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        <name>American Honda Finance Corp.</name>
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        <name>Hyundai Auto Lease Securitization Trust</name>
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        <name>Principal Life Global Funding II</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>Toyota Auto Receivables Owner Trust</name>
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        <name>Nestle Holdings, Inc.</name>
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        <name>Nissan Auto Receivables Owner Trust</name>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
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        <curCd>USD</curCd>
        <valUSD>8250000.00000000</valUSD>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <invstCat>CDS</invstCat>
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      <invstOrSec>
        <name>Credit Industriel et Commercial</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Western Union Co. (The)</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>Western Union Co. (The)</title>
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          <isin value="US95980GL144"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3999447.48000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122EM6</cusip>
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          <isin value="US110122EM67"/>
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        <balance>2055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2058362.60000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA</name>
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        <title>Cooperatieve Rabobank UA, New York</title>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5508933.27000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>718172CT4</cusip>
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          <isin value="US718172CT46"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5000188.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NRW Bank</name>
        <lei>52990002O5KK6XOGJ020</lei>
        <title>NRW Bank</title>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5896755.30000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Starbucks Corp.</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>Starbucks Corp.</title>
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        <balance>3130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3150168.87000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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        <name>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>Macquarie Bank Ltd.</title>
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        <balance>1990000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2023376.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mizuho Securities USA LLC</name>
        <lei>7TK5RJIZDFROZCA6XF66</lei>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3500000.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Swedbank AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>Swedbank AB</title>
        <cusip>87020YCZ9</cusip>
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        <balance>5800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5799776.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
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          <isin value="US251526CQ02"/>
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        <balance>3900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3885486.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.16200000</annualizedRt>
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      <invstOrSec>
        <name>BMW Vehicle Lease Trust</name>
        <lei>N/A</lei>
        <title>BMW Vehicle Lease Trust, Series 2024-1, Class A2B</title>
        <cusip>05611UAC7</cusip>
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          <isin value="US05611UAC71"/>
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        <balance>1113002.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1112832.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CNH Equipment Trust</name>
        <lei>N/A</lei>
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          <isin value="US12664QAB05"/>
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        <balance>786793.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>787566.11000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.34000000</annualizedRt>
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      <invstOrSec>
        <name>Siemens Financieringsmaatschappij NV</name>
        <lei>TAFO772JB70PDRN5VS48</lei>
        <title>Siemens Financieringsmaatschappij NV</title>
        <cusip>826200AD9</cusip>
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        <balance>8750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8999847.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>RTX Corp.</name>
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        <name>BofA Securities, Inc.</name>
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        <name>Taxable Municipal Funding Trust</name>
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        <name>Toyota Industries Commercial Finance, Inc.</name>
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        <name>GTA Funding LLC</name>
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        <name>State of Illinois</name>
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        <name>HSBC USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
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        <name>BMW Vehicle Owner Trust</name>
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        <name>CarMax Auto Owner Trust</name>
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        <name>Marubeni Finance America LLC</name>
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        <name>Taxable Municipal Funding Trust</name>
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        <name>National Securities Clearing Corp.</name>
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        <name>Morgan Stanley Bank NA</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>American Honda Finance Corp.</name>
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        <name>United States of America</name>
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        <name>NBN Co. Ltd.</name>
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        <name>Credit Agricole Corporate &amp; Investment Bank SA</name>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>United Overseas Bank Ltd.</name>
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        <name>Mercedes-Benz Auto Lease Trust</name>
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        <name>New York Life Global Funding</name>
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        <name>HSBC Bank USA NA</name>
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        <name>Protective Life Global Funding</name>
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        <name>American Express Co.</name>
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        <name>Lloyds Bank Corporate Markets plc</name>
        <lei>213800MBWEIJDM5CU638</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
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        <title>Hyundai Capital America</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toyota Auto Receivables Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-13</maturityDt>
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      <invstOrSec>
        <name>Telstra Group Ltd.</name>
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        <title>Telstra Group Ltd.</title>
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        <balance>9180000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-17</maturityDt>
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      <invstOrSec>
        <name>HSBC USA, Inc.</name>
