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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Adani Electricity Mumbai Ltd.</name>
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        <name>Eaton Corp. plc</name>
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        <name>Romania</name>
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        <name>JBS NV</name>
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        <name>New Residential Mortgage Loan Trust</name>
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          <maturityDt>2065-05-25</maturityDt>
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        <name>Accenture Capital, Inc.</name>
        <lei>254900FRO0P7RIINYT25</lei>
        <title>Accenture Capital, Inc.</title>
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          <isin value="US00440KAD54"/>
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        <name>N/A</name>
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        <name>Versant Media Group, Inc.</name>
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        <title>Versant Media Group, Inc.</title>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Multifamily Structured Pass-Through Certificates, Series K110, Class XAM</title>
        <cusip>3137FTZU4</cusip>
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          <isin value="US3137FTZU47"/>
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        <name>Lam Research Corp.</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>Lam Research Corp.</title>
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        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>GNMA</name>
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        <name>Exxon Mobil Corp.</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>Exxon Mobil Corp.</title>
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        <name>BANK</name>
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        <name>N/A</name>
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        <name>CME Group, Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <issuerCat>USGA</issuerCat>
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        <name>Business Jet Securities LLC</name>
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        <name>E.ON International Finance BV</name>
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        <name>FNMA</name>
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        <name>Northwestern Mutual Life Insurance Co. (The)</name>
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        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp., Class A</title>
        <cusip>032095101</cusip>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3138EMUX7</cusip>
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        <name>Danske Bank A/S</name>
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        <title>Danske Bank A/S</title>
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        <name>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc.</title>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Multifamily Structured Pass-Through Certificates, Series K128, Class X1</title>
        <cusip>3137FYUL8</cusip>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Credit Index Swaption</title>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>JH North America Holdings, Inc.</name>
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        <name>Chubb Ltd.</name>
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        <name>WSP Global, Inc.</name>
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        <name>Regal Rexnord Corp.</name>
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        <name>FNMA</name>
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        <issuerCat>USGSE</issuerCat>
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        <name>NVIDIA Corp.</name>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>Paychex, Inc.</name>
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        <name>BUPA Finance plc</name>
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        <name>PG&amp;E Corp.</name>
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        <name>Videotron Ltd.</name>
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        <name>UniCredit SpA</name>
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        <name>FHLMC Pool</name>
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        <name>Astra International Tbk. PT</name>
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        <name>Volvo Financial Equipment LLC</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank Gospodarstwa Krajowego</name>
        <lei>259400BCOV9JJIGLYF05</lei>
        <title>Bank Gospodarstwa Krajowego</title>
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          <isin value="US06237MAB90"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Enterprise Fleet Financing LLC</name>
        <lei>N/A</lei>
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        <cusip>29375QAB4</cusip>
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          <isin value="US29375QAB41"/>
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        <curCd>USD</curCd>
        <valUSD>117975.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.31000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179WVT2</cusip>
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          <isin value="US36179WVT25"/>
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        <curCd>USD</curCd>
        <valUSD>580130.18000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-01-20</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>National Bank of Greece SA</name>
        <lei>5UMCZOEYKCVFAW8ZLO05</lei>
        <title>National Bank of Greece SA</title>
        <cusip>N/A</cusip>
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          <isin value="GRS003003035"/>
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        <balance>48727.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
        <title>Berkshire Hathaway Energy Co.</title>
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          <isin value="US084659BF75"/>
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        <balance>294000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247215.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vale SA</name>
        <lei>254900SMTWBX7RU2SR20</lei>
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        <cusip>N/A</cusip>
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          <isin value="BRVALEACNOR0"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2015-144, Class HF</title>
        <cusip>38379QC94</cusip>
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          <isin value="US38379QC949"/>
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        <balance>214673.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210302.96000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-20</maturityDt>
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      <invstOrSec>
        <name>PSEG Power LLC</name>
        <lei>N/A</lei>
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        <cusip>69362BBD3</cusip>
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          <isin value="US69362BBD38"/>
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        <balance>613000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>628846.36000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Japanese Yen</name>
        <lei>N/A</lei>
        <title>Japanese Yen</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FHLMC</name>
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        <cusip>3137FWHX1</cusip>
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        <curCd>USD</curCd>
        <valUSD>173633.57000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Bermuda</name>
        <lei>549300FP5PUZXX9FVJ40</lei>
        <title>Bermuda Government Bond</title>
        <cusip>085209AG9</cusip>
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          <isin value="US085209AG93"/>
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        <balance>418000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>380016.34000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-20</maturityDt>
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          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group, Inc.</title>
        <cusip>91324PFJ6</cusip>
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          <isin value="US91324PFJ66"/>
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        <balance>692000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-15</maturityDt>
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          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179YHS6</cusip>
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          <isin value="US36179YHS63"/>
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        <balance>116355.63000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118475.13000000</valUSD>
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          <maturityDt>2053-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>Florida Power &amp; Light Co.</title>
        <cusip>341081GE1</cusip>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>JBS NV</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Ryanair Holdings plc</name>
        <lei>635400BR2ROC1FVEBQ56</lei>
        <title>Ryanair Holdings plc</title>
        <cusip>N/A</cusip>
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          <isin value="IE00BYTBXV33"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Sovereign in right of New Zealand</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>New Zealand Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="NZGOVDT530C2"/>
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        <balance>2355000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="907471"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <name>American Tower Corp.</name>
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        <name>MFS Institutional Money Market Portfolio</name>
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        <name>Japan</name>
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        <name>French Republic</name>
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        <name>FHLMC Pool</name>
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        <name>Waters Corp.</name>
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        <name>Northern Star Resources Ltd.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Columbia Pipelines Operating Co. LLC</name>
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        <name>FHLMC</name>
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        <name>Element Fleet Management Corp.</name>
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        <name>GNMA</name>
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        <name>PG&amp;E Corp.</name>
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        <name>PetroChina Co. Ltd.</name>
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        <name>Inner Mongolia Yili Industrial Group Co. Ltd.</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>Targa Resources Corp.</name>
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        <name>Intel Corp.</name>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>Amadeus IT Group SA</name>
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        <name>Georgia Power Co.</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>State Street Bank and Trust</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="906402"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>Cousins Properties LP</name>
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          <isin value="US222793AA90"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Julius Baer Group Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="908290"/>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>French Republic</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hon Hai Precision Industry Co. Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Phillips 66</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pluxee NV</name>
        <lei>213800RQNIQT48SEEO85</lei>
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          <isin value="FR001400OF19"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>UBS Group AG</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Danone SA</name>
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        <name>Sanofi SA</name>
