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      <invstOrSec>
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      <invstOrSec>
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        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>MOODY'S CORPORA 4.25% 02/01/29</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; E 6.15% 01/15/33</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>DUKE ENERGY PRO 4.15% 12/01/44</name>
        <lei>N/A</lei>
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        <cusip>26442RAD3</cusip>
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          <isin value="US26442RAD35"/>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN TOWER C 2.1% 06/15/30</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMERICAN TOWER CORP REGD 2.10000000</title>
        <cusip>03027XBC3</cusip>
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          <isin value="US03027XBC39"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MARSH &amp; MCLENNA 2.25% 11/15/30</name>
        <lei>549300XMP3KDCKJXIU47</lei>
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        <cusip>571748BN1</cusip>
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        <curCd>USD</curCd>
        <valUSD>472659.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JPMORGAN CHASE  4.95% 06/01/45</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO REGD 4.95000000</title>
        <cusip>46625HLL2</cusip>
        <identifiers>
          <isin value="US46625HLL23"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>572229.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#SD2245 5.5% 12/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD2245 5.50000000</title>
        <cusip>3132DPP69</cusip>
        <identifiers>
          <isin value="US3132DPP698"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88317.78000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>REALTY INCOME  5.125% 02/15/34</name>
        <lei>549300CUWDAUZSH43859</lei>
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        <cusip>756109CG7</cusip>
        <identifiers>
          <isin value="US756109CG72"/>
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        <balance>184000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>185095.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHR 5085 NI 2% 03/25/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 5085 CL NI 2.00000000</title>
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        <identifiers>
          <isin value="US3137FFZS96"/>
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        <balance>946662.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118273.13000000</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FM9464 3% 11/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM9464 3.00000000</title>
        <cusip>3140XDQS8</cusip>
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        <balance>295497.66000000</balance>
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        <valUSD>261716.80000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AT&amp;T INC 3.5% 09/15/53</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 3.50000000</title>
        <cusip>00206RKJ0</cusip>
        <identifiers>
          <isin value="US00206RKJ04"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193141.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#MA4097 3% 08/01/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4097 3.00000000</title>
        <cusip>31418DRT1</cusip>
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          <isin value="US31418DRT18"/>
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          <couponKind>Fixed</couponKind>
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        <name>STATE OF ISRAEL 2.75% 07/03/30</name>
        <lei>N/A</lei>
        <title>STATE OF ISRAEL REGD SER 10Y 2.75000000</title>
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          <isin value="US46513JB346"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CONTINENTAL RE 2.268% 11/15/26</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
        <title>CONTINENTAL RESOURCES REGD 144A P/P 2.26800000</title>
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          <isin value="US212015AU57"/>
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        <issuerCat>CORP</issuerCat>
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        <name>GNMA II P#MA4068 3% 11/20/46</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4068 3.00000000</title>
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        <valUSD>28837.52000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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          <maturityDt>2046-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>CONOCOPHILLIPS  5.65% 01/15/65</name>
        <lei>N/A</lei>
        <title>CONOCOPHILLIPS COMPANY REGD 5.65000000</title>
        <cusip>20826FBN5</cusip>
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          <isin value="US20826FBN50"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>344376.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>ELEVANCE HEALTH  4.1% 05/15/32</name>
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      <invstOrSec>
        <name>UMBS P#AB7795 2.5% 02/01/28</name>
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      <invstOrSec>
        <name>GNMA II P#MA6413 5% 01/20/50</name>
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      <invstOrSec>
        <name>CROWN CASTLE INC 2.1% 04/01/31</name>
        <lei>54930012H97VSM0I2R19</lei>
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        <cusip>22822VAW1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RTX CORP 2.375% 03/15/32</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 2.37500000</title>
        <cusip>75513ECN9</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 12/05/29</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PAX4</cusip>
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        <name>GOLDMAN SACHS G 5.15% 05/22/45</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38148LAF3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORP 3.8% 11/15/37</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <cusip>68389XBP9</cusip>
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        <name>NORTHRIVER MIDS 6.75% 07/15/32</name>
        <lei>549300SOLNLY3BL6GF18</lei>
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        <name>WELLTOWER OP LL 2.75% 01/15/31</name>
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        <name>UMBS P#SD0502 3% 08/01/50</name>
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        <name>RELIANCE INDUS 3.625% 01/12/52</name>
        <lei>5493003UOETFYRONLG31</lei>
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      <invstOrSec>
        <name>ANALOG DEVICES I 2.8% 10/01/41</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>ANALOG DEVICES INC REGD 2.80000000</title>
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      <invstOrSec>
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      <invstOrSec>
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        <name>DICK'S SPORTING  4.1% 01/15/52</name>
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        <lei>549300Z40J86GGSTL398</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNR 2021-188 PA 2% 10/20/51</name>
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        <name>UMBS P#AS9830 4% 06/01/47</name>
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        <name>UMBS P#SD2474 5.5% 01/01/53</name>
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      <invstOrSec>
        <name>UMBS P#MA4501 2% 12/01/41</name>
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        <name>FORD MOTOR COM 5.291% 12/08/46</name>
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        <name>GNMA P#784571 3.5% 06/15/48</name>
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        <name>FHR 5224 HL 4% 04/25/52</name>
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      <invstOrSec>
        <name>UMBS P#FS5155 5% 07/01/53</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS5155 5.00000000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALEXANDRIA REAL  4.5% 07/30/29</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
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        <cusip>015271AG4</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHR 5161 IO 2% 03/25/51</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US3137H4AC41"/>
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        <curCd>USD</curCd>
        <valUSD>106967.37000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA8200 4% 08/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8200 4.00000000</title>
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        <identifiers>
          <isin value="US36179XDD57"/>
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        <balance>1805414.90000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1698957.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EUROPEAN INVES 4.375% 03/19/27</name>
        <lei>5493006YXS1U5GIHE750</lei>
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        <cusip>298785KB1</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>RYDER SYSTEM INC 5.3% 03/15/27</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>RYDER SYSTEM INC REGD MTN 5.30000000</title>
        <cusip>78355HLA5</cusip>
        <identifiers>
          <isin value="US78355HLA58"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101335.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 10/24/51</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GJM2</cusip>
        <identifiers>
          <isin value="US06051GJM24"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32952.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.83100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#QD7333 3% 02/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QD7333 3.00000000</title>
        <cusip>3133B5EE8</cusip>
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          <isin value="US3133B5EE87"/>
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        <balance>85024.43000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74388.92000000</valUSD>
        <pctVal>0.003999214270</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>QUALCOMM INC 3.25% 05/20/50</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>QUALCOMM INC REGD 3.25000000</title>
        <cusip>747525BJ1</cusip>
        <identifiers>
          <isin value="US747525BJ18"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18051.24000000</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>2050-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BERKSHIRE HATHA 3.85% 03/15/52</name>
        <lei>N/A</lei>
        <title>BERKSHIRE HATHAWAY FIN REGD 3.85000000</title>
        <cusip>084664DB4</cusip>
        <identifiers>
          <isin value="US084664DB47"/>
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        <balance>75000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60359.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS 3.25% 06/01/50</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC REGD 3.25000000</title>
        <cusip>70450YAJ2</cusip>
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          <isin value="US70450YAJ29"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17932.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <name>RAD 2023-22A A1 V/R 01/20/37</name>
        <lei>N/A</lei>
        <title>RAD CLO 22 LTD SER 2023-22A CL A1 V/R REGD 144A P/P 6.44740000</title>
        <cusip>74923VAA8</cusip>
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          <isin value="US74923VAA89"/>
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        <balance>1220000.00000000</balance>
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        <valUSD>1233420.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>CELANESE US HO 6.165% 07/15/27</name>
        <lei>N/A</lei>
        <title>CELANESE US HOLDINGS LLC REGD 6.16500000</title>
        <cusip>15089QAM6</cusip>
        <identifiers>
          <isin value="US15089QAM69"/>
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        <curCd>USD</curCd>
        <valUSD>25514.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.16500000</annualizedRt>
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        <name>HOST HOTELS &amp; RE 2.9% 12/15/31</name>
        <lei>N/A</lei>
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        <cusip>44107TBA3</cusip>
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          <isin value="US44107TBA34"/>
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        <valUSD>21666.66000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA3239 4% 01/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA3239 4.00000000</title>
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          <isin value="US31418CS542"/>
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        <valUSD>27271.01000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITIZENS FINANC 2.85% 07/27/26</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>CITIZENS FINANCIAL GROUP REGD 2.85000000</title>
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          <isin value="US174610AR61"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-27</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIDELITY NATL IN 3.1% 03/01/41</name>
        <lei>6WQI0GK1PRFVBA061U48</lei>
        <title>FIDELITY NATL INFO SERV REGD 3.10000000</title>
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          <isin value="US31620MBU99"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18944.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>GNMA II P#4853 4% 11/20/40</name>
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          <isin value="US36202FMA11"/>
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        <fairValLevel>2</fairValLevel>
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        <name>REPUBLIC OF PHI 1.95% 01/06/32</name>
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          <isin value="US718286CN52"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>453235.88000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FS3835 4.5% 11/01/52</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
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        <name>COMM 2018-COR 4.228% 04/10/28</name>
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        <cusip>12595VAD9</cusip>
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          <isin value="US12595VAD91"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>P/O US 10Y NOTE W5 NOV24 110.5</name>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>WESTERN</counterpartyName>
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              <otherRefInst>
                <issuerName>P/O US 10Y NOTE W5 NOV24 110.5</issuerName>
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        <name>ASHTEAD CAPITAL 5.55% 05/30/33</name>
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        <title>ASHTEAD CAPITAL INC REGD 144A P/P 5.55000000</title>
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          <isin value="US045054AQ67"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>T/L GARDA WORLD 0.00% 06/29/29</name>
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        <cusip>C4000KAF1</cusip>
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          <other otherDesc="LOANX" value="LX238697"/>
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        <curCd>USD</curCd>
        <valUSD>75999.39000000</valUSD>
        <pctVal>0.004085794565</pctVal>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.10929000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>PEPSICO INC 2.75% 10/21/51</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 2.75000000</title>
        <cusip>713448FG8</cusip>
        <identifiers>
          <isin value="US713448FG88"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32967.73000000</valUSD>
        <pctVal>0.001772374384</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>UNITEDHEALTH GROUP 5% 04/15/34</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 5.00000000</title>
        <cusip>91324PFB3</cusip>
        <identifiers>
          <isin value="US91324PFB31"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170839.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>AUD/USD FWD 20250116 STAR USD</title>
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          <other otherDesc="INTERNAL" value="1296280113"/>
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        <curCd>N/A</curCd>
        <valUSD>-71365.53000000</valUSD>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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      <invstOrSec>
        <name>GSMS 2021-ROSS A V/R 05/15/23</name>
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          <couponKind>Variable</couponKind>
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        <name>CUBESMART LP 3.125% 09/01/26</name>
        <lei>N/A</lei>
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        <cusip>22966RAD8</cusip>
        <identifiers>
          <isin value="US22966RAD89"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24276.56000000</valUSD>
        <pctVal>0.001305129382</pctVal>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CGCMT 2016-C2 3.176% 08/10/26</name>
        <lei>N/A</lei>
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        <cusip>17291CBU8</cusip>
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          <isin value="US17291CBU80"/>
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        <balance>285000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>271017.02000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGLMC P#G08716 3.5% 08/01/46</name>
        <lei>N/A</lei>
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        <cusip>3128MJYN4</cusip>
        <identifiers>
          <isin value="US3128MJYN41"/>
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        <balance>152822.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142082.83000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FIDELITY NATL I 1.15% 03/01/26</name>
        <lei>6WQI0GK1PRFVBA061U48</lei>
        <title>FIDELITY NATL INFO SERV REGD 1.15000000</title>
        <cusip>31620MBR6</cusip>
        <identifiers>
          <isin value="US31620MBR60"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47836.08000000</valUSD>
        <pctVal>0.002571710058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ALEXANDRIA REAL 3.55% 03/15/52</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ALEXANDRIA REAL ESTATE E REGD 3.55000000</title>
        <cusip>015271AZ2</cusip>
        <identifiers>
          <isin value="US015271AZ25"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36025.88000000</valUSD>
        <pctVal>0.001936783238</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US BANCORP 2.375% 07/22/26</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP REGD MTN SER V 2.37500000</title>
        <cusip>91159HHN3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GE HEALTHCARE  6.377% 11/22/52</name>
        <lei>549300OI9J7XOWZMUN85</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMCAST CORP 3.75% 04/01/40</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WILLIS NORTH AME 4.5% 09/15/28</name>
        <lei>N/A</lei>
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        <identifiers>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KLA CORP 4.1% 03/15/29</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA CORP REGD 4.10000000</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>F/C US ULTRA BOND CBT MAR25</name>
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        <title>FUTURE CONTRACT ON           US ULTRA BOND CBT MAR25 0.00000000</title>
        <cusip>N/A</cusip>
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          <ticker value="WNH5 XCBT"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GILEAD SCIENCES  4.8% 04/01/44</name>
        <lei>549300WTZWR07K8MNV44</lei>
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        <cusip>375558AX1</cusip>
        <identifiers>
          <isin value="US375558AX11"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PIONEER NATURAL 2.15% 01/15/31</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
        <title>PIONEER NATURAL RESOURCE REGD 2.15000000</title>
        <cusip>723787AR8</cusip>
        <identifiers>
          <isin value="US723787AR88"/>
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        <balance>330000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>285479.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KROGER CO 4.45% 02/01/47</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KROGER CO REGD 4.45000000</title>
        <cusip>501044DG3</cusip>
        <identifiers>
          <isin value="US501044DG38"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21563.48000000</valUSD>
        <pctVal>0.001159271796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#BF0141 5.5% 09/01/56</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BF0141 5.50000000</title>
        <cusip>3140FXEP3</cusip>
        <identifiers>
          <isin value="US3140FXEP30"/>
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        <balance>184195.48000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190585.19000000</valUSD>
        <pctVal>0.010246028731</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>ARES CAPITAL C 2.875% 06/15/28</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>ARES CAPITAL CORP REGD 2.87500000</title>
        <cusip>04010LBB8</cusip>
        <identifiers>
          <isin value="US04010LBB80"/>
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        <balance>550000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>506773.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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      <invstOrSec>
        <name>FNR 2012-75 AO ZCP 03/25/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2012-75 CL AO ZCP 0.00000000</title>
        <cusip>3136A6Q56</cusip>
        <identifiers>
          <isin value="US3136A6Q565"/>
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        <balance>6580.27000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5891.55000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>HONEYWELL INTERN 2.8% 06/01/50</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HONEYWELL INTERNATIONAL REGD 2.80000000</title>
        <cusip>438516CA2</cusip>
        <identifiers>
          <isin value="US438516CA21"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33853.12000000</valUSD>
        <pctVal>0.001819973735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHARTER COMM O 6.384% 10/23/35</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD SER WI 6.38400000</title>
        <cusip>161175AZ7</cusip>
        <identifiers>
          <isin value="US161175AZ73"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51450.83000000</valUSD>
        <pctVal>0.002766042221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.38400000</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>EXPAND ENERGY C 4.75% 02/01/32</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>EXPAND ENERGY CORP REGD 4.75000000</title>
        <cusip>845467AT6</cusip>
        <identifiers>
          <isin value="US845467AT68"/>
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        <balance>70000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66665.45000000</valUSD>
        <pctVal>0.003583993677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>MALAYSIA  3.882% 03/14/25/MYR/</name>
        <lei>N/A</lei>
        <title>MALAYSIA GOVERNMENT /MYR/ REGD SER 0118 3.88200000</title>
        <cusip>Y2R35QBT7</cusip>
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          <isin value="MYBMK1800012"/>
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        <balance>6400000.00000000</balance>
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        <valUSD>1442483.07000000</valUSD>
        <pctVal>0.077549168324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLTOWER OP LL 2.75% 01/15/32</name>
        <lei>N/A</lei>
        <title>WELLTOWER OP LLC REGD 2.75000000</title>
        <cusip>95040QAP9</cusip>
        <identifiers>
          <isin value="US95040QAP90"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21750.25000000</valUSD>
        <pctVal>0.001169312717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>T/L ACRISURE LLC 0% 11/06/2030</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="LOANX" value="LX235273"/>
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        <curCd>USD</curCd>
        <valUSD>158257.74000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-06</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>HP ENTERPRISE CO 5% 10/15/34</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>HP ENTERPRISE CO REGD 5.00000000</title>
        <cusip>42824CBV0</cusip>
        <identifiers>
          <isin value="US42824CBV00"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24676.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS RSOFRP03.15 05/15/48 SBNYUS33 FLOAT</title>
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          <other otherDesc="CLIENT ID" value="SLEH17KD"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>410162.93000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIGROUP</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>UNITEDHEALTH GR 4.75% 05/15/52</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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          <isin value="US91324PEK49"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PNC FINANCIAL SER V/R 01/22/35</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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          <isin value="US693475BW41"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51831.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#SC0093 2% 10/01/40</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SC0093 2.00000000</title>
        <cusip>3132D9C69</cusip>
        <identifiers>
          <isin value="US3132D9C693"/>
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        <balance>906570.25000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>775549.91000000</valUSD>
        <pctVal>0.041694250535</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CIGNA GROUP/THE 4.9% 12/15/48</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CIGNA GROUP/THE REGD SER WI 4.90000000</title>
        <cusip>125523AK6</cusip>
        <identifiers>
          <isin value="US125523AK66"/>
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        <balance>105000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95634.87000000</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>2048-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>T/L MODIVCARE  0% 06/20/31</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX236035"/>
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        <balance>817950.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>790957.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD8286 4% 01/01/53</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8286 4.00000000</title>
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        <balance>902191.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>844641.43000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MCDONALD'S CORP 5.15% 09/09/52</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>MCDONALD'S CORP REGD MTN 5.15000000</title>
        <cusip>58013MFT6</cusip>
        <identifiers>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24213.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>WASTE MANAGEMEN 2.95% 06/01/41</name>
        <lei>549300YX8JIID70NFS41</lei>
        <title>WASTE MANAGEMENT INC REGD 2.95000000</title>
        <cusip>94106LBR9</cusip>
        <identifiers>
          <isin value="US94106LBR96"/>
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        <curCd>USD</curCd>
        <valUSD>129415.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA4718 3% 09/20/47</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4718 3.00000000</title>
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          <couponKind>Fixed</couponKind>
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        <name>CHEVRON CORP 1.995% 05/11/27</name>
        <lei>N/A</lei>
        <title>CHEVRON CORP REGD 1.99500000</title>
        <cusip>166764BX7</cusip>
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          <isin value="US166764BX70"/>
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        <balance>70000.00000000</balance>
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        <valUSD>66314.45000000</valUSD>
        <pctVal>0.003565123606</pctVal>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>ALTRIA GROUP INC 6.2% 11/01/28</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC REGD 6.20000000</title>
        <cusip>02209SBQ5</cusip>
        <identifiers>
          <isin value="US02209SBQ57"/>
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        <balance>210000.00000000</balance>
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        <valUSD>220652.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BF0191 4% 06/01/57</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BF0191 4.00000000</title>
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        <curCd>USD</curCd>
        <valUSD>91108.48000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APPLE INC 4.1% 08/08/62</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 4.10000000</title>
        <cusip>037833ER7</cusip>
        <identifiers>
          <isin value="US037833ER75"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42002.45000000</valUSD>
        <pctVal>0.002258088939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-08-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MOTOROLA SOLUTI 2.75% 05/24/31</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>MOTOROLA SOLUTIONS INC REGD 2.75000000</title>
        <cusip>620076BU2</cusip>
        <identifiers>
          <isin value="US620076BU23"/>
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        <balance>37000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32543.58000000</valUSD>
        <pctVal>0.001749571704</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-24</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#CA5371 4% 03/01/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA5371 4.00000000</title>
        <cusip>3140QC6H4</cusip>
        <identifiers>
          <isin value="US3140QC6H46"/>
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        <balance>148477.49000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>140043.00000000</valUSD>
        <pctVal>0.007528835800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AT&amp;T INC 5.35% 09/01/40</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 5.35000000</title>
        <cusip>04650NAB0</cusip>
        <identifiers>
          <isin value="US04650NAB01"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49828.86000000</valUSD>
        <pctVal>0.002678843677</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BX 2021-PAC D V/R 10/15/23</name>
        <lei>N/A</lei>
        <title>BX 2021-LBA3 MORTGAGE TRUST SER 2021-PAC CL D V/R REGD 144A P/P 6.02178000</title>
        <cusip>05609PAL2</cusip>
        <identifiers>
          <isin value="US05609PAL22"/>
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        <balance>1215000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1202439.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.02178000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTERPOINT ENER 3.6% 03/01/52</name>
        <lei>N/A</lei>
        <title>CENTERPOINT ENER HOUSTON REGD SER AH 3.60000000</title>
        <cusip>15189XAY4</cusip>
        <identifiers>
          <isin value="US15189XAY40"/>
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        <balance>118000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90011.09000000</valUSD>
        <pctVal>0.004839075975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHUBB INA HOLD 1.375% 09/15/30</name>
        <lei>N/A</lei>
        <title>CHUBB INA HOLDINGS LLC REGD 1.37500000</title>
        <cusip>171239AG1</cusip>
        <identifiers>
          <isin value="US171239AG12"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21045.72000000</valUSD>
        <pctVal>0.001131436560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBIC 2018-10B 3.548% 09/10/28</name>
        <lei>N/A</lei>
        <title>SBA SMALL BUSINESS INVESTMENT COS SER 2018-10B CL 1 REGD 3.54800000</title>
        <cusip>831641FL4</cusip>
        <identifiers>
          <isin value="US831641FL45"/>
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        <balance>198182.93000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>192433.96000000</valUSD>
        <pctVal>0.010345420244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.54800000</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>TALLGRASS NRG PRTN 6% 12/31/30</name>
        <lei>N/A</lei>
        <title>TALLGRASS NRG PRTNR/FIN REGD 144A P/P 6.00000000</title>
        <cusip>87470LAJ0</cusip>
        <identifiers>
          <isin value="US87470LAJ08"/>
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        <balance>1030000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>975842.50000000</valUSD>
        <pctVal>0.052462157694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>ONCOR ELECTRIC  5.65% 11/15/33</name>
        <lei>N/A</lei>
        <title>ONCOR ELECTRIC DELIVERY REGD 5.65000000</title>
        <cusip>68233JCS1</cusip>
        <identifiers>
          <isin value="US68233JCS15"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52742.99000000</valUSD>
        <pctVal>0.002835509888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</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>AMAZON.COM INC 2.5% 06/03/50</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 2.50000000</title>
        <cusip>023135BT2</cusip>
        <identifiers>
          <isin value="US023135BT22"/>
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        <balance>275000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173871.78000000</valUSD>
        <pctVal>0.009347500996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BX 2024-BIO2 D V/R 08/13/29</name>
        <lei>N/A</lei>
        <title>BX COMMERCIAL MORTGAGE TRUST 2024-BIO2 SER 2024-BIO2 CL D V/R REGD 144A P/P 7.96980000</title>
        <cusip>05613GAG7</cusip>
        <identifiers>
          <isin value="US05613GAG73"/>
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        <balance>340000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>337904.55000000</valUSD>
        <pctVal>0.018166048094</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.96980000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>T/L CITADEL SE 00.00% 10/31/31</name>
        <lei>N/A</lei>
        <title>T/L CITADEL SECURITIES LP 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX250359"/>
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        <balance>187653.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>188662.04000000</valUSD>
        <pctVal>0.010142638482</pctVal>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.57258000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NNN REIT INC 3.5% 04/15/51</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>NNN REIT INC REGD 3.50000000</title>
        <cusip>637417AQ9</cusip>
        <identifiers>
          <isin value="US637417AQ97"/>
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        <balance>268000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191723.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>DEVON ENERGY COR 4.5% 01/15/30</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>DEVON ENERGY CORPORATION REGD 4.50000000</title>
        <cusip>25179MBF9</cusip>
        <identifiers>
          <isin value="US25179MBF95"/>
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        <balance>129000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126270.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELMW1 2019-1A A1 V/R 04/20/37</name>
        <lei>N/A</lei>
        <title>ELMWOOD CLO I LTD SER 2019-1A CL A1RR V/R REGD 144A P/P 6.13740000</title>
        <cusip>290015AW6</cusip>
        <identifiers>
          <isin value="US290015AW69"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>906592.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.13740000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FM6597 2% 03/01/41</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM6597 2.00000000</title>
        <cusip>3140XAKK7</cusip>
        <identifiers>
          <isin value="US3140XAKK73"/>
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        <balance>367201.10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>313226.25000000</valUSD>
        <pctVal>0.016839320814</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>OBX 2022-NQM6 A1 V/R 06/25/62</name>
        <lei>N/A</lei>
        <title>OBX 2022-NQM6 TRUST SER 2022-NQM6 CL A1 V/R REGD 144A P/P 4.70000000</title>
        <cusip>67116VAA9</cusip>
        <identifiers>
          <isin value="US67116VAA98"/>
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        <balance>192197.68000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190477.16000000</valUSD>
        <pctVal>0.010240220942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <lei>MGCJBT4MKTQBVLNUIS88</lei>
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        <name>UMBS P#SD8256 4% 10/01/52</name>
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        <name>BP CAP MARKETS 5.227% 11/17/34</name>
        <lei>N/A</lei>
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        <name>ATHENE HOLDING L 3.5% 01/15/31</name>
        <lei>549300H316CT32FQXI76</lei>
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        <name>GNMA II P#787154 6.5% 11/20/53</name>
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        <name>BVCLN 2024-EDU1  V/R 06/25/47</name>
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        <name>GENERAL DYNAMIC 2.85% 06/01/41</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
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      <invstOrSec>
        <name>DUKE ENERGY OHI 3.65% 02/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#CA2327 4% 09/01/48</name>
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        <name>PETROLEOS MEXIC 6.75% 09/21/47</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>MET LIFE GLOB F 5.15% 03/28/33</name>
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      <invstOrSec>
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        <name>CSMC 2021-NQM7 A V/R 10/25/25</name>
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      <invstOrSec>
        <name>JUNIPER NETWORKS I 2% 12/10/30</name>
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        <name>UMBS P#QC7411 2.5% 09/01/51</name>
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        <name>GNR 2020-47 MI 3.5% 04/20/50</name>
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        <name>CHARTER COMM OPT 4.8% 03/01/50</name>
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        <name>US TREAS NTS 4.125% 10/31/29</name>
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        <issuerCat>UST</issuerCat>
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        <name>WELLS FARGO &amp; COM V/R 04/25/26</name>
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        <name>ROYAL BANK OF C 1.15% 06/10/25</name>
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      <invstOrSec>
        <name>WALMART INC 6.2% 04/15/38</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>T-MOBILE USA I 2.625% 04/15/26</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD 2.62500000</title>
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          <isin value="US87264ABU88"/>
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      <invstOrSec>
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        <name>AMERICAN HOMES 4 5.5% 02/01/34</name>
        <lei>N/A</lei>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ALEXANDRIA REA 1.875% 02/01/33</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
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        <cusip>015271AV1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>TORONTO-DOMINION 2.8% 03/10/27</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <cusip>89114TZT2</cusip>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>COLT 2021-2 A1 V/R 08/25/66</name>
