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        <name>Taco Bell Funding Llc</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VICI PROPERTIES LP</name>
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          <isin value="US92564RAB15"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SG RESIDENTIAL MORTGAGE TRUST 2021-1</name>
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        <title>SGR 2021-1 A1</title>
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          <isin value="US784212AA01"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>KRE COMMERCIAL MORTGAGE TRUST 2025-AIP4</name>
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          <isin value="US50077KAC27"/>
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        <balance>560625.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bx Commercial Mortgage Trust 2018-Bioa</name>
        <lei>N/A</lei>
        <title>BX 2025-DIME A</title>
        <cusip>05613UAA9</cusip>
        <identifiers>
          <isin value="US05613UAA97"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>746958.90000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2025-CCM1</name>
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        <title>JPMMT 2025-CCM1 A2</title>
        <cusip>46593MAB3</cusip>
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          <isin value="US46593MAB37"/>
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        <balance>413047.26000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>411307.92000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UBS COMMERCIAL MORTGAGE TRUST 2017-C4</name>
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        <title>UBSCM 2017-C4 A4</title>
        <cusip>90276RBE7</cusip>
        <identifiers>
          <isin value="US90276RBE71"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>638208.61000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 2.125 02/15/40</title>
        <cusip>912810QF8</cusip>
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          <isin value="US912810QF84"/>
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        <balance>83600.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APPLEBEE'S FUNDING LLC</name>
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        <title>DIN 2025-1A A2</title>
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          <isin value="US03789XAH17"/>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BX COMMERCIAL MORTGAGE TRUST 2024-KING</name>
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        <title>BX 2024-KING A</title>
        <cusip>05612RAA7</cusip>
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          <isin value="US05612RAA77"/>
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        <name>GOLDMAN SACHS INTERNATIONAL</name>
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      <invstOrSec>
        <name>Primo Water Holdings Inc / Triton Water Holdings Inc.</name>
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        <name>B.A.T. International Finance PLC</name>
        <lei>21380041YBGOQDFAC823</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-16</maturityDt>
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      <invstOrSec>
        <name>TEXTAINER MARINE CONTAINERS VII LTD</name>
        <lei>549300X48KLHDDGPK024</lei>
        <title>TMCL 2021-2A A</title>
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          <isin value="US88315LAQ14"/>
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        <balance>706766.69000000</balance>
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        <curCd>USD</curCd>
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        <name>Bank of America Corp.</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 1 02/15/49</title>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 6.375 09/15/27</title>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.75 07/15/28</title>
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        <name>Crown Castle Inc.</name>
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        <name>OneMain Financial Corporation</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <title>CAS 2024-R03 2M2</title>
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        <name>International Business Machines Corp.</name>
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        <title>IBM 4.15 07/27/27</title>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2025-89 FG</title>
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        <name>Acadia Healthcare Company, Inc.</name>
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        <title>ACHC 5.5 07/01/28 144A</title>
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        <name>BANK 2019-BNK23</name>
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        <name>United States Treasury Notes</name>
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        <name>Altria Group, Inc.</name>
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        <name>Piedmont Natural Gas Company, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>SEQUOIA MORTGAGE TRUST 2025-12</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>Citigroup Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>MELLO MORTGAGE CAPITAL ACCEPTANCE 2022-INV2</name>
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        <name>Bank 2022-BNK42</name>
        <lei>N/A</lei>
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        <name>APA Corp.</name>
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        <name>United States Treasury Bonds</name>
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        <name>Devon Energy Corporation</name>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V2.943 01/21/33</title>
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        <name>Bank of America Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>Match Group Holdings II LLC</name>
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        <name>United States Treasury Notes</name>
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        <name>Morgan Stanley</name>
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        <name>Morgan Stanley</name>
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        <name>NRG Energy, Inc.</name>
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        <name>BBCMS MORTGAGE TRUST 2019-C4</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>LCM 36 LTD</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>TEXTAINER MARINE CONTAINERS VII LIM</name>
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        <name>CONNECTICUT AVENUE SECURITIES TRUST 2026-R02</name>
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        <name>Constellation Energy Generation LLC</name>
        <lei>S2PEWKCZFFECR4533P43</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Verizon Communications Inc.</name>
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        <name>United States Treasury Notes</name>
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        <name>INTOWN 2025-STAY MORTGAGE TRUST</name>