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        <name>GNMA</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>FHLMC</name>
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        <name>EQT Trust</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Broadcom, Inc.</name>
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        <name>GNMA</name>
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        <name>GNMA</name>
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        <name>British American Tobacco plc</name>
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        <name>ICON plc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Booking Holdings, Inc.</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>Booking Holdings, Inc.</title>
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          <isin value="XS3224498108"/>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <invCountry>FR</invCountry>
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        <name>Huntington Ingalls Industries, Inc.</name>
        <lei>5TZLZ6WJTBVJ0QWBG121</lei>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Linde plc</name>
        <lei>5299003QR1WT0EF88V51</lei>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-14</maturityDt>
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        <name>Flowers Foods, Inc.</name>
        <lei>7YNCQQNDK8FBM9BBTK25</lei>
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        <name>N/A</name>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>U.K. Treasury</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3138ETDL77"/>
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        <balance>257393.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>31419JSM1</cusip>
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          <isin value="US31419JSM17"/>
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        <balance>338037.92000000</balance>
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        <curCd>USD</curCd>
        <valUSD>332581.13000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>NTT Finance Corp.</name>
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        <title>NTT Finance Corp.</title>
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          <isin value="XS3100081846"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.09100000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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          <isin value="US0970231058"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>31410KJU9</cusip>
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          <isin value="US31410KJU97"/>
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        <balance>5172.83000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5460.28000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Galaxy Pipeline Assets Bidco Ltd.</name>
        <lei>549300L82YB0C6JQIC26</lei>
        <title>Galaxy Pipeline Assets Bidco Ltd.</title>
        <cusip>36321PAD2</cusip>
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          <isin value="US36321PAD24"/>
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        <balance>357985.28000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323563.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-31</maturityDt>
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          <annualizedRt>2.16000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FDJ UNITED</name>
        <lei>969500R4CLSQFTYYI535</lei>
        <title>FDJ UNITED</title>
        <cusip>N/A</cusip>
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          <isin value="FR0013451333"/>
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        <balance>33405.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179XFH4</cusip>
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          <isin value="US36179XFH44"/>
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        <curCd>USD</curCd>
        <valUSD>240771.93000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Nitto Denko Corp.</name>
        <lei>3538009GX5P09USH2J25</lei>
        <title>Nitto Denko Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3684000007"/>
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        <balance>63000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bank Gospodarstwa Krajowego</name>
        <lei>259400BCOV9JJIGLYF05</lei>
        <title>Bank Gospodarstwa Krajowego</title>
        <cusip>06237MAA1</cusip>
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          <isin value="US06237MAA18"/>
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        <balance>442000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>455628.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-22</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Oriental Republic of Uruguay</name>
        <lei>549300RDR012H2V82H43</lei>
        <title>Oriental Republic of Uruguay</title>
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          <isin value="US760942BF85"/>
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        <invCountry>UY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-20</maturityDt>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-20</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NTT Finance Corp.</name>
        <lei>3538007PR116187GD960</lei>
        <title>NTT Finance Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="XS3100081507"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-16</maturityDt>
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          <annualizedRt>3.67800000</annualizedRt>
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        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mex Bonos Desarr Fix Rt</title>
        <cusip>N/A</cusip>
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          <isin value="MX0MGO0000U2"/>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New Zealand Dollar</name>
        <lei>N/A</lei>
        <title>New Zealand Dollar</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Tesco Corporate Treasury Services plc</name>
        <lei>21380018AJDKNF3A6712</lei>
        <title>Tesco Corporate Treasury Services plc</title>
        <cusip>N/A</cusip>
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          <isin value="XS2824047372"/>
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        <balance>529000.00000000</balance>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-22</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Canada 10 Year Bond</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="CNH6COS"/>
          <other otherDesc="Future Ticker" value="CNH6 Comdty"/>
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                  <ticker value="CNH6 Comdty"/>
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      <invstOrSec>
        <name>Albertsons Cos., Inc.</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>Albertsons Cos., Inc., Class A</title>
        <cusip>013091103</cusip>
        <identifiers>
          <isin value="US0130911037"/>
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        <balance>66532.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>People's Republic of China</name>
        <lei>300300CHN201808MOF68</lei>
        <title>People's Republic of China</title>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>French Republic</name>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <name>GNMA</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Edison International</name>
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        <name>Flutter Treasury DAC</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>FNMA</name>
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        <name>Element Fleet Management Corp.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Tenaris SA</name>
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        <name>Swedish Krona</name>
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        <name>United States of America</name>
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      <invstOrSec>
        <name>BMS Ireland Capital Funding DAC</name>
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          <isin value="XS3215466338"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Akzo Nobel NV</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Equitable Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pfizer, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BNP Paribas SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hyundai Capital America</name>
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        <name>Federal Republic of Germany</name>
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          <isin value="DE000BU2D004"/>
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        <balance>1020000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-15</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Connecticut State Higher Education Supplement Loan Authority</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-15</maturityDt>
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        <name>Empire District Bondco LLC</name>
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        <name>Smurfit Kappa Treasury ULC</name>
        <lei>635400B3DOXSWFOWJT40</lei>
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        <invCountry>IE</invCountry>
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        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Province of Ontario Canada</name>
        <lei>C7PVKCRGLG18EBQGZV36</lei>
        <title>Province of Ontario</title>
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        <invCountry>CA</invCountry>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <name>Unilever Capital Corp.</name>
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        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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        <invCountry>MX</invCountry>
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        <name>N/A</name>
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              <counterpartyName>State Street Bank and Trust</counterpartyName>
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        <name>APA Infrastructure Ltd.</name>
        <lei>261700SS8OEHDOCOUJ33</lei>
        <title>APA Infrastructure Ltd.</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
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        <name>AEP Transmission Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cie de Saint-Gobain SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Manufacturers &amp; Traders Trust Co.</name>
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        <name>Iowa Student Loan Liquidity Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Atmos Energy Corp.</name>
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        <name>Regions Financial Corp.</name>
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        <title>Regions Financial Corp.</title>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <cusip>3137H4SM3</cusip>
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        <name>Becton Dickinson &amp; Co.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>N/A</name>
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        <name>Pioneer Natural Resources Co.</name>
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        <name>DB Insurance Co. Ltd.</name>
        <lei>9884000ZF26VNJBWSJ91</lei>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="909713"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LKQ Corp.</name>
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          <isin value="US5018892084"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Colorado Housing and Finance Authority</name>
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          <isin value="US196480D611"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-01</maturityDt>
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      <invstOrSec>
        <name>Amprion GmbH</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Severn Trent Utilities Finance plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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        <name>FNMA</name>
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          <isin value="US31418FCG00"/>
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        <name>Vier Gas Transport GmbH</name>
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        <name>FNMA</name>
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        <name>UBS Group AG</name>