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        <balance>2445000.00000000</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>2025-06-06</maturityDt>
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      <invstOrSec>
        <name>Ridgefield Funding Co. LLC</name>
        <lei>N/A</lei>
        <title>Ridgefield Funding Co. LLC</title>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-21</maturityDt>
          <couponKind>None</couponKind>
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        <name>National Australia Bank Ltd.</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
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        <balance>5150000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>USAA Auto Owner Trust</name>
        <lei>N/A</lei>
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          <isin value="US90327VAB45"/>
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        <balance>1907000.00000000</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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          <couponKind>Fixed</couponKind>
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        <name>J.P. Morgan Securities LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MassMutual Global Funding II</name>
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        <name>Wells Fargo Securities LLC</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Honda Auto Receivables Owner Trust</name>
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        <name>Concord Minutemen Capital Co. LLC</name>
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        <title>Concord Minutemen Capital Co. LLC</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Honda Auto Receivables Owner Trust</name>
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        <title>Honda Auto Receivables Owner Trust, Series 2023-2, Class A2</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Paradelle Funding LLC</name>
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        <title>Paradelle Funding LLC</title>
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        <balance>6770000.00000000</balance>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-18</maturityDt>
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      <invstOrSec>
        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
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      <invstOrSec>
        <name>Hyundai Auto Lease Securitization Trust</name>
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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>2025-09-15</maturityDt>
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      <invstOrSec>
        <name>CNH Equipment Trust</name>
        <lei>N/A</lei>
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          <isin value="US18978JAB44"/>
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        <balance>1746000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.42000000</annualizedRt>
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      <invstOrSec>
        <name>Mercedes-Benz Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
        <title>Mercedes-Benz Finance North America LLC</title>
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          <isin value="US58769JAJ60"/>
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        <balance>3330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3344315.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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      <invstOrSec>
        <name>Ford Credit Auto Lease Trust</name>
        <lei>N/A</lei>
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        <balance>590726.39000000</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>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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      <invstOrSec>
        <name>TWDC Enterprises 18 Corp.</name>
        <lei>7260JQNI6SCF9FIV2392</lei>
        <title>TWDC Enterprises 18 Corp.</title>
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        <balance>6040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5811605.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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      <invstOrSec>
        <name>HSBC USA, Inc.</name>
        <lei>549300LBOHZ4QSIWU288</lei>
        <title>HSBC USA, Inc.</title>
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        <balance>3320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3273698.42000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-14</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Bay Square Funding LLC</name>
        <lei>254900LIJZLNOHX66R80</lei>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2500279.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-10</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <balance>4800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4841063.09000000</valUSD>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-13</maturityDt>
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      <invstOrSec>
        <name>Wisconsin Public Service Corp.</name>
        <lei>549300BJRHJVYNUMQZ30</lei>
        <title>Wisconsin Public Service Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
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        <title>UnitedHealth Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
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        <name>Goldman Sachs Bank USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
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        <invCountry>US</invCountry>
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        <name>Paradelle Funding LLC</name>
        <lei>N/A</lei>
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        <balance>12530000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-06</maturityDt>
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        <name>Royal Bank of Canada</name>
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        <balance>8840000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-07</maturityDt>
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      <invstOrSec>
        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
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        <balance>1201342.83000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-16</maturityDt>
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      <invstOrSec>
        <name>Credit Agricole Corporate &amp; Investment Bank SA</name>
        <lei>254900BN8XS34XZDJ223</lei>
        <title>Credit Agricole Corporate &amp; Investment Bank SA</title>
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        <name>Svenska Handelsbanken</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>National Bank of Canada</name>
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        <name>Telstra Group Ltd.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
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          <isin value="US14318XAB10"/>
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        <curCd>USD</curCd>
        <valUSD>1536099.18000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bell Telephone Co. of Canada or Bell Canada (The)</name>
        <lei>549300JYAVAQRV5MNZ86</lei>
        <title>Bell Telephone Co. of Canada or Bell Canada (The)</title>
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          <isin value="US07787PM966"/>
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        <balance>6260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6227502.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-09</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4986071.20000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-13</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>European Investment Bank</name>
        <lei>5493006YXS1U5GIHE750</lei>
        <title>European Investment Bank</title>
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          <isin value="US29878RRH39"/>
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        <balance>11750000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Volkswagen Financial Services</name>