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        <name>EQT Corporation</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>Diamondback Energy Inc</name>
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        <title>FANG 3.125 03/24/31</title>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
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        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 1.75 08/21/30</title>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>MTN COMMERCIAL MORTGAGE TRUST 2022-LPFL</name>
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        <name>Targa Resources Partners LP/Targa Resources Finance Corp.</name>
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        <name>Diamondback Energy Inc</name>
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        <name>Outfront Media Capital LLC / Outfront Media Capital Corp</name>
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        <name>NXP B V / NXP Funding LLC &amp; NXP USA Inc</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <title>GS V4.516 01/21/32</title>
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        <name>American Tower Corporation</name>
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        <name>Morgan Stanley</name>
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        <name>EQT Corporation</name>
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        <name>United States Treasury Bonds</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <title>TOYOTA 4.55 08/09/29</title>
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        <name>Elevation CLO 2021-13 Ltd.</name>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2016-ASHF</name>
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        <title>BAMLL 2025-ASHF A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
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        <cusip>26884LAG4</cusip>
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          <isin value="US26884LAG41"/>
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        <curCd>USD</curCd>
        <valUSD>19263.96000000</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>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>SOUND POINT CLO XXIX LTD</name>
        <lei>N/A</lei>
        <title>SNDPT 2021-1A B1R</title>
        <cusip>83614VAW5</cusip>
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          <isin value="US83614VAW54"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>495732.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.26802000</annualizedRt>
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      <invstOrSec>
        <name>SDAL TRUST 2025-DAL</name>
        <lei>N/A</lei>
        <title>SDAL 2025-DAL A</title>
        <cusip>78437RAA7</cusip>
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          <isin value="US78437RAA77"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004311.80000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.11383000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.125 02/15/52</title>
        <cusip>912810TE8</cusip>
        <identifiers>
          <isin value="US912810TE82"/>
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        <balance>241700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146783.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</annualizedRt>
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        <name>Texas Eastern Transmission, L.P.</name>
        <lei>549300SIOULUXXIDGA69</lei>
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          <isin value="US882384AD28"/>
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        <curCd>USD</curCd>
        <valUSD>33441.27000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Targa Resources Partners LP/Targa Resources Finance Corp.</name>
        <lei>6OQWTZ1SPC04IFT4T704</lei>
        <title>TRGP 4.875 02/01/31</title>
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        <balance>153000.00000000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.125 07/15/30</title>
        <cusip>912828ZZ6</cusip>
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          <isin value="US912828ZZ63"/>
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        <balance>499200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>603000.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V2.699 01/22/31 GMTN</title>
        <cusip>6174468L6</cusip>
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          <isin value="US6174468L62"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.69900000</annualizedRt>
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      <invstOrSec>
        <name>CHASE HOME LENDING MORTGAGE TRUST 2026-CINV1</name>
        <lei>N/A</lei>
        <title>CHASE 2026-CINV1 A9B</title>
        <cusip>161923BS5</cusip>
        <identifiers>
          <isin value="US161923BS50"/>
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        <curCd>USD</curCd>
        <valUSD>482839.42000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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      <invstOrSec>
        <name>JERSEY MIKE'S FUNDING LLC</name>
        <lei>N/A</lei>
        <title>JMIKE 2025-1A A2</title>
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          <isin value="US476681AE10"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CLOVER CLO 2021-1 LLC</name>
        <lei>N/A</lei>
        <title>FTGPK 2025-2A CR</title>
        <cusip>18914KAE2</cusip>
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          <isin value="US18914KAE29"/>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 1.5 02/15/53</title>
        <cusip>912810TP3</cusip>
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          <isin value="US912810TP30"/>
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        <name>MOSAIC SOLAR LOAN TRUST 2025-1</name>
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        <title>MSAIC 2025-1A A</title>
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          <isin value="US61945HAA05"/>
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        <name>SONIC CAPITAL LLC</name>
        <lei>N/A</lei>
        <title>SONIC 2020-1A A2I</title>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 3.875 04/15/29</title>
        <cusip>912810FH6</cusip>
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          <isin value="US912810FH69"/>
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        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SOFI PROFESSIONAL LOAN PROGRAM 2021-B TRUST</name>
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        <title>SOFI 2021-B AFX</title>
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          <isin value="US83405NAA46"/>
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        <fairValLevel>2</fairValLevel>
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        <name>O'Reilly Automotive Inc.</name>
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        <name>General Mills, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>Morgan Stanley</name>