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        <name>Glencore Finance Canada Ltd.</name>
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        <name>Regal Rexnord Corp.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Essential Properties Realty Trust, Inc.</name>
        <lei>2549009LXQLVYCGLZO50</lei>
        <title>Essential Properties Realty Trust, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELM Trust</name>
        <lei>N/A</lei>
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          <isin value="US26860XAU54"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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          <isin value="US36179W7H58"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Chile</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Bonos de la Tesoreria de la Republica en pesos</title>
        <cusip>N/A</cusip>
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          <isin value="CL0002454248"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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      <invstOrSec>
        <name>Oriental Republic of Uruguay</name>
        <lei>549300RDR012H2V82H43</lei>
        <title>Oriental Republic of Uruguay</title>
        <cusip>917288BM3</cusip>
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          <isin value="US917288BM35"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eni SpA</name>
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          <isin value="IT0003132476"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA</title>
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          <isin value="FR0014012L94"/>
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        <balance>200000.00000000</balance>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>DSM BV</name>
        <lei>724500SNT1MK246AHP04</lei>
        <title>DSM BV</title>
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          <isin value="XS3009012637"/>
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        <balance>220000.00000000</balance>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-25</maturityDt>
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      <invstOrSec>
        <name>LPL Holdings, Inc.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
        <title>LPL Holdings, Inc.</title>
        <cusip>50212YAD6</cusip>
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        <balance>875000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>254900O3R79X1AD55F36</lei>
        <title>Angel Oak Mortgage Trust, Series 2024-9, Class A1</title>
        <cusip>03466JAA7</cusip>
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          <isin value="US03466JAA79"/>
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        <balance>963473.60000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>254900WA697298AD1C53</lei>
        <title>Angel Oak Mortgage Trust, Series 2024-13, Class A1</title>
        <cusip>03466PAA3</cusip>
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          <isin value="US03466PAA30"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2069-12-26</maturityDt>
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      <invstOrSec>
        <name>Aramark</name>
        <lei>549300MR6PG2DWZUIL39</lei>
        <title>Aramark</title>
        <cusip>03852U106</cusip>
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          <isin value="US03852U1060"/>
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        <balance>112084.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Johnson Controls International plc</name>
        <lei>549300XQ6S1GYKGBL205</lei>
        <title>Johnson Controls International plc</title>
        <cusip>N/A</cusip>
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        <balance>22172.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Publicis Groupe SA</name>
        <lei>2138004KW8BV57III342</lei>
        <title>Publicis Groupe SA</title>
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        <balance>29560.00000000</balance>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>AREIT Trust</name>
        <lei>N/A</lei>
        <title>AREIT Trust, Series 2022-CRE6, Class C</title>
        <cusip>04002VAG6</cusip>
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          <isin value="US04002VAG68"/>
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        <balance>312000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179XFG6</cusip>
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        <balance>412684.77000000</balance>
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      <invstOrSec>
        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Louis Vuitton SE</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000121014"/>
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        <balance>1690.00000000</balance>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>902613AD0</cusip>
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          <isin value="US902613AD01"/>
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        <balance>437000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>399115.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-10</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Canada</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hartford Insurance Group, Inc. (The)</name>
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          <isin value="US4165151048"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>Kingdom of Thailand</title>
        <cusip>N/A</cusip>
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          <isin value="TH0623A3N603"/>
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        <balance>38700000.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="31.46500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140NRTV8</cusip>
        <identifiers>
          <isin value="US3140NRTV82"/>
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        <balance>290561.13000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298967.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
        <cusip>251526DB2</cusip>
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          <isin value="US251526DB24"/>
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        <balance>507000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>512926.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>Heineken NV</name>
        <lei>724500K5PTPSST86UQ23</lei>
        <title>Heineken NV</title>
        <cusip>N/A</cusip>
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          <isin value="XS3195042224"/>
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        <balance>720000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enel Finance International NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>Enel Finance International NV</title>
        <cusip>29278GAP3</cusip>
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          <isin value="US29278GAP37"/>
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        <balance>318000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286270.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.49999840</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glencore plc</name>
        <lei>2138002658CPO9NBH955</lei>
        <title>Glencore plc</title>
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          <isin value="JE00B4T3BW64"/>
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        <balance>909289.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73080717"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XGQ69</cusip>
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          <isin value="US3140XGQ696"/>
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        <balance>219068.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196130.79000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, Series 2024 A</title>
        <cusip>63610HAA0</cusip>
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          <isin value="US63610HAA05"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>574690.13000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.89000000</annualizedRt>
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      <invstOrSec>
        <name>Westinghouse Air Brake Technologies Corp.</name>
        <lei>06BTX5UWZD0GQ5N5Y745</lei>
        <title>Westinghouse Air Brake Technologies Corp.</title>
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          <isin value="US9297401088"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Koninklijke KPN NV</name>
        <lei>549300YO0JZHAL7FVP81</lei>
        <title>Koninklijke KPN NV</title>
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          <isin value="NL0000009082"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot, Inc. (The)</title>
        <cusip>437076102</cusip>
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        <curCd>USD</curCd>
        <valUSD>2464802.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Republic of Italy</name>
        <lei>815600DE60799F5A9309</lei>
        <title>Buoni Poliennali del Tesoro</title>
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          <isin value="IT0005631608"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.10000000</annualizedRt>
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      <invstOrSec>
        <name>General Mills, Inc.</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills, Inc.</title>
        <cusip>370334104</cusip>
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          <isin value="US3703341046"/>
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        <balance>59160.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pembina Pipeline Corp.</name>
        <lei>5493002W3L9YICM6FU21</lei>
        <title>Pembina Pipeline Corp.</title>
        <cusip>70632ZAD3</cusip>
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          <isin value="CA70632ZAD39"/>
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        <balance>887000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.81000000</annualizedRt>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="906673"/>
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        <curCd>N/A</curCd>
        <valUSD>-31418.18000000</valUSD>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NBN Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BBCMS Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-15</maturityDt>
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      <invstOrSec>
        <name>Visa, Inc.</name>
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        <title>Visa, Inc.</title>
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          <isin value="XS3063725058"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-15</maturityDt>
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      <invstOrSec>
        <name>OBX Trust</name>
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        <cusip>67118KAA1</cusip>
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          <isin value="US67118KAA16"/>
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        <balance>161710.10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163507.43000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-12-25</maturityDt>
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          <annualizedRt>6.12900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bankinter SA</name>
        <lei>VWMYAEQSTOPNV0SUGU82</lei>
        <title>Bankinter SA</title>
        <cusip>N/A</cusip>
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          <isin value="ES0213679OU3"/>
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        <balance>400000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <pctVal>0.037067178201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>Schneider Electric SE</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000121972"/>
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        <balance>23627.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc.</title>
        <cusip>056752108</cusip>
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          <isin value="US0567521085"/>
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        <balance>11300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>3620AXZK7</cusip>
        <identifiers>
          <isin value="US3620AXZK75"/>
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        <balance>81699.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84152.78000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Japan</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="JP1300881RA0"/>