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        <cusip>19685WAA9</cusip>
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          <isin value="US19685WAA99"/>
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        <valUSD>632313.65000000</valUSD>
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        <name>T-MOBILE USA IN 3.75% 04/15/27</name>
        <lei>N/A</lei>
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          <isin value="US87264ABD63"/>
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        <name>OMEGA HLTHCARE  4.75% 01/15/28</name>
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        <name>AMERICAN TOWER C 3.8% 08/15/29</name>
        <lei>5493006ORUSIL88JOE18</lei>
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        <cusip>03027XAW0</cusip>
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        <name>ELEVANCE HEALTH 4.55% 05/15/52</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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        <cusip>036752AU7</cusip>
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        <name>AMGEN INC 4.05% 08/18/29</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
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        <name>NRZT 2018-3A A1 V/R 05/25/58</name>
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      <invstOrSec>
        <name>EOG RESOURCES  4.375% 04/15/30</name>
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      <invstOrSec>
        <name>FIRSTENERGY CORP 4.15% 07/15/27</name>
        <lei>549300SVYJS666PQJH88</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ZAXBY 2021-1A 3.238% 07/30/28</name>
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        <cusip>98920MAA0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>METLIFE INC 5.7% 06/15/35</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC REGD 5.70000000</title>
        <cusip>59156RAM0</cusip>
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          <isin value="US59156RAM07"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIR LEASE CORP 2.1% 09/01/28</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>AIR LEASE CORP REGD 2.10000000</title>
        <cusip>00914AAQ5</cusip>
        <identifiers>
          <isin value="US00914AAQ58"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45435.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NIKE INC 3.375% 03/27/50</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE INC REGD 3.37500000</title>
        <cusip>654106AM5</cusip>
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          <isin value="US654106AM50"/>
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        <balance>270000.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED RENTALS 6.125% 03/15/34</name>
        <lei>N/A</lei>
        <title>UNITED RENTALS NORTH AM REGD 144A P/P 6.12500000</title>
        <cusip>911365BR4</cusip>
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          <isin value="US911365BR47"/>
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        <curCd>USD</curCd>
        <valUSD>20323.22000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#QF2362 4% 11/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QF2362 4.00000000</title>
        <cusip>3133BPTT5</cusip>
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          <isin value="US3133BPTT57"/>
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        <balance>2739321.75000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMAN GOV INTER 5.625% 01/17/28</name>
        <lei>N/A</lei>
        <title>OMAN GOV INTERNTL BOND REGD REG S 5.62500000</title>
        <cusip>M75242BJ1</cusip>
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          <isin value="XS1750113661"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>OM</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CCAS 2024-1A  7.124% 06/15/27</name>
        <lei>N/A</lei>
        <title>CCAS 2024-1 LLC SER 2024-1A CL A REGD 144A P/P 7.12400000</title>
        <cusip>12516NAD3</cusip>
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          <isin value="US12516NAD30"/>
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        <balance>3545000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#FS3813 4.5% 11/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS3813 4.50000000</title>
        <cusip>3140XKGX2</cusip>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS BDS 3.625% 02/15/53</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.62500000</title>
        <cusip>912810TN8</cusip>
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          <isin value="US912810TN81"/>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PROGRESSIVE CORP 4.2% 03/15/48</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>PROGRESSIVE CORP REGD 4.20000000</title>
        <cusip>743315AT0</cusip>
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          <isin value="US743315AT02"/>
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        <balance>25000.00000000</balance>
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        <valUSD>21567.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#310088 5% 06/01/38</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#310088 5.00000000</title>
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          <isin value="US31374CND47"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EMPWR 2023-2A A1 V/R 07/15/36</name>
        <lei>N/A</lei>
        <title>EMPOWER CLO 2023-2 LTD SER 2023-2A CL A1 V/R REGD 144A P/P 6.85590000</title>
        <cusip>29247BAA5</cusip>
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          <isin value="US29247BAA52"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOMURA HOLDINGS 6.07% 07/12/28</name>
        <lei>549300B3CEAHYG7K8164</lei>
        <title>NOMURA HOLDINGS INC REGD 6.07000000</title>
        <cusip>65535HBM0</cusip>
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          <isin value="US65535HBM07"/>
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        <valUSD>207706.54000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASIAN DEVELOPME 3.75% 04/25/28</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>ASIAN DEVELOPMENT BANK REGD MTN SER GMTN 3.75000000</title>
        <cusip>045167FW8</cusip>
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          <isin value="US045167FW84"/>
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        <balance>200000.00000000</balance>
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        <valUSD>197326.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-MOBILE USA INC 3% 02/15/41</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD SER WI 3.00000000</title>
        <cusip>87264ABL8</cusip>
        <identifiers>
          <isin value="US87264ABL89"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44802.89000000</valUSD>
        <pctVal>0.002408643075</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>GOLDMAN SACHS G 4.75% 10/21/45</name>
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        <name>VMED O2 UK FINA 4.75% 07/15/31</name>
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      <invstOrSec>
        <name>RENESAS ELECTRO 2.17% 11/25/26</name>
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        <name>DOW CHEMICAL C 4.375% 11/15/42</name>
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        <name>MILEAGE PLUS HLD 6.5% 06/20/27</name>
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        <name>FGLMC P#Q00179 5% 04/01/41</name>
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        <name>FHLMC P#841077 V/R 11/01/47</name>
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        <name>WORKDAY INC 3.7% 04/01/29</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>WORKDAY INC REGD 3.70000000</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC USA INC 5.294% 03/04/27</name>
        <lei>N/A</lei>
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        <name>UNITEDHEALTH GROUP 4% 05/15/29</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 4.00000000</title>
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        <name>ENTERPRISE PROD 6.65% 10/15/34</name>
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        <name>MONDELEZ INTERNA 1.5% 05/04/25</name>
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        <cusip>609207AU9</cusip>
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        <name>ENERGY TRANSFER 5.25% 04/15/29</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <name>KENVUE INC 5.05% 03/22/53</name>
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        <name>UMBS P#FS3977 4.5% 11/01/52</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>KREST 2021-CHI 2.86% 08/05/31</name>
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        <title>KREST COMMERCIAL MORTGAGE SECURITIES TRUST 2021 SER 2021-CHIP CL B REGD 144A P/P 2.86077000</title>
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        <valUSD>899761.56000000</valUSD>
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      <invstOrSec>
        <name>NXP BV/NXP FDG/N 2.7% 05/01/25</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIR LEASE CORP 1.875% 08/15/26</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REPUBLICA ORIEN 5.25% 09/10/60</name>
        <lei>549300RDR012H2V82H43</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARRIER GLOBAL 3.377% 04/05/40</name>
        <lei>549300JE3W6CWY2NAN77</lei>
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        <cusip>14448CAR5</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#RB5138 2% 12/01/41</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPIRIT LOYALTY KY  8% 09/20/25</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGLMC P#A60881 5.5% 05/01/37</name>
        <lei>N/A</lei>
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        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>7356.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APACHE FIN CDA 7.75% 12/15/29</name>
        <lei>72ZZ1XRHOOU9P9X16K08</lei>
        <title>APACHE FINANCE CANADA REGD 7.75000000</title>
        <cusip>03746AAA8</cusip>
        <identifiers>
          <isin value="US03746AAA88"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD2760 6% 04/01/53</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD2760 6.00000000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMGEN INC 2.2% 02/21/27</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC REGD 2.20000000</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95047.22000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KBC GROUP NV V/R /PERP//EUR/</name>
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          <isin value="US595620AY17"/>
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        <name>ENERGY TRANSFER 4.95% 06/15/28</name>
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        <name>UMBS P#FS4039 5.5% 02/01/53</name>
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      <invstOrSec>
        <name>HALLIBURTON CO 4.85% 11/15/35</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
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        <name>UMBS P#FM9530 2.5% 07/01/51</name>
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        <title>FANNIE MAE POOL UMBS P#FM9530 2.50000000</title>
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        <name>GNMA II P#MA5530 5% 10/20/48</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IBRD 1.375% 04/20/28</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMENT MTN SER GDIF 1.37500000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRISTOL-MYERS S 3.55% 03/15/42</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BRISTOL-MYERS SQUIBB CO REGD 3.55000000</title>
        <cusip>110122DV7</cusip>
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        <curCd>USD</curCd>
        <valUSD>40360.97000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO 5% 02/09/54</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <cusip>532457CM8</cusip>
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        <curCd>USD</curCd>
        <valUSD>107175.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#MA9725 5.5% 06/20/54</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA9725 5.50000000</title>
        <cusip>36179YYW8</cusip>
        <identifiers>
          <isin value="US36179YYW82"/>
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        <curCd>USD</curCd>
        <valUSD>2142773.69000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLE INC 3.85% 08/04/46</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 3.85000000</title>
        <cusip>037833CD0</cusip>
        <identifiers>
          <isin value="US037833CD08"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84559.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-04</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CON EDISON CO O 3.35% 04/01/30</name>
        <lei>N/A</lei>
        <title>CON EDISON CO OF NY INC REGD SER 20A 3.35000000</title>
        <cusip>209111FX6</cusip>
        <identifiers>
          <isin value="US209111FX66"/>
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        <curCd>USD</curCd>
        <valUSD>56434.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOYOTA MOTOR CR 4.55% 08/09/29</name>
        <lei>N/A</lei>
        <title>TOYOTA MOTOR CREDIT CORP REGD MTN 4.55000000</title>
        <cusip>89236TMK8</cusip>
        <identifiers>
          <isin value="US89236TMK87"/>
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        <balance>795000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>794732.00000000</valUSD>
        <pctVal>0.042725496695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOYOTA MOTOR CR 3.05% 03/22/27</name>
        <lei>N/A</lei>
        <title>TOYOTA MOTOR CREDIT CORP REGD MTN 3.05000000</title>
        <cusip>89236TJZ9</cusip>
        <identifiers>
          <isin value="US89236TJZ93"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>194120.79000000</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>2027-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</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>UMBS P#SD1899 5% 11/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD1899 5.00000000</title>
        <cusip>3132DPDC9</cusip>
        <identifiers>
          <isin value="US3132DPDC95"/>
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        <balance>599105.44000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>593946.68000000</valUSD>
        <pctVal>0.031931099935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>EXPAND ENERGY  5.375% 03/15/30</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>EXPAND ENERGY CORP REGD 5.37500000</title>
        <cusip>845467AS8</cusip>
        <identifiers>
          <isin value="US845467AS85"/>
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        <balance>1340000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1331208.30000000</valUSD>
        <pctVal>0.071566938065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FORDF 2018-4 A 4.06% 11/15/28</name>
        <lei>N/A</lei>
        <title>FORD CREDIT FLOORPLAN MASTER OWNER TRUST A SER 2018-4 CL A REGD 4.06000000</title>
        <cusip>34528PAK2</cusip>
        <identifiers>
          <isin value="US34528PAK21"/>
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        <balance>583000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>572876.79000000</valUSD>
        <pctVal>0.030798363974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.06000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GNMA P#659726 5% 11/15/36</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#659726 5.00000000</title>
        <cusip>36294T4K8</cusip>
        <identifiers>
          <isin value="US36294T4K83"/>
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        <balance>7863.32000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7867.18000000</valUSD>
        <pctVal>0.000422946569</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ANHEUSER-BUSCH I 5.8% 01/23/59</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH INBEV WOR REGD 5.80000000</title>
        <cusip>03523TBW7</cusip>
        <identifiers>
          <isin value="US03523TBW71"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54090.86000000</valUSD>
        <pctVal>0.002907972574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IBRD 3.125% 06/15/27</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMENT 3.12500000</title>
        <cusip>459058KJ1</cusip>
        <identifiers>
          <isin value="US459058KJ14"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97572.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US TREAS NTS 2.625% 05/31/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 2.62500000</title>
        <cusip>91282CET4</cusip>
        <identifiers>
          <isin value="US91282CET45"/>
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        <balance>6000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5786250.00000000</valUSD>
        <pctVal>0.311073928385</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALESFORCE INC 2.7% 07/15/41</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>SALESFORCE INC REGD 2.70000000</title>
        <cusip>79466LAK0</cusip>
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          <isin value="US79466LAK08"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102823.56000000</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>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</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>STACR 2023-DNA2  V/R 04/25/43</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STACR REMIC TRUST 2023-DNA2 SER 2023-DNA2 CL M1A V/R REGD 144A P/P 6.82533000</title>
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        <identifiers>
          <isin value="US35564KT581"/>
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        <balance>204971.38000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>209522.83000000</valUSD>
        <pctVal>0.011264133042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>GNMA II P#MA4836 3% 11/20/47</name>
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        <name>GNMA II P#MA8879 5.5% 05/20/53</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERNATIONAL PAPE 6% 11/15/41</name>
        <lei>824LMFJDH41EY779Q875</lei>
        <title>INTERNATIONAL PAPER CO REGD 6.00000000</title>
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          <isin value="US460146CH42"/>
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        <curCd>USD</curCd>
        <valUSD>26740.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ADOBE INC 2.3% 02/01/30</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>ADOBE INC REGD 2.30000000</title>
        <cusip>00724PAD1</cusip>
        <identifiers>
          <isin value="US00724PAD15"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44970.67000000</valUSD>
        <pctVal>0.002417663076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COM V/R 07/25/29</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R MTN 5.57400000</title>
        <cusip>95000U3E1</cusip>
        <identifiers>
          <isin value="US95000U3E14"/>
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        <balance>1010000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1035634.40000000</valUSD>
        <pctVal>0.055676623232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.57400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOEING CO 5.93% 05/01/60</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO REGD 5.93000000</title>
        <cusip>097023CX1</cusip>
        <identifiers>
          <isin value="US097023CX16"/>
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        <balance>101000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95598.24000000</valUSD>
        <pctVal>0.005139446111</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.93000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREAS BDS 2.875% 05/15/49</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.87500000</title>
        <cusip>912810SH2</cusip>
        <identifiers>
          <isin value="US912810SH23"/>
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        <balance>510000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>385617.77000000</valUSD>
        <pctVal>0.020731153090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#786134 3% 04/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#786134 3.00000000</title>
        <cusip>3622ABV33</cusip>
        <identifiers>
          <isin value="US3622ABV338"/>
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        <balance>215191.03000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>187394.95000000</valUSD>
        <pctVal>0.010074518601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD7521 2.5% 07/01/50</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD7521 2.50000000</title>
        <cusip>3132DVLA1</cusip>
        <identifiers>
          <isin value="US3132DVLA16"/>
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        <balance>358005.96000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>305877.03000000</valUSD>
        <pctVal>0.016444220233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JBS USA HOLD/F 4.375% 02/02/52</name>
        <lei>N/A</lei>
        <title>JBS USA HOLD/FOOD/LUX CO REGD 4.37500000</title>
        <cusip>46590XAQ9</cusip>
        <identifiers>
          <isin value="US46590XAQ97"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39184.61000000</valUSD>
        <pctVal>0.002106599363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA5467 4.5% 09/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5467 4.50000000</title>
        <cusip>36179UCC4</cusip>
        <identifiers>
          <isin value="US36179UCC45"/>
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        <balance>153463.88000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>150126.80000000</valUSD>
        <pctVal>0.008070949826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RC R/P GOLDMA  4.540% 12/02/24</name>
        <lei>N/A</lei>
        <title>RC R/P GOLDMA  4.540% 12/02/24 4.54000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="346TMW"/>
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        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8000000.00000000</valUSD>
        <pctVal>0.430087090445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="FOR8UP27PHTHYVLBNG30" name="Goldman Sach &amp; Co"/>
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          <isTriParty>N</isTriParty>
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              <collateralVal>8003026.67000000</collateralVal>
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              <invstCat>UST</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#CA2047 4.5% 07/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA2047 4.50000000</title>
        <cusip>3140Q9HZ9</cusip>
        <identifiers>
          <isin value="US3140Q9HZ96"/>
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        <balance>58711.80000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57215.67000000</valUSD>
        <pctVal>0.003075965129</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SYSCO CORPORATIO 3.3% 07/15/26</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
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        <cusip>871829BC0</cusip>
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          <isin value="US871829BC08"/>
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        <curCd>USD</curCd>
        <valUSD>48933.38000000</valUSD>
        <pctVal>0.002630701878</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD1751 2.5% 10/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD1751 2.50000000</title>
        <cusip>3132DN5L3</cusip>
        <identifiers>
          <isin value="US3132DN5L35"/>
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        <curCd>USD</curCd>
        <valUSD>142479.49000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>REYNOLDS AMERIC 5.85% 08/15/45</name>
        <lei>N/A</lei>
        <title>REYNOLDS AMERICAN INC REGD 5.85000000</title>
        <cusip>761713BB1</cusip>
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          <isin value="US761713BB19"/>
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        <balance>89000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88077.24000000</valUSD>
        <pctVal>0.004735110485</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD8189 2.5% 01/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8189 2.50000000</title>
        <cusip>3132DWC27</cusip>
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          <isin value="US3132DWC270"/>
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        <curCd>USD</curCd>
        <valUSD>1687249.70000000</valUSD>
        <pctVal>0.090708039290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#AH0356 3.5% 02/01/26</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AH0356 3.50000000</title>
        <cusip>3138A1ME8</cusip>
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          <isin value="US3138A1ME82"/>
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        <curCd>USD</curCd>
        <valUSD>6528.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BX 2022-VAMF A V/R 01/15/27</name>
        <lei>N/A</lei>
        <title>BX TRUST 2022-VAMF SER 2022-VAMF CL A V/R REGD 144A P/P 5.45929000</title>
        <cusip>05609TAA8</cusip>
        <identifiers>
          <isin value="US05609TAA88"/>
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        <balance>901000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>898086.08000000</valUSD>
        <pctVal>0.048281903639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.45929000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIO TINTO FIN US 5.2% 11/02/40</name>
        <lei>N/A</lei>
        <title>RIO TINTO FIN USA LTD REGD 5.20000000</title>
        <cusip>767201AL0</cusip>
        <identifiers>
          <isin value="US767201AL06"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50271.80000000</valUSD>
        <pctVal>0.002702656524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PROGRESSIVE CORP 3% 03/15/32</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>PROGRESSIVE CORP REGD 3.00000000</title>
        <cusip>743315AZ6</cusip>
        <identifiers>
          <isin value="US743315AZ61"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44887.93000000</valUSD>
        <pctVal>0.002413214901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA5596 4.5% 11/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5596 4.50000000</title>
        <cusip>36179UGD8</cusip>
        <identifiers>
          <isin value="US36179UGD81"/>
        </identifiers>
        <balance>22772.84000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22275.29000000</valUSD>
        <pctVal>0.001197539333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>WASTE CONNECTIO 2.95% 01/15/52</name>
        <lei>549300HDLRTPBQU69P29</lei>
        <title>WASTE CONNECTIONS INC REGD 2.95000000</title>
        <cusip>94106BAD3</cusip>
        <identifiers>
          <isin value="US94106BAD38"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16687.84000000</valUSD>
        <pctVal>0.000897153068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNION PACIFIC C 2.15% 02/05/27</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD 2.15000000</title>
        <cusip>907818FJ2</cusip>
        <identifiers>
          <isin value="US907818FJ28"/>
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        <balance>60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57214.49000000</valUSD>
        <pctVal>0.003075901691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APPLE INC 2.375% 02/08/41</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 2.37500000</title>
        <cusip>037833EE6</cusip>
        <identifiers>
          <isin value="US037833EE62"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36097.38000000</valUSD>
        <pctVal>0.001940627142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</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>PROGRESSIVE CORP 3.2% 03/26/30</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>PROGRESSIVE CORP REGD 3.20000000</title>
        <cusip>743315AW3</cusip>
        <identifiers>
          <isin value="US743315AW31"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23297.78000000</valUSD>
        <pctVal>0.001252509301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T/L CAESARS ENT 0% 02/06/2030</name>
        <lei>N/A</lei>
        <title>T/L CAESARS ENTERTAINMENT INC  REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX210680"/>
        </identifiers>
        <balance>37800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38077.64000000</valUSD>
        <pctVal>0.002047087674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.82258000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T-MOBILE USA INC 2.7% 03/15/32</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD SER WI 2.70000000</title>
        <cusip>87264ACQ6</cusip>
        <identifiers>
          <isin value="US87264ACQ67"/>
        </identifiers>
        <balance>330000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>285220.97000000</valUSD>
        <pctVal>0.015333732140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</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>
      <invstOrSec>
        <name>US TREAS BDS 1.125% 08/15/40</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 1.12500000</title>
        <cusip>912810SQ2</cusip>
        <identifiers>
          <isin value="US912810SQ22"/>
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        <balance>1500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>945029.30000000</valUSD>
        <pctVal>0.050805612752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</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>P/O US 10YR FUT OPTN JAN25 109</name>
        <lei>N/A</lei>
        <title>PUT OPTION ON US 10YR FUT OPTN JAN25 109 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYF5P 109"/>
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        <balance>-121.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-17015.63000000</valUSD>
        <pctVal>-0.00091477534</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>WESTERN</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>P/O US 10YR FUT OPTN JAN25 109</issuerName>
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                  <ticker value="TYF5P 109"/>
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            </descRefInstrmnt>
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            <expDt>2024-12-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>35525.04000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TIME WARNER CABL 5.5% 09/01/41</name>
        <lei>N/A</lei>
        <title>TIME WARNER CABLE LLC REGD 5.50000000</title>
        <cusip>88732JBB3</cusip>
        <identifiers>
          <isin value="US88732JBB35"/>
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        <balance>1837000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1618596.94000000</valUSD>
        <pctVal>0.087017206065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CIGNA GROUP/THE 5.6% 02/15/54</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CIGNA GROUP/THE REGD 5.60000000</title>
        <cusip>125523CW8</cusip>
        <identifiers>
          <isin value="US125523CW86"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25091.40000000</valUSD>
        <pctVal>0.001348935902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</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>DISCOVERY COMMUN 4.9% 03/11/26</name>
        <lei>N/A</lei>
        <title>DISCOVERY COMMUNICATIONS REGD 4.90000000</title>
        <cusip>25470DAL3</cusip>
        <identifiers>
          <isin value="US25470DAL38"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49846.00000000</valUSD>
        <pctVal>0.002679765138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</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>TEACHERS INSUR &amp; 4.9% 09/15/44</name>
        <lei>N/A</lei>
        <title>TEACHERS INSUR &amp; ANNUITY REGD P/P 4.90000000</title>
        <cusip>878091BD8</cusip>
        <identifiers>
          <isin value="US878091BD86"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>280552.02000000</valUSD>
        <pctVal>0.015082725250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</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>FHLMC P#840698 V/R 03/01/47</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC NON GOLD POOL P#840698 V/R 2.33300000</title>
        <cusip>31347AX33</cusip>
        <identifiers>
          <isin value="US31347AX331"/>
        </identifiers>
        <balance>76470.28000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>72275.10000000</valUSD>
        <pctVal>0.003885573433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>GILEAD SCIENCES IN 4% 09/01/36</name>
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        <name>GNR 2020-160 IH 2.5% 10/20/50</name>
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        <name>UMBS P#ZS8673 3% 10/01/32</name>
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      <invstOrSec>
        <name>LOWE'S COS INC 2.625% 04/01/31</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <cusip>548661EA1</cusip>
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        <name>ALBEMARLE CORP 5.65% 06/01/52</name>
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        <name>METLIFE INC 5% 07/15/52</name>
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        <lei>Y87794H0US1R65VBXU25</lei>
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        <name>UMBS P#MA3211 4% 12/01/47</name>
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        <name>GNR 2022-24 AH 2.5% 02/20/52</name>
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        <name>SHELL INTERNAT 3.875% 11/13/28</name>
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        <name>VODAFONE GROUP  6.15% 02/27/37</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA P#821116 6% 5/1/35</name>
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        <name>BLUE OWL CAPITAL 3.4% 07/15/26</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNR 2004-38 FK V/R 05/25/34</name>
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        <name>UMBS P#SC0340 3% 09/01/42</name>
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        <name>US TREAS NTS 1.5% 11/30/28</name>
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          <isin value="US91282CDL28"/>
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        <issuerCat>UST</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS P#BR2644 2% 02/01/51</name>
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          <couponKind>Fixed</couponKind>
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        <name>MCDONALD'S COR 4.875% 12/09/45</name>
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        <name>INTEL CORP 3.734% 12/08/47</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>C/O US 10Y NOTE W5 NOV24 110.5</name>
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        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>WESTERN</counterpartyName>
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      <invstOrSec>
        <name>KINDER MORGAN INC 5% 02/01/29</name>
        <lei>549300WR7IX8XE0TBO16</lei>
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          <isin value="US494553AD27"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMMONWEALTH EDI 5.9% 03/15/36</name>
        <lei>N/A</lei>
        <title>COMMONWEALTH EDISON CO REGD 5.90000000</title>
        <cusip>202795HK9</cusip>
        <identifiers>
          <isin value="US202795HK91"/>
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        <curCd>USD</curCd>
        <valUSD>26869.07000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SUMITOMO MITSU 3.446% 01/11/27</name>
        <lei>35380028MYWPB6AUO129</lei>
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          <isin value="US86562MAN02"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#QC4818 2.5% 08/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QC4818 2.50000000</title>
        <cusip>3133APK73</cusip>
        <identifiers>
          <isin value="US3133APK735"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68040.26000000</valUSD>
        <pctVal>0.003657904682</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#QN7685 2% 09/01/36</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QN7685 2.00000000</title>
        <cusip>3133GERE0</cusip>
        <identifiers>
          <isin value="US3133GERE05"/>
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        <balance>858280.04000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>777973.88000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA II P#MA5653 5% 12/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5653 5.00000000</title>
        <cusip>36179UH62</cusip>
        <identifiers>
          <isin value="US36179UH623"/>
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        <balance>87993.74000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87949.81000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VERIZON COMMUNI 1.68% 10/30/30</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD SER WI 1.68000000</title>
        <cusip>92343VFX7</cusip>
        <identifiers>
          <isin value="US92343VFX73"/>
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        <balance>138000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUNRN 2019-2 A 3.61% 10/30/27</name>
        <lei>N/A</lei>
        <title>SUNRUN ATLAS ISSUER 2019-2 LLC SER 2019-2 CL A REGD 144A P/P 3.61000000</title>
        <cusip>86772FAA9</cusip>
        <identifiers>
          <isin value="US86772FAA93"/>
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        <balance>354830.92000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>330933.66000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.61000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#FM7630 2.5% 06/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM7630 2.50000000</title>
        <cusip>3140XBPQ7</cusip>
        <identifiers>
          <isin value="US3140XBPQ71"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60016.17000000</valUSD>
        <pctVal>0.003226522491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#CA1710 4.5% 05/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA1710 4.50000000</title>
        <cusip>3140Q83U7</cusip>
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          <isin value="US3140Q83U76"/>
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        <curCd>USD</curCd>
        <valUSD>237739.34000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4824 2.5% 10/01/52</name>
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        <title>FANNIE MAE POOL UMBS P#MA4824 2.50000000</title>
        <cusip>31418ELE8</cusip>
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        <valUSD>1136966.16000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>US TREAS NTS 4.125% 07/31/31</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.12500000</title>
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          <isin value="US91282CLD10"/>
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        <issuerCat>UST</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>OTIS WORLDWIDE 2.565% 02/15/30</name>
        <lei>549300ZLBKR8VSU25153</lei>
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        <name>PEPSICO INC 2.375% 10/06/26</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 2.37500000</title>
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        <curCd>USD</curCd>
        <valUSD>96574.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA7826 2% 01/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7826 2.00000000</title>
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          <isin value="US36179WVT25"/>
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        <curCd>USD</curCd>
        <valUSD>3099903.36000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EXPORT-IMPORT  1.125% 12/29/26</name>
        <lei>N/A</lei>
        <title>EXPORT-IMPORT BANK KOREA REGD 1.12500000</title>
        <cusip>302154DJ5</cusip>
        <identifiers>
          <isin value="US302154DJ59"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186784.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>BHP BILLITON F 4.125% 02/24/42</name>