        <lei>549300UUPJ2NXDB68M19</lei>
        <title>Volkswagen Financial Services</title>
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          <isin value="US91842JN629"/>
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        <balance>4200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4162438.31000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Microchip Technology, Inc.</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>Microchip Technology, Inc.</title>
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          <isin value="US59501QL182"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2249682.41000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MUFG Bank Ltd.</name>
        <lei>C3GTMMZIHMY46P4OIX74</lei>
        <title>MUFG Bank Ltd.</title>
        <cusip>55380UZF7</cusip>
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          <isin value="US55380UZF73"/>
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        <balance>10100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10102401.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.06000160</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>Canadian Imperial Bank of Commerce</name>
        <lei>549300H8L46OOZOFHU82</lei>
        <title>Canadian Imperial Bank of Commerce</title>
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          <isin value="US13606DAY85"/>
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        <balance>5900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5898928.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
        <cusip>94988J6H5</cusip>
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          <isin value="US94988J6H59"/>
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        <balance>3150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3158102.75000000</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>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.81100000</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>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel SA</title>
        <cusip>06675FAZ0</cusip>
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          <isin value="US06675FAZ09"/>
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        <balance>4800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4807531.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.93500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>WEC Energy Group, Inc.</name>
        <lei>549300IGLYTZUK3PVP70</lei>
        <title>WEC Energy Group, Inc.</title>
        <cusip>92939UAH9</cusip>
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          <isin value="US92939UAH95"/>
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        <balance>2560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2562364.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Daimler Truck Finance North America LLC</name>
        <lei>5493003HSDTSCZRXBA58</lei>
        <title>Daimler Truck Finance North America LLC</title>
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        <balance>2545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2546367.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>CRH America Finance, Inc.</name>
        <lei>549300WEVUODRJ4CWK56</lei>
        <title>CRH America Finance, Inc.</title>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-09</maturityDt>
          <couponKind>None</couponKind>
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        <name>Bell Telephone Co. of Canada or Bell Canada (The)</name>
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        <balance>5500000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Province of Quebec Canada</name>
        <lei>549300WN65YFEQH74Y36</lei>
        <title>Province of Quebec Canada</title>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4922270.35000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hyundai Auto Lease Securitization Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Lease Securitization Trust, Series 2024-B, Class A2A</title>
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        <balance>2971509.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2984377.76000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.51000000</annualizedRt>
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      <invstOrSec>
        <name>ING US Funding LLC</name>
        <lei>254900QX5Y2ZDZ6XBT08</lei>
        <title>ING US Funding LLC</title>
        <cusip>44988KLF4</cusip>
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          <other otherDesc="Inhouse Asset ID" value="44988KLF4"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3500267.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Waste Management, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Global Markets, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BofA Securities, Inc.</name>
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        <title>BofA Securities, Inc.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mercedes-Benz Finance North America LLC</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of New York Mellon (The)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <balance>2220000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Komatsu Finance America, Inc.</name>
        <lei>549300SRAAFEEQ8Z4D68</lei>
        <title>Komatsu Finance America, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Financial Services</name>
        <lei>549300UUPJ2NXDB68M19</lei>
        <title>Volkswagen Financial Services</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Aquitaine Funding Co. LLC</name>
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        <name>Walmart, Inc.</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>Walmart, Inc.</title>
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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>Pacific Life Global Funding II</name>
        <lei>6354003EUPCHXTWUU869</lei>
        <title>Pacific Life Global Funding II</title>
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        <balance>3515000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Ford Credit Auto Lease Trust</name>
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        <name>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>Commonwealth Bank of Australia</title>
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        <balance>3300000.00000000</balance>
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        <valUSD>3300658.15000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.01000120</annualizedRt>
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      <invstOrSec>
        <name>General Dynamics Corp.</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>General Dynamics Corp.</title>
        <cusip>369550BL1</cusip>
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        <balance>1970000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Microchip Technology, Inc.</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nordea Bank Abp</name>
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        <name>KeyBank NA</name>
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        <name>Credit Agricole Corporate &amp; Investment Bank SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chase Issuance Trust</name>
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        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
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        <title>Sumitomo Mitsui Trust Bank Ltd.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-10</maturityDt>
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        <name>CRH America Finance, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <name>Toyota Auto Receivables Owner Trust</name>
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        <name>Reckitt Benckiser Treasury Services plc</name>
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        <invCountry>GB</invCountry>
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        <name>Lockheed Martin Corp.</name>