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        <balance>382050000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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        <name>Popular, Inc.</name>
        <lei>5493008CARDZMVQ3LO89</lei>
        <title>Popular, Inc.</title>
        <cusip>733174700</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>Nationwide Building Society</title>
        <cusip>63861VAP2</cusip>
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          <isin value="US63861VAP22"/>
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        <balance>567000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>566036.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-30</maturityDt>
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          <annualizedRt>4.35100000</annualizedRt>
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        <name>Vier Gas Transport GmbH</name>
        <lei>529900AGED6PJE9AVL37</lei>
        <title>Vier Gas Transport GmbH</title>
        <cusip>N/A</cusip>
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          <isin value="XS2929985385"/>
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        <balance>500000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GMW6</cusip>
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        <balance>436000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>451032.44000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.46400000</annualizedRt>
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      <invstOrSec>
        <name>CBQ Finance Ltd.</name>
        <lei>213800FNEMX56U9OHK56</lei>
        <title>CBQ Finance Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3138731297"/>
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        <balance>717000.00000000</balance>
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        <valUSD>717593.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>P3 Group Sarl</name>
        <lei>529900GR62MT0O5VW110</lei>
        <title>P3 Group Sarl</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3195025054"/>
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        <balance>440000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
        <cusip>00287YDV8</cusip>
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          <isin value="US00287YDV83"/>
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        <balance>342000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>338259.61000000</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>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</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>Corebridge Financial, Inc.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>Corebridge Financial, Inc.</title>
        <cusip>21871XAK5</cusip>
        <identifiers>
          <isin value="US21871XAK54"/>
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        <balance>364000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>311309.81000000</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>2042-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PNC Financial Services Group, Inc. (The)</name>
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        <name>Telefonaktiebolaget LM Ericsson</name>
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        <name>Regal Rexnord Corp.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>WMG Acquisition Corp.</name>
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        <name>African Export-Import Bank (The)</name>
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        <name>Comision Federal de Electricidad</name>
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        <name>Altria Group, Inc.</name>
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        <name>CaixaBank SA</name>
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        <name>3650R Commercial Mortgage Trust</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>FHLMC</name>
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        <name>FHLMC</name>
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        <name>Hammerson plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EP Infrastructure A/S</name>
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        <name>Deutsche Bank AG</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>N/A</name>
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        <name>Intel Corp.</name>
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        <name>EnBW International Finance BV</name>
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        <name>Wolters Kluwer NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>Wolters Kluwer NV</title>
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        <invCountry>NL</invCountry>
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        <name>General Dynamics Corp.</name>
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        <name>EP Infrastructure A/S</name>
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        <name>Tesco plc</name>
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        <name>People's Republic of China</name>
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        <name>BANK</name>
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        <name>Japan</name>
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        <name>Kyocera Corp.</name>
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        <title>Kyocera Corp.</title>
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        <name>Sempra</name>
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      <invstOrSec>
        <name>QatarEnergy</name>
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      <invstOrSec>
        <name>JPMORGAN US GOVERNMENT MONEY MKT FD</name>
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        <name>Enterprise Fleet Financing LLC</name>
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        <name>N/A</name>
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        <name>Commonwealth Bank of Australia</name>
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      <invstOrSec>
        <name>Brunswick Corp.</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
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        <name>N/A</name>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <name>Airbnb, Inc.</name>
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        <name>Cousins Properties, Inc.</name>
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        <name>Fairfax Financial Holdings Ltd.</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>Cenovus Energy, Inc.</name>
        <lei>549300F4XPHJ7NOSP309</lei>
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      <invstOrSec>
        <name>ELM Trust</name>
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      <invstOrSec>
        <name>Tesco Corporate Treasury Services plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TCW CLO Ltd.</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31418ECQ17"/>
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        <name>FHLMC Pool</name>
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          <isin value="US3132DWDJ99"/>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>MF1 Ltd.</name>
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          <isin value="US55284JAA79"/>
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        <name>Mars, Inc.</name>
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        <name>Legrand SA</name>
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        <name>Sodexo SA</name>
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        <name>Fastighets AB Balder</name>
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        <name>Federal Republic of Germany</name>
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        <name>FNMA</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>AIB Group plc</name>
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        <name>Fresenius Medical Care AG</name>
        <lei>549300CP8NY40UP89Q40</lei>
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        <name>N/A</name>
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        <name>Elia Transmission Belgium SA</name>
        <lei>549300A3EZXECDLW2V25</lei>
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        <invCountry>BE</invCountry>
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        <name>MF1 Ltd.</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="906851"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
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          <isin value="US95003DBP24"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bruce Power LP</name>
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          <isin value="CA116705AQ79"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Czech Republic</name>
        <lei>3157007EFDLQABN47912</lei>
        <title>Czech Republic</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Iceland</name>
        <lei>549300K5GD3JPA2LLG98</lei>
        <title>Iceland Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="IS0000020386"/>
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        <balance>138000000.00000000</balance>
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        <invCountry>IS</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Heathrow Funding Ltd.</name>
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        <title>Heathrow Funding Ltd.</title>
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          <isin value="XS3286658912"/>
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        <balance>330000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-05</maturityDt>
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        <name>NY Society for Relief of Ruptured &amp; Crippled Maintaining Hospital Special Surgery</name>
        <lei>549300U0XV0GGBTV6I72</lei>
        <title>NY Society for Relief of Ruptured &amp; Crippled Maintaining Hospital Special Surgery, Series 2020</title>
        <cusip>44107HAF9</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>People's Republic of China</name>
        <lei>300300CHN201808MOF68</lei>
        <title>People's Republic of China</title>
        <cusip>N/A</cusip>
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        <currencyConditional curCd="CNY" exchangeRt="6.94850000"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.92000000</annualizedRt>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DWFU2</cusip>
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          <isin value="US3132DWFU27"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Roche Holdings, Inc.</name>
        <lei>PVJRP0EQNV6OGDPZGY95</lei>
        <title>Roche Holdings, Inc.</title>
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          <isin value="US771196CH33"/>
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        <balance>281000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.59300000</annualizedRt>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05602XQR2</cusip>
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        <balance>411000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>414720.26000000</valUSD>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <balance>311000.00000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Dollar</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140X54P5</cusip>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2022-60, Class FA</title>
        <cusip>3136BNW44</cusip>
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        <balance>1231230.57000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Swisscom Finance BV</name>
        <lei>549300L41E8X8K71RV25</lei>
        <title>Swisscom Finance BV</title>
        <cusip>N/A</cusip>
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          <isin value="XS3231165716"/>
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        <balance>810000.00000000</balance>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="TYH6COM"/>
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        <name>IG Group Holdings plc</name>
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        <name>FNMA</name>
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          <isin value="US31418D7E66"/>
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      <invstOrSec>
        <name>Home Depot, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Tsusho Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Imperial Brands Finance plc</name>