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        <name>UMBS P#MA3124 2.5% 09/01/32</name>
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      <invstOrSec>
        <name>UMBS P#BV5373 2.5% 04/01/52</name>
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      <invstOrSec>
        <name>UMBS P#RB0714 2% 12/01/41</name>
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        <name>CGCMT 2016-C3 2.896% 10/15/26</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HOME DEPOT INC 3.3% 04/15/40</name>
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        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <cusip>717081EW9</cusip>
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        <name>UMBS P#BQ6855 2% 12/01/51</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>HYUNDAI CAPITAL 5.65% 06/26/26</name>
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      <invstOrSec>
        <name>PFIZER INC 3.9% 03/15/39</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <name>BX 2024-KING E V/R 05/15/26</name>
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        <name>UMBS P#FS5313 3.5% 01/01/50</name>
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        <name>PLMRS 2014-1A A1 V/R 01/17/31</name>
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        <invCountry>KY</invCountry>
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        <name>CITIGROUP INC V/R 11/03/32</name>
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      <invstOrSec>
        <name>OHIO POWER COMPANY 4% 06/01/49</name>
        <lei>N/A</lei>
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          <isin value="US677415CR01"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GNR 2022-216 IO V/R 07/16/65</name>
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        <curCd>USD</curCd>
        <valUSD>95703.69000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ORACLE CORP 4.3% 07/08/34</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <cusip>68389XAV7</cusip>
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        <curCd>USD</curCd>
        <valUSD>224609.31000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EVEREST REINSU 3.125% 10/15/52</name>
        <lei>N/A</lei>
        <title>EVEREST REINSURANCE HLDG REGD 3.12500000</title>
        <cusip>299808AJ4</cusip>
        <identifiers>
          <isin value="US299808AJ43"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA4654 4.5% 08/20/47</name>
        <lei>N/A</lei>
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        <cusip>36179TE35</cusip>
        <identifiers>
          <isin value="US36179TE358"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19237.60000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#AP9766 4% 10/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AP9766 4.00000000</title>
        <cusip>3138MDZ88</cusip>
        <identifiers>
          <isin value="US3138MDZ881"/>
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        <balance>49133.92000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47157.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MIZUHO FINANCI 2.839% 09/13/26</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>MIZUHO FINANCIAL GROUP REGD 2.83900000</title>
        <cusip>60687YAG4</cusip>
        <identifiers>
          <isin value="US60687YAG44"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>194125.81000000</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>2026-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BALTIMORE GAS &amp; 4.55% 06/01/52</name>
        <lei>N/A</lei>
        <title>BALTIMORE GAS &amp; ELECTRIC REGD 4.55000000</title>
        <cusip>059165EP1</cusip>
        <identifiers>
          <isin value="US059165EP12"/>
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        <balance>104000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>92509.54000000</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>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BERKSHIRE HATHA 1.45% 10/15/30</name>
        <lei>N/A</lei>
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        <cusip>084664CW9</cusip>
        <identifiers>
          <isin value="US084664CW92"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21111.03000000</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>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FED CAISSES DES 5.25% 04/26/29</name>
        <lei>N/A</lei>
        <title>FED CAISSES DESJARDINS REGD 144A P/P 5.25000000</title>
        <cusip>31429KAL7</cusip>
        <identifiers>
          <isin value="US31429KAL70"/>
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        <balance>1335000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1356429.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENERAL MOTORS C 5.2% 04/01/45</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO REGD 5.20000000</title>
        <cusip>37045VAJ9</cusip>
        <identifiers>
          <isin value="US37045VAJ98"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22861.25000000</valUSD>
        <pctVal>0.001229041062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMAZON.COM INC 3.45% 04/13/29</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 3.45000000</title>
        <cusip>023135CG9</cusip>
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          <isin value="US023135CG91"/>
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        <balance>130000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>125928.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PACKAGING CORP O 5.7% 12/01/33</name>
        <lei>549300XZP8MFZFY8TJ84</lei>
        <title>PACKAGING CORP OF AMERIC REGD 5.70000000</title>
        <cusip>695156AX7</cusip>
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          <isin value="US695156AX75"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26176.24000000</valUSD>
        <pctVal>0.001407257862</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ORACLE CORP 4% 07/15/46</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 4.00000000</title>
        <cusip>68389XBJ3</cusip>
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          <isin value="US68389XBJ37"/>
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        <balance>76000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61186.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA7986 2% 04/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7986 2.00000000</title>
        <cusip>36179W2T4</cusip>
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          <isin value="US36179W2T42"/>
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        <curCd>USD</curCd>
        <valUSD>740339.12000000</valUSD>
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          <maturityDt>2052-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>AT&amp;T INC 1.7% 03/25/26</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 1.70000000</title>
        <cusip>00206RML3</cusip>
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          <isin value="US00206RML32"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192517.46000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BE3776 4.5% 07/01/47</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BE3776 4.50000000</title>
        <cusip>3140FPFS3</cusip>
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        <curCd>USD</curCd>
        <valUSD>109201.89000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHEVRON USA INC 3.85% 01/15/28</name>
        <lei>N/A</lei>
        <title>CHEVRON USA INC REGD 3.85000000</title>
        <cusip>166756AR7</cusip>
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          <isin value="US166756AR79"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9904.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US912810TD00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIRGINIA ELEC &amp; 2.95% 11/15/51</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOTALENERGIES  3.127% 05/29/50</name>
        <lei>N/A</lei>
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          <isin value="US89153VAV18"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA7935 2% 03/20/52</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US36179WY855"/>
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        <curCd>USD</curCd>
        <valUSD>1045873.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BROWN &amp; BROWN IN 4.5% 03/15/29</name>
        <lei>549300PC8KTJ71XKFY89</lei>
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        <cusip>115236AB7</cusip>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24688.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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      <invstOrSec>
        <name>CENTENE CORP 3% 10/15/30</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
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        <cusip>15135BAW1</cusip>
        <identifiers>
          <isin value="US15135BAW19"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61090.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPN BANK FOR I 2.375% 04/20/26</name>
        <lei>N/A</lei>
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        <cusip>471048AT5</cusip>
        <identifiers>
          <isin value="US471048AT53"/>
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        <curCd>USD</curCd>
        <valUSD>194366.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HENDR 2008-3A A1 8% 07/14/37</name>
        <lei>N/A</lei>
        <title>321 HENDERSON RECEIVABLES V LLC SER 2008-3A CL A1 REGD 144A P/P 8.00000000</title>
        <cusip>88576VAA8</cusip>
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          <isin value="US88576VAA89"/>
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        <curCd>USD</curCd>
        <valUSD>667583.17000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEXTERA ENERGY 1.875% 01/15/27</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US65339KBY55"/>
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        <balance>250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236283.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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      <invstOrSec>
        <name>ERP OPERATING LP 3% 07/01/29</name>
        <lei>N/A</lei>
        <title>ERP OPERATING LP REGD 3.00000000</title>
        <cusip>26884ABL6</cusip>
        <identifiers>
          <isin value="US26884ABL61"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23342.76000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UBS GROUP AG V/R /PERP/</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <cusip>902613BN7</cusip>
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          <isin value="US902613BN73"/>
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        <balance>750000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>742056.08000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>AMERICAN EXPRES 2.55% 03/04/27</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <cusip>025816CS6</cusip>
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          <isin value="US025816CS64"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
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        <valUSD>95730.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BMO 2022-C1 A5 V/R 01/15/32</name>
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        <cusip>05609MCC7</cusip>
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          <isin value="US05609MCC73"/>
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        <valUSD>253216.99000000</valUSD>
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        <name>US TREAS NTS 4% 01/31/29</name>
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          <couponKind>Fixed</couponKind>
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        <name>UNITED AIRLINE 4.625% 04/15/29</name>
        <lei>N/A</lei>
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          <isin value="US90932LAH06"/>
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      <invstOrSec>
        <name>COCA-COLA CO/THE 2.5% 03/15/51</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>COCA-COLA CO/THE REGD 2.50000000</title>
        <cusip>191216DC1</cusip>
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          <isin value="US191216DC18"/>
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        <valUSD>31200.79000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JPN BANK FOR IN 4.25% 01/26/26</name>
        <lei>N/A</lei>
        <title>JPN BANK FOR INT'L COOP REGD 4.25000000</title>
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          <isin value="US471048CV81"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199286.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2026-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COM V/R 02/11/26</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R MTN 2.16400000</title>
        <cusip>95000U2K8</cusip>
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          <isin value="US95000U2K82"/>
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        <balance>1292000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1285081.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.16400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEGLOBAL BV 4.25% 11/03/26</name>
        <lei>N/A</lei>
        <title>MEGLOBAL BV REGD 144A P/P MTN 4.25000000</title>
        <cusip>29441WAC9</cusip>
        <identifiers>
          <isin value="US29441WAC91"/>
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        <balance>400000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>392228.50000000</valUSD>
        <pctVal>0.021086551794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC 4.375% 01/12/26</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC REGD 4.37500000</title>
        <cusip>06738EAN5</cusip>
        <identifiers>
          <isin value="US06738EAN58"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199055.71000000</valUSD>
        <pctVal>0.010701411393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PROLOGIS LP 5.125% 01/15/34</name>
        <lei>N/A</lei>
        <title>PROLOGIS LP REGD 5.12500000</title>
        <cusip>74340XCH2</cusip>
        <identifiers>
          <isin value="US74340XCH26"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25296.94000000</valUSD>
        <pctVal>0.001359985915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITED MEXICAN  3.75% 01/11/28</name>
        <lei>N/A</lei>
        <title>UNITED MEXICAN STATES REGD 3.75000000</title>
        <cusip>91087BAE0</cusip>
        <identifiers>
          <isin value="US91087BAE02"/>
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        <balance>323000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>310991.95000000</valUSD>
        <pctVal>0.016719202865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#RJ0858 6.5% 02/01/54</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#RJ0858 6.50000000</title>
        <cusip>3142GQ5U2</cusip>
        <identifiers>
          <isin value="US3142GQ5U21"/>
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        <balance>232714.33000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>239548.78000000</valUSD>
        <pctVal>0.012878354726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-01</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>UMBS P#MA4177 2.5% 11/01/40</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4177 2.50000000</title>
        <cusip>31418DUB6</cusip>
        <identifiers>
          <isin value="US31418DUB62"/>
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        <balance>159714.98000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139070.61000000</valUSD>
        <pctVal>0.007476559252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER L V/R 05/15/54</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD V/R 8.00000000</title>
        <cusip>29273VAX8</cusip>
        <identifiers>
          <isin value="US29273VAX82"/>
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        <balance>405000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>431056.88000000</valUSD>
        <pctVal>0.023173999916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.00000000</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>US TREAS NTS 3.75% 05/31/30</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.75000000</title>
        <cusip>91282CHF1</cusip>
        <identifiers>
          <isin value="US91282CHF14"/>
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        <balance>1556000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1528466.10000000</valUSD>
        <pctVal>0.082171692224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA4719 3.5% 09/20/47</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4719 3.50000000</title>
        <cusip>36179TG41</cusip>
        <identifiers>
          <isin value="US36179TG411"/>
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        <balance>82677.52000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76363.40000000</valUSD>
        <pctVal>0.004105364065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS 2.85% 10/01/29</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC REGD 2.85000000</title>
        <cusip>70450YAE3</cusip>
        <identifiers>
          <isin value="US70450YAE32"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46315.94000000</valUSD>
        <pctVal>0.002489985984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ANALOG DEVICES  2.95% 10/01/51</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>ANALOG DEVICES INC REGD 2.95000000</title>
        <cusip>032654AX3</cusip>
        <identifiers>
          <isin value="US032654AX37"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16958.54000000</valUSD>
        <pctVal>0.000911706140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US TREAS NTS 3.625% 08/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.62500000</title>
        <cusip>91282CLK5</cusip>
        <identifiers>
          <isin value="US91282CLK52"/>
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        <balance>30285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29687581.13000000</valUSD>
        <pctVal>1.596030673818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VOC ESCROW LTD 5% 02/15/28</name>
        <lei>N/A</lei>
        <title>VOC ESCROW LTD REGD 144A P/P 5.00000000</title>
        <cusip>91832VAA2</cusip>
        <identifiers>
          <isin value="US91832VAA26"/>
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        <balance>110000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>107476.27000000</valUSD>
        <pctVal>0.005778019532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#MA5529 4.5% 10/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5529 4.50000000</title>
        <cusip>36179UEA6</cusip>
        <identifiers>
          <isin value="US36179UEA60"/>
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        <balance>103318.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101061.23000000</valUSD>
        <pctVal>0.005433141295</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMORGAN CHASE  4.25% 10/01/27</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO REGD 4.25000000</title>
        <cusip>46625HNJ5</cusip>
        <identifiers>
          <isin value="US46625HNJ58"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209035.79000000</valUSD>
        <pctVal>0.011237949339</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MERCK &amp; CO INC 4.15% 05/18/43</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MERCK &amp; CO INC REGD 4.15000000</title>
        <cusip>58933YAJ4</cusip>
        <identifiers>
          <isin value="US58933YAJ47"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43910.13000000</valUSD>
        <pctVal>0.002360647506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>549300I4GMO6D34U1T02</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>RIO TINTO FIN  4.125% 08/21/42</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#MA2773 3% 10/01/36</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMCAST CORP 4.95% 10/15/58</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS BDS 2.375% 02/15/42</name>
        <lei>N/A</lei>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ABBVIE INC 5.4% 03/15/54</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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          <isin value="US00287YDW66"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76165.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BOAMS 2004-F 1A1 V/R 07/25/34</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MORTGAGE 2004-F TRUST SER 2004-F CL 1A1 V/R REGD 6.62259000</title>
        <cusip>05949AHR4</cusip>
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          <isin value="US05949AHR41"/>
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        <balance>12610.79000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12157.86000000</valUSD>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>AMERICAN EXPRES 4.05% 12/03/42</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <cusip>025816BF5</cusip>
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          <isin value="US025816BF52"/>
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        <curCd>USD</curCd>
        <valUSD>88142.08000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-03</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BV3089 2.5% 02/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BV3089 2.50000000</title>
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        <curCd>USD</curCd>
        <valUSD>64753.78000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BHP BILLITON FIN U 5% 09/30/43</name>
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          <isin value="US055451AV01"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CIM 2023-R4 A1 V/R 05/25/62</name>
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        <name>ZIPLY 2024-1A  6.64% 03/20/29</name>
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      <invstOrSec>
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          <isin value="US961214ER00"/>
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      <invstOrSec>
        <name>GNMA II P#MA3937 3.5% 09/20/46</name>
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      <invstOrSec>
        <name>FGLMC P#U90841 3.5% 02/01/43</name>
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      <invstOrSec>
        <name>GNMA II P#MA8201 4.5% 08/20/52</name>
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        <valUSD>425178.82000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DOMINION ENERGY I V/R 05/15/55</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>DOMINION ENERGY INC REGD V/R 6.62500000</title>
        <cusip>25746UDV8</cusip>
        <identifiers>
          <isin value="US25746UDV89"/>
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        <balance>1405000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1443075.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>6297782 LLC 5.026% 10/01/29</name>
        <lei>N/A</lei>
        <title>6297782 LLC REGD 144A P/P 5.02600000</title>
        <cusip>83007CAC6</cusip>
        <identifiers>
          <isin value="US83007CAC64"/>
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        <balance>1490000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1478911.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.02600000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AMGEN INC 5.15% 03/02/28</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC REGD 5.15000000</title>
        <cusip>031162DP2</cusip>
        <identifiers>
          <isin value="US031162DP23"/>
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        <balance>171000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173593.62000000</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>2028-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG V/R 05/12/28</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG REGD V/R 144A P/P 4.75100000</title>
        <cusip>902613AP3</cusip>
        <identifiers>
          <isin value="US902613AP31"/>
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        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>498454.27000000</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>2028-05-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.75100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANAPOLIS PWR 5.7% 04/01/54</name>
        <lei>N/A</lei>
        <title>INDIANAPOLIS PWR &amp; LIGHT REGD 144A P/P 5.70000000</title>
        <cusip>455434BW9</cusip>
        <identifiers>
          <isin value="US455434BW94"/>
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        <balance>660000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>683813.89000000</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>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST 4.6% 04/01/38</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST REGD B/E 4.60000000</title>
        <cusip>13063DGE2</cusip>
        <identifiers>
          <isin value="US13063DGE22"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97186.21000000</valUSD>
        <pctVal>0.005224816786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</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>ONEOK INC 6.05% 09/01/33</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 6.05000000</title>
        <cusip>682680BL6</cusip>
        <identifiers>
          <isin value="US682680BL63"/>
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        <balance>165000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173879.53000000</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>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</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>RELX CAPITAL INC 4% 03/18/29</name>
        <lei>N/A</lei>
        <title>RELX CAPITAL INC REGD 4.00000000</title>
        <cusip>74949LAC6</cusip>
        <identifiers>
          <isin value="US74949LAC63"/>
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        <balance>118000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115190.10000000</valUSD>
        <pctVal>0.006192721869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EQUINIX INC 2.5% 05/15/31</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQUINIX INC REGD 2.50000000</title>
        <cusip>29444UBS4</cusip>
        <identifiers>
          <isin value="US29444UBS42"/>
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        <balance>270000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>234685.38000000</valUSD>
        <pctVal>0.012616894031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</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>HUMANA INC 3.95% 03/15/27</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUMANA INC REGD 3.95000000</title>
        <cusip>444859BF8</cusip>
        <identifiers>
          <isin value="US444859BF87"/>
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        <balance>270000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>265540.78000000</valUSD>
        <pctVal>0.014275707683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNR 2013-73 IA 3% 09/25/32</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2013-73 CL IA 3.00000000</title>
        <cusip>3136AFRX4</cusip>
        <identifiers>
          <isin value="US3136AFRX46"/>
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        <balance>19383.35000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>783.25000000</valUSD>
        <pctVal>0.000042108214</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALTRIA GROUP IN 2.35% 05/06/25</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC REGD 2.35000000</title>
        <cusip>02209SBH5</cusip>
        <identifiers>
          <isin value="US02209SBH58"/>
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        <balance>40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39569.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.35000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORD MOTOR COMP 4.75% 01/15/43</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR COMPANY REGD 4.75000000</title>
        <cusip>345370CQ1</cusip>
        <identifiers>
          <isin value="US345370CQ17"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41731.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AON CORP 3.75% 05/02/29</name>
        <lei>N/A</lei>
        <title>AON CORP REGD 3.75000000</title>
        <cusip>037389BC6</cusip>
        <identifiers>
          <isin value="US037389BC65"/>
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        <balance>124000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119449.61000000</valUSD>
        <pctVal>0.006421716902</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>METLIFE INC 5.375% 07/15/33</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC REGD 5.37500000</title>
        <cusip>59156RCE6</cusip>
        <identifiers>
          <isin value="US59156RCE62"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52061.71000000</valUSD>
        <pctVal>0.002798883672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMCAST CORP 4.15% 10/15/28</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 4.15000000</title>
        <cusip>20030NCT6</cusip>
        <identifiers>
          <isin value="US20030NCT63"/>
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        <balance>1720000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1695922.05000000</valUSD>
        <pctVal>0.091174272513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</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>GNMA II P#MA6930 2% 10/20/50</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA6930 2.00000000</title>
        <cusip>36179VVX5</cusip>
        <identifiers>
          <isin value="US36179VVX53"/>
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        <balance>683844.57000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>563044.77000000</valUSD>
        <pctVal>0.030269785864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CAS 2020-R01 1B1 V/R 01/25/40</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSMC 2020-NET 2.815% 08/15/25</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BP CAP MARKETS 2.772% 11/10/50</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UNITED PARCEL SE 3.4% 09/01/49</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HOME DEPOT INC 3.625% 04/15/52</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGLMC P#G08795 3% 01/01/48</name>
        <lei>N/A</lei>
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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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          <couponKind>Fixed</couponKind>
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        <name>FHR 5274 IO 2.5% 01/25/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 5274 CL IO 2.50000000</title>
        <cusip>3137H9F46</cusip>
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          <isin value="US3137H9F465"/>
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        <valUSD>103901.64000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FS7170 2% 08/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS7170 2.00000000</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PG&amp;E RECOVERY  5.231% 06/01/42</name>
        <lei>N/A</lei>
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        <cusip>71710TAH1</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA6157 5% 09/20/49</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA6157 5.00000000</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>KINDER MORGAN I 5.45% 08/01/52</name>
        <lei>549300WR7IX8XE0TBO16</lei>
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        <cusip>49456BAW1</cusip>
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        <name>SOUTHERN CALIF  5.75% 06/01/53</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>COOPERATIEVE RABO V/R 04/06/33</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <name>CAPITAL ONE FIN 3.75% 07/28/26</name>
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        <name>LLOYDS BANKING GROU V/R /PERP/</name>
        <lei>549300PPXHEU2JF0AM85</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RCMT 2021-FL7 A V/R 09/25/26</name>
        <lei>N/A</lei>
        <title>READY CAPITAL MORTGAGE FINANCING 20 SER 2021-FL7 CL A V/R REGD 144A P/P 5.90219000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CREDIT AGRICOLE L V/R 06/16/26</name>
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          <isin value="US22535WAG24"/>
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        <valUSD>491627.26000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF NOVA SC 1.95% 02/02/27</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#QE0312 2% 04/01/52</name>
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          <isin value="US3133B9KZ64"/>
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        <valUSD>1044734.79000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>P/O US 10YR FUT OPTN MAR25 108</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYH5P 108"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12796.88000000</valUSD>
        <pctVal>-0.00068797161</pctVal>
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        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>WESTERN</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>P/O US 10YR FUT OPTN MAR25 108</issuerName>
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            <delta>XXXX</delta>
            <unrealizedAppr>21104.40000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASTRAZENECA PL 4.375% 08/17/48</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC REGD 4.37500000</title>
        <cusip>046353AU2</cusip>
        <identifiers>
          <isin value="US046353AU26"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22338.09000000</valUSD>
        <pctVal>0.001200915516</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>AMAZON.COM INC 3.1% 05/12/51</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 3.10000000</title>
        <cusip>023135CB0</cusip>
        <identifiers>
          <isin value="US023135CB05"/>
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        <balance>75000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53375.13000000</valUSD>
        <pctVal>0.002869494295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</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>UMBS P#SD2866 4% 07/01/49</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD2866 4.00000000</title>
        <cusip>3132DQFF8</cusip>
        <identifiers>
          <isin value="US3132DQFF81"/>
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        <balance>86538.50000000</balance>
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        <valUSD>82176.38000000</valUSD>
        <pctVal>0.004417875022</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HILTON DOMESTI 6.125% 04/01/32</name>
        <lei>N/A</lei>
        <title>HILTON DOMESTIC OPERATIN REGD 144A P/P 6.12500000</title>
        <cusip>432833AQ4</cusip>
        <identifiers>
          <isin value="US432833AQ40"/>
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        <balance>160000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161699.20000000</valUSD>
        <pctVal>0.008693092306</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA8427 4.5% 11/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8427 4.50000000</title>
        <cusip>36179XLG9</cusip>
        <identifiers>
          <isin value="US36179XLG96"/>
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        <balance>453754.06000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>438681.21000000</valUSD>
        <pctVal>0.023583890655</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRUDENTIAL FIN 3.878% 03/27/28</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC REGD MTN 3.87800000</title>
        <cusip>74432QCC7</cusip>
        <identifiers>
          <isin value="US74432QCC78"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24524.18000000</valUSD>
        <pctVal>0.001318441652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>JOHNSON &amp; JOHNS 2.45% 09/01/60</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>JOHNSON &amp; JOHNSON REGD 2.45000000</title>
        <cusip>478160CT9</cusip>
        <identifiers>
          <isin value="US478160CT90"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14728.94000000</valUSD>
        <pctVal>0.000791840868</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UMBS P#995203 5% 07/01/35</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#995203 5.00000000</title>
        <cusip>31416BRY6</cusip>
        <identifiers>
          <isin value="US31416BRY64"/>
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        <balance>9309.34000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9384.72000000</valUSD>
        <pctVal>0.000504530864</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 10/24/29</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC REGD V/R 6.48400000</title>
        <cusip>38141GA46</cusip>
        <identifiers>
          <isin value="US38141GA468"/>
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        <balance>374000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>395791.67000000</valUSD>
        <pctVal>0.021278110971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-24</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOEING CO/THE 6.528% 05/01/34</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO/THE REGD 144A P/P 6.52800000</title>
        <cusip>097023DL6</cusip>
        <identifiers>
          <isin value="US097023DL68"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53189.77000000</valUSD>
        <pctVal>0.002859529177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.52800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMCAST CORP 2.65% 08/15/62</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 2.65000000</title>
        <cusip>20030NDQ1</cusip>
        <identifiers>
          <isin value="US20030NDQ16"/>
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        <balance>79000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44783.44000000</valUSD>
        <pctVal>0.002407597426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</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>WALT DISNEY COMP 6.4% 12/15/35</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>WALT DISNEY COMPANY/THE REGD SER WI 6.40000000</title>
        <cusip>254687EB8</cusip>
        <identifiers>
          <isin value="US254687EB89"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28182.80000000</valUSD>
        <pctVal>0.001515132306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GNMA II P#MA5020 4% 02/20/48</name>
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      <invstOrSec>
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        <name>DISCOVER FINANCI 4.1% 02/09/27</name>
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        <name>CARVL 2024-3A A1 V/R 10/20/37</name>
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        <name>UMBS P#SD8428 4% 05/01/54</name>
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        <name>N/A</name>
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        <name>COMCAST CORP 3.999% 11/01/49</name>
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        <name>FLORIDA POWER &amp; 5.65% 02/01/37</name>
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        <name>FHMS K104 XAM V/R 01/25/30</name>
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        <lei>QEKMOTMBBKA8I816DO57</lei>
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        <name>KRAFT HEINZ FO 4.375% 06/01/46</name>
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        <name>FEDEX CORP 4.55% 04/01/46</name>
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        <name>COREBRIDGE FINANC V/R 12/15/52</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC REGD V/R SER WI 6.87500000</title>
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        <balance>25000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#RB5110 1.5% 05/01/41</name>
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        <name>GNR 2015-167 OI 4% 04/16/45</name>
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      <invstOrSec>