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        <name>Foundry JV Holdco LLC.</name>
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        <name>Darling Ingredients, Inc</name>
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        <name>United States Treasury Bonds</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Sirius Xm Radio LLC</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>MGM Resorts International</name>
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        <name>United States Treasury Bonds</name>
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        <name>United States Treasury Bonds</name>
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        <name>FS TRUST 2026-HULA</name>
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        <name>Connecticut Avenue Securities Trust 2024-R04</name>
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        <name>United States Treasury Bonds</name>
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        <title>TII 0.75 02/15/42</title>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Altria Group, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>BASF SE</name>
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        <name>Crown Castle Inc.</name>
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        <name>The Chemours Company LLC</name>
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        <name>Government National Mortgage Association</name>
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        <name>CLI FUNDING VIII LLC</name>
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        <name>MF1 2021-FL7 LTD</name>
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        <name>Energizer Holdings Inc</name>
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        <name>HCA Inc.</name>
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        <name>American Tower Corporation</name>
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        <name>Jgwpt Xxix Llc</name>
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        <name>Swch Commercial Mortgage Trust 2025-Data</name>
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        <name>United States Treasury Notes</name>
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        <name>United States Treasury Bonds</name>
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        <name>BX Trust 2025-Roic</name>
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        <name>Cleveland-Cliffs Inc</name>
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        <name>Duke Energy Progress LLC</name>
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        <name>Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc</name>
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        <name>GREAT WOLF TRUST 2015-WOLF</name>
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        <name>Advance Auto Parts Inc.</name>
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        <name>NiSource Inc.</name>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2025-A</name>
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        <name>Energy Transfer LP</name>
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        <name>GOLDMAN SACHS INTERNATIONAL</name>
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        <name>Duke Energy Florida LLC</name>
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        <name>CommonSpirit Health</name>
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        <name>PRM5 TRUST 2025-PRM5</name>
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          <maturityDt>2033-03-10</maturityDt>
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        <name>MHP COMMERCIAL MORTGAGE TRUST 2025-MHIL2</name>
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        <name>Vici Properties Inc</name>
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        <name>Glencore Funding LLC</name>
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        <name>RTX Corp.</name>
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        <title>RTX 5.75 01/15/29</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>Ozlm XV Ltd / Ozlm XV Ltd</name>
        <lei>5493008RJIODIVVGSK16</lei>
        <title>OZLM 2016-15A A1R3</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-20</maturityDt>
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        <name>Cedar Funding VIII CLO, Ltd</name>
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        <title>CEDF 2017-8A CRR</title>
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        <invCountry>KY</invCountry>
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        <name>STANDARD INDUSTRIES LTD</name>
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        <title>BMCAUS 4.75 01/15/28 144A</title>
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        <name>CenterPoint Energy Resources Corp.</name>
        <lei>2JADVB0458J06WCD4N56</lei>
        <title>CNP 5.25 03/01/28</title>
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        <name>Lowes Companies, Inc.</name>
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        <title>LOW 1.7 10/15/30</title>
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        <name>L3 Harris Technologies Inc</name>
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        <title>LHX 5.05 06/01/29</title>
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        <name>Georgia Power Company</name>
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        <title>SO 4.95 05/17/33</title>
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        <name>PRA Group Inc.</name>
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        <title>PRAA 8.375 02/01/28 144A</title>
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        <name>Fiserv Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISV 5.45 03/02/28</title>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.125 04/15/27</title>
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        <issuerCat>UST</issuerCat>
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        <name>Duke Energy Carolinas LLC</name>
        <lei>MWIUSDMN17TCR56VW396</lei>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V1.794 02/13/32 MTN</title>
        <cusip>6174468U6</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE 4.625 07/15/27</title>
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        <balance>383000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 4.25 02/15/29 144A</title>
        <cusip>70932MAB3</cusip>
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        <balance>185000.00000000</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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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>AMERICAN HERITAGE AUTO RECEIVABLES TRUST 2025-1</name>
        <lei>N/A</lei>
        <title>AHART 2025-1A B</title>
        <cusip>02650VAE0</cusip>
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          <isin value="US02650VAE02"/>
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        <balance>1300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>South Bow USA Infrastructure Holdings LLC</name>