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        <title>Imperial Brands Finance plc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Medtronic plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Raizen Fuels Finance SA</name>
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        <title>Raizen Fuels Finance SA</title>
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        <balance>606000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="USH6COM"/>
          <other otherDesc="Future Ticker" value="USH6 Comdty"/>
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        <curCd>USD</curCd>
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            <payOffProf>Long</payOffProf>
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                <issuerName>United States of America</issuerName>
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        <name>FUJIFILM Holdings Corp.</name>
        <lei>529900UBKMFM0ST6H474</lei>
        <title>FUJIFILM Holdings Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <invCountry>CH</invCountry>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
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        <name>N/A</name>
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        <name>FNMA</name>
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        <name>United Kingdom of Great Britain and Northern Ireland</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lenovo Group Ltd.</name>
        <lei>254900VUZRGD5U73RE46</lei>
        <title>Lenovo Group Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
        <cusip>78017TAB9</cusip>
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          <isin value="US78017TAB98"/>
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        <balance>199000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199415.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic of Italy</name>
        <lei>815600DE60799F5A9309</lei>
        <title>Buoni Poliennali del Tesoro</title>
        <cusip>N/A</cusip>
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          <isin value="IT0005402117"/>
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        <balance>5527000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <pctVal>0.429382737331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Korea</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>Republic of Korea</title>
        <cusip>N/A</cusip>
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          <isin value="KR103503GF95"/>
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        <balance>10800000000.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aon plc</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>Aon plc, Class A</title>
        <cusip>N/A</cusip>
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          <isin value="IE00BLP1HW54"/>
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        <balance>27428.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9589925.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>718172109</cusip>
        <identifiers>
          <isin value="US7181721090"/>
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        <balance>50317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9028882.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Willis Towers Watson plc</name>
        <lei>549300WHC56FF48KL350</lei>
        <title>Willis Towers Watson plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BDB6Q211"/>
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        <balance>20300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6444641.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>Corebridge Global Funding</title>
        <cusip>00138CBH0</cusip>
        <identifiers>
          <isin value="US00138CBH07"/>
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        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>479127.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DBS Group Holdings Ltd.</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1L01001701"/>
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        <balance>57190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
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        <pctVal>0.209625516089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Assa Abloy AB</name>
        <lei>549300YECS8HKCIMMB67</lei>
        <title>Assa Abloy AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3174757644"/>
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        <balance>320000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <pctVal>0.030025736321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37100000</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>Reckitt Benckiser Group plc</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>Reckitt Benckiser Group plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B24CGK77"/>
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        <balance>34972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080717"/>
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        <pctVal>0.229615475376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ambev SA</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>Ambev SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRABEVACNOR1"/>
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        <balance>1931500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
        <valUSD>5450149.64000000</valUSD>
        <pctVal>0.429271465346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179XLD6</cusip>
        <identifiers>
          <isin value="US36179XLD65"/>
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        <balance>430473.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>389520.28000000</valUSD>
        <pctVal>0.030679880814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc.</title>
        <cusip>606822DQ4</cusip>
        <identifiers>
          <isin value="US606822DQ49"/>
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        <balance>557000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563523.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.18800000</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>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3P6</cusip>
        <identifiers>
          <isin value="US95000U3P60"/>
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        <balance>382000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394667.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.24400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NetEase, Inc.</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG6427A1022"/>
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        <balance>90900.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp., Class A</title>
        <cusip>20030N101</cusip>
        <identifiers>
          <isin value="US20030N1019"/>
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        <balance>231394.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6883971.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3133KMY58</cusip>
        <identifiers>
          <isin value="US3133KMY583"/>
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        <balance>18187.86000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15556.11000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="907470"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>Plains All American Pipeline LP</name>
        <lei>N/A</lei>
        <title>Plains All American Pipeline LP</title>
        <cusip>72650RBP6</cusip>
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          <isin value="US72650RBP64"/>
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        <balance>412000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424868.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STC Sukuk Co. II Ltd.</name>
        <lei>254900OIKUHJZUXKMR88</lei>
        <title>STC Sukuk Co. II Ltd.</title>
        <cusip>784772AB1</cusip>
        <identifiers>
          <isin value="US784772AB10"/>
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        <balance>451000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>452030.99000000</valUSD>
        <pctVal>0.035603427112</pctVal>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Xcel Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Republic of Peru</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Midea Group Co. Ltd.</name>
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        <name>Woodside Energy Group Ltd.</name>
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        <name>Ferguson Enterprises, Inc.</name>
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        <name>EQT Trust</name>
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        <name>Eagle Funding Luxco Sarl</name>
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        <name>APA Infrastructure Ltd.</name>
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        <name>TRTX Issuer Ltd.</name>
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        <name>French Republic</name>
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        <name>FHLMC</name>
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        <name>Shimamura Co. Ltd.</name>
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        <title>Shimamura Co. Ltd.</title>
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        <name>Occidental Petroleum Corp.</name>
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        <name>UniCredit SpA</name>
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      <invstOrSec>
        <name>News Corp.</name>
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        <name>Danske Bank A/S</name>
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        <name>Magnum Icc Finance BV</name>
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        <name>Low Income Investment Fund</name>
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        <name>BP Capital Markets BV</name>
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          <isin value="XS2270147924"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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        <name>Diageo plc</name>
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        <name>N/A</name>
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        <title>Long Gilt</title>
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        <name>FHLMC</name>
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        <name>Heathrow Funding Ltd.</name>
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        <name>NEC Corp.</name>
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        <title>NEC Corp.</title>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Hellenic Republic</name>
        <lei>2138003EKTMKZ5598902</lei>
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        <name>Kingdom of Spain</name>
        <lei>9598007A56S18711AH60</lei>
        <title>Bonos and Obligaciones del Estado</title>
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        <name>Bruce Power LP</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
        <lei>549300CRGMZK3K53BF92</lei>
        <title>Anheuser-Busch InBev Worldwide, Inc.</title>
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        <name>PPL Electric Utilities Corp.</name>
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        <name>Bain Capital Credit CLO Ltd.</name>
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        <name>New Taiwan Dollar</name>
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        <name>Bacardi Ltd.</name>
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        <name>Nationwide Building Society</name>
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        <name>FNMA</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>Japan</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>Province of Ontario Canada</name>
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        <name>Ontario Teachers' Cadillac Fairview Properties Trust</name>
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        <name>FNMA</name>
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        <name>Japan</name>
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        <name>Becton Dickinson &amp; Co.</name>
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        <name>Deutsche Telekom AG</name>
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        <name>Humana, Inc.</name>
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        <name>Seven &amp; i Holdings Co. Ltd.</name>
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        <name>Banca Mediolanum SpA</name>