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        <name>Macquarie Bank Ltd.</name>
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        <name>Brookfield Renewable Partners LP</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <name>American Honda Finance Corp.</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>American Honda Finance Corp.</title>
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        <name>Spire, Inc.</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>BlackRock Liquidity Funds</name>
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        <name>Queensland Treasury Corp.</name>
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        <name>Macquarie Bank Ltd.</name>
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        <name>Citibank Credit Card Issuance Trust</name>
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        <name>John Deere Capital Corp.</name>
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        <name>National Bank of Canada</name>
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        <name>BPCE SA</name>
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        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
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      <invstOrSec>
        <name>BMW US Capital LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BofA Securities, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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      <invstOrSec>
        <name>DNB Bank ASA</name>
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      <invstOrSec>
        <name>Mizuho Bank Ltd.</name>
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        <balance>3300000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>JPMorgan Chase Bank NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPMorgan Chase Bank NA</title>
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        <balance>3030000.00000000</balance>
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      <invstOrSec>
        <name>National Bank of Canada</name>
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        <title>National Bank of Canada</title>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Daimler Truck Finance North America LLC</name>
        <lei>5493003HSDTSCZRXBA58</lei>
        <title>Daimler Truck Finance North America LLC</title>
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          <isin value="US233853AV24"/>
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        <balance>2260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2271843.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Toyota Lease Owner Trust</name>
        <lei>254900MVSB4M6HOIRE71</lei>
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          <isin value="US89238GAC50"/>
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        <balance>1373838.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1374190.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
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        <balance>3070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3033596.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>HSBC USA, Inc.</name>
        <lei>549300LBOHZ4QSIWU288</lei>
        <title>HSBC USA, Inc.</title>
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        <balance>7630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7547181.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Citigroup Global Markets, Inc.</name>
        <lei>MBNUM2BPBDO7JBLYG310</lei>
        <title>Citigroup Global Markets, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <transCat>Repurchase</transCat>
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              <invstCat>PLCMO</invstCat>
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      <invstOrSec>
        <name>ING US Funding LLC</name>
        <lei>254900QX5Y2ZDZ6XBT08</lei>
        <title>ING US Funding LLC</title>
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        <balance>5000000.00000000</balance>
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        <valUSD>4793608.40000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Volvo Treasury North America LP</name>
        <lei>549300FWBZ85PPXFLH91</lei>
        <title>Volvo Treasury North America LP</title>
        <cusip>9288N2LF7</cusip>
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          <isin value="US9288N2LF73"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1746422.70000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Microchip Technology, Inc.</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>Microchip Technology, Inc.</title>
        <cusip>59501QLM2</cusip>
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          <isin value="US59501QLM23"/>
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        <balance>4800000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2024-11-21</maturityDt>
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      <invstOrSec>
        <name>Norfina Ltd.</name>
        <lei>JEBU6C6ITPD2YZ9N7F22</lei>
        <title>Norfina Ltd.</title>
        <cusip>86724AQA2</cusip>
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          <isin value="US86724AQA24"/>
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        <balance>4750000.00000000</balance>
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        <valUSD>4671611.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp.</title>
        <cusip>032095AM3</cusip>
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          <isin value="US032095AM37"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>751521.75000000</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>2026-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Financial Services</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-21</maturityDt>
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      <invstOrSec>
        <name>CNH Equipment Trust</name>
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      <invstOrSec>
        <name>PPG Industries, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Microchip Technology, Inc.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Brookfield Renewable Partners LP</name>
        <lei>VA8DFMRI2GY8Y7V79H93</lei>
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        <balance>2250000.00000000</balance>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bay Square Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Honda Finance Corp.</name>
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        <title>American Honda Finance Corp.</title>
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        <name>American Honda Finance Corp.</name>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>Brookfield Renewable Partners LP</name>
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        <name>Macquarie Bank Ltd.</name>
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        <invCountry>AU</invCountry>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Citibank NA</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mercedes-Benz Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Microchip Technology, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Bank Securities, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amphenol Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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            <repurchaseCollateral>
              <principalAmt>306794387.00000000</principalAmt>
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              <invstCat>ABS</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CDP Financial, Inc.</name>
        <lei>549300OXMGVYFCBFV096</lei>
        <title>CDP Financial, Inc.</title>
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          <isin value="US12509RP396"/>
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        <balance>6940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6855524.17000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-03</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Volkswagen Financial Services</name>
        <lei>549300UUPJ2NXDB68M19</lei>