        <name>UMBS P#FM3123 2.5% 03/01/38</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA5876 4% 04/20/49</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CSX CORP 3.95% 05/01/50</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA4720 4% 09/20/47</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4720 4.00000000</title>
        <cusip>36179TG58</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>317062.95000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>METLIFE INC 6.375% 06/15/34</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC REGD 6.37500000</title>
        <cusip>59156RAJ7</cusip>
        <identifiers>
          <isin value="US59156RAJ77"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27629.62000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NUCOR CORP 2.979% 12/15/55</name>
        <lei>549300GGJCRSI2TIEJ46</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NISSAN MOTOR C 4.345% 09/17/27</name>
        <lei>353800DRBDH1LUTNAY26</lei>
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        <cusip>654744AC5</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>847689.34000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#CB2488 1.5% 12/01/36</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CB2488 1.50000000</title>
        <cusip>3140QMXS8</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRPM 2022-NQM1 A V/R 09/25/26</name>
        <lei>N/A</lei>
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        <name>MOTOROLA SOLUTIO 5.6% 06/01/32</name>
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        <issuerCat>CORP</issuerCat>
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        <name>REPUBLIC OF PA 3.298% 01/19/33</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PANAMA REGD 3.29800000</title>
        <cusip>698299BR4</cusip>
        <identifiers>
          <isin value="US698299BR41"/>
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        <curCd>USD</curCd>
        <valUSD>519295.78000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>IBRD 4% 07/25/30</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
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        <cusip>459058KU6</cusip>
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          <isin value="US459058KU68"/>
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        <valUSD>99049.50000000</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>EPR PROPERTIES 3.75% 08/15/29</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR PROPERTIES REGD 3.75000000</title>
        <cusip>26884UAF6</cusip>
        <identifiers>
          <isin value="US26884UAF66"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>953543.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AD0836 5.5% 11/01/28</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AD0836 5.50000000</title>
        <cusip>31418M4W9</cusip>
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          <isin value="US31418M4W92"/>
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          <couponKind>Fixed</couponKind>
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        <name>SIMON PROPERTY G 3.3% 01/15/26</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP LP REGD 3.30000000</title>
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          <isin value="US828807CW58"/>
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        <curCd>USD</curCd>
        <valUSD>24647.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#786216 3.5% 06/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#786216 3.50000000</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMCAST CORP 2.8% 01/15/51</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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      <invstOrSec>
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        <name>JPMCC 2021-MHC D V/R 04/15/26</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#MA4333 2% 05/01/41</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4333 2.00000000</title>
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        <name>UMBS P#MA3088 4% 08/01/47</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>BLUE RACER MID  7.25% 07/15/32</name>
        <lei>N/A</lei>
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      <invstOrSec>
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        <name>GENERAL MOTORS  5.95% 04/04/34</name>
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      <invstOrSec>
        <name>UMBS P#MA4869 5.5% 01/01/53</name>
        <lei>N/A</lei>
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        <name>MICRON TECHNOL 4.185% 02/15/27</name>
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      <invstOrSec>
        <name>UMBS P#CA2208 4.5% 08/01/48</name>
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        <name>PHILIP MORRIS IN 2.1% 05/01/30</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <name>MEDTRONIC INC 4.625% 03/15/45</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UNITEDHEALTH G 3.125% 05/15/60</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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      <invstOrSec>
        <name>UMBS P#FM8577 3% 08/01/51</name>
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        <name>UMBS P#MA4603 2.5% 05/01/37</name>
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        <issuerCat>UST</issuerCat>
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        <name>CITIGROUP INC V/R 05/24/28</name>
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        <name>FHLMC P#841076 V/R 11/01/48</name>
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        <name>UMBS P#QF3730 5% 11/01/52</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UMBS P#BM2006 4% 01/01/48</name>
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        <name>ENERGY TRANSFER  5.8% 06/15/38</name>
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        <name>GNR 2022-196 BE V/R 10/16/64</name>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA4571 2.5% 03/01/42</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHELL FINANCE  4.375% 05/11/45</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA P#AB2892 3% 09/15/42</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX 2023-NQM7 A1 V/R 09/25/27</name>
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        <cusip>67117XAA4</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>OTIS WORLDWIDE 2.056% 04/05/25</name>
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        <cusip>68902VAH0</cusip>
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          <isin value="US68902VAH06"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>BLACKSTONE PRI 2.625% 12/15/26</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>UMBS P#BS5676 3.87% 05/01/37</name>
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        <title>FANNIE MAE POOL UMBS P#BS5676 3.87000000</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHRR R007 ZA 6% 05/15/36</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REFERENCE REMIC SER R007 CL ZA 6.00000000</title>
        <cusip>31396NRF5</cusip>
        <identifiers>
          <isin value="US31396NRF59"/>
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        <balance>30481.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31546.57000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>RANGE RESOURCE 4.875% 05/15/25</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>RANGE RESOURCES CORP REGD 4.87500000</title>
        <cusip>75281AAS8</cusip>
        <identifiers>
          <isin value="US75281AAS87"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49923.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
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      <invstOrSec>
        <name>US TREAS NTS 4.25% 11/15/34</name>
        <lei>N/A</lei>
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        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>8408580.51000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UBS GROUP AG V/R /PERP/</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG REGD V/R /PERP/ 144A P/P 4.87500000</title>
        <cusip>902613AJ7</cusip>
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          <isin value="US902613AJ70"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237281.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2173-08-12</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>MID-AMERICA APARTM 5% 03/15/34</name>
        <lei>N/A</lei>
        <title>MID-AMERICA APARTMENTS REGD 5.00000000</title>
        <cusip>59523UAV9</cusip>
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          <isin value="US59523UAV98"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#785762 2.5% 11/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#785762 2.50000000</title>
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        <identifiers>
          <isin value="US3622ABJF01"/>
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        <balance>77838.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66040.61000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-20</maturityDt>
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      <invstOrSec>
        <name>PIONEER NATURAL  1.9% 08/15/30</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
        <title>PIONEER NATURAL RESOURCE REGD 1.90000000</title>
        <cusip>723787AQ0</cusip>
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          <isin value="US723787AQ06"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TENNET HOL 4.75% 10/28/42/EUR/</name>
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        <cusip>N85094UL7</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GLP CAPITAL LP / 5.3% 01/15/29</name>
        <lei>N/A</lei>
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          <isin value="US361841AL38"/>
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        <balance>187000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187267.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FGLMC P#Q41209 3.5% 06/01/46</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#Q41209 3.50000000</title>
        <cusip>3132WEKX9</cusip>
        <identifiers>
          <isin value="US3132WEKX91"/>
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        <balance>40425.65000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37391.24000000</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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      <invstOrSec>
        <name>COMCAST CORP 6.5% 11/15/35</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#SD3642 6% 09/01/53</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FISERV INC 2.65% 06/01/30</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NNN REIT INC 3.1% 04/15/50</name>
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      <invstOrSec>
        <name>UDR INC 3% 08/15/31</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNR 2022-86 IO 2.5% 05/25/50</name>
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        <name>SHR 2024-LXRY A V/R 10/15/26</name>
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      <invstOrSec>
        <name>UMBS P#AL7430 3.5% 08/01/30</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AL6175 3.5% 01/01/44</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANK OF NOVA SCO 2.7% 08/03/26</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#AO2711 4% 05/01/42</name>
        <lei>N/A</lei>
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        <name>CAMELOT RETURN  8.75% 08/01/28</name>
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          <isin value="US13323NAA00"/>
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        <name>VERIZON COMMUNIC 3.4% 03/22/41</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <name>AON CORP 2.8% 05/15/30</name>
        <lei>N/A</lei>
        <title>AON CORP REGD 2.80000000</title>
        <cusip>037389BE2</cusip>
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          <isin value="US037389BE22"/>
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        <balance>288000.00000000</balance>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>DIGITAL I 0.625% 07/15/31/EUR/</name>
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          <isin value="XS2280835260"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ELI LILLY &amp; CO 4.875% 02/27/53</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <cusip>532457CG1</cusip>
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          <isin value="US532457CG18"/>
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        <balance>25000.00000000</balance>
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        <valUSD>23969.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>BANK OF AMERICA 4.25% 10/22/26</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP REGD MTN 4.25000000</title>
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          <isin value="US06051GFL86"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118983.22000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RTX CORP 6% 03/15/31</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMGEN INC 2.45% 02/21/30</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
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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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      <invstOrSec>
        <name>HONEYWELL INTER 5.25% 03/01/54</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
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        <cusip>438516CT1</cusip>
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          <isin value="US438516CT12"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>GNMA II P#785821 2.5% 12/20/51</name>
        <lei>N/A</lei>
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        <identifiers>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>CREDIT SUISSE  7.125% 07/15/32</name>
        <lei>N/A</lei>
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          <isin value="US22541LAE39"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ROYAL BANK OF CA 1.4% 11/02/26</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>ROYAL BANK OF CANADA REGD MTN SER GMTN 1.40000000</title>
        <cusip>78016EZZ3</cusip>
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          <isin value="US78016EZZ32"/>
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        <curCd>USD</curCd>
        <valUSD>94408.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-MOBILE USA I 2.625% 02/15/29</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD 2.62500000</title>
        <cusip>87264ABS3</cusip>
        <identifiers>
          <isin value="US87264ABS33"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101011.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GRADE 2023-FIG3  V/R 08/25/53</name>
        <lei>N/A</lei>
        <title>SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2023-FIG3 SER 2023-FIG3 CL A V/R REGD 144A 7.06700000</title>
        <cusip>79582AAA5</cusip>
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          <isin value="US79582AAA51"/>
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        <balance>1398879.82000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1434444.24000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ERP OPERATING L 4.15% 12/01/28</name>
        <lei>N/A</lei>
        <title>ERP OPERATING LP REGD 4.15000000</title>
        <cusip>26884ABK8</cusip>
        <identifiers>
          <isin value="US26884ABK88"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24667.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>WELLS FARGO &amp;  5.375% 11/02/43</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD 5.37500000</title>
        <cusip>94974BFP0</cusip>
        <identifiers>
          <isin value="US94974BFP04"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195316.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FGLMC P#A96286 4% 01/01/41</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#A96286 4.00000000</title>
        <cusip>3129446X4</cusip>
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          <isin value="US3129446X47"/>
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        <curCd>USD</curCd>
        <valUSD>15542.26000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>AVALONBAY COMMUNIT 5% 02/15/33</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AVALONBAY COMMUNITIES REGD 5.00000000</title>
        <cusip>053484AD3</cusip>
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          <isin value="US053484AD33"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25229.97000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SOLRR 2021-1  3.432% 09/15/28</name>
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        <title>LUNAR 2021-1 STRUCTURED AIRCRAFT PORTFOLIO NOTES SER 2021-1 CL B REGD 144A P/P 3.43200000</title>
        <cusip>83438LAB7</cusip>
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          <isin value="US83438LAB71"/>
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        <curCd>USD</curCd>
        <valUSD>206451.49000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO 3.95% 03/15/49</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; CO REGD 3.95000000</title>
        <cusip>532457BT4</cusip>
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          <isin value="US532457BT48"/>
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        <valUSD>20866.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VERIZON COMMUNIC 5.5% 03/16/47</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 5.50000000</title>
        <cusip>92343VDV3</cusip>
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          <isin value="US92343VDV36"/>
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        <valUSD>20541.47000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CITIGROUP INC 4.3% 11/20/26</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD 4.30000000</title>
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          <isin value="US172967JC62"/>
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        <balance>890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>882747.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FEDEX CORP 4.75% 11/15/45</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FEDEX CORP REGD 4.75000000</title>
        <cusip>31428XBE5</cusip>
        <identifiers>
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        <name>PECO ENERGY CO 4.6% 05/15/52</name>
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        <name>RIAL 2022-FL8 D V/R 01/19/37</name>
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          <couponKind>Fixed</couponKind>
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        <name>INTERCONTINENTA 4.35% 06/15/29</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#786843 3% 03/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#786843 3.00000000</title>
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          <isin value="US3622ACP460"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELEVANCE HEALTH  3.6% 03/15/51</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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        <cusip>036752AS2</cusip>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#MA3657 3% 05/01/34</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA3657 3.00000000</title>
        <cusip>31418DB35</cusip>
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          <isin value="US31418DB355"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
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      <invstOrSec>
        <name>CHEVRON USA IN 2.343% 08/12/50</name>
        <lei>N/A</lei>
        <title>CHEVRON USA INC REGD 2.34300000</title>
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        <identifiers>
          <isin value="US166756AH97"/>
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        <curCd>USD</curCd>
        <valUSD>15069.92000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-12</maturityDt>
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      <invstOrSec>
        <name>EATON CORP 4.7% 08/23/52</name>
        <lei>N/A</lei>
        <title>EATON CORP REGD 4.70000000</title>
        <cusip>278062AJ3</cusip>
        <identifiers>
          <isin value="US278062AJ30"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FS0735 3% 01/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS0735 3.00000000</title>
        <cusip>3140XFY96</cusip>
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        <curCd>USD</curCd>
        <valUSD>783082.46000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SOUTHERN CAL ED 3.65% 06/01/51</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US842400HF31"/>
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        <curCd>USD</curCd>
        <valUSD>45275.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALTRIA GROUP IN 2.45% 02/04/32</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC REGD 2.45000000</title>
        <cusip>02209SBL6</cusip>
        <identifiers>
          <isin value="US02209SBL60"/>
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        <balance>1290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1083111.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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      <invstOrSec>
        <name>KINROSS GOLD CO 6.25% 07/15/33</name>
        <lei>549300UEBMAQDN0K0R06</lei>
        <title>KINROSS GOLD CORP REGD 6.25000000</title>
        <cusip>496902AT4</cusip>
        <identifiers>
          <isin value="US496902AT48"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26549.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>US TREAS BDS 2% 8/15/51</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.00000000</title>
        <cusip>912810SZ2</cusip>
        <identifiers>
          <isin value="US912810SZ21"/>
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        <balance>3310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2041920.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>US TREAS NTS 2.875% 05/15/32</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 2.87500000</title>
        <cusip>91282CEP2</cusip>
        <identifiers>
          <isin value="US91282CEP23"/>
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        <curCd>USD</curCd>
        <valUSD>248051.95000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AESOP 2024-1A  6.48% 06/20/29</name>
        <lei>N/A</lei>
        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2024-1A CL C REGD 144A P/P 6.48000000</title>
        <cusip>05377RJA3</cusip>
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          <isin value="US05377RJA32"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.48000000</annualizedRt>
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        <name>REPUBLIC OF CHIL 3.5% 01/25/50</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF CHILE REGD 3.50000000</title>
        <cusip>168863DL9</cusip>
        <identifiers>
          <isin value="US168863DL94"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147817.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>WELLS FARGO &amp; COM V/R 07/25/34</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R MTN 5.55700000</title>
        <cusip>95000U3F8</cusip>
        <identifiers>
          <isin value="US95000U3F88"/>
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        <balance>1263000.00000000</balance>
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        <valUSD>1295799.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#MA4784 4.5% 10/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4784 4.50000000</title>
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          <couponKind>Fixed</couponKind>
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        <name>PLAINS ALL AMER  4.5% 12/15/26</name>
        <lei>N/A</lei>
        <title>PLAINS ALL AMER PIPELINE REGD 4.50000000</title>
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          <isin value="US72650RBL50"/>
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        <valUSD>249262.30000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WELLS FARGO &amp; COM V/R 04/25/53</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R MTN 4.61100000</title>
        <cusip>95000U2Z5</cusip>
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          <isin value="US95000U2Z51"/>
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        <balance>200000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMP 3% 10/23/26</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DUKE ENERGY FLOR 6.4% 06/15/38</name>
        <lei>N/A</lei>
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          <isin value="US341099CL11"/>
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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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARVELL TECHNOL 5.75% 02/15/29</name>
        <lei>N/A</lei>
        <title>MARVELL TECHNOLOGY INC REGD 5.75000000</title>
        <cusip>573874AP9</cusip>
        <identifiers>
          <isin value="US573874AP91"/>
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        <curCd>USD</curCd>
        <valUSD>25829.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 10/22/27</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PDW3</cusip>
        <identifiers>
          <isin value="US46647PDW32"/>
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        <balance>464000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>475181.37000000</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>2027-10-22</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC V/R 03/09/44</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <cusip>404280DW6</cusip>
        <identifiers>
          <isin value="US404280DW61"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>218978.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.33200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PPL ELECTRIC UT 4.85% 02/15/34</name>
        <lei>N/A</lei>
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        <cusip>69351UBC6</cusip>
        <identifiers>
          <isin value="US69351UBC62"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25080.10000000</valUSD>
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        <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>4.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MMAF 2024-A A4 5.1% 07/13/49</name>
        <lei>N/A</lei>
        <title>MMAF EQUIPMENT FINANCE LLC 2024-A SER 2024-A CL A4 REGD 144A P/P 5.10000000</title>
        <cusip>55318CAD6</cusip>
        <identifiers>
          <isin value="US55318CAD65"/>
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        <balance>530000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>539137.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LCM 14A BR V/R 07/20/31</name>
        <lei>N/A</lei>
        <title>LCM XIV LP SER 14A CL BR V/R REGD 144A P/P 6.45901000</title>
        <cusip>50184VAS3</cusip>
        <identifiers>
          <isin value="US50184VAS34"/>
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        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1003739.00000000</valUSD>
        <pctVal>0.053961898259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.45901000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NATWEST MARKETS  1.6% 09/29/26</name>
        <lei>N/A</lei>
        <title>NATWEST MARKETS PLC REGD 144A P/P 1.60000000</title>
        <cusip>63906YAD0</cusip>
        <identifiers>
          <isin value="US63906YAD04"/>
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        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>946689.03000000</valUSD>
        <pctVal>0.050894841308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BP CAP MARKETS 2.939% 06/04/51</name>
        <lei>N/A</lei>
        <title>BP CAP MARKETS AMERICA REGD 2.93900000</title>
        <cusip>10373QBP4</cusip>
        <identifiers>
          <isin value="US10373QBP46"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65879.24000000</valUSD>
        <pctVal>0.003541726331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.93900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>EQUINIX INC 1.55% 03/15/28</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQUINIX INC REGD 1.55000000</title>
        <cusip>29444UBL9</cusip>
        <identifiers>
          <isin value="US29444UBL98"/>
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        <balance>130000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117790.61000000</valUSD>
        <pctVal>0.006332527592</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>HEALTHPEAK OP  2.875% 01/15/31</name>
        <lei>N/A</lei>
        <title>HEALTHPEAK OP LLC REGD 2.87500000</title>
        <cusip>42250PAB9</cusip>
        <identifiers>
          <isin value="US42250PAB94"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22466.67000000</valUSD>
        <pctVal>0.001207828091</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WELLTOWER OP LL 2.05% 01/15/29</name>
        <lei>N/A</lei>
        <title>WELLTOWER OP LLC REGD 2.05000000</title>
        <cusip>95040QAN4</cusip>
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          <isin value="US95040QAN43"/>
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        <balance>25000.00000000</balance>
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        <pctVal>0.001210181205</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GENERAL MOTORS 6.125% 10/01/25</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO REGD 6.12500000</title>
        <cusip>37045VAV2</cusip>
        <identifiers>
          <isin value="US37045VAV27"/>
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        <balance>330000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS P#BD2455 3% 01/01/47</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BD2455 3.00000000</title>
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          <isin value="US3140F9WR25"/>
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        <curCd>USD</curCd>
        <valUSD>142898.80000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BAT CAPITAL CO 4.758% 09/06/49</name>
        <lei>N/A</lei>
        <title>BAT CAPITAL CORP REGD 4.75800000</title>
        <cusip>05526DBK0</cusip>
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          <isin value="US05526DBK00"/>
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        <balance>681000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>579765.72000000</valUSD>
        <pctVal>0.031168718956</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-06</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#CA0684 3.5% 11/01/47</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA0684 3.50000000</title>
        <cusip>3140Q7XN2</cusip>
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          <isin value="US3140Q7XN27"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>APPLE INC 2.8% 02/08/61</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED GROU 6.5% 10/31/31/EUR/</name>
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        <cusip>N/A</cusip>
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          <isin value="XS2919880919"/>
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      <invstOrSec>
        <name>UMBS P#FS2061 4% 06/01/52</name>
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        <name>UNITED MEXICAN S 4.5% 04/22/29</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SHELL FINANCE U 3.75% 09/12/46</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS NTS 4.625% 05/31/31</name>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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          <isin value="US931142EC31"/>
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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>UNUM GROUP 4.125% 06/15/51</name>
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        <name>VENTURE GLOBAL LNG 7% 01/15/30</name>
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        <name>ABBSL 2023-4A A V/R 04/20/36</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 05/01/29</name>
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        <valUSD>2448001.29000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 09/15/34</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN DIEGO G &amp; E 5.35% 04/01/53</name>
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        <curCd>USD</curCd>
        <valUSD>120120.67000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>VISTAJET MALTA/V 9.5% 06/01/28</name>
        <lei>N/A</lei>
        <title>VISTAJET MALTA/VM HOLDS REGD 144A P/P 9.50000000</title>
        <cusip>92841HAA0</cusip>
        <identifiers>
          <isin value="US92841HAA05"/>
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        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>500874.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MT</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CVS HEALTH COR 4.125% 04/01/40</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP REGD 4.12500000</title>
        <cusip>126650DK3</cusip>
        <identifiers>
          <isin value="US126650DK33"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41434.74000000</valUSD>
        <pctVal>0.002227568346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#MA1363 3% 02/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA1363 3.00000000</title>
        <cusip>31418AQR2</cusip>
        <identifiers>
          <isin value="US31418AQR22"/>
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        <balance>83515.43000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75893.14000000</valUSD>
        <pctVal>0.004080082470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>COMM 2014-CR21 C V/R 12/10/24</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE21 MORTGAGE TRUST SER 2014-CR21 CL C V/R REGD 4.58771300</title>
        <cusip>12592RBM0</cusip>
        <identifiers>
          <isin value="US12592RBM07"/>
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        <balance>210000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208360.74000000</valUSD>
        <pctVal>0.011201658053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.58771300</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#AL3650 5% 02/01/41</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AL3650 5.00000000</title>
        <cusip>3138ELBU6</cusip>
        <identifiers>
          <isin value="US3138ELBU68"/>
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        <balance>94817.35000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>96027.56000000</valUSD>
        <pctVal>0.005162526735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>LOWE'S COS INC 4.5% 04/15/30</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE'S COS INC REGD 4.50000000</title>
        <cusip>548661DU8</cusip>
        <identifiers>
          <isin value="US548661DU82"/>
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        <balance>70000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69355.56000000</valUSD>
        <pctVal>0.003728616375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>CAS 2023-R05 1M2 V/R 06/25/43</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2023-R05 SER 2023-R05 CL 1M2 V/R REGD 144A P/P 7.82533000</title>
        <cusip>207942AB9</cusip>
        <identifiers>
          <isin value="US207942AB90"/>
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        <balance>1220000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1280177.72000000</valUSD>
        <pctVal>0.068823488855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.82533000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHARTER COMM OPT 6.1% 06/01/29</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD 6.10000000</title>
        <cusip>161175CQ5</cusip>
        <identifiers>
          <isin value="US161175CQ56"/>
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        <balance>1425000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1466466.17000000</valUSD>
        <pctVal>0.078838521036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</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>PHILIP MORRIS  6.375% 05/16/38</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL INC REGD 6.37500000</title>
        <cusip>718172AC3</cusip>
        <identifiers>
          <isin value="US718172AC39"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27773.95000000</valUSD>
        <pctVal>0.001493152168</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA II P#MA5078 4% 03/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5078 4.00000000</title>
        <cusip>36179TUB9</cusip>
        <identifiers>
          <isin value="US36179TUB96"/>
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        <balance>136950.38000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130531.04000000</valUSD>
        <pctVal>0.007017464400</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FS4805 5.5% 05/01/53</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS4805 5.50000000</title>
        <cusip>3140XLKT4</cusip>
        <identifiers>
          <isin value="US3140XLKT48"/>
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        <balance>179610.72000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179717.48000000</valUSD>
        <pctVal>0.009661771009</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRINCIPAL FINA 2.125% 06/15/30</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>PRINCIPAL FINANCIAL GRP REGD 2.12500000</title>
        <cusip>74251VAS1</cusip>
        <identifiers>
          <isin value="US74251VAS16"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21897.04000000</valUSD>
        <pctVal>0.001177204277</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</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>UMBS P#AS8487 3% 12/01/46</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AS8487 3.00000000</title>
        <cusip>3138WJND6</cusip>
        <identifiers>
          <isin value="US3138WJND67"/>
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        <balance>252909.36000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>225704.37000000</valUSD>
        <pctVal>0.012134066974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA3276 3.5% 02/01/48</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA3521 3.5% 03/20/46</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA3521 3.50000000</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#FS0583 2.5% 02/01/52</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>F/C EURO-BUND FUTURE  DEC24</name>
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          <ticker value="RXZ4 XEUR"/>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>J.P. MORGAN SEC'S - FIXED INC.</counterpartyName>
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      <invstOrSec>
        <name>AT&amp;T INC 4.5% 03/09/48</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <cusip>00206RDJ8</cusip>
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          <isin value="US00206RDJ86"/>
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        <curCd>USD</curCd>
        <valUSD>207425.91000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA3444 4.5% 08/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA3444 4.50000000</title>
        <cusip>31418CZJ6</cusip>
        <identifiers>
          <isin value="US31418CZJ60"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MEX BONOS  7.75% 11/23/34/MXN/</name>
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        <cusip>P4R07XEY8</cusip>
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        <issuerCat>USGA</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T/L SETANTA AIR 0% 11/05/28</name>
        <lei>N/A</lei>
        <title>T/L SETANTA AIRCRAFT LEASING   DESIGNATED ACTVITY COMPANY     REGD 0.00000000</title>
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        <curCd>USD</curCd>
        <valUSD>201340.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>PUBLIC SERVICE E 4.9% 12/15/32</name>
        <lei>N/A</lei>
        <title>PUBLIC SERVICE ELECTRIC REGD MTN 4.90000000</title>
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        <identifiers>
          <isin value="US74456QCK04"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187783.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHARLES SCHWAB COR 2% 03/20/28</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>CHARLES SCHWAB CORP REGD 2.00000000</title>
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        <curCd>USD</curCd>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>GEORGIA POWER  5.004% 02/23/27</name>