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        <name>Cognizant Technology Solutions Corp.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>Lseg Netherlands BV</name>
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        <name>Chile Electricity Lux Mpc II Sarl</name>
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        <name>United States of America</name>
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        <name>N/A</name>
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        <name>Haleon plc</name>
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        <name>APA Infrastructure Ltd.</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Oracle Corp.</name>
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        <name>Boston Gas Co.</name>
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        <name>Memorial Sloan-Kettering Cancer Center</name>
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        <name>FNMA</name>
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        <name>Macquarie Airfinance Holdings Ltd.</name>
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        <name>FNMA</name>
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      <invstOrSec>
        <name>Chevron Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cigna Group (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="908800"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Severn Trent Utilities Finance plc</name>
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        <name>FNMA</name>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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          <isin value="US6174468P76"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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        <name>Seagate Technology Holdings plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-15</maturityDt>
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        <name>Nestle Finance International Ltd.</name>
        <lei>0KLLMNHINTFDRMU6DI05</lei>
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          <isin value="XS2976332283"/>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA</name>
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        <name>Energy Transfer LP</name>
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        <name>United Kingdom of Great Britain and Northern Ireland</name>
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        <name>United Mexican States</name>
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        <name>GNMA</name>
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        <name>Aviva plc</name>
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        <name>Australian Dollar</name>
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        <name>FORT CRE Issuer LLC</name>
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        <name>ConocoPhillips</name>
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        <name>Sberbank of Russia PJSC</name>
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        <name>Enel Finance International NV</name>
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        <name>Republic of Italy</name>
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        <name>Hellenic Republic</name>
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        <name>E.ON SE</name>
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        <name>Ceske Drahy A/S</name>
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        <name>Jersey Central Power &amp; Light Co.</name>
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        <name>COPT Defense Properties LP</name>
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        <name>N/A</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>FNMA</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>National Grid North America, Inc.</name>
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        <name>ACREC Ltd.</name>
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        <name>Manulife Financial Corp.</name>
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        <name>Xcel Energy, Inc.</name>
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        <name>Lear Corp.</name>
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        <name>Shurgard Luxembourg Sarl</name>
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        <name>Kenvue, Inc.</name>
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        <name>Republic of Italy</name>
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        <name>N/A</name>
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        <name>FHLMC Pool</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Agilent Technologies, Inc.</name>
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        <name>NTT Finance Corp.</name>
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        <name>Magyar Export-Import Bank Zrt.</name>
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        <name>Duke Energy Florida LLC</name>
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        <name>China Construction Bank Corp.</name>
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        <name>Hellenic Republic</name>
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        <name>Development Bank of Kazakhstan JSC</name>
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        <name>Logicor Financing Sarl</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>Michigan Finance Authority</name>
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        <name>FHLMC Pool</name>
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        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <name>Microsoft Corp.</name>
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        <name>Sands China Ltd.</name>
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        <name>FNMA</name>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <name>TotalEnergies SE</name>
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        <name>FNMA</name>
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        <name>WMG Acquisition Corp.</name>
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        <name>Huntington Ingalls Industries, Inc.</name>
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        <name>Kuwait International Government Bond</name>
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        <name>Flutter Treasury DAC</name>
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        <name>BAT International Finance plc</name>
        <lei>21380041YBGOQDFAC823</lei>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COLT Mortgage Loan Trust</name>
        <lei>213800U2X2TO1PQH1O75</lei>
        <title>COLT Mortgage Loan Trust, Series 2024-6, Class A1</title>
        <cusip>19688XAA4</cusip>
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          <isin value="US19688XAA46"/>
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        <balance>303173.76000000</balance>
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        <curCd>USD</curCd>
        <valUSD>305529.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Masco Corp.</name>
        <lei>5GCSNMQXHEYA1JO8QN11</lei>
        <title>Masco Corp.</title>
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          <isin value="US5745991068"/>
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        <balance>84466.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Northern Trust Corp.</name>
        <lei>549300GLF98S992BC502</lei>
        <title>Northern Trust Corp.</title>
        <cusip>665859104</cusip>
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          <isin value="US6658591044"/>
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        <balance>96255.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14383384.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
        <cusip>00287Y109</cusip>
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          <isin value="US00287Y1091"/>
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        <balance>23140.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5160451.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Omnicom Group, Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group, Inc.</title>
        <cusip>681919106</cusip>
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          <isin value="US6819191064"/>
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        <balance>100152.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7715710.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>El Corte Ingles SA</name>
        <lei>95980020140005374753</lei>
        <title>El Corte Ingles SA</title>
        <cusip>N/A</cusip>
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          <isin value="XS3124962088"/>
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        <balance>100000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd.</title>
        <cusip>05401AAG6</cusip>
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          <isin value="US05401AAG67"/>
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        <balance>537000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>537203.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XEAU8</cusip>
        <identifiers>
          <isin value="US3140XEAU87"/>
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        <balance>141502.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126992.64000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2021-B27, Class XA</title>
        <cusip>08163HAG3</cusip>
        <identifiers>
          <isin value="US08163HAG39"/>
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        <balance>13529161.09210000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.23213960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Iceland</name>
        <lei>549300K5GD3JPA2LLG98</lei>
        <title>Iceland Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IS0000028249"/>
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        <balance>152600000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="909339"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank and Trust</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XDYN0</cusip>
        <identifiers>
          <isin value="US3140XDYN06"/>
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        <balance>123028.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106636.45000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>Massachusetts Housing Finance Agency</title>
        <cusip>57587GTN5</cusip>
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          <isin value="US57587GTN50"/>
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        <balance>915000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.56200000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OBX Trust</name>
        <lei>254900UI1468MQ7I8472</lei>
        <title>OBX Trust, Series 2024-NQM1, Class A1</title>
        <cusip>67448LAA0</cusip>
        <identifiers>
          <isin value="US67448LAA08"/>
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        <balance>449179.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>452565.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.92800120</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
        <cusip>907818108</cusip>
        <identifiers>
          <isin value="US9078181081"/>
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        <balance>19078.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Canada</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>Canada Government Bond</title>
        <cusip>135087N59</cusip>
        <identifiers>
          <isin value="CA135087N597"/>
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        <balance>2942000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>2021880.94000000</valUSD>
        <pctVal>0.159249901598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLP Holdings Ltd.</name>
        <lei>25490002BUTSMP94GO68</lei>
        <title>CLP Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0002007356"/>
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        <balance>192000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>1817488.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2020-C7, Class XA</title>
        <cusip>05492VAG0</cusip>
        <identifiers>
          <isin value="US05492VAG05"/>
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        <balance>1374735.36130000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58381.57000000</valUSD>