        <title>Volkswagen Financial Services</title>
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        <balance>3420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3407966.15000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-26</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>National Australia Bank Ltd.</name>
        <lei>549300E2IPL06NDXMZ63</lei>
        <title>National Australia Bank Ltd.</title>
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        <balance>3140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3149490.37000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-13</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>BPCE SA</name>
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        <title>BPCE SA</title>
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        <balance>3140000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-26</maturityDt>
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          <annualizedRt>5.10000000</annualizedRt>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>Florida Power &amp; Light Co.</title>
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        <curCd>USD</curCd>
        <valUSD>1917280.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
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          <annualizedRt>4.45000000</annualizedRt>
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        <name>United States of America</name>
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        <balance>2930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2894290.63000000</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>2026-09-30</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>Australia &amp; New Zealand Banking Group Ltd.</title>
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        <balance>3245000.00000000</balance>
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        <valUSD>3263976.14000000</valUSD>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cargill, Inc.</name>
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        <title>Cargill, Inc.</title>
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        <balance>5185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5200673.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Life Global Funding</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>New York Life Global Funding</title>
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        <balance>6200000.00000000</balance>
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        <valUSD>6158305.74000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-05</maturityDt>
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          <annualizedRt>3.60000000</annualizedRt>
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        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
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        <balance>3340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3359896.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
        <lei>5493000FQO8XF9C0RT95</lei>
        <title>Pfizer Investment Enterprises Pte. Ltd.</title>
        <cusip>716973AA0</cusip>
        <identifiers>
          <isin value="US716973AA02"/>
          <other otherDesc="Inhouse Asset ID" value="716973AA0"/>
        </identifiers>
        <balance>7600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7594825.46000000</valUSD>
        <pctVal>0.673217304438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</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 of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CJL6</cusip>
        <identifiers>
          <isin value="US91282CJL63"/>
          <other otherDesc="Inhouse Asset ID" value="91282CJL6"/>
        </identifiers>
        <balance>3080000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3097445.30000000</valUSD>
        <pctVal>0.274562435502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</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>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
        <cusip>65339KBS8</cusip>
        <identifiers>
          <isin value="US65339KBS87"/>
          <other otherDesc="Inhouse Asset ID" value="65339KBS8"/>
        </identifiers>
        <balance>2905000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2925810.32000000</valUSD>
        <pctVal>0.259348440237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.74900000</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 Agricole Corporate &amp; Investment Bank SA</name>
        <lei>254900BN8XS34XZDJ223</lei>
        <title>Credit Agricole Corporate &amp; Investment Bank SA</title>
        <cusip>22532XZA9</cusip>
        <identifiers>
          <isin value="US22532XZA98"/>
          <other otherDesc="Inhouse Asset ID" value="22532XZA9"/>
        </identifiers>
        <balance>8700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8700706.18000000</valUSD>
        <pctVal>0.771244315233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09000040</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>Bank of America NA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>Bank of America NA</title>
        <cusip>06050FLW0</cusip>
        <identifiers>
          <isin value="US06050FLW04"/>
          <other otherDesc="Inhouse Asset ID" value="06050FLW0"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3001007.22000000</valUSD>
        <pctVal>0.266014012025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.07999960</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>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel SA</title>
        <cusip>06675FBC0</cusip>
        <identifiers>
          <isin value="US06675FBC05"/>
          <other otherDesc="Inhouse Asset ID" value="06675FBC0"/>
        </identifiers>
        <balance>3140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3165122.67000000</valUSD>
        <pctVal>0.280561464294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.08800000</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 of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828P46</cusip>
        <identifiers>
          <isin value="US912828P469"/>
          <other otherDesc="Inhouse Asset ID" value="912828P46"/>
        </identifiers>
        <balance>2580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2495746.88000000</valUSD>
        <pctVal>0.221226938784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</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>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
        <cusip>172967MQ1</cusip>
        <identifiers>
          <isin value="US172967MQ12"/>
          <other otherDesc="Inhouse Asset ID" value="172967MQ1"/>
        </identifiers>
        <balance>2430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2408740.42000000</valUSD>
        <pctVal>0.213514548976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-08</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.10600000</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>Alinghi Funding Co. LLC</name>
        <lei>549300VRDDZC1N8S3N22</lei>
        <title>Alinghi Funding Co. LLC</title>
        <cusip>01626FRG5</cusip>
        <identifiers>
          <isin value="US01626FRG53"/>
          <other otherDesc="Inhouse Asset ID" value="01626FRG5"/>
        </identifiers>
        <balance>7260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7106617.62000000</valUSD>
        <pctVal>0.629941791685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northwestern Mutual Global Funding</name>
        <lei>635400LZXFVELZDVP257</lei>
        <title>Northwestern Mutual Global Funding</title>
        <cusip>66815L2J7</cusip>
        <identifiers>
          <isin value="US66815L2J72"/>
          <other otherDesc="Inhouse Asset ID" value="66815L2J7"/>
        </identifiers>
        <balance>6400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6381274.88000000</valUSD>
        <pctVal>0.565646267478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>





      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-10-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