        <lei>N/A</lei>
        <title>GEORGIA POWER CO REGD 5.00400000</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NAVSL 2017-3A A3 V/R 09/25/29</name>
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        <title>NAVIENT STUDENT LOAN TRUST 2017-3 SER 2017-3A CL A3 V/R 144A P/P 5.89851000</title>
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      <invstOrSec>
        <name>BP CAP MARKETS 3.633% 04/06/30</name>
        <lei>N/A</lei>
        <title>BP CAP MARKETS AMERICA REGD 3.63300000</title>
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          <couponKind>Fixed</couponKind>
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          <isin value="US716973AB84"/>
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        <valUSD>199889.53000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA P#731669 5% 09/15/40</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#731669 5.00000000</title>
        <cusip>3620AJ2A6</cusip>
        <identifiers>
          <isin value="US3620AJ2A62"/>
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      <invstOrSec>
        <name>ROGERS COMMUNICA 3.2% 03/15/27</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>ROGERS COMMUNICATIONS IN REGD 3.20000000</title>
        <cusip>775109CG4</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96694.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENTERPRISE PROD 4.15% 10/16/28</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 4.15000000</title>
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        <balance>660000.00000000</balance>
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      <invstOrSec>
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      <invstOrSec>
        <name>MPLX LP 4.95% 03/14/52</name>
        <lei>N/A</lei>
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        <name>GNR 2014-H20 FA V/R 10/20/64</name>
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      <invstOrSec>
        <name>AEP TRANSMISSION 4.5% 06/15/52</name>
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        <name>BANCO SANTANDER M V/R 10/01/28</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>US BANCORP V/R 02/01/34</name>
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      <invstOrSec>
        <name>UMBS P#FS0240 3% 01/01/52</name>
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      <invstOrSec>
        <name>UMBS P#RJ0707 6.5% 01/01/54</name>
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      <invstOrSec>
        <name>UMBS P#SD0618 3% 02/01/51</name>
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      <invstOrSec>
        <name>KINDER MORGAN IN 3.6% 02/15/51</name>
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        <name>UMBS P#QC0161 2% 03/01/51</name>
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        <name>DUKE ENERGY FLOR 2.5% 12/01/29</name>
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      <invstOrSec>
        <name>BERKSHIRE HATHAW 4.4% 05/15/42</name>
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        <name>GNMA TBA 30 UR 2.5% DEC 24</name>
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      <invstOrSec>
        <name>GNMA II P#MA4261 3% 02/20/47</name>
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      <invstOrSec>
        <name>DEERE &amp; COMPANY 3.75% 04/15/50</name>
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        <cusip>244199BK0</cusip>
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        <name>CROWN CASTLE INC 2.5% 07/15/31</name>
        <lei>54930012H97VSM0I2R19</lei>
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        <cusip>22822VAY7</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>MDC HOLDINGS INC 6% 01/15/43</name>
        <lei>5299005FV4VNV75R8R35</lei>
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          <isin value="US552676AQ11"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#784825 3.5% 10/20/49</name>
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        <name>GNR 2016-84 IG 4.5% 11/16/45</name>
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        <name>GOLDMAN SACHS G 3.85% 01/26/27</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <name>FNMA P#843997 V/R 11/1/35</name>
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        <name>KNDR 2021-KIND A V/R 08/15/38</name>
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      <invstOrSec>
        <name>SIMON PROPERTY  2.65% 02/01/32</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STATE STREET CORP V/R 11/21/29</name>
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        <name>UMBS P#BM4304 3% 02/01/30</name>
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        <name>IBM CORP 4% 06/20/42</name>
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        <name>AT&amp;T INC 5.55% 08/15/41</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <cusip>00206RBA9</cusip>
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        <name>OCCIDENTAL PETR 5.55% 10/01/34</name>
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        <name>GNMA II P#MA8487 3.5% 12/20/52</name>
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        <name>UMBS P#SD0745 2% 11/01/51</name>
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        <name>WESTPAC BANKING 3.35% 03/08/27</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <name>UMBS P#AL2499 4.5% 01/01/42</name>
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        <title>FANNIE MAE POOL UMBS P#AL2499 4.50000000</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BNP PARIBAS V/R /PERP/</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <cusip>05565AM34</cusip>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>926837.10000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DTE ELECTRIC CO 3.25% 04/01/51</name>
        <lei>N/A</lei>
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          <isin value="US23338VAP13"/>
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        <curCd>USD</curCd>
        <valUSD>130568.93000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS BDS 3.125% 02/15/43</name>
        <lei>N/A</lei>
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          <isin value="US912810QZ49"/>
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        <curCd>USD</curCd>
        <valUSD>83125.00000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOYOTA MOTOR CR 5.55% 11/20/30</name>
        <lei>N/A</lei>
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        <cusip>89236TLE3</cusip>
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          <isin value="US89236TLE37"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104197.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MARSH &amp; MCLENNAN 5.7% 09/15/53</name>
        <lei>549300XMP3KDCKJXIU47</lei>
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        <cusip>571748BV3</cusip>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26437.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHENIERE ENERGY  4.5% 10/01/29</name>
        <lei>5493005UEC8AZ34LDV29</lei>
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        <cusip>16411QAG6</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>LLOYDS BANKING GR V/R 01/05/35</name>
        <lei>549300PPXHEU2JF0AM85</lei>
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        <cusip>53944YAX1</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-05</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CON EDISON CO OF 5.7% 05/15/54</name>
        <lei>N/A</lei>
        <title>CON EDISON CO OF NY INC REGD 5.70000000</title>
        <cusip>209111GK3</cusip>
        <identifiers>
          <isin value="US209111GK37"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105575.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>TORONTO-DOMINI 4.456% 06/08/32</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO-DOMINION BANK REGD MTN 4.45600000</title>
        <cusip>89115A2E1</cusip>
        <identifiers>
          <isin value="US89115A2E11"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45600000</annualizedRt>
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      <invstOrSec>
        <name>COOPERATIEVE RABO V/R 04/06/28</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>COOPERATIEVE RABOBANK UA REGD V/R 144A P/P 3.64900000</title>
        <cusip>74977RDN1</cusip>
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          <isin value="US74977RDN17"/>
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        <balance>250000.00000000</balance>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREAS NTS 3.375% 09/15/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.37500000</title>
        <cusip>91282CLL3</cusip>
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          <isin value="US91282CLL36"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#QC0165 2.5% 03/01/51</name>
        <lei>N/A</lei>
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        <cusip>3133AJFE8</cusip>
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        <name>UMBS P#QE0399 3% 04/01/52</name>
        <lei>N/A</lei>
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        <cusip>3133B9NQ3</cusip>
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          <isin value="US3133B9NQ39"/>
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        <name>MCDONALD'S CORP 4.45% 03/01/47</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
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        <cusip>58013MFC3</cusip>
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          <isin value="US58013MFC38"/>
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        <valUSD>43985.03000000</valUSD>
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      <invstOrSec>
        <name>COCA-COLA CO/THE 2.5% 06/01/40</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>COCA-COLA CO/THE REGD 2.50000000</title>
        <cusip>191216CW8</cusip>
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          <isin value="US191216CW80"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>SOUTHERN COPPER 5.25% 11/08/42</name>
        <lei>N/A</lei>
        <title>SOUTHERN COPPER CORP REGD 5.25000000</title>
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          <isin value="US84265VAG05"/>
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        <balance>825000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>GNR 2023-92 AH 2% 06/16/64</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2023-92 CL AH 2.00000000</title>
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          <isin value="US38381H8H74"/>
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        <balance>1397631.96000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1070648.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIGNA GROUP/TH 4.375% 10/15/28</name>
        <lei>549300VIWYMSIGT1U456</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NISOURCE INC 3.49% 05/15/27</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NISOURCE INC REGD 3.49000000</title>
        <cusip>65473QBE2</cusip>
        <identifiers>
          <isin value="US65473QBE26"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73159.34000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HCA INC 5.25% 06/15/26</name>
        <lei>N/A</lei>
        <title>HCA INC REGD 5.25000000</title>
        <cusip>404119BT5</cusip>
        <identifiers>
          <isin value="US404119BT57"/>
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        <balance>216000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216624.81000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GLOBAL PA 4.875% 03/17/31/EUR/</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GLOBAL PAYMENTS INC /EUR/ REGD 4.87500000</title>
        <cusip>37940XAS1</cusip>
        <identifiers>
          <isin value="XS2597994065"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.94607380"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FISERV INC 5.375% 08/21/28</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISERV INC REGD 5.37500000</title>
        <cusip>337738BG2</cusip>
        <identifiers>
          <isin value="US337738BG22"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25547.36000000</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>2028-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN HOMES 3.625% 04/15/32</name>
        <lei>N/A</lei>
        <title>AMERICAN HOMES 4 RENT REGD 3.62500000</title>
        <cusip>02666TAE7</cusip>
        <identifiers>
          <isin value="US02666TAE73"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22752.22000000</valUSD>
        <pctVal>0.001223179512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EXXON MOBIL CO 4.327% 03/19/50</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>EXXON MOBIL CORPORATION REGD 4.32700000</title>
        <cusip>30231GBG6</cusip>
        <identifiers>
          <isin value="US30231GBG64"/>
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        <balance>185000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161460.67000000</valUSD>
        <pctVal>0.008680268722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.32700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GROUP 1 AUTOMO 6.375% 01/15/30</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>GROUP 1 AUTOMOTIVE INC REGD 144A P/P 6.37500000</title>
        <cusip>398905AQ2</cusip>
        <identifiers>
          <isin value="US398905AQ20"/>
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        <balance>240000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>243308.16000000</valUSD>
        <pctVal>0.013080462326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COCA-COLA CO/THE 5% 05/13/34</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>COCA-COLA CO/THE REGD 5.00000000</title>
        <cusip>191216DR8</cusip>
        <identifiers>
          <isin value="US191216DR86"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51212.25000000</valUSD>
        <pctVal>0.002753215949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>UMBS P#SD0496 3% 02/01/47</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD0496 3.00000000</title>
        <cusip>3132DMRR8</cusip>
        <identifiers>
          <isin value="US3132DMRR87"/>
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        <balance>276399.11000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>248209.25000000</valUSD>
        <pctVal>0.013343949269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YAMANA GOLD IN 4.625% 12/15/27</name>
        <lei>54930002VY22NXG01418</lei>
        <title>YAMANA GOLD INC REGD SER WI 4.62500000</title>
        <cusip>98462YAD2</cusip>
        <identifiers>
          <isin value="US98462YAD22"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9898.81000000</valUSD>
        <pctVal>0.000532168798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US TREAS BDS 4.375% 08/15/43</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.37500000</title>
        <cusip>912810TU2</cusip>
        <identifiers>
          <isin value="US912810TU25"/>
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        <balance>935000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>925417.19000000</valUSD>
        <pctVal>0.049751248336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REPUBLIC OF POLA 5.5% 04/04/53</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF POLAND REGD 5.50000000</title>
        <cusip>731011AW2</cusip>
        <identifiers>
          <isin value="US731011AW25"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48580.35000000</valUSD>
        <pctVal>0.002611722673</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#SD7534 2.5% 02/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD7534 2.50000000</title>
        <cusip>3132DVLP8</cusip>
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          <isin value="US3132DVLP84"/>
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        <balance>329949.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282010.70000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRUIST FINANCIAL  V/R 06/08/27</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP REGD V/R MTN 6.04700000</title>
        <cusip>89788MAN2</cusip>
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          <isin value="US89788MAN20"/>
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        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30538.54000000</valUSD>
        <pctVal>0.001641778976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-08</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.04700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#SD2961 5% 11/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD2961 5.00000000</title>
        <cusip>3132DQJE7</cusip>
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          <isin value="US3132DQJE70"/>
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        <balance>493674.24000000</balance>
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        <curCd>USD</curCd>
        <valUSD>486797.91000000</valUSD>
        <pctVal>0.026170687093</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>COMMONWEALTH BAN 3.9% 07/12/47</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>COMMONWEALTH BANK AUST REGD 144A P/P MTN 3.90000000</title>
        <cusip>2027A0JN0</cusip>
        <identifiers>
          <isin value="US2027A0JN00"/>
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        <balance>8000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6727.90000000</valUSD>
        <pctVal>0.000361697866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CGCMT 2015-GC29  V/R 04/10/25</name>
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      <invstOrSec>
        <name>INTEL CORP 2.6% 05/19/26</name>
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      <invstOrSec>
        <name>HP ENTERPRISE C 5.25% 07/01/28</name>
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      <invstOrSec>
        <name>GNMA II P#MA8266 3.5% 09/20/52</name>
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      <invstOrSec>
        <name>GNMA II P#BM7534 3.5% 02/20/50</name>
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        <name>ARTHUR J GALLAG 6.75% 02/15/54</name>
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        <cusip>04316JAG4</cusip>
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      <invstOrSec>
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        <name>WFCM 2024-C63 5.309% 08/15/34</name>
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        <name>UMBS P#FS2463 3% 02/01/52</name>
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        <name>UMBS P#SD2251 4.5% 11/01/52</name>
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        <name>UMBS P#QB9290 2% 03/01/51</name>
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      <invstOrSec>
        <name>HONEYWELL INTER 5.35% 03/01/64</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
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        <name>WAMU 2005-AR19 A V/R 12/25/45</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005- SER 2005-AR19 CL A1B3 V/R REGD 5.40219000</title>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#SD2394 4.5% 11/01/52</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA5818 4.5% 03/20/49</name>
        <lei>N/A</lei>
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        <cusip>36179UPB2</cusip>
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          <isin value="US36179UPB25"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROOKFIELD FIN 5.968% 03/04/54</name>
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          <isin value="US11271LAL62"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#MA3305 3.5% 03/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA3305 3.50000000</title>
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          <isin value="US31418CU779"/>
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        <name>UBS GROUP AG V/R 07/15/26</name>
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        <cusip>225401AY4</cusip>
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          <isin value="US225401AY40"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 4.25% 12/31/25</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
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        <identifiers>
          <isin value="US91282CJS17"/>
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        <curCd>USD</curCd>
        <valUSD>5040073.25000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA5816 3.5% 03/20/49</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5816 3.50000000</title>
        <cusip>36179UN99</cusip>
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          <isin value="US36179UN993"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>VERIZON COMMUN 2.355% 03/15/32</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <cusip>92343VGN8</cusip>
        <identifiers>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TRANSDIGM INC 6.625% 03/01/32</name>
        <lei>N/A</lei>
        <title>TRANSDIGM INC REGD 144A P/P 6.62500000</title>
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        <identifiers>
          <isin value="US893647BV82"/>
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        <curCd>USD</curCd>
        <valUSD>10255.39000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FGLMC P#G08849 5% 11/01/48</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G08849 5.00000000</title>
        <cusip>3128MJ5K2</cusip>
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          <isin value="US3128MJ5K25"/>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CANADIAN PACIFIC 3.5% 05/01/50</name>
        <lei>N/A</lei>
        <title>CANADIAN PACIFIC RAILWAY REGD 3.50000000</title>
        <cusip>13648TAG2</cusip>
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          <isin value="US13648TAG22"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <name>US TREASURYSP ZCP 05/15/49</name>
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        <issuerCat>UST</issuerCat>
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        <name>STWD 2022-FL3 A V/R 11/15/38</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>VODAFONE GROUP  4.25% 09/17/50</name>
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          <isin value="US92857WBU36"/>
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        <valUSD>40426.61000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNR 2021-133 IO V/R 07/16/63</name>
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        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-133 CL IO V/R 0.88134000</title>
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          <isin value="US38381DXB18"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-07-16</maturityDt>
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      <invstOrSec>
        <name>FHLB 2.49% 03/26/40</name>
        <lei>N/A</lei>
        <title>FEDERAL HOME LOAN BANKS 2.49000000</title>
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          <isin value="US3130AJEM79"/>
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        <balance>690000.00000000</balance>
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        <valUSD>505151.73000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BT0972 2.5% 05/01/51</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FFCB 3.5% 02/28/39</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SE 2024-1A A 6.39% 04/22/30</name>
        <lei>N/A</lei>
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          <isin value="US81758FAA84"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>SANDS CHINA LTD 2.3% 03/08/27</name>
        <lei>N/A</lei>
        <title>SANDS CHINA LTD REGD 2.30000000</title>
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        <identifiers>
          <isin value="US80007RAN52"/>
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        <curCd>USD</curCd>
        <valUSD>510967.49000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-08</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD5401 6% 04/01/54</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD5401 6.00000000</title>
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          <isin value="US3132DTAA88"/>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD3722 5% 05/01/53</name>
        <lei>N/A</lei>
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          <isin value="US3132E0D335"/>
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        <balance>338275.21000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>334488.59000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JEFFERIES FIN G 4.85% 01/15/27</name>
        <lei>549300HOF34RGOJ5YL07</lei>
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          <isin value="US47233JAG31"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50127.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FGLMC P#G07335 7% 03/01/39</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G07335 7.00000000</title>
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          <isin value="US3128M9PU04"/>
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        <balance>4706.90000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4929.20000000</valUSD>
        <pctVal>0.000264998160</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>FGLMC P#G08843 4.5% 10/01/48</name>
        <lei>N/A</lei>
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        <cusip>3128MJ5D8</cusip>
        <identifiers>
          <isin value="US3128MJ5D81"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>131483.36000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>WARNERMEDIA HO 4.279% 03/15/32</name>
        <lei>N/A</lei>
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          <isin value="US55903VBC63"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA2863 3% 01/01/47</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA2863 3.00000000</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AEP TRANSMISSIO 3.75% 12/01/47</name>
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          <isin value="US00115AAH23"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>AMAZON.COM INC 2.875% 05/12/41</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA8796 3% 04/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8796 3.00000000</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>PROLOGIS LP 5% 03/15/34</name>
        <lei>N/A</lei>
        <title>PROLOGIS LP REGD 5.00000000</title>
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          <isin value="US74340XCJ81"/>
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        <balance>25000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>BARRICK PD AU F 5.95% 10/15/39</name>
        <lei>N/A</lei>
        <title>BARRICK PD AU FIN PTY LT REGD 5.95000000</title>
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          <isin value="US06849UAD72"/>
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        <curCd>USD</curCd>
        <valUSD>26291.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>METLIFE INC 4.875% 11/13/43</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC REGD 4.87500000</title>
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          <isin value="US59156RBG20"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23750.05000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REPUBLIC OF ARGE S/UP 07/09/30</name>
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          <isin value="US040114HS26"/>
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        <curCd>USD</curCd>
        <valUSD>6161.76000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BF0560 2.5% 09/01/61</name>
        <lei>N/A</lei>
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        <valUSD>327952.11000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>VERIZON COMMUNICAT 3% 11/20/60</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <cusip>92343VFV1</cusip>
        <identifiers>
          <isin value="US92343VFV18"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62024.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITED KIN 3.25% 01/31/33/GBP/</name>
        <lei>N/A</lei>
        <title>UNITED KINGDOM GILT /GBP/ REGD REG S 3.25000000</title>
        <cusip>G4527HYX3</cusip>
        <identifiers>
          <isin value="GB00BMV7TC88"/>
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        <balance>3745000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.78582379"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 3.875% 08/15/34</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.87500000</title>
        <cusip>91282CLF6</cusip>
        <identifiers>
          <isin value="US91282CLF67"/>
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        <balance>5045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4916904.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TARGET CORP 4.5% 09/15/32</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>TARGET CORP REGD 4.50000000</title>
        <cusip>87612EBP0</cusip>
        <identifiers>
          <isin value="US87612EBP07"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49218.87000000</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>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UMBS P#RB5084 1.5% 11/01/40</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#RB5084 1.50000000</title>
        <cusip>3133KYUH0</cusip>
        <identifiers>
          <isin value="US3133KYUH07"/>
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        <balance>609312.05000000</balance>
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        <curCd>USD</curCd>
        <valUSD>501788.79000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CSX CORP 4.25% 11/01/66</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX CORP REGD 4.25000000</title>
        <cusip>126408HG1</cusip>
        <identifiers>
          <isin value="US126408HG14"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20288.39000000</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>2066-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US TREAS NTS 4.625% 10/15/26</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.62500000</title>
        <cusip>91282CJC6</cusip>
        <identifiers>
          <isin value="US91282CJC64"/>
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        <balance>1605000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1617037.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T INC 2.75% 06/01/31</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD SER * 2.75000000</title>
        <cusip>00206RJY9</cusip>
        <identifiers>
          <isin value="US00206RJY99"/>
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        <balance>242000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>214789.42000000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>FGLMC P#U90598 3.5% 12/01/42</name>
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        <title>FREDDIE MAC GOLD POOL P#U90598 3.50000000</title>
        <cusip>3132H3UX9</cusip>
        <identifiers>
          <isin value="US3132H3UX93"/>
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        <balance>6159.19000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5730.35000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>SHELL FINANCE U 2.75% 04/06/30</name>
        <lei>N/A</lei>
        <title>SHELL FINANCE US IN REGD SER * 2.75000000</title>
        <cusip>822905AB1</cusip>
        <identifiers>
          <isin value="US822905AB18"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54945.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PARAMOUNT GLOBAL 4.9% 08/15/44</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARAMOUNT GLOBAL REGD 4.90000000</title>
        <cusip>124857AK9</cusip>
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          <isin value="US124857AK99"/>
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        <balance>34000.00000000</balance>
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        <valUSD>26874.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEERE &amp; COMPANY 3.1% 04/15/30</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>DEERE &amp; COMPANY REGD 3.10000000</title>
        <cusip>244199BJ3</cusip>
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          <isin value="US244199BJ37"/>
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        <balance>40000.00000000</balance>
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        <valUSD>37176.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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      <invstOrSec>
        <name>GNR 2020-181 WI 2% 12/20/50</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-181 CL WI 2.00000000</title>
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        <curCd>USD</curCd>
        <valUSD>39968.12000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EDISON INTERNAT 6.95% 11/15/29</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>EDISON INTERNATIONAL REGD 6.95000000</title>
        <cusip>281020AW7</cusip>
        <identifiers>
          <isin value="US281020AW79"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195069.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUMANA INC 5.95% 03/15/34</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUMANA INC REGD 5.95000000</title>
        <cusip>444859BY7</cusip>
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          <isin value="US444859BY76"/>
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        <balance>25000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>VCC 2019-1 A V/R 05/25/26</name>
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        <curCd>USD</curCd>
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        <name>VERUS 2021-7 A1 V/R 10/25/66</name>
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        <name>US TREAS BDS 3.75% 11/15/43</name>
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        <name>GLOBAL PAYMENTS 4.45% 06/01/28</name>
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        <name>UMBS P#890604 4.5% 10/01/44</name>
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        <name>WEYERHAEUSER CO 4% 11/15/29</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
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        <name>OCCIDENTAL PETRO 6.2% 03/15/40</name>
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        <name>ECOLAB INC 2.7% 12/15/51</name>
        <lei>82DYEISM090VG8LTLS26</lei>
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        <name>GNMA II P#MA8345 3.5% 10/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8345 3.50000000</title>
        <cusip>36179XHW9</cusip>
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          <isin value="US36179XHW92"/>
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      <invstOrSec>
        <name>GNMA II P#MA8947 5% 06/20/53</name>
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        <name>OPTICS BI 1.625% 01/18/29/EUR/</name>
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      <invstOrSec>
        <name>ALLSTATE CORP 1.45% 12/15/30</name>
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        <name>CENTENE CORP 3.375% 02/15/30</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>DELTA AIR LINES/ 4.5% 10/20/25</name>
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        <issuerCat>CORP</issuerCat>
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        <name>COTERRA ENERGY I 3.9% 05/15/27</name>
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        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <name>FGLMC P#G07784 4% 07/01/44</name>
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      <invstOrSec>
        <name>ASTRAZENECA PLC 3% 05/28/51</name>
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        <name>PRET 2022-RN2 A S/UP 06/25/52</name>
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        <name>UMBS P#SD3983 5.5% 09/01/53</name>
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      <invstOrSec>
        <name>GNMA II P#MA6089 3% 08/20/49</name>
        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>CHARLES SCHWAB C 2.9% 03/03/32</name>
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      <invstOrSec>
        <name>EQS 2024-1C A 6.05% 01/20/30</name>
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      <invstOrSec>
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        <name>DOW CHEMICAL CO/ 3.6% 11/15/50</name>
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        <name>GATX CORP 3.5% 06/01/32</name>
        <lei>549300IHYHCQP2PIR591</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>JOHN DEERE CAPIT 1.7% 01/11/27</name>
        <lei>N/A</lei>
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        <cusip>24422EWA3</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OCCIDENTAL PET 4.625% 06/15/45</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CISCO SYSTEMS IN 5.9% 02/15/39</name>
        <lei>549300LKFJ962MZ46593</lei>
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        <cusip>17275RAD4</cusip>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>SUMITOMO MITSUI 5.88% 07/13/26</name>
        <lei>35380028MYWPB6AUO129</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <name>T/L AMWINS GROUP IN 0% 2/19/28</name>
        <lei>N/A</lei>
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          <couponKind>Variable</couponKind>
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        <name>GNR 2014-105 IO V/R 06/16/54</name>
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        <name>NJ 2023-GSP A V/R 01/06/29</name>
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        <name>PNC FINANCIAL S 2.55% 01/22/30</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <name>UMBS P#AS5138 3% 06/01/30</name>
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      <invstOrSec>
        <name>CVS HEALTH CORP 4.25% 04/01/50</name>
        <lei>549300EJG376EN5NQE29</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MCDONALD'S CORP 4.7% 12/09/35</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREAS BDS 4.25% 08/15/54</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMAZON.COM INC 2.7% 06/03/60</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENTERPRISE PRODU 4.8% 02/01/49</name>
        <lei>N/A</lei>
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          <isin value="US29379VBU61"/>
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        <curCd>USD</curCd>
        <valUSD>45928.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PACIFIC GAS &amp; EL 2.5% 02/01/31</name>
        <lei>N/A</lei>
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        <cusip>694308JG3</cusip>
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          <isin value="US694308JG36"/>
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        <curCd>USD</curCd>
        <valUSD>77123.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NORFOLK SOUTHER 2.55% 11/01/29</name>
        <lei>54930036C8MWP850MI84</lei>
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        <cusip>655844CE6</cusip>
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          <isin value="US655844CE60"/>
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        <balance>146000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>METLIFE INC 4.721% 12/15/44</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <cusip>59156RBL1</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>DOW CHEMICAL CO 5.55% 11/30/48</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US260543CR27"/>
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        <balance>25000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AA2953 5% 04/01/39</name>
        <lei>N/A</lei>
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        <valUSD>3761.44000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AQ7082 4% 01/01/43</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMCAST CORP 4.049% 11/01/52</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TOYOTA MOTOR CRE 4.8% 01/05/26</name>
        <lei>N/A</lei>
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        <name>ONCOR ELECTRIC D 2.7% 11/15/51</name>
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        <name>FGLMC P#G05665 6% 10/01/38</name>
        <lei>N/A</lei>
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        <name>KOHL'S CORPORA 4.625% 05/01/31</name>
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          <isin value="US500255AX28"/>
