <name>RESIMAC Premier Series 2017-1</name>
        <lei>N/A</lei>
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        <invCountry>AU</invCountry>

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        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AGM66</cusip>
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        <name>BP Capital Markets America Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America Inc.</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2014-GC23</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2014-GC23</title>
        <cusip>17322VAV8</cusip>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GM Financial Automobile Leasing Trust 2019-4</name>
        <lei>N/A</lei>
        <title>GM Financial Automobile Leasing Trust 2019-4</title>
        <cusip>36258MAE4</cusip>
        <identifiers>
          <isin value="US36258MAE49"/>
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        <balance>3810000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3773881.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.76000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2018-C5</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2018-C5</title>
        <cusip>17291DAD5</cusip>
        <identifiers>
          <isin value="US17291DAD57"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>255028.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.22800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2012-C7</name>
        <lei>N/A</lei>
        <title>WFRBS Commercial Mortgage Trust 2012-C7</title>
        <cusip>92936TAB8</cusip>
        <identifiers>
          <isin value="US92936TAB89"/>
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        <balance>596964.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>612264.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.43100000</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>SMB Private Education Loan Trust 2016-C</name>
        <lei>54930027GONY06ZX8P67</lei>
        <title>SMB Private Education Loan Trust 2016-C</title>
        <cusip>78449KAC4</cusip>
        <identifiers>
          <isin value="US78449KAC45"/>
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        <balance>478684.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>481948.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.83975000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MUFG Union Bank NA</name>
        <lei>OX3PU53ZLPQKJ4700D47</lei>
        <title>MUFG Union Bank NA</title>
        <cusip>90520EAH4</cusip>
        <identifiers>
          <isin value="US90520EAH45"/>
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        <balance>15875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16231076.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</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>Saudi Government International Bond</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>Kingdom of Saudi Arabia</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1508675334"/>
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        <balance>14000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14056499.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2016-C37</name>
        <lei>549300TRQQDPEF728F16</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2016-C37</title>
        <cusip>95000PAD6</cusip>
        <identifiers>
          <isin value="US95000PAD69"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>378392.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.52500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2014-GC25</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2014-GC25</title>
        <cusip>17322YAD2</cusip>
        <identifiers>
          <isin value="US17322YAD22"/>
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        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2369745.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.63500000</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>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136ALEU1</cusip>
        <identifiers>
          <isin value="US3136ALEU12"/>
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        <balance>15881388.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15604417.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>GS Mortgage Securities Trust 2016-GS3</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2016-GS3</title>
        <cusip>36251PAD6</cusip>
        <identifiers>
          <isin value="US36251PAD69"/>
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        <balance>580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>592841.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</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>JPMCC Commercial Mortgage Securities Trust 2017-JP7</name>
        <lei>N/A</lei>
        <title>JPMCC Commercial Mortgage Securities Trust 2017-JP7</title>
        <cusip>465968AE5</cusip>
        <identifiers>
          <isin value="US465968AE58"/>
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        <balance>340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>359145.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CD 2016-CD1 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CD 2016-CD1 Mortgage Trust</title>
        <cusip>12514MBC8</cusip>
        <identifiers>
          <isin value="US12514MBC82"/>
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        <balance>540000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545486.40000000</valUSD>
        <pctVal>0.008514714507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.72400000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan Bank for International Cooperation</name>
        <lei>549300TJ3QFYVCTSCJ29</lei>
        <title>Japan Bank for International Cooperation</title>
        <cusip>471048BY3</cusip>
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          <isin value="US471048BY30"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5090900.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MUFG Bank Ltd.</name>
        <lei>C3GTMMZIHMY46P4OIX74</lei>
        <title>MUFG Bank Ltd.</title>
        <cusip>064255BG6</cusip>
        <identifiers>
          <isin value="US064255BG66"/>
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        <balance>3990000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4034967.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6</title>
        <cusip>61761DAD4</cusip>
        <identifiers>
          <isin value="US61761DAD49"/>
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        <balance>383783.12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>389148.41000000</valUSD>
        <pctVal>0.006074372545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85800000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2013-LC12</name>
        <lei>549300V2DF3KW9L1CV04</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2013-LC12</title>
        <cusip>94988QAN1</cusip>
        <identifiers>
          <isin value="US94988QAN16"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>369715.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.28429700</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>Aventura Mall Trust 2013-AVM</name>
        <lei>N/A</lei>
        <title>Aventura Mall Trust 2013-AVM</title>