        <pctVal>0.004598321836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.59203520</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
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          <other otherDesc="Inhouse Asset ID" value="907008"/>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Barclays Bank</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>NXP Semiconductors NV</name>
        <lei>724500M9BY5293JDF951</lei>
        <title>NXP Semiconductors NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0009538784"/>
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        <balance>25645.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Daikin Industries Ltd.</name>
        <lei>549300Y7FWSTSHMW5Y57</lei>
        <title>Daikin Industries Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3481800005"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Anhui Conch Cement Co. Ltd.</name>
        <lei>300300JVKW56SSAEQZ33</lei>
        <title>Anhui Conch Cement Co. Ltd., Class H</title>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179XBT2</cusip>
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          <isin value="US36179XBT28"/>
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        <balance>195874.71000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="906401"/>
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        <balance>1.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>HSBC Bank</counterpartyName>
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      <invstOrSec>
        <name>Finning International, Inc.</name>
        <lei>549300QLDCP11KB6XW55</lei>
        <title>Finning International, Inc.</title>
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          <isin value="CA3180714048"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2021-B28, Class XA</title>
        <cusip>08163GAZ3</cusip>
        <identifiers>
          <isin value="US08163GAZ37"/>
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        <balance>12788934.15220000</balance>
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        <curCd>USD</curCd>
        <valUSD>609793.01000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Volkswagen Bank GmbH</name>
        <lei>529900GJD3OQLRZCKW37</lei>
        <title>Volkswagen Bank GmbH</title>
        <cusip>N/A</cusip>
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          <isin value="XS3249928394"/>
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        <balance>300000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="906416"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>Yangzijiang Shipbuilding Holdings Ltd.</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>Yangzijiang Shipbuilding Holdings Ltd.</title>
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          <isin value="SG1U76934819"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PMT Loan Trust</name>
        <lei>N/A</lei>
        <title>PMT Loan Trust, Series 2025-INV10, Class A36</title>
        <cusip>69383EBK6</cusip>
        <identifiers>
          <isin value="US69383EBK64"/>
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        <balance>663237.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>665939.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Heineken NV</name>
        <lei>724500K5PTPSST86UQ23</lei>
        <title>Heineken NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000009165"/>
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        <balance>53717.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179XLG9</cusip>
        <identifiers>
          <isin value="US36179XLG96"/>
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        <balance>888038.40000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>873624.38000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2021-C9, Class XA</title>
        <cusip>05493EAZ5</cusip>
        <identifiers>
          <isin value="US05493EAZ51"/>
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        <balance>5097506.95820000</balance>
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        <curCd>USD</curCd>
        <valUSD>309471.18000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.54436400</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Canada</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>Canada Government Bond</title>
        <cusip>135087P99</cusip>
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          <isin value="CA135087P998"/>
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        <balance>2040000.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140MGKG5</cusip>
        <identifiers>
          <isin value="US3140MGKG50"/>
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        <balance>795249.37000000</balance>
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        <curCd>USD</curCd>
        <valUSD>678911.92000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Duke Energy Corp.</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp.</title>
        <cusip>26441C204</cusip>
        <identifiers>
          <isin value="US26441C2044"/>
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        <balance>22036.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2674068.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ACT2</cusip>
        <identifiers>
          <isin value="US44891ACT25"/>
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        <balance>234000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>236832.51000000</valUSD>
        <pctVal>0.018653696746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Baxter International, Inc.</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
        <title>Baxter International, Inc.</title>
        <cusip>071813DE6</cusip>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181529.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>395208.14000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-08</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <cusip>3137HHJ44</cusip>
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          <isin value="US3137HHJ441"/>
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        <balance>2485542.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>168015.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.90536400</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Doosan Bobcat, Inc.</name>
        <lei>9884007K6X0Q0112FX44</lei>
        <title>Doosan Bobcat, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7241560002"/>
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        <balance>34748.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>Kingdom of Saudi Arabia</title>
        <cusip>80413TBJ7</cusip>
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          <isin value="US80413TBJ79"/>
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        <balance>519000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>528475.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>People's Republic of China</name>
        <lei>300300CHN201808MOF68</lei>
        <title>People's Republic of China</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND10002HV84"/>
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        <balance>79280000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.13000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3133KNGQ0</cusip>
        <identifiers>
          <isin value="US3133KNGQ07"/>
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        <balance>82447.47000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67136.82000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XBJ3</cusip>
        <identifiers>
          <isin value="US68389XBJ37"/>
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        <balance>199000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137303.46000000</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>2046-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
        <cusip>907818FK9</cusip>
        <identifiers>
          <isin value="US907818FK90"/>
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        <balance>995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>687621.63000000</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>2050-02-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Canada</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>Canada Government Bond</title>
        <cusip>135087S21</cusip>
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          <isin value="CA135087S216"/>
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        <balance>3859000.00000000</balance>
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        <pctVal>0.221657347482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</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>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG (Registered)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
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        <balance>39091.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.77305000"/>
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        <pctVal>0.456513047017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sompo Holdings, Inc.</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>Sompo Holdings, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3165000005"/>
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        <balance>66400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OPAP SA</name>
        <lei>213800M4NRGFJCI34834</lei>
        <title>OPAP SA</title>
        <cusip>N/A</cusip>
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          <isin value="GRS419003009"/>
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        <balance>11483.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>People's Republic of China</name>
        <lei>300300CHN201808MOF68</lei>
        <title>People's Republic of China</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND10008S8G8"/>
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        <balance>43400000.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.94850000"/>
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        <pctVal>0.490258600431</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.43000000</annualizedRt>
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        <name>CEZ A/S</name>
        <lei>529900S5R9YHJHYKKG94</lei>
        <title>CEZ A/S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3040382098"/>
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        <balance>496000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-30</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Highwoods Properties, Inc.</name>
        <lei>ZIIGTYKL9T0X3HLTDX53</lei>
        <title>Highwoods Properties, Inc.</title>
        <cusip>431284108</cusip>
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          <isin value="US4312841087"/>
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        <balance>52257.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd. (Preference)</title>
        <cusip>N/A</cusip>
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          <isin value="KR7005931001"/>
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        <balance>28830.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Experian Finance plc</name>
        <lei>635400RKRK5EGXSPC782</lei>
        <title>Experian Finance plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2982065018"/>
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        <balance>500000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <pctVal>0.046759248192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.51000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="907493"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>11562.32000000</valUSD>
        <pctVal>0.000910685830</pctVal>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>Chow Tai Fook Jewellery Group Ltd.</name>
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        <name>WEA Finance LLC</name>
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        <name>Anheuser-Busch InBev SA/NV</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>FHLMC</name>
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        <name>Cheniere Energy Partners LP</name>
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        <name>FNMA</name>
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        <name>Electronic Arts, Inc.</name>
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        <name>Linde plc</name>
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        <name>Grupo Financiero Banorte SAB de CV</name>