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      <invstOrSec>
        <name>UMBS P#SD8212 2.5% 05/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8212 2.50000000</title>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GENERAL MOTORS F 1.5% 06/10/26</name>
        <lei>N/A</lei>
        <title>GENERAL MOTORS FINL CO REGD 1.50000000</title>
        <cusip>37045XDK9</cusip>
        <identifiers>
          <isin value="US37045XDK90"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95183.64000000</valUSD>
        <pctVal>0.005117156848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SIMON PROPERTY G 3.8% 07/15/50</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP LP REGD 3.80000000</title>
        <cusip>828807DJ3</cusip>
        <identifiers>
          <isin value="US828807DJ39"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19370.46000000</valUSD>
        <pctVal>0.001041373097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</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>GENERAL MOTORS  2.35% 02/26/27</name>
        <lei>N/A</lei>
        <title>GENERAL MOTORS FINL CO REGD 2.35000000</title>
        <cusip>37045XDR4</cusip>
        <identifiers>
          <isin value="US37045XDR44"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94839.73000000</valUSD>
        <pctVal>0.005098667941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.35000000</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>UMBS P#FS1866 3.5% 05/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS1866 3.50000000</title>
        <cusip>3140XHCC9</cusip>
        <identifiers>
          <isin value="US3140XHCC92"/>
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        <balance>620281.09000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>564954.60000000</valUSD>
        <pctVal>0.030372460018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>ELI LILLY &amp; CO 4.5% 02/09/27</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; CO REGD 4.50000000</title>
        <cusip>532457CJ5</cusip>
        <identifiers>
          <isin value="US532457CJ56"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100434.57000000</valUSD>
        <pctVal>0.005399451498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>WOODSIDE FINANCE 5.7% 09/12/54</name>
        <lei>N/A</lei>
        <title>WOODSIDE FINANCE LTD REGD 5.70000000</title>
        <cusip>980236AS2</cusip>
        <identifiers>
          <isin value="US980236AS23"/>
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        <balance>1120000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1106622.19000000</valUSD>
        <pctVal>0.059492989739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-12</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>
      <invstOrSec>
        <name>LINCOLN NATIONA 3.05% 01/15/30</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>LINCOLN NATIONAL CORP REGD 3.05000000</title>
        <cusip>534187BJ7</cusip>
        <identifiers>
          <isin value="US534187BJ76"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22883.94000000</valUSD>
        <pctVal>0.001230260896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</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>NCL CORPORATIO 8.125% 01/15/29</name>
        <lei>N/A</lei>
        <title>NCL CORPORATION LTD REGD 144A P/P 8.12500000</title>
        <cusip>62886HBN0</cusip>
        <identifiers>
          <isin value="US62886HBN08"/>
        </identifiers>
        <balance>540000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>573478.22000000</valUSD>
        <pctVal>0.030830697384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</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>NUTRIEN LTD 3.95% 05/13/50</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>NUTRIEN LTD REGD 3.95000000</title>
        <cusip>67077MAX6</cusip>
        <identifiers>
          <isin value="US67077MAX65"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19863.61000000</valUSD>
        <pctVal>0.001067885278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMCAST CORP 3.25% 11/01/39</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 3.25000000</title>
        <cusip>20030NCY5</cusip>
        <identifiers>
          <isin value="US20030NCY58"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15787.82000000</valUSD>
        <pctVal>0.000848767196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</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>
      <invstOrSec>
        <name>INTERCONTINENTAL 4.6% 03/15/33</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>INTERCONTINENTALEXCHANGE REGD 4.60000000</title>
        <cusip>45866FAW4</cusip>
        <identifiers>
          <isin value="US45866FAW41"/>
        </identifiers>
        <balance>540000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>530379.36000000</valUSD>
        <pctVal>0.028513664471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</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>CIGNA GROUP/THE 3.4% 03/01/27</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CIGNA GROUP/THE REGD SER * 3.40000000</title>
        <cusip>125523CB4</cusip>
        <identifiers>
          <isin value="US125523CB40"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97388.13000000</valUSD>
        <pctVal>0.005235672184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</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>META PLATFORMS  4.75% 08/15/34</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META PLATFORMS INC REGD 4.75000000</title>
        <cusip>30303M8U9</cusip>
        <identifiers>
          <isin value="US30303M8U95"/>
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        <balance>450000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>450053.21000000</valUSD>
        <pctVal>0.024195259454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA7989 3.5% 04/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7989 3.50000000</title>
        <cusip>36179W2W7</cusip>
        <identifiers>
          <isin value="US36179W2W70"/>
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        <balance>3087948.07000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2825267.60000000</valUSD>
        <pctVal>0.151888890226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>FHMS K146 A2 2.92% 06/25/32</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES SER K146 CL A2 2.92000000</title>
        <cusip>3137H7ZB2</cusip>
        <identifiers>
          <isin value="US3137H7ZB24"/>
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        <balance>1240000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1114023.94000000</valUSD>
        <pctVal>0.059890914380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.92000000</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>UMBS P#AE0212 5.5% 12/01/27</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AE0212 5.50000000</title>
        <cusip>31419AGW1</cusip>
        <identifiers>
          <isin value="US31419AGW18"/>
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        <balance>8584.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8642.60000000</valUSD>
        <pctVal>0.000464633835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>UMBS P#QF0921 5% 09/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QF0921 5.00000000</title>
        <cusip>3133BNAW3</cusip>
        <identifiers>
          <isin value="US3133BNAW30"/>
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        <balance>80727.42000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79514.87000000</valUSD>
        <pctVal>0.004274789885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>OTIS WORLDWIDE  5.25% 08/16/28</name>
        <lei>549300ZLBKR8VSU25153</lei>
        <title>OTIS WORLDWIDE CORP REGD 5.25000000</title>
        <cusip>68902VAP2</cusip>
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          <isin value="US68902VAP22"/>
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        <balance>29000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29593.98000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FM1628 3.5% 09/01/33</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM1628 3.50000000</title>
        <cusip>3140X4Y26</cusip>
        <identifiers>
          <isin value="US3140X4Y264"/>
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        <curCd>USD</curCd>
        <valUSD>161091.48000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>KIMCO REALTY OP  3.2% 04/01/32</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>KIMCO REALTY OP LLC REGD 3.20000000</title>
        <cusip>49446RAZ2</cusip>
        <identifiers>
          <isin value="US49446RAZ29"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22436.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>REPUBLIC OF ARGENT 1% 07/09/29</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF ARGENTINA REGD 1.00000000</title>
        <cusip>040114HX1</cusip>
        <identifiers>
          <isin value="US040114HX11"/>
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        <balance>64372.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49983.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALEXANDRIA REAL 3.95% 01/15/28</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
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        <cusip>015271AK5</cusip>
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          <isin value="US015271AK55"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24467.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#MA4379 2.5% 07/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4379 2.50000000</title>
        <cusip>31418D2M3</cusip>
        <identifiers>
          <isin value="US31418D2M38"/>
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        <curCd>USD</curCd>
        <valUSD>2197698.55000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#MA6997 3.5% 11/20/50</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA6997 3.50000000</title>
        <cusip>36179VX21</cusip>
        <identifiers>
          <isin value="US36179VX214"/>
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        <curCd>USD</curCd>
        <valUSD>777595.15000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIR LEASE CORP 5.85% 12/15/27</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>AIR LEASE CORP REGD 5.85000000</title>
        <cusip>00914AAT9</cusip>
        <identifiers>
          <isin value="US00914AAT97"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25747.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 10/15/30</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO REGD V/R 2.73900000</title>
        <cusip>46647PBE5</cusip>
        <identifiers>
          <isin value="US46647PBE51"/>
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        <balance>1530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1392746.79000000</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>2030-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.73900000</annualizedRt>
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      <invstOrSec>
        <name>SYSCO CORPORATI 4.45% 03/15/48</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>SYSCO CORPORATION REGD 4.45000000</title>
        <cusip>871829BH9</cusip>
        <identifiers>
          <isin value="US871829BH94"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21391.28000000</valUSD>
        <pctVal>0.001150014172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>FHR 5010 JI 2.5% 09/25/50</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 5010 CL JI 2.50000000</title>
        <cusip>3137FVQG0</cusip>
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          <isin value="US3137FVQG00"/>
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        <curCd>USD</curCd>
        <valUSD>37077.22000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>ENTERPRISE PROD 5.55% 02/16/55</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 5.55000000</title>
        <cusip>29379VCH4</cusip>
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          <isin value="US29379VCH42"/>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>684057.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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        <name>AKER BP ASA 5.125% 10/01/34</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>AKER BP ASA REGD 144A P/P 5.12500000</title>
        <cusip>00973RAN3</cusip>
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          <isin value="US00973RAN35"/>
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        <balance>1860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1800415.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
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        <name>ABBVIE INC 2.95% 11/21/26</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD SER WI 2.95000000</title>
        <cusip>00287YBV0</cusip>
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          <isin value="US00287YBV02"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>437242.98000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-21</maturityDt>
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      <invstOrSec>
        <name>IBM CORP 2.95% 05/15/50</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM CORP REGD 2.95000000</title>
        <cusip>459200KL4</cusip>
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        <balance>100000.00000000</balance>
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        <valUSD>66647.87000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INTEL CORP 5.05% 08/05/62</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTEL CORP REGD 5.05000000</title>
        <cusip>458140CC2</cusip>
        <identifiers>
          <isin value="US458140CC21"/>
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        <balance>108000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91794.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>US TREAS BDS 3.25% 05/15/42</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.25000000</title>
        <cusip>912810TH1</cusip>
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          <isin value="US912810TH14"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153970.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FGLMC P#G60397 4% 12/01/45</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>152978.77000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FM3002 4.5% 11/01/49</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM3002 4.50000000</title>
        <cusip>3140X6KQ3</cusip>
        <identifiers>
          <isin value="US3140X6KQ34"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66707.27000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS BDS 5% 05/15/37</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 5.00000000</title>
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        <identifiers>
          <isin value="US912810PU60"/>
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        <balance>2370000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2553212.12000000</valUSD>
        <pctVal>0.137262946497</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASIAN DEVELOPMEN 2.5% 11/02/27</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>ASIAN DEVELOPMENT BANK REGD MTN SER GMTN 2.50000000</title>
        <cusip>045167EE9</cusip>
        <identifiers>
          <isin value="US045167EE95"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191113.14000000</valUSD>
        <pctVal>0.010274411791</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REPUBLIC OF CHI 2.55% 01/27/32</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF CHILE REGD 2.55000000</title>
        <cusip>168863DN5</cusip>
        <identifiers>
          <isin value="US168863DN50"/>
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        <balance>45000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38812.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#ZA5318 3.5% 03/01/48</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#ZA5318 3.50000000</title>
        <cusip>31329N4B1</cusip>
        <identifiers>
          <isin value="US31329N4B11"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57437.76000000</valUSD>
        <pctVal>0.003087904885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DALLAS-FORT WO 3.144% 11/01/45</name>
        <lei>N/A</lei>
        <title>DALLAS-FORT WORTH TX INTERNATI REGD N/C B/E 3.14400000</title>
        <cusip>2350364X5</cusip>
        <identifiers>
          <isin value="US2350364X55"/>
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        <balance>40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31550.22000000</valUSD>
        <pctVal>0.001696167790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.14400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHUBB INA HOLDI 3.35% 05/03/26</name>
        <lei>N/A</lei>
        <title>CHUBB INA HOLDINGS LLC REGD 3.35000000</title>
        <cusip>00440EAV9</cusip>
        <identifiers>
          <isin value="US00440EAV92"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24621.54000000</valUSD>
        <pctVal>0.001323675812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FGLMC P#Q19611 4% 07/01/43</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#Q19611 4.00000000</title>
        <cusip>3132JBDR1</cusip>
        <identifiers>
          <isin value="US3132JBDR15"/>
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        <balance>41250.46000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39778.17000000</valUSD>
        <pctVal>0.002138509674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</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>UMBS P#AE1201 3.5% 11/01/25</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AE1201 3.50000000</title>
        <cusip>31419BKP9</cusip>
        <identifiers>
          <isin value="US31419BKP93"/>
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        <balance>902.95000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>894.42000000</valUSD>
        <pctVal>0.000048084811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMCAST CORP 4.75% 03/01/44</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 4.75000000</title>
        <cusip>20030NBK6</cusip>
        <identifiers>
          <isin value="US20030NBK63"/>
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        <balance>27000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24949.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>AMGEN INC 4.2% 02/22/52</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC REGD 4.20000000</title>
        <cusip>031162DF4</cusip>
        <identifiers>
          <isin value="US031162DF41"/>
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        <balance>69000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56699.06000000</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>2052-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#MA4838 4% 11/20/47</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4838 4.00000000</title>
        <cusip>36179TLT0</cusip>
        <identifiers>
          <isin value="US36179TLT06"/>
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        <balance>261857.27000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>249586.45000000</valUSD>
        <pctVal>0.013417988761</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UMBS P#CA1711 4.5% 05/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA1711 4.50000000</title>
        <cusip>3140Q83V5</cusip>
        <identifiers>
          <isin value="US3140Q83V59"/>
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        <balance>156515.90000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152122.73000000</valUSD>
        <pctVal>0.008178252792</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-01</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>TOYOTA MOTOR C 1.125% 06/18/26</name>
        <lei>N/A</lei>
        <title>TOYOTA MOTOR CREDIT CORP REGD MTN 1.12500000</title>
        <cusip>89236TJK2</cusip>
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          <isin value="US89236TJK25"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95197.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-18</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST  6.561% 12/15/40</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NEW JERSEY ST TRANSPRTN TRUST REGD N/C B/E 6.56100000</title>
        <cusip>646136XR7</cusip>
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          <isin value="US646136XR74"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94929.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.56100000</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>AT&amp;T INC 3.85% 06/01/60</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 3.85000000</title>
        <cusip>00206RKB7</cusip>
        <identifiers>
          <isin value="US00206RKB77"/>
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        <balance>18000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13216.20000000</valUSD>
        <pctVal>0.000710514625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>PROCTER &amp; GAMBLE C 3% 03/25/30</name>
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      <invstOrSec>
        <name>GNR 2013-53 OI 3.5% 04/20/43</name>
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      <invstOrSec>
        <name>GNMA II P#MA8492 6% 12/20/52</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>NORTHROP GRUMMA 4.75% 06/01/43</name>
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        <name>BOSTON PROPERTIE 4.5% 12/01/28</name>
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        <name>GOLDMAN SACHS GRO V/R 02/24/43</name>
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        <name>UMBS P#MA4511 2% 01/01/52</name>
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        <name>LOCKHEED MARTIN 4.09% 09/15/52</name>
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        <name>UMBS P#BV8515 3% 05/01/52</name>
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        <name>CONOCOPHILLIPS 6.5% 02/01/39</name>
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        <name>BANK OF NOVA SCOT V/R 05/04/37</name>
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        <name>SUZANO AUSTRIA  3.75% 01/15/31</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROLOGIS LP 4.875% 06/15/28</name>
        <lei>N/A</lei>
        <title>PROLOGIS LP REGD 4.87500000</title>
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          <isin value="US74340XCG43"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRINCIPAL FINANC 5.5% 03/15/53</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#FS2023 4% 05/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS2023 4.00000000</title>
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          <isin value="US3140XHG927"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CLOUD SOFTWARE  8.25% 06/30/32</name>
        <lei>N/A</lei>
        <title>CLOUD SOFTWARE GRP INC REGD 144A P/P 8.25000000</title>
        <cusip>18912UAC6</cusip>
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          <isin value="US18912UAC62"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHARTER COMM OP 6.15% 11/10/26</name>
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          <isin value="US161175CM43"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITEDHEALTH GRO 4.2% 05/15/32</name>
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          <isin value="US91324PEJ75"/>
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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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENERGY TRANSFER 5.55% 02/15/28</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <cusip>29273VAP5</cusip>
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          <isin value="US29273VAP58"/>
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        <curCd>USD</curCd>
        <valUSD>77844.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#RB5154 2.5% 04/01/42</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#RB5154 2.50000000</title>
        <cusip>3133KYWP0</cusip>
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        <curCd>USD</curCd>
        <valUSD>215674.33000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNR 2020-57 NI 2.5% 08/25/50</name>
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          <isin value="US3136BBEL22"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO 5.1% 02/09/64</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <cusip>532457CN6</cusip>
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          <isin value="US532457CN68"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>TARGA RESOURCES  6.5% 07/15/27</name>
        <lei>N/A</lei>
        <title>TARGA RESOURCES PARTNERS REGD 144A 6.50000000</title>
        <cusip>87612BBL5</cusip>
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          <isin value="US87612BBL53"/>
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        <name>CHARTER COMM OP 5.05% 03/30/29</name>
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        <name>GNR 2022-189 PT 2.5% 10/20/51</name>
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        <name>STACR 2022-DNA2  V/R 02/25/42</name>
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      <invstOrSec>
        <name>UMBS P#FS1598 2% 04/01/52</name>
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        <name>PARKER-HANNIFIN CO 4% 06/14/49</name>
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        <issuerCat>CORP</issuerCat>
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        <name>DOW CHEMICAL CO 5.15% 02/15/34</name>
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        <title>DOW CHEMICAL CO/THE REGD 5.15000000</title>
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          <isin value="US260543DJ91"/>
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        <valUSD>25105.43000000</valUSD>
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      <invstOrSec>
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        <name>GNR 2020-123 NI 2.5% 08/20/50</name>
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        <name>FNR 2022-22 IO 2.5% 10/25/51</name>
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        <name>GNMA II P#MA7255 2.5% 03/20/51</name>
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        <name>BARCLAYS PLC V/R 05/16/29</name>
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        <name>VALE OVERSEAS  6.875% 11/21/36</name>
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        <name>BENIN INTL GOV  7.96% 02/13/38</name>
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        <issuerCat>USGA</issuerCat>
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        <name>PERMIAN RESOURC 6.25% 02/01/33</name>
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        <name>FORD MOTOR COMP 3.25% 02/12/32</name>
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        <name>OCCIDENTAL PET 7.875% 09/15/31</name>
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        <name>WI TREASURY 3.125% 08/31/2027</name>
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        <name>APTIV PLC 3.1% 12/01/51</name>
        <lei>254900HTTDFIJZ32GX53</lei>
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        <name>EVERSOURCE ENER 5.45% 03/01/28</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
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      <invstOrSec>
        <name>LOCKHEED MARTIN 4.07% 12/15/42</name>
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        <name>CAS 2024-R01 1M2 V/R 01/25/44</name>
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        <name>GNMA II P#BM9734 4% 10/20/49</name>
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        <name>UMBS P#SD1949 5.5% 12/01/52</name>
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        <name>UMBS P#SD8220 3% 06/01/52</name>
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        <name>GNMA II P#MA5192 4% 05/20/48</name>
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        <name>AIRCASTLE LTD 5.95% 02/15/29</name>
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        <name>ORACLE CORP 4% 11/15/47</name>
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        <name>NORTHROP GRUMMA 5.25% 05/01/50</name>
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        <name>PROLOGIS LP 2.25% 04/15/30</name>
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        <name>CAESARS ENTERTAIN  7% 02/15/30</name>
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        <name>BHP BILLITON FIN 5.5% 09/08/53</name>
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        <name>MERCK &amp; CO INC 2.45% 06/24/50</name>
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        <name>GNMA II P#MA9604 5% 04/20/54</name>
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        <name>UNION PACIFIC C 3.75% 02/05/70</name>
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        <name>INTERCONTINENTAL 2.1% 06/15/30</name>
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        <name>MSAIC 2021-1A  3.71% 02/20/26</name>
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      <invstOrSec>
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        <lei>529900YLDW34GJAO4J06</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#FS1014 2% 02/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS1014 2.00000000</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4389 1.5% 07/01/31</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAPITAL ONE FIN 3.75% 03/09/27</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <cusip>14040HBN4</cusip>
        <identifiers>
          <isin value="US14040HBN44"/>
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        <curCd>USD</curCd>
        <valUSD>97798.43000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHR 5293 IO 2% 03/25/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 5293 CL IO 2.00000000</title>
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          <isin value="US3137H9QG77"/>
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        <curCd>USD</curCd>
        <valUSD>221753.52000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>EXTRA SPACE STOR 5.7% 04/01/28</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US30225VAJ61"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>REPUBLIC OF POLA 5.5% 11/16/27</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF POLAND REGD 5.50000000</title>
        <cusip>857524AD4</cusip>
        <identifiers>
          <isin value="US857524AD47"/>
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        <curCd>USD</curCd>
        <valUSD>51259.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STRYKER CORP 4.625% 03/15/46</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>STRYKER CORP REGD 4.62500000</title>
        <cusip>863667AJ0</cusip>
        <identifiers>
          <isin value="US863667AJ04"/>
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        <curCd>USD</curCd>
        <valUSD>22726.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHS 334 S7 V/R 08/15/44</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STRIPS SER 334 CL S7 V/R 1.17989000</title>
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        <identifiers>
          <isin value="US31325VKQ67"/>
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        <balance>35503.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3863.96000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA1582 3.5% 09/01/43</name>
        <lei>N/A</lei>
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        <valUSD>128324.10000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <name>AMERICAN HONDA  4.95% 01/09/26</name>
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        <lei>6CPEOKI6OYJ13Q6O7870</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA8726 5.5% 03/20/53</name>
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        <name>NOVARTIS CAPITAL 3.8% 09/18/29</name>
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          <isin value="US66989HAT59"/>
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        <name>GNMA P#782333 5.5% 06/15/38</name>
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        <name>3M COMPANY 3.25% 08/26/49</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M COMPANY REGD 3.25000000</title>
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          <isin value="US88579YBK64"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>WASTE CONNECTIONS  5% 03/01/34</name>
        <lei>549300HDLRTPBQU69P29</lei>
        <title>WASTE CONNECTIONS INC REGD 5.00000000</title>
        <cusip>94106BAG6</cusip>
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          <isin value="US94106BAG68"/>
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        <balance>330000.00000000</balance>
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        <valUSD>330798.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UMBS P#FM3049 4% 04/01/44</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHR 4335 SW V/R 05/15/44</name>
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        <name>AIMCO 2017-AA AR V/R 04/20/34</name>
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      <invstOrSec>
        <name>UMBS P#SD8200 2.5% 03/01/52</name>
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      <invstOrSec>
        <name>JOHN DEERE CAPI 1.75% 03/09/27</name>
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        <name>US TREAS BDS 3% 08/15/52</name>
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        <name>UMBS P#SD3171 5.5% 06/01/53</name>
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        <name>UMBS P#RB5153 2% 04/01/42</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>GUYS 2023-1A  7.549% 01/27/31</name>
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      <invstOrSec>
        <name>ELEVANCE HEALTH  6.1% 10/15/52</name>
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      <invstOrSec>
        <name>UMBS P#FS0028 2.5% 09/01/51</name>
        <lei>N/A</lei>
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        <name>WYNN RESORTS F 7.125% 02/15/31</name>
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        <name>LINCOLN NATIONA 4.35% 03/01/48</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
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        <name>ATHENAHEALTH GRO 6.5% 02/15/30</name>
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      <invstOrSec>
        <name>GNR 2022-81 CI 3% 09/20/50</name>
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        <name>INTUIT INC 1.65% 07/15/30</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
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        <name>T/L ASURION LLC 0% 07/31/2027</name>
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        <name>UMBS P#BM1565 3% 04/01/47</name>
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        <name>EASTMAN CHEMICAL 4.5% 12/01/28</name>
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        <name>GNMA II P#5259 4% 12/20/41</name>
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      <invstOrSec>
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      <invstOrSec>
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        <name>SOUTHERN CAL EDI 1.2% 02/01/26</name>
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      <invstOrSec>
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        <name>CHARLES SCHWAB C 0.9% 03/11/26</name>
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        <name>FHR 5202 IN 3% 01/25/47</name>
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        <name>AMGEN INC 4.4% 02/22/62</name>
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        <name>UMBS P#SD8267 5% 11/01/52</name>
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        <name>DBJPM 2016-C1 B V/R 03/10/26</name>
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        <name>MACY'S RETAIL  5.875% 03/15/30</name>
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      <invstOrSec>
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      <invstOrSec>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <issuerCat>CORP</issuerCat>
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        <name>REPUBLIC OF PER 3.55% 03/10/51</name>
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        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>SHELL FINANCE  4.125% 05/11/35</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>INR/USD FWD 20250116 STAR USD</title>
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      <invstOrSec>
        <name>GILEAD SCIENCES  2.6% 10/01/40</name>
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        <name>GENERAL MOTORS C 5.6% 10/15/32</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>GNMA II P#787228 6% 01/20/54</name>
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      <invstOrSec>
        <name>UMBS P#QD6079 2.5% 02/01/52</name>
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      <invstOrSec>
        <name>EXPAND ENERGY  5.375% 02/01/29</name>
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        <name>NUCOR CORP 3.85% 04/01/52</name>
        <lei>549300GGJCRSI2TIEJ46</lei>
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        <name>NORTHROP GRUMMA 2.93% 01/15/25</name>
        <lei>RIMU48P07456QXSO0R61</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIMON PROPERTY  2.65% 07/15/30</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN EXPRESS  V/R 05/01/34</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GILEAD SCIENCES 1.65% 10/01/30</name>
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        <name>FNR 2020-56 AQ 2% 08/25/50</name>
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        <name>LYB INT FINANCE  4.2% 05/01/50</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>UY</invCountry>
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        <name>UMBS P#MA4204 2% 12/01/40</name>
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          <couponKind>Fixed</couponKind>
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        <name>CAMERON LNG LL 3.302% 01/15/35</name>
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        <name>UMBS P#BD8104 3% 10/01/46</name>
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        <name>UMBS P#CA2472 4% 10/01/48</name>
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        <name>DIAMONDBACK ENER 4.4% 03/24/51</name>
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      <invstOrSec>
        <name>UMBS P#FS0424 2.5% 01/01/52</name>
        <lei>N/A</lei>
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      <invstOrSec>
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        <lei>MP3J6QPYPGN75NVW2S34</lei>
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      <invstOrSec>
        <name>SYNCHRONY FINANC 3.7% 08/04/26</name>
        <lei>549300RS7EWPM9MA6C78</lei>
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      <invstOrSec>
        <name>UMBS P#BN1623 4.5% 11/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BN1623 4.50000000</title>
        <cusip>3140JHYV9</cusip>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA P#740493 5% 07/15/40</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#740493 5.00000000</title>
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          <isin value="US3620AUUS18"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ALTRIA GROUP INC 4.4% 02/14/26</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC REGD 4.40000000</title>
        <cusip>02209SBC6</cusip>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19941.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PORT AUTH OF N 5.072% 07/15/53</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <cusip>73358XJB9</cusip>
        <identifiers>
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        <balance>150000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>150088.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ORACLE CORP 4.375% 05/15/55</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 4.37500000</title>
        <cusip>68389XBG9</cusip>
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          <isin value="US68389XBG97"/>
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        <balance>55000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45611.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA0706 4.5% 04/01/31</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>TARGA RESOURCE 6.875% 01/15/29</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <lei>N/A</lei>