        <cusip>05357HAA8</cusip>
        <identifiers>
          <isin value="US05357HAA86"/>
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        <balance>708000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>720425.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.74267000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AMHN2</cusip>
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          <isin value="US3136AMHN25"/>
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        <balance>6555047.03000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6444463.39000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OBP Depositor LLC Trust 2010-OBP</name>
        <lei>N/A</lei>
        <title>OBP Depositor LLC Trust 2010-OBP</title>
        <cusip>67087MAA4</cusip>
        <identifiers>
          <isin value="US67087MAA45"/>
        </identifiers>
        <balance>654000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>662410.44000000</valUSD>
        <pctVal>0.010339828423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.64620000</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>Carmax Auto Owner Trust 2018-4</name>
        <lei>N/A</lei>
        <title>Carmax Auto Owner Trust 2018-4</title>
        <cusip>14315EAC4</cusip>
        <identifiers>
          <isin value="US14315EAC49"/>
        </identifiers>
        <balance>14160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14424792.00000000</valUSD>
        <pctVal>0.225162324310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.36000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credit Suisse AG/New York NY</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
        <title>Credit Suisse AG/New York NY</title>
        <cusip>22550L2A8</cusip>
        <identifiers>
          <isin value="US22550L2A85"/>
        </identifiers>
        <balance>7300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7317082.00000000</valUSD>
        <pctVal>0.114215247629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyota Auto Receivables 2019-C Owner Trust</name>
        <lei>N/A</lei>
        <title>Toyota Auto Receivables 2019-C Owner Trust</title>
        <cusip>89238UAD2</cusip>
        <identifiers>
          <isin value="US89238UAD28"/>
        </identifiers>
        <balance>32870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32838116.10000000</valUSD>
        <pctVal>0.512583234964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.91000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Credit Auto Owner Trust 2018-B</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Owner Trust 2018-B</title>
        <cusip>34532TAE2</cusip>
        <identifiers>
          <isin value="US34532TAE29"/>
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        <balance>14050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14421622.50000000</valUSD>
        <pctVal>0.225112850322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.38000000</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>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp.</title>
        <cusip>637432MQ5</cusip>
        <identifiers>
          <isin value="US637432MQ52"/>
        </identifiers>
        <balance>2023000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2064694.03000000</valUSD>
        <pctVal>0.032228631566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</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>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken AB</title>
        <cusip>86960BAL6</cusip>
        <identifiers>
          <isin value="US86960BAL62"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>804608.00000000</valUSD>
        <pctVal>0.012559446780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</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>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122BY3</cusip>
        <identifiers>
          <isin value="US110122BY33"/>
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        <balance>32870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33391318.20000000</valUSD>
        <pctVal>0.521218386906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust 2014-C19</name>
        <lei>549300FCX3YXSYSLU895</lei>
        <title>WFRBS Commercial Mortgage Trust 2014-C19</title>
        <cusip>92938VAP0</cusip>
        <identifiers>
          <isin value="US92938VAP04"/>
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        <balance>960000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1009536.00000000</valUSD>
        <pctVal>0.015758249563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.82900000</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>Benchmark 2018-B1 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B1 Mortgage Trust</title>
        <cusip>08162PAV3</cusip>
        <identifiers>
          <isin value="US08162PAV31"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116464.70000000</valUSD>
        <pctVal>0.001817943894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.60200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16</title>
        <cusip>46641BAC7</cusip>
        <identifiers>
          <isin value="US46641BAC72"/>
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        <balance>264000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278683.68000000</valUSD>
        <pctVal>0.004350084572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.88120000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMM 2013-SFS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2013-SFS Mortgage Trust</title>
        <cusip>12625EAC3</cusip>
        <identifiers>
          <isin value="US12625EAC30"/>
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        <balance>1098482.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1119891.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.98680000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp.</title>
        <cusip>24422EVA4</cusip>
        <identifiers>
          <isin value="US24422EVA45"/>
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        <balance>2760000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2761904.40000000</valUSD>
        <pctVal>0.043111665958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</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>HPEFS Equipment Trust 2019-1</name>
        <lei>549300NXXXDG2TJQD265</lei>
        <title>HPEFS Equipment Trust 2019-1</title>
        <cusip>40438DAC3</cusip>
        <identifiers>
          <isin value="US40438DAC39"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1301001.00000000</valUSD>
        <pctVal>0.020307842850</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.21000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Cmt Funds-Vanguard Market Liquidity Fund</name>
        <lei>1I6HV0TLSTR3A4XQ6L78</lei>
        <title>Vanguard Market Liquidity Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FAID" value="CMT001142"/>
        </identifiers>
        <balance>72694.45000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7270172.13000000</valUSD>
        <pctVal>0.113483012782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>VANGUARD MALVERN FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Christine M. Buchanan</ncom:signature>
      <ncom:signerName>Christine M. Buchanan</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