        <lei>254900Z1WAY7QFQ7O850</lei>
        <title>SOBOCN 4.911 09/01/27</title>
        <cusip>83007CAB8</cusip>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>NiSource Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NI 1.7 02/15/31</title>
        <cusip>65473PAL9</cusip>
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          <isin value="US65473PAL94"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>NOVHOL 6.625 04/15/29 144A</title>
        <cusip>18972EAA3</cusip>
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          <isin value="US18972EAA38"/>
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        <balance>185000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
        <title>BX 2025-VOLT B</title>
        <cusip>05619PAC0</cusip>
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          <isin value="US05619PAC05"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>994785.60000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PLANET FITNESS MASTER ISSUER LLC SERIES 2018-1</name>
        <lei>549300NX9W3U2DO53T22</lei>
        <title>PLNT 2025-1A A2I</title>
        <cusip>72703PAH6</cusip>
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          <isin value="US72703PAH64"/>
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        <balance>1250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NEUBERGER BERMAN LOAN ADVISERS CLO</name>
        <lei>549300E2R8NH2QE50368</lei>
        <title>NEUB 2022-51A AR2</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Cheniere Energy Partners Lp</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CQP 4 03/01/31</title>
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        <invCountry>US</invCountry>
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        <name>Cinemark USA Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
        <title>CNK 5.25 07/15/28 144A</title>
        <cusip>172441BF3</cusip>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-1</name>
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        <title>SDART 2025-1 A3</title>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 1.75 01/20/31</title>
        <cusip>92343VFR0</cusip>
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        <balance>75000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>AMERICAN AIRLINES INC</name>
        <lei>N/A</lei>
        <title>AAL 5.75 04/20/29 144A</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ingram Micro Inc.</name>
        <lei>549300KJMEWPKRQZHX63</lei>
        <title>IM 4.75 05/15/29 144A</title>
        <cusip>45258LAA5</cusip>
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        <balance>185000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Smyrna Ready Mix Concrete LLC</name>
        <lei>549300S7RFWHQFOIOY93</lei>
        <title>SMYREA 6 11/01/28 144A</title>
        <cusip>85236FAA1</cusip>
        <identifiers>
          <isin value="US85236FAA12"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183720.41000000</valUSD>
        <pctVal>0.129016845776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>ELLINGTON FINANCIAL MORTGAGE TRUST 2021-3</name>
        <lei>N/A</lei>
        <title>EFMT 2021-3 A1</title>
        <cusip>31573JAA8</cusip>
        <identifiers>
          <isin value="US31573JAA88"/>
        </identifiers>
        <balance>262777.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219860.95000000</valUSD>
        <pctVal>0.154396380230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.24100000</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>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 1.75 01/15/28</title>
        <cusip>912810PV4</cusip>
        <identifiers>
          <isin value="US912810PV44"/>
        </identifiers>
        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244160.44000000</valUSD>
        <pctVal>0.171460589665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</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>ZAXBYS FUNDING LLC</name>
        <lei>N/A</lei>
        <title>ZAXBY 2021-1A A2</title>
        <cusip>98920MAA0</cusip>
        <identifiers>
          <isin value="US98920MAA09"/>
        </identifiers>
        <balance>1910000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1814194.59000000</valUSD>
        <pctVal>1.274010131083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.23800000</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>UK CLEARING HOUSE LIMITED</name>
        <lei>213800O8SCO4XJGBU385</lei>
        <title>IRS IFS USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="7300024"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>26262.30000000</valUSD>
        <pctVal>0.018442584081</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>UK CLEARING HOUSE LIMITED</counterpartyName>
              <counterpartyLei>213800O8SCO4XJGBU385</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="US CPI URBAN CONSUMERS" floatingRtSpread="0.00000000" pmntAmt="16000000.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="2.76700000"/>
            <terminationDt>2027-02-19</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>16000000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>26262.30000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V2.239 07/21/32 GMTN</title>
        <cusip>61747YED3</cusip>
        <identifiers>
          <isin value="US61747YED31"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52549.50000000</valUSD>
        <pctVal>0.036902654077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.23900000</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>BX COMMERCIAL MORTGAGE TRUST 2024-SLCT</name>
        <lei>N/A</lei>
        <title>BX 2024-SLCT A</title>
        <cusip>12433JAA8</cusip>
        <identifiers>
          <isin value="US12433JAA88"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>997482.40000000</valUSD>
        <pctVal>0.700477605975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.99597000</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>CLOUD SOFTWARE GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TIBX 6.5 03/31/29 144A</title>
        <cusip>88632QAE3</cusip>
        <identifiers>
          <isin value="US88632QAE35"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>180662.73000000</valUSD>
        <pctVal>0.126869603513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BENCHMARK 2025-V17 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BMARK 2025-V17 A3</title>
        <cusip>081934AR2</cusip>
        <identifiers>
          <isin value="US081934AR26"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1013498.40000000</valUSD>
        <pctVal>0.711724771175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-09-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.07460000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Voya Investors Trust</ncom:nameOfApplicant>
      <ncom:signature>Dorothy Roman</ncom:signature>
      <ncom:signerName>Dorothy Roman</ncom:signerName>
      <ncom:title>Vice President, Fund Administration</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