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          <isin value="US960413BA94"/>
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        <name>DOMINION ENERGY 6.25% 10/15/53</name>
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        <lei>N/A</lei>
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        <name>UMBS P#CB6753 6% 07/01/53</name>
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        <name>FHMS K148 X1 V/R 07/25/32</name>
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        <title>FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K148 CL X1 V/R 0.24955800</title>
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        <name>STACR 2021-DNA1  V/R 01/25/51</name>
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        <name>FNMA PRIN STP ZCP 05/15/30</name>
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        <name>US TREAS BDS 3.375% 11/15/48</name>
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        <issuerCat>UST</issuerCat>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG V/R 02/02/27</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG REGD V/R 144A P/P 1.30500000</title>
        <cusip>225401AT5</cusip>
        <identifiers>
          <isin value="US225401AT54"/>
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        <balance>960000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>919979.76000000</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>2027-02-02</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JERSEY CITY NJ  5.47% 05/15/27</name>
        <lei>N/A</lei>
        <title>JERSEY CITY NJ MUNI UTILITIES REGD N/C B/E NATL 5.47000000</title>
        <cusip>476624BH3</cusip>
        <identifiers>
          <isin value="US476624BH32"/>
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        <balance>310000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>314274.50000000</valUSD>
        <pctVal>0.016895675663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.47000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PNC FINANCIAL SE 2.6% 07/23/26</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC FINANCIAL SERVICES REGD 2.60000000</title>
        <cusip>693475AX3</cusip>
        <identifiers>
          <isin value="US693475AX33"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>96942.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#AV0634 3% 11/01/28</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AV0634 3.00000000</title>
        <cusip>3138XBV43</cusip>
        <identifiers>
          <isin value="US3138XBV436"/>
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        <balance>70810.61000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68937.29000000</valUSD>
        <pctVal>0.003706129809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASIAN DEVELOPM 4.125% 01/12/27</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>ASIAN DEVELOPMENT BANK REGD MTN SER GMTN 4.12500000</title>
        <cusip>045167GA5</cusip>
        <identifiers>
          <isin value="US045167GA55"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199709.32000000</valUSD>
        <pctVal>0.010736550046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-12</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHWESTERN M 3.625% 09/30/59</name>
        <lei>1DU7IM20QESYGDO4HO54</lei>
        <title>NORTHWESTERN MUTUAL LIFE REGD 144A P/P 3.62500000</title>
        <cusip>668138AC4</cusip>
        <identifiers>
          <isin value="US668138AC47"/>
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        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>357720.06000000</valUSD>
        <pctVal>0.019231347474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EXELON CORP 5.625% 06/15/35</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>EXELON CORP REGD 5.62500000</title>
        <cusip>30161NAC5</cusip>
        <identifiers>
          <isin value="US30161NAC56"/>
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        <balance>35000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36298.50000000</valUSD>
        <pctVal>0.001951439531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERIZON COMMUNI 2.55% 03/21/31</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 2.55000000</title>
        <cusip>92343VGJ7</cusip>
        <identifiers>
          <isin value="US92343VGJ70"/>
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        <balance>505000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>441694.18000000</valUSD>
        <pctVal>0.023745870592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONSTELLATION BR 3.7% 12/06/26</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>CONSTELLATION BRANDS INC REGD 3.70000000</title>
        <cusip>21036PAQ1</cusip>
        <identifiers>
          <isin value="US21036PAQ19"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98307.56000000</valUSD>
        <pctVal>0.005285101556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAPSL 2021-1A 2.521% 06/15/28</name>
        <lei>N/A</lei>
        <title>MAPS 2021-1 TRUST SER 2021-1A CL A REGD 144A P/P 2.52100000</title>
        <cusip>55292RAA9</cusip>
        <identifiers>
          <isin value="US55292RAA95"/>
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        <balance>217190.04000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>200852.48000000</valUSD>
        <pctVal>0.010798007341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.52100000</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>JACKSON FINANC 3.125% 11/23/31</name>
        <lei>213800WXW2KG1N4CO374</lei>
        <title>JACKSON FINANCIAL INC REGD SER WI 3.12500000</title>
        <cusip>46817MAL1</cusip>
        <identifiers>
          <isin value="US46817MAL19"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21728.89000000</valUSD>
        <pctVal>0.001168164384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</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>FGLMC P#G08698 3.5% 03/01/46</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G08698 3.50000000</title>
        <cusip>3128MJX47</cusip>
        <identifiers>
          <isin value="US3128MJX470"/>
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        <balance>298388.48000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>275500.79000000</valUSD>
        <pctVal>0.014811166648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>UMBS P#766768 V/R 03/01/34</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#766768 V/R 6.52700000</title>
        <cusip>31404EZ90</cusip>
        <identifiers>
          <isin value="US31404EZ907"/>
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        <balance>42529.25000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42922.71000000</valUSD>
        <pctVal>0.002307562932</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.52700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROVINCIA DE BUE S/UP 09/01/37</name>
        <lei>N/A</lei>
        <title>PROVINCIA DE BUENOS AIRE REGD S/UP REG S EMTN 6.37500000</title>
        <cusip>P1910WXV6</cusip>
        <identifiers>
          <isin value="XS2385150334"/>
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        <balance>1748571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1138756.86000000</valUSD>
        <pctVal>0.061220578080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANHEUSER-BUSCH 4.375% 04/15/38</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH INBEV WOR REGD 4.37500000</title>
        <cusip>035240AM2</cusip>
        <identifiers>
          <isin value="US035240AM26"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46944.41000000</valUSD>
        <pctVal>0.002523773088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FS0388 3% 06/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS0388 3.00000000</title>
        <cusip>3140XFNE7</cusip>
        <identifiers>
          <isin value="US3140XFNE73"/>
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        <balance>350002.77000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>311290.38000000</valUSD>
        <pctVal>0.016735246727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GENERAL MOTORS C 6.6% 04/01/36</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO REGD 6.60000000</title>
        <cusip>37045VAK6</cusip>
        <identifiers>
          <isin value="US37045VAK61"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54085.94000000</valUSD>
        <pctVal>0.002907708071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#4923 4.5% 01/20/41</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRISTOL-MYERS S 4.35% 11/15/47</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <cusip>110122DK1</cusip>
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        <curCd>USD</curCd>
        <valUSD>43486.33000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 07/24/29</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PDU7</cusip>
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          <isin value="US46647PDU75"/>
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        <balance>53000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53925.95000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>BRISTOL-MYERS S 2.55% 11/13/50</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BRISTOL-MYERS SQUIBB CO REGD 2.55000000</title>
        <cusip>110122DS4</cusip>
        <identifiers>
          <isin value="US110122DS47"/>
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        <curCd>USD</curCd>
        <valUSD>30800.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#783368 4.5% 07/20/41</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#783368 4.50000000</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WRKCO INC 3.9% 06/01/28</name>
        <lei>N/A</lei>
        <title>WRKCO INC REGD 3.90000000</title>
        <cusip>92940PAE4</cusip>
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          <isin value="US92940PAE43"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48608.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CENTENE CORP 2.45% 07/15/28</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CENTENE CORP REGD 2.45000000</title>
        <cusip>15135BAY7</cusip>
        <identifiers>
          <isin value="US15135BAY74"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45246.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNS 440 C6 2% 10/25/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE INTEREST STRIP SER 440 CL C6 2.00000000</title>
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        <identifiers>
          <isin value="US31424U6J07"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNR 2014-6 Z 2.5% 02/25/44</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2014-6 CL Z 2.50000000</title>
        <cusip>3136AH6K1</cusip>
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          <isin value="US3136AH6K18"/>
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        <balance>655343.62000000</balance>
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        <curCd>USD</curCd>
        <valUSD>566795.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA7705 2.5% 11/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7705 2.50000000</title>
        <cusip>36179WR26</cusip>
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          <isin value="US36179WR263"/>
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        <curCd>USD</curCd>
        <valUSD>834637.35000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>UNITEDHEALTH GRO 4.5% 04/15/33</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 4.50000000</title>
        <cusip>91324PEV0</cusip>
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          <isin value="US91324PEV04"/>
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        <curCd>USD</curCd>
        <valUSD>48812.51000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>US TREAS NTS 4.375% 11/30/28</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.37500000</title>
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          <isin value="US91282CJN20"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>EQUIFAX INC 5.1% 06/01/28</name>
        <lei>5493004MCF8JDC86VS77</lei>
        <title>EQUIFAX INC REGD 5.10000000</title>
        <cusip>294429AW5</cusip>
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          <isin value="US294429AW53"/>
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        <balance>25000.00000000</balance>
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        <valUSD>25246.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP INC 5.5% 09/13/25</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD 5.50000000</title>
        <cusip>172967HB0</cusip>
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          <isin value="US172967HB08"/>
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        <valUSD>20092.05000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UNION PACIFIC CO 2.8% 02/14/32</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD 2.80000000</title>
        <cusip>907818FX1</cusip>
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          <isin value="US907818FX12"/>
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        <balance>403000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358229.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMCAST CORP 2.35% 01/15/27</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 2.35000000</title>
        <cusip>20030NBW0</cusip>
        <identifiers>
          <isin value="US20030NBW02"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95699.74000000</valUSD>
        <pctVal>0.005144902841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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        <name>ONEOK INC 5% 03/01/26</name>
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        <name>GNR 2013-85 IA V/R 03/16/47</name>
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        <name>MCR 2024-HF1 A V/R 12/15/26</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GNR 2020-179 IO V/R 09/16/62</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-179 CL IO V/R 1.00997000</title>
        <cusip>38380RET3</cusip>
        <identifiers>
          <isin value="US38380RET32"/>
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        <balance>3594828.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>262984.70000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2062-09-16</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLICA ORIE 4.975% 04/20/55</name>
        <lei>N/A</lei>
        <title>REPUBLICA ORIENT URUGUAY REGD 4.97500000</title>
        <cusip>760942BD3</cusip>
        <identifiers>
          <isin value="US760942BD38"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46371.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRUDENTIAL FINAN 3.7% 03/13/51</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC REGD MTN 3.70000000</title>
        <cusip>74432QCF0</cusip>
        <identifiers>
          <isin value="US74432QCF00"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76558.42000000</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>2051-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BNP PARIBAS V/R 12/05/34</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <cusip>05581KAG6</cusip>
        <identifiers>
          <isin value="US05581KAG67"/>
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        <balance>600000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>628476.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.89400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>UMBS P#AP7399 4% 09/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AP7399 4.00000000</title>
        <cusip>3138MBGH3</cusip>
        <identifiers>
          <isin value="US3138MBGH39"/>
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        <balance>48508.35000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46559.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#5082 4.5% 06/20/41</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#5082 4.50000000</title>
        <cusip>36202FUF1</cusip>
        <identifiers>
          <isin value="US36202FUF16"/>
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        <balance>188801.17000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>186970.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ESSEX PORTFOLI 3.625% 05/01/27</name>
        <lei>N/A</lei>
        <title>ESSEX PORTFOLIO LP REGD 3.62500000</title>
        <cusip>29717PAR8</cusip>
        <identifiers>
          <isin value="US29717PAR82"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24451.06000000</valUSD>
        <pctVal>0.001314510656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOSTON PROPERTI 3.25% 01/30/31</name>
        <lei>N/A</lei>
        <title>BOSTON PROPERTIES LP REGD 3.25000000</title>
        <cusip>10112RBD5</cusip>
        <identifiers>
          <isin value="US10112RBD52"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22216.71000000</valUSD>
        <pctVal>0.001194390020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UMBS P#QF3213 4.5% 11/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QF3213 4.50000000</title>
        <cusip>3133BQSA5</cusip>
        <identifiers>
          <isin value="US3133BQSA58"/>
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        <balance>87152.42000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83828.96000000</valUSD>
        <pctVal>0.004506719187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ORACLE CORP 4.65% 05/06/30</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 4.65000000</title>
        <cusip>68389XCN3</cusip>
        <identifiers>
          <isin value="US68389XCN30"/>
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        <balance>60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59938.70000000</valUSD>
        <pctVal>0.003222357636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CORNING INC 5.35% 11/15/48</name>
        <lei>549300X2937PB0CJ7I56</lei>
        <title>CORNING INC REGD 5.35000000</title>
        <cusip>219350BK0</cusip>
        <identifiers>
          <isin value="US219350BK07"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24515.50000000</valUSD>
        <pctVal>0.001317975008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>LOEWS CORP 3.2% 05/15/30</name>
        <lei>R8V1FN4M5ITGZOG7BS19</lei>
        <title>LOEWS CORP REGD 3.20000000</title>
        <cusip>540424AT5</cusip>
        <identifiers>
          <isin value="US540424AT59"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23217.71000000</valUSD>
        <pctVal>0.001248204667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP V/R /PERP/</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD V/R /PERP/ SER F 6.75000000</title>
        <cusip>29273VAL4</cusip>
        <identifiers>
          <isin value="US29273VAL45"/>
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        <balance>180000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180621.09000000</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>2173-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>AT&amp;T INC 1.65% 02/01/28</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 1.65000000</title>
        <cusip>00206RKG6</cusip>
        <identifiers>
          <isin value="US00206RKG64"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45650.94000000</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALPHABET INC 1.1% 08/15/30</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC REGD 1.10000000</title>
        <cusip>02079KAD9</cusip>
        <identifiers>
          <isin value="US02079KAD90"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>67297.34000000</valUSD>
        <pctVal>0.003617964644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.10000000</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>SOUTHERN CAL ED 5.65% 10/01/28</name>
        <lei>N/A</lei>
        <title>SOUTHERN CAL EDISON REGD 5.65000000</title>
        <cusip>842400HY2</cusip>
        <identifiers>
          <isin value="US842400HY20"/>
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        <balance>308000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>318592.37000000</valUSD>
        <pctVal>0.017127808181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COREBRIDGE FINA 3.85% 04/05/29</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC REGD 3.85000000</title>
        <cusip>21871XAF6</cusip>
        <identifiers>
          <isin value="US21871XAF69"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <name>GNR 2020-H13 FA V/R 07/20/70</name>
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      <invstOrSec>
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        <name>CAPITAL ONE FINAN V/R 06/08/34</name>
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        <name>UMBS P#AL1779 5.5% 12/01/38</name>
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        <name>GNMA II P#MA3735 3% 06/20/46</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 03/05/29</name>
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      <invstOrSec>
        <name>UMBS P#MA4367 1.5% 06/01/31</name>
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        <name>HONDA MOTOR CO 2.534% 03/10/27</name>
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      <invstOrSec>
        <name>MOLSON COORS BEV 4.2% 07/15/46</name>
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        <cusip>60871RAH3</cusip>
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      <invstOrSec>
        <name>TARGET CORP 2.95% 01/15/52</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
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        <name>F/C US 10YR ULTRA FUT MAR25</name>
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        <name>EQT CORP 5% 01/15/29</name>
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        <name>CHENIERE CORP CH 3.7% 11/15/29</name>
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        <name>REPUBLIC OF CH 3.125% 01/21/26</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF CHILE REGD 3.12500000</title>
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          <isin value="US168863CA49"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>CL</invCountry>
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      <invstOrSec>
        <name>QUALCOMM INC 4.3% 05/20/47</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>UMBS P#MA1711 4.5% 12/01/43</name>
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        <title>FANNIE MAE POOL UMBS P#MA1711 4.50000000</title>
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        <issuerCat>USGSE</issuerCat>
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        <name>GNR 2022-210 IO V/R 07/16/64</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>UY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>KINGP 2021-1A A V/R 01/21/35</name>
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        <invCountry>KY</invCountry>
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        <name>HUMANA INC 4.625% 12/01/42</name>
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        <name>NRZT 2022-NQM4 A V/R 06/25/26</name>
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        <name>DUKE ENERGY CAR 6.05% 04/15/38</name>
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        <name>UMBS P#FS2442 4% 07/01/52</name>
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        <name>WEYERHAEUSER CO 4% 03/09/52</name>
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        <name>BANK5 2024-5YR6  V/R 04/15/29</name>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC V/R 06/04/26</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BLUE OWL CREDIT 7.75% 09/16/27</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STARBUCKS CORP 4.45% 08/15/49</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>STARBUCKS CORP REGD 4.45000000</title>
        <cusip>855244AU3</cusip>
        <identifiers>
          <isin value="US855244AU31"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21656.60000000</valUSD>
        <pctVal>0.001164278010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA3042 2.5% 06/01/32</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA3042 2.50000000</title>
        <cusip>31418CLY8</cusip>
        <identifiers>
          <isin value="US31418CLY83"/>
        </identifiers>
        <balance>95262.41000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90043.72000000</valUSD>
        <pctVal>0.004840830193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</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>ABBOTT LABORATOR 4.9% 11/30/46</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>ABBOTT LABORATORIES REGD 4.90000000</title>
        <cusip>002824BH2</cusip>
        <identifiers>
          <isin value="US002824BH26"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>181577.53000000</valUSD>
        <pctVal>0.009761768945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</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>JOHNSON &amp; JOHN 3.625% 03/03/37</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>JOHNSON &amp; JOHNSON REGD 3.62500000</title>
        <cusip>478160CF9</cusip>
        <identifiers>
          <isin value="US478160CF96"/>
        </identifiers>
        <balance>340000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303438.08000000</valUSD>
        <pctVal>0.016313100119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRGINIA ELEC &amp; 5.35% 01/15/54</name>
        <lei>N/A</lei>
        <title>VIRGINIA ELEC &amp; POWER CO REGD 5.35000000</title>
        <cusip>927804GQ1</cusip>
        <identifiers>
          <isin value="US927804GQ14"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15072.34000000</valUSD>
        <pctVal>0.000810302357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</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>ANHEUSER-BUSCH  4.75% 01/23/29</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH INBEV WOR REGD 4.75000000</title>
        <cusip>035240AQ3</cusip>
        <identifiers>
          <isin value="US035240AQ30"/>
        </identifiers>
        <balance>240000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>242456.89000000</valUSD>
        <pctVal>0.013034697297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FS0037 3% 08/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS0037 3.00000000</title>
        <cusip>3140XFBF7</cusip>
        <identifiers>
          <isin value="US3140XFBF76"/>
        </identifiers>
        <balance>62484.70000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55889.31000000</valUSD>
        <pctVal>0.003004658840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</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>EDUSA 2015-1 A V/R 10/25/56</name>
        <lei>N/A</lei>
        <title>EDSOUTH INDENTURE NO 9 LLC SER 2015-1 CL A V/R 144A P/P 5.64851000</title>
        <cusip>281378AA7</cusip>
        <identifiers>
          <isin value="US281378AA73"/>
        </identifiers>
        <balance>226024.54000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>225332.48000000</valUSD>
        <pctVal>0.012114073838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.64851000</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>HOME DEPOT INC 4.25% 04/01/46</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 4.25000000</title>
        <cusip>437076BH4</cusip>
        <identifiers>
          <isin value="US437076BH45"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43632.58000000</valUSD>
        <pctVal>0.002345726172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUKE ENERGY COR 2.65% 09/01/26</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUKE ENERGY CORP REGD 2.65000000</title>
        <cusip>26441CAS4</cusip>
        <identifiers>
          <isin value="US26441CAS44"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48357.26000000</valUSD>
        <pctVal>0.002599729156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQUINOR ASA 3.25% 11/18/49</name>
        <lei>N/A</lei>
        <title>EQUINOR ASA REGD 3.25000000</title>
        <cusip>29446MAC6</cusip>
        <identifiers>
          <isin value="US29446MAC64"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36430.75000000</valUSD>
        <pctVal>0.001958549408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#AD5335 5% 07/01/40</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AD5335 5.00000000</title>
        <cusip>31418S4V8</cusip>
        <identifiers>
          <isin value="US31418S4V82"/>
        </identifiers>
        <balance>2607.26000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2640.55000000</valUSD>
        <pctVal>0.000141958308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>BALTIMORE GAS &amp;  2.9% 06/15/50</name>
        <lei>N/A</lei>
        <title>BALTIMORE GAS &amp; ELECTRIC REGD 2.90000000</title>
        <cusip>059165EM8</cusip>
        <identifiers>
          <isin value="US059165EM80"/>
        </identifiers>
        <balance>67000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44828.30000000</valUSD>
        <pctVal>0.002410009139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</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>P/O US 10Y NOTE W5 O NOV24 110</name>
        <lei>N/A</lei>
        <title>PUT OPTION ON US 10Y NOTE W5 OP NOV24 110 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="5MX4P 110"/>
        </identifiers>
        <balance>219.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>WESTERN</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>P/O US 10Y NOTE W5 O NOV24 110</issuerName>
                <issueTitle>0</issueTitle>
                <identifiers>
                  <ticker value="5MX4P 110"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1000.00000000</shareNo>
            <exercisePrice>110.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-11-29</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-15035.12000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US TREAS NTS 4.25% 06/30/31</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
        <cusip>91282CKW0</cusip>
        <identifiers>
          <isin value="US91282CKW00"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>805531.25000000</valUSD>
        <pctVal>0.043306073946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCK &amp; CO INC 3.6% 09/15/42</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MERCK &amp; CO INC REGD 3.60000000</title>
        <cusip>589331AS6</cusip>
        <identifiers>
          <isin value="US589331AS67"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20322.84000000</valUSD>
        <pctVal>0.001092573890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSMC 2019-AFC1 A V/R 07/25/23</name>
        <lei>N/A</lei>
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        <name>GENERAL MOTORS C 5.4% 04/01/48</name>
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        <name>GNMA II P#MA7367 2.5% 05/20/51</name>
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        <name>ROPER TECHNOLOG 1.75% 02/15/31</name>
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        <name>AMXCA 2023-2 A 4.8% 05/15/28</name>
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        <name>GRADE 2024-CES1  V/R 09/25/32</name>
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        <name>GNMA II P#MA5193 4.5% 05/20/48</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>WELLS FARGO &amp; COM V/R 10/23/29</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R 6.30300000</title>
        <cusip>95000U3G6</cusip>
        <identifiers>
          <isin value="US95000U3G61"/>
        </identifiers>
        <balance>511000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>537559.24000000</valUSD>
        <pctVal>0.028899661184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.30300000</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>DOLLAR GENERAL 4.125% 04/03/50</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
        <title>DOLLAR GENERAL CORP REGD 4.12500000</title>
        <cusip>256677AH8</cusip>
        <identifiers>
          <isin value="US256677AH84"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19215.17000000</valUSD>
        <pctVal>0.001033024569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-03</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTEL CORP 3.05% 08/12/51</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTEL CORP REGD 3.05000000</title>
        <cusip>458140BW9</cusip>
        <identifiers>
          <isin value="US458140BW93"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>142554.70000000</valUSD>
        <pctVal>0.007663867019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</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>PHILIP MORRIS  5.625% 09/07/33</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL INC REGD 5.62500000</title>
        <cusip>718172DE6</cusip>
        <identifiers>
          <isin value="US718172DE67"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26049.61000000</valUSD>
        <pctVal>0.001400450121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONOCOPHILLIPS  5.55% 03/15/54</name>
        <lei>N/A</lei>
        <title>CONOCOPHILLIPS COMPANY REGD 5.55000000</title>
        <cusip>20826FBG0</cusip>
        <identifiers>
          <isin value="US20826FBG00"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25371.17000000</valUSD>
        <pctVal>0.001363976585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMAZON.COM INC 3.6% 04/13/32</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 3.60000000</title>
        <cusip>023135CH7</cusip>
        <identifiers>
          <isin value="US023135CH74"/>
        </identifiers>
        <balance>360000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>338586.64000000</valUSD>
        <pctVal>0.018202717857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA5465 3.5% 09/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5465 3.50000000</title>
        <cusip>36179UCA8</cusip>
        <identifiers>
          <isin value="US36179UCA88"/>
        </identifiers>
        <balance>114884.24000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>106405.90000000</valUSD>
        <pctVal>0.005720475492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREAS BDS 2.875% 11/15/46</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.87500000</title>
        <cusip>912810RU4</cusip>
        <identifiers>
          <isin value="US912810RU43"/>
        </identifiers>
        <balance>1110000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>854136.33000000</valUSD>
        <pctVal>0.045919126126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>META PLATFORMS  4.45% 08/15/52</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META PLATFORMS INC REGD SER WI 4.45000000</title>
        <cusip>30303M8J4</cusip>
        <identifiers>
          <isin value="US30303M8J41"/>
        </identifiers>
        <balance>375000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>334868.85000000</valUSD>
        <pctVal>0.018002846172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERIZON COMMUN 4.272% 01/15/36</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD SER WI 4.27200000</title>
        <cusip>92343VCV4</cusip>
        <identifiers>
          <isin value="US92343VCV45"/>
        </identifiers>
        <balance>21000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19460.53000000</valUSD>
        <pctVal>0.001046215340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.27200000</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>OCCIDENTAL PETR 6.05% 10/01/54</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>OCCIDENTAL PETROLEUM COR REGD 6.05000000</title>
        <cusip>674599EM3</cusip>
        <identifiers>
          <isin value="US674599EM33"/>
        </identifiers>
        <balance>700000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>692032.32000000</valUSD>
        <pctVal>0.037204270875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA4606 2% 05/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4606 2.00000000</title>
        <cusip>31418EDL1</cusip>
        <identifiers>
          <isin value="US31418EDL11"/>
        </identifiers>
        <balance>84778.56000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71364.75000000</valUSD>
        <pctVal>0.003836632210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>UMBS P#QF5465 5% 12/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QF5465 5.00000000</title>
        <cusip>3133BTCA6</cusip>
        <identifiers>
          <isin value="US3133BTCA61"/>
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        <balance>167069.02000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>164585.46000000</valUSD>
        <pctVal>0.008848260202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>WALMART INC 4.5% 04/15/53</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WALMART INC REGD 4.50000000</title>
        <cusip>931142FE8</cusip>
        <identifiers>
          <isin value="US931142FE87"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46170.72000000</valUSD>
        <pctVal>0.002482178828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>CATERPILLAR FINL 4.5% 01/08/27</name>
        <lei>N/A</lei>
        <title>CATERPILLAR FINL SERVICE REGD 4.50000000</title>
        <cusip>14913UAE0</cusip>
        <identifiers>
          <isin value="US14913UAE01"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50180.24000000</valUSD>
        <pctVal>0.002697734177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>CON EDISON CO  4.625% 12/01/54</name>
        <lei>N/A</lei>
        <title>CON EDISON CO OF NY INC REGD 4.62500000</title>
        <cusip>209111FF5</cusip>
        <identifiers>
          <isin value="US209111FF50"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22386.35000000</valUSD>
        <pctVal>0.001203510017</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>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCK &amp; CO INC 2.75% 12/10/51</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MERCK &amp; CO INC REGD 2.75000000</title>
        <cusip>58933YBF1</cusip>
        <identifiers>
          <isin value="US58933YBF16"/>
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        <balance>390000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>251695.44000000</valUSD>
        <pctVal>0.013531369933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>REPUBLIC OF PO 4.875% 10/04/33</name>
        <lei>N/A</lei>
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        <invCountry>PL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AFLAC INC 1.125% 03/15/26</name>
        <lei>549300N0B7DOGLXWPP39</lei>
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        <cusip>001055BK7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SALESFORCE INC 3.05% 07/15/61</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA TBA 15YR 2.5% DEC 24</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SK HYNIX INC 5.5% 01/16/27</name>
        <lei>988400XAIK6XISWQV045</lei>
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        <cusip>78392BAG2</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 07/22/27</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GJS9</cusip>
        <identifiers>
          <isin value="US06051GJS93"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323681.39000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>BP CAP MARKETS 4.989% 04/10/34</name>
        <lei>N/A</lei>
        <title>BP CAP MARKETS AMERICA REGD 4.98900000</title>
        <cusip>10373QBW9</cusip>
        <identifiers>
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        <balance>93000.00000000</balance>
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        <valUSD>93087.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TRUIST FINANCIAL  V/R 06/08/34</name>
        <lei>549300DRQQI75D2JP341</lei>
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        <cusip>89788MAP7</cusip>
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        <balance>25000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 07/23/29</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PAV8</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BROADCOM INC 3.75% 02/15/51</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC REGD 144A P/P 3.75000000</title>
        <cusip>11135FBG5</cusip>
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          <isin value="US11135FBG54"/>
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        <balance>100000.00000000</balance>
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        <valUSD>76891.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UNION PACIFIC C 2.95% 03/10/52</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