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        <name>Saudi Arabian Oil Co.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Shin-Etsu Chemical Co. Ltd.</name>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>AREIT Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Pool</name>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>United Mexican States</name>
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        <curCd>USD</curCd>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Aena SME SA</name>
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          <isin value="ES0205046016"/>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-22</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <fairValLevel>1</fairValLevel>
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        <name>British Pound</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Comcast Corp.</name>
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        <title>Comcast Corp.</title>
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        <invCountry>US</invCountry>
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        <name>M&amp;T Bank Corp.</name>
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          <isin value="US55261F1049"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>JH North America Holdings, Inc.</name>
        <lei>254900A6FXA0D81TL967</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <curCd>USD</curCd>
        <valUSD>495040.75000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.13000000</annualizedRt>
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        <name>European Union</name>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Hellenic Telecommunications Organization SA</name>
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        <name>Boeing Co. (The)</name>
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        <name>Klepierre SA</name>
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          <isin value="FR0014012ZD0"/>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="UXYH6CM"/>
          <other otherDesc="Future Ticker" value="UXYH6 Comdty"/>
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        <name>FHLMC Pool</name>
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        <name>FNMA</name>
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        <name>AA Bond Co. Ltd.</name>
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        <name>Berkshire Hathaway Energy Co.</name>
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        <name>FNMA</name>
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        <name>Jefferies Financial Group, Inc.</name>
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        <name>FHLMC Pool</name>
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        <name>Fidelity National Information Services, Inc.</name>
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        <name>Mitsubishi Electric Corp.</name>
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        <name>Store Capital LLC</name>
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        <name>Indonesian Rupiah</name>
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        <name>Bacardi Ltd.</name>
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        <name>FHLMC</name>
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        <name>Oriental Republic of Uruguay</name>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="909340"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-5370.26000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>State Street Bank and Trust</counterpartyName>
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            <amtCurSold>1025009.15000000</amtCurSold>
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            <unrealizedAppr>-5370.26000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Tobacco, Inc.</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
        <title>Japan Tobacco, Inc.</title>
        <cusip>471105AD8</cusip>
        <identifiers>
          <isin value="US471105AD85"/>
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        <balance>566000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>584817.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Veralto Corp.</name>
        <lei>635400FJE6GSOJUSNY27</lei>
        <title>Veralto Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2868742409"/>
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        <balance>277000.00000000</balance>
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        <pctVal>0.026902649255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Massachusetts Educational Financing Authority</name>
        <lei>5493007K5OP7V6CL0Y88</lei>
        <title>Massachusetts Educational Financing Authority</title>
        <cusip>57563RRZ4</cusip>
        <identifiers>
          <isin value="US57563RRZ46"/>
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        <balance>545000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>479014.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.64100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CMU2</cusip>
        <identifiers>
          <isin value="US91282CMU26"/>
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        <balance>16658000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16823929.34000000</valUSD>
        <pctVal>1.325107249837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Crh Finance UK plc</name>
        <lei>549300MQJDHXCWSM5880</lei>
        <title>Crh Finance UK plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1328187627"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080717"/>
        <valUSD>338234.99000000</valUSD>
        <pctVal>0.026640485010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arthur J Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J Gallagher &amp; Co.</title>
        <cusip>04316JAF6</cusip>
        <identifiers>
          <isin value="US04316JAF66"/>
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        <balance>158000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>173728.48000000</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>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
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        <balance>73501.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
        <valUSD>8195713.84000000</valUSD>
        <pctVal>0.645521008053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SMBC Aviation Capital Finance DAC</name>
        <lei>549300OD7VKRVNWB2J98</lei>
        <title>SMBC Aviation Capital Finance DAC</title>
        <cusip>78448TAP7</cusip>
        <identifiers>
          <isin value="US78448TAP75"/>
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        <balance>854000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>851096.55000000</valUSD>
        <pctVal>0.067035125143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>APA Group</name>
        <lei>549300T9RBSX164T8H40</lei>
        <title>APA Group</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000APA1"/>
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        <balance>119923.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605945"/>
        <valUSD>739884.26000000</valUSD>
        <pctVal>0.058275684422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Smurfit WestRock plc</name>
        <lei>635400EGSEOPDW2EXS14</lei>
        <title>Smurfit WestRock plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00028FXN24"/>
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        <balance>52572.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2188572.36000000</valUSD>
        <pctVal>0.172379058567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Saudi Arabian Oil Co.</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>Saudi Arabian Oil Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3084345241"/>
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        <balance>462000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473500.40000000</valUSD>
        <pctVal>0.037294427488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vulcan Materials Co.</name>
        <lei>549300Q8LSNHAVWBNI21</lei>
        <title>Vulcan Materials Co.</title>
        <cusip>929160BD0</cusip>
        <identifiers>
          <isin value="US929160BD00"/>
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        <balance>297000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>295601.20000000</valUSD>
        <pctVal>0.023282509410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>Sovereign in right of New Zealand</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>New Zealand Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZGOVDT531C0"/>
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        <balance>1840000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66085367"/>
        <valUSD>973380.39000000</valUSD>
        <pctVal>0.076666597057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</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>Henkel AG &amp; Co. KGaA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>Henkel AG &amp; Co. KGaA (Preference)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006048432"/>
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        <balance>103330.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Sandoz Finance BV</name>
        <lei>213800DFA3WXJ7KC9R74</lei>
        <title>Sandoz Finance BV</title>
        <cusip>N/A</cusip>
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          <isin value="XS3032013511"/>
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        <balance>280000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="906694"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>54813.62000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>State Street Bank and Trust</counterpartyName>
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            <amtCurSold>3194883.61000000</amtCurSold>
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            <amtCurPur>2731947.93000000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2026-04-17</settlementDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Magnum Icc Finance BV</name>
        <lei>213800X8LUUE1AALCC25</lei>
        <title>Magnum Icc Finance BV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3238211943"/>
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        <balance>340000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>397854.31000000</valUSD>
        <pctVal>0.031336296052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
        <cusip>780153BV3</cusip>
        <identifiers>
          <isin value="US780153BV38"/>
        </identifiers>
        <balance>154000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>158744.77000000</valUSD>
        <pctVal>0.012503253036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars, Inc.</title>
        <cusip>571676BC8</cusip>
        <identifiers>
          <isin value="US571676BC81"/>
        </identifiers>
        <balance>536000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>534217.95000000</valUSD>
        <pctVal>0.042076738687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>31418EBS8</cusip>
        <identifiers>
          <isin value="US31418EBS81"/>
        </identifiers>
        <balance>418715.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>357673.04000000</valUSD>
        <pctVal>0.028171488883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Terna - Rete Elettrica Nazionale</name>
        <lei>8156009E94ED54DE7C31</lei>
        <title>Terna - Rete Elettrica Nazionale</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3128477521"/>
        </identifiers>
        <balance>560000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>659059.40000000</valUSD>
        <pctVal>0.051909656261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>Chesapeake Funding II LLC</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
        <title>Chesapeake Funding II LLC, Series 2023-1A, Class A1</title>
        <cusip>165183CU6</cusip>
        <identifiers>
          <isin value="US165183CU69"/>
        </identifiers>
        <balance>148519.64000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149204.91000000</valUSD>
        <pctVal>0.011751862716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</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="All applicable monthly total returns are reported excluding any sales loads or redemption fees for Item B.5." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>MFS Series Trust VI</ncom:nameOfApplicant>
      <ncom:signature>James Byrne</ncom:signature>
      <ncom:signerName>James Byrne</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