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        <cusip>907818FW3</cusip>
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          <isin value="US907818FW39"/>
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        <valUSD>30207.61000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <lei>98TPTUM4IVMFCZBCUR27</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL SECS CL 1.5% 04/23/25</name>
        <lei>N/A</lei>
        <title>NATIONAL SECS CLEARING REGD 144A P/P 1.50000000</title>
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        <name>GNMA P#AP1362 4% 11/15/45</name>
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        <name>MERCK &amp; CO INC 4% 03/07/49</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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        <cusip>58933YAW5</cusip>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 2.5% 03/31/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 2.50000000</title>
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          <isin value="US91282CEF41"/>
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        <curCd>USD</curCd>
        <valUSD>5783906.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
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      <invstOrSec>
        <name>GNR 2023-130 IO 4% 08/20/47</name>
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      <invstOrSec>
        <name>ONEOK INC 5.2% 07/15/48</name>
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      <invstOrSec>
        <name>GNMA II P#4617 4.5% 01/20/40</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>GNMA II P#MA7419 3% 06/20/51</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SEMPRA 3.8% 02/01/38</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BGCLO 2024-11A A V/R 01/22/38</name>
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          <isin value="US09077YAA29"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BT0846 2.5% 07/01/51</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>US TREAS BDS 4.625% 05/15/54</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.62500000</title>
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          <isin value="US912810UA42"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FGLMC P#G16756 3.5% 01/01/34</name>
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        <valUSD>115653.23000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NYC 2024-3ELV A V/R 08/15/26</name>
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        <name>ENTERGY LOUISIAN 4.2% 09/01/48</name>
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          <isin value="US29364WBB37"/>
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        <name>PRKCM 2022-AFC2  V/R 08/25/57</name>
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        <name>SUZANO AUSTRIA 3.125% 01/15/32</name>
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        <name>UMBS P#SD2991 2.5% 09/01/51</name>
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      <invstOrSec>
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        <name>GLOBAL PAYMENTS  1.2% 03/01/26</name>
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        <name>EIDP INC 4.8% 05/15/33</name>
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        <name>APPLE INC 3.95% 08/08/52</name>
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      <invstOrSec>
        <name>UMBS P#AL6854 3% 02/01/44</name>
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        <name>UMBS P#BU0720 2% 10/01/51</name>
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      <invstOrSec>
        <name>RTX CORP 4.125% 11/16/28</name>
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        <name>GATX CORP 5.45% 09/15/33</name>
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        <name>UMBS P#AS8623 3% 01/01/47</name>
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        <name>ESSENTIAL PROPE 2.95% 07/15/31</name>
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        <name>TOYOTA MOTOR CREDI 5% 08/14/26</name>
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        <name>RTX CORP 3.03% 03/15/52</name>
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        <name>BANK OF AMERICA C V/R 07/23/29</name>
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      <invstOrSec>
        <name>STRYKER CORP 2.9% 06/15/50</name>
        <lei>5493002F0SC4JTBU5137</lei>
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        <name>ROGERS COMMUNICA 5.3% 02/15/34</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA6711 3.5% 06/20/50</name>
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      <invstOrSec>
        <name>WELLTOWER OP L 4.125% 03/15/29</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>LEHMAN BRTH HLD 6.75% 12/28/17</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FGLMC P#G08833 5% 07/01/48</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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      <invstOrSec>
        <name>CANADIAN PACIFIC 3.1% 12/02/51</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>T/L AQGEN ASC 0% 08/02/2028</name>
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      <invstOrSec>
        <name>UMBS P#AT9637 4% 07/01/43</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FGLMC P#A78602 6% 06/01/38</name>
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      <invstOrSec>
        <name>UMBS P#MA4627 2% 06/01/37</name>
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      <invstOrSec>
        <name>MARSH &amp; MCLENNA 5.45% 03/15/53</name>
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      <invstOrSec>
        <name>BANK OF NY MELL 2.45% 08/17/26</name>
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        <name>CAS 2022-R04 1M2 V/R 03/25/42</name>
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        <name>ERP OPERATING L 1.85% 08/01/31</name>
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        <name>AERCAP IRELAND CA V/R 03/10/55</name>
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        <name>CREDIT AGRICOL V/R /PERP//EUR/</name>
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      <invstOrSec>
        <name>EXXON MOBIL CO 4.114% 03/01/46</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
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        <cusip>30231GAW2</cusip>
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      <invstOrSec>
        <name>TORONTO-DOMINIO 1.15% 06/12/25</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>UMBS P#FS0612 2% 02/01/52</name>
        <lei>N/A</lei>
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        <name>PUB SVC NEW HAM 5.15% 01/15/53</name>
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        <cusip>744482BP4</cusip>
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        <name>US TREAS BDS 4% 11/15/42</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.00000000</title>
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        <issuerCat>UST</issuerCat>
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        <name>LOWE'S COS INC 3% 10/15/50</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <cusip>548661DZ7</cusip>
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        <issuerCat>CORP</issuerCat>
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        <name>COSTCO WHOLESALE 1.6% 04/20/30</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
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      <invstOrSec>
        <name>OHIO POWER COMPANY 5% 06/01/33</name>
        <lei>N/A</lei>
        <title>OHIO POWER COMPANY REGD 5.00000000</title>
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          <isin value="US677415CV13"/>
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        <balance>89000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88499.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS AG STAMFORD 2.95% 04/09/25</name>
        <lei>N/A</lei>
        <title>UBS AG STAMFORD CT REGD 2.95000000</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FREEPORT-MCMORAN 5.4% 11/14/34</name>
        <lei>549300IRDTHJQ1PVET45</lei>
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        <cusip>35671DBJ3</cusip>
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          <isin value="US35671DBJ37"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71117.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNR 2020-37 IM 4% 06/25/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2020-37 CL IM 4.00000000</title>
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          <isin value="US3136B9W459"/>
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        <curCd>USD</curCd>
        <valUSD>115466.26000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITEDHEALTH G 3.875% 08/15/59</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 3.87500000</title>
        <cusip>91324PDV1</cusip>
        <identifiers>
          <isin value="US91324PDV13"/>
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        <balance>120000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91563.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4473 1.5% 11/01/41</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4473 1.50000000</title>
        <cusip>31418D6K3</cusip>
        <identifiers>
          <isin value="US31418D6K36"/>
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        <balance>957971.99000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>792508.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#FS1015 2% 02/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS1015 2.00000000</title>
        <cusip>3140XGDV8</cusip>
        <identifiers>
          <isin value="US3140XGDV81"/>
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        <balance>333429.17000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>271155.91000000</valUSD>
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        <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>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TIME WARNER CAB 6.75% 06/15/39</name>
        <lei>N/A</lei>
        <title>TIME WARNER CABLE LLC REGD 6.75000000</title>
        <cusip>88732JAU2</cusip>
        <identifiers>
          <isin value="US88732JAU25"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25318.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>OHIO POWER COMPA 2.9% 10/01/51</name>
        <lei>N/A</lei>
        <title>OHIO POWER COMPANY REGD SER R 2.90000000</title>
        <cusip>677415CU3</cusip>
        <identifiers>
          <isin value="US677415CU30"/>
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        <balance>118000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75469.55000000</valUSD>
        <pctVal>0.004057309897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHARTER COMM OP 3.95% 06/30/62</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD 3.95000000</title>
        <cusip>161175CG7</cusip>
        <identifiers>
          <isin value="US161175CG74"/>
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        <balance>101000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65271.76000000</valUSD>
        <pctVal>0.003509067668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOEING CO 3.95% 08/01/59</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO REGD 3.95000000</title>
        <cusip>097023CR4</cusip>
        <identifiers>
          <isin value="US097023CR48"/>
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        <balance>248000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168686.67000000</valUSD>
        <pctVal>0.009068744887</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>TRANSATLANTIC HOLD 8% 11/30/39</name>
        <lei>N/A</lei>
        <title>TRANSATLANTIC HOLDINGS REGD 8.00000000</title>
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        <identifiers>
          <isin value="US893521AB05"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>704548.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD7548 2.5% 11/01/51</name>
        <lei>N/A</lei>
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        <cusip>3132DVL52</cusip>
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        <valUSD>252183.93000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA1253 4% 11/01/42</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRUDENTIAL FINAN 5.7% 12/14/36</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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        <cusip>74432QAQ8</cusip>
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          <isin value="US74432QAQ82"/>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DUKE UNIVERSITY 3.92% 06/01/47</name>
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        <title>DUKE UNIVERSITY HEALTH REGD SER 2017 3.92000000</title>
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          <isin value="US26443CAA18"/>
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        <valUSD>170752.38000000</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GATX CORP 4.7% 04/01/29</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX CORP REGD 4.70000000</title>
        <cusip>361448BE2</cusip>
        <identifiers>
          <isin value="US361448BE25"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24935.19000000</valUSD>
        <pctVal>0.001340537914</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD2762 5.5% 05/01/53</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD2762 5.50000000</title>
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          <isin value="US3132DQB704"/>
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        <balance>173135.16000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173972.48000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>WILLIS NORTH AM 2.95% 09/15/29</name>
        <lei>N/A</lei>
        <title>WILLIS NORTH AMERICA INC REGD 2.95000000</title>
        <cusip>970648AJ0</cusip>
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          <isin value="US970648AJ01"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23007.66000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHR 5118 NI 2% 02/25/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 5118 CL NI 2.00000000</title>
        <cusip>3137H0TS7</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEWMONT CORP 5.875% 04/01/35</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>NEWMONT CORP REGD SER * 5.87500000</title>
        <cusip>651639AW6</cusip>
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          <isin value="US651639AW68"/>
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        <balance>133000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>141064.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD8003 4% 07/01/49</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8003 4.00000000</title>
        <cusip>3132DV3L7</cusip>
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          <isin value="US3132DV3L71"/>
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        <curCd>USD</curCd>
        <valUSD>114831.97000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 11/15/48</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MANULIFE FINANC 4.15% 03/04/26</name>
        <lei>5493007GBX87QOZACS27</lei>
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        <cusip>56501RAC0</cusip>
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          <isin value="US56501RAC07"/>
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        <curCd>USD</curCd>
        <valUSD>24877.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-04</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#BF0546 2.5% 07/01/61</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BF0546 2.50000000</title>
        <cusip>3140FXTC6</cusip>
        <identifiers>
          <isin value="US3140FXTC61"/>
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        <curCd>USD</curCd>
        <valUSD>954727.90000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DUKE ENERGY COR 4.85% 01/05/27</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUKE ENERGY CORP REGD 4.85000000</title>
        <cusip>26441CCB9</cusip>
        <identifiers>
          <isin value="US26441CCB90"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50304.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-05</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STATE OF ISRAEL 5.75% 03/12/54</name>
        <lei>N/A</lei>
        <title>STATE OF ISRAEL REGD SER 30Y 5.75000000</title>
        <cusip>46514BRM1</cusip>
        <identifiers>
          <isin value="US46514BRM18"/>
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        <balance>1735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1680054.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STARBUCKS CORP 3.75% 12/01/47</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>STARBUCKS CORP REGD 3.75000000</title>
        <cusip>855244AM1</cusip>
        <identifiers>
          <isin value="US855244AM15"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19255.13000000</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>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BAT CAPITAL CORP 6% 02/20/34</name>
        <lei>N/A</lei>
        <title>BAT CAPITAL CORP REGD 6.00000000</title>
        <cusip>05526DBZ7</cusip>
        <identifiers>
          <isin value="US05526DBZ78"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94491.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>AT&amp;T INC 3.55% 09/15/55</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 3.55000000</title>
        <cusip>00206RLJ9</cusip>
        <identifiers>
          <isin value="US00206RLJ94"/>
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        <balance>1572000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1118338.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC V/R 03/09/34</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC REGD V/R 6.25400000</title>
        <cusip>404280DV8</cusip>
        <identifiers>
          <isin value="US404280DV88"/>
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        <valUSD>212610.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UBS GROUP AG V/R 04/01/31</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG REGD V/R 144A P/P 4.19400000</title>
        <cusip>225401AP3</cusip>
        <identifiers>
          <isin value="US225401AP33"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>912236.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTEGRIS INC 4.75% 04/15/29</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTEGRIS INC REGD 144A P/P 4.75000000</title>
        <cusip>29365BAA1</cusip>
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          <isin value="US29365BAA17"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>703293.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RIO TINTO FIN  5.125% 03/09/53</name>
        <lei>N/A</lei>
        <title>RIO TINTO FIN USA PLC REGD 5.12500000</title>
        <cusip>76720AAP1</cusip>
        <identifiers>
          <isin value="US76720AAP12"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24503.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FGLMC P#Q09011 4% 06/01/42</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#Q09011 4.00000000</title>
        <cusip>3132GUKY9</cusip>
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          <isin value="US3132GUKY90"/>
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        <balance>97776.23000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93936.63000000</valUSD>
        <pctVal>0.005050116485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CVS HEALTH CORP 5% 02/20/26</name>
        <lei>549300EJG376EN5NQE29</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>RTX CORP 2.82% 09/01/51</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <curCd>USD</curCd>
        <valUSD>113712.04000000</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>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.82000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMDB 2017-C5 B V/R 02/15/27</name>
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        <cusip>46590TAK1</cusip>
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          <isin value="US46590TAK16"/>
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        <balance>340000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>287497.64000000</valUSD>
        <pctVal>0.015456127937</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00880000</annualizedRt>
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      <invstOrSec>
        <name>ALLEG 2021-1A B V/R 07/20/34</name>
        <lei>N/A</lei>
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        <cusip>01750WAE9</cusip>
        <identifiers>
          <isin value="US01750WAE93"/>
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        <balance>615000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>616763.21000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-20</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ABBVIE INC 4.55% 03/15/35</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <cusip>00287YCY3</cusip>
        <identifiers>
          <isin value="US00287YCY32"/>
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        <balance>551000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>533481.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#FM9696 2.5% 12/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM9696 2.50000000</title>
        <cusip>3140XDX27</cusip>
        <identifiers>
          <isin value="US3140XDX277"/>
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        <balance>6718438.14000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5681799.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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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          <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>UMBS P#FS0434 2.5% 11/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS0434 2.50000000</title>
        <cusip>3140XFPU9</cusip>
        <identifiers>
          <isin value="US3140XFPU97"/>
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        <balance>76131.02000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65229.99000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>THERMO FISHER SCIE 2% 10/15/31</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>THERMO FISHER SCIENTIFIC REGD 2.00000000</title>
        <cusip>883556CL4</cusip>
        <identifiers>
          <isin value="US883556CL42"/>
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        <balance>164000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138762.87000000</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>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>SOUTHERN CAL E 5.875% 12/01/53</name>
        <lei>N/A</lei>
        <title>SOUTHERN CAL EDISON REGD 5.87500000</title>
        <cusip>842400HX4</cusip>
        <identifiers>
          <isin value="US842400HX47"/>
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        <balance>55000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58159.10000000</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>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>EASTMAN CHEMIC 5.625% 02/20/34</name>
        <lei>FDPVHDGJ1IQZFK9KH630</lei>
        <title>EASTMAN CHEMICAL CO REGD 5.62500000</title>
        <cusip>277432AY6</cusip>
        <identifiers>
          <isin value="US277432AY69"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25539.82000000</valUSD>
        <pctVal>0.001373043359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>US TIPS 1.125% 01/15/33</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY INFLATION INDEXED BONDS 1.12500000</title>
        <cusip>91282CGK1</cusip>
        <identifiers>
          <isin value="US91282CGK18"/>
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        <balance>1513712.20000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1425419.55000000</valUSD>
        <pctVal>0.076631818365</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FGLMC P#G06669 6.5% 09/01/39</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G06669 6.50000000</title>
        <cusip>3128M8W67</cusip>
        <identifiers>
          <isin value="US3128M8W672"/>
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        <balance>36005.97000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37497.76000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>AMXCA 2022-3 A 3.75% 08/15/25</name>
        <lei>N/A</lei>
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        <cusip>02582JJV3</cusip>
        <identifiers>
          <isin value="US02582JJV35"/>
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        <balance>118000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117349.88000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>US TREAS NTS 4% 07/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.00000000</title>
        <cusip>91282CLC3</cusip>
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          <isin value="US91282CLC37"/>
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        <curCd>USD</curCd>
        <valUSD>995957.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ASIAN DEVELOPME 4.25% 01/09/26</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>ASIAN DEVELOPMENT BANK REGD MTN 4.25000000</title>
        <cusip>045167FU2</cusip>
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          <isin value="US045167FU29"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199634.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BOSTON PROPERTIE 6.5% 01/15/34</name>
        <lei>N/A</lei>
        <title>BOSTON PROPERTIES LP REGD 6.50000000</title>
        <cusip>10112RBH6</cusip>
        <identifiers>
          <isin value="US10112RBH66"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26741.29000000</valUSD>
        <pctVal>0.001437635451</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP 5% 05/15/50</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD 5.00000000</title>
        <cusip>29278NAR4</cusip>
        <identifiers>
          <isin value="US29278NAR44"/>
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        <balance>347000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>309831.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#BS8420 4% 04/20/50</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#BS8420 4.00000000</title>
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        <identifiers>
          <isin value="US3617MKK998"/>
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        <curCd>USD</curCd>
        <valUSD>50857.55000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HCA INC 5.125% 06/15/39</name>
        <lei>N/A</lei>
        <title>HCA INC REGD 5.12500000</title>
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        <curCd>USD</curCd>
        <valUSD>23746.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOME DEPOT INC 4.875% 02/15/44</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 4.87500000</title>
        <cusip>437076BD3</cusip>
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          <isin value="US437076BD31"/>
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        <curCd>USD</curCd>
        <valUSD>23920.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VERIZON COMMUNI 2.65% 11/20/40</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 2.65000000</title>
        <cusip>92343VFT6</cusip>
        <identifiers>
          <isin value="US92343VFT61"/>
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        <balance>333000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>237634.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FGLMC P#G08348 5% 06/01/39</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G08348 5.00000000</title>
        <cusip>3128MJL65</cusip>
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          <isin value="US3128MJL657"/>
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        <curCd>USD</curCd>
        <valUSD>23057.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MPLX LP 4.5% 04/15/38</name>
        <lei>N/A</lei>
        <title>MPLX LP REGD 4.50000000</title>
        <cusip>55336VAM2</cusip>
        <identifiers>
          <isin value="US55336VAM28"/>
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        <balance>130000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117557.73000000</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>2038-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEERE &amp; COMPANY 3.9% 06/09/42</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>DEERE &amp; COMPANY REGD 3.90000000</title>
        <cusip>244199BF1</cusip>
        <identifiers>
          <isin value="US244199BF15"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21648.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>BGCLO 2023-7A A1 V/R 10/20/36</name>
        <lei>N/A</lei>
        <title>BIRCH GROVE CLO 7 LTD SER 2023-7A CL A1 V/R REGD 144A P/P 6.41740000</title>
        <cusip>09077RAA7</cusip>
        <identifiers>
          <isin value="US09077RAA77"/>
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        <balance>560000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>564632.88000000</valUSD>
        <pctVal>0.030355164066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.41740000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WARNERMEDIA HO 4.054% 03/15/29</name>
        <lei>N/A</lei>
        <title>WARNERMEDIA HOLDINGS INC REGD SER WI 4.05400000</title>
        <cusip>55903VBB8</cusip>
        <identifiers>
          <isin value="US55903VBB80"/>
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        <balance>610000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>577239.02000000</valUSD>
        <pctVal>0.031032881325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRIXMOR OPERATIN 5.5% 02/15/34</name>
        <lei>N/A</lei>
        <title>BRIXMOR OPERATING PART REGD 5.50000000</title>
        <cusip>11120VAM5</cusip>
        <identifiers>
          <isin value="US11120VAM54"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25362.50000000</valUSD>
        <pctVal>0.001363510478</pctVal>
        <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>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RTX CORP 2.25% 07/01/30</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 2.25000000</title>
        <cusip>75513EAD3</cusip>
        <identifiers>
          <isin value="US75513EAD31"/>
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        <balance>140000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123125.12000000</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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#FS3350 4.5% 09/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS3350 4.50000000</title>
        <cusip>3140XJWL3</cusip>
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          <isin value="US3140XJWL38"/>
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        <balance>604964.55000000</balance>
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        <curCd>USD</curCd>
        <valUSD>585105.83000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>FHR 4980 KI 4.5% 06/25/50</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 4980 CL KI 4.50000000</title>
        <cusip>3137FTLA3</cusip>
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          <isin value="US3137FTLA39"/>
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        <curCd>USD</curCd>
        <valUSD>378469.32000000</valUSD>
        <pctVal>0.020346846082</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>VERIZON COMMUNI 5.25% 03/16/37</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 5.25000000</title>
        <cusip>92343VDU5</cusip>
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          <isin value="US92343VDU52"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10046.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>STARBUCKS CORP 4.5% 11/15/48</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>STARBUCKS CORP REGD 4.50000000</title>
        <cusip>855244AS8</cusip>
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          <isin value="US855244AS84"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21858.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>UBSCM 2019-C1 2.668% 08/15/29</name>
        <lei>N/A</lei>
        <title>UBS COMMERCIAL MORTGAGE TRUST SER 2019-C17 CL A3 REGD 2.66860000</title>
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          <isin value="US90278MAZ05"/>
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        <balance>469980.69000000</balance>
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        <curCd>USD</curCd>
        <valUSD>423310.67000000</valUSD>
        <pctVal>0.022757556801</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.66860000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COREBRIDGE FINAN 4.4% 04/05/52</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC REGD 4.40000000</title>
        <cusip>21871XAM1</cusip>
        <identifiers>
          <isin value="US21871XAM11"/>
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        <name>PRPM 2024-RCF1 A V/R 01/25/28</name>
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        <name>AEP TRANSMISSIO 2.75% 08/15/51</name>
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        <name>BANK OF AMERICA C V/R 02/04/28</name>
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        <name>GOLDMAN SACHS GRO V/R 07/21/42</name>
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        <name>UMBS P#QC9511 2% 10/01/51</name>
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        <name>REGENCY CENTERS 5.25% 01/15/34</name>
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        <name>ROYAL BANK OF CA 5.2% 07/20/26</name>
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        <name>BOEING CO 3.55% 03/01/38</name>
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        <name>UNIV OF CALIFOR 2.65% 05/15/50</name>
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        <name>DUKE ENERGY FLO 1.75% 06/15/30</name>
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        <name>TPMT 2020-2 A1A V/R 04/25/60</name>
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        <name>UMBS P#MA3282 2.5% 02/01/33</name>
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        <name>AVALONBAY COMMUN 5.3% 12/07/33</name>
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        <name>DUKE ENERGY PRO 3.45% 03/15/29</name>
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        <name>GNMA II P#785663 2.5% 10/20/51</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NASDAQ INC 5.55% 02/15/34</name>
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          <couponKind>Fixed</couponKind>
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          <couponKind>Fixed</couponKind>
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        <name>FNR 2015-65 CZ 3.5% 09/25/45</name>
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        <name>OHIO POWER COMPA 2.6% 04/01/30</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CISCO SYSTEMS I 5.35% 02/26/64</name>
        <lei>549300LKFJ962MZ46593</lei>
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        <cusip>17275RBV3</cusip>
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        <curCd>USD</curCd>
        <valUSD>25474.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CGCMT 2019-C7 XA V/R 09/15/29</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>431729.62000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2072-12-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FGLMC P#G03812 5.5% 02/01/38</name>
        <lei>N/A</lei>
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        <cusip>3128M5R93</cusip>
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          <isin value="US3128M5R934"/>
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        <curCd>USD</curCd>
        <valUSD>3.23000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KENVUE INC 4.9% 03/22/33</name>
        <lei>5493008HSF8L4M2LIJ82</lei>
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        <cusip>49177JAK8</cusip>
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          <isin value="US49177JAK88"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITEDHEALTH GR 4.95% 05/15/62</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 4.95000000</title>
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        <curCd>USD</curCd>
        <valUSD>106582.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MASTERCARD INC 2.95% 03/15/51</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MASTERCARD INC REGD 2.95000000</title>
        <cusip>57636QAT1</cusip>
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          <isin value="US57636QAT13"/>
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        <curCd>USD</curCd>
        <valUSD>17239.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRAIRIE ACQUIROR L 9% 08/01/29</name>
        <lei>N/A</lei>
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          <isin value="US73943NAA46"/>
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        <curCd>USD</curCd>
        <valUSD>518960.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>WALT DISNEY COM 6.65% 11/15/37</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>WALT DISNEY COMPANY/THE REGD SER WI 6.65000000</title>
        <cusip>254687EH5</cusip>
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          <isin value="US254687EH59"/>
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        <curCd>USD</curCd>
        <valUSD>34503.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NIPPON LIFE INSUR V/R 09/16/51</name>
        <lei>549300Y0HHMFW3EVWY08</lei>
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        <cusip>654579AK7</cusip>
        <identifiers>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>646647.43000000</valUSD>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BH4101 3.5% 10/01/47</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BH4101 3.50000000</title>
        <cusip>3140GSRX2</cusip>
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          <isin value="US3140GSRX23"/>
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        <valUSD>842829.56000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NORTHROP GRUMMAN 4.7% 03/15/33</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>NORTHROP GRUMMAN CORP REGD 4.70000000</title>
        <cusip>666807CH3</cusip>
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          <isin value="US666807CH36"/>
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        <curCd>USD</curCd>
        <valUSD>330257.76000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>EQUINIX INC 3.2% 11/18/29</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQUINIX INC REGD 3.20000000</title>
        <cusip>29444UBE5</cusip>
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          <isin value="US29444UBE55"/>
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        <name>GOLDMAN SACHS GRO V/R 12/09/26</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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      <invstOrSec>
        <name>AETNA INC 6.625% 06/15/36</name>
        <lei>N/A</lei>
        <title>AETNA INC REGD 6.62500000</title>
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        <identifiers>
          <isin value="US00817YAF51"/>
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          <maturityDt>2036-06-15</maturityDt>
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        <name>ANHEUSER-BUSCH I 4.9% 02/01/46</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH INBEV FIN REGD 4.90000000</title>
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          <isin value="US035242AN64"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#QB8975 2% 03/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QB8975 2.00000000</title>
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          <isin value="US3133AF6L00"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>US TREAS NTS 3.75% 12/31/30</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.75000000</title>
        <cusip>91282CJQ5</cusip>
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          <isin value="US91282CJQ50"/>
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        <name>GNMA II P#MA0698 3% 01/20/43</name>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>LOWE'S COS INC 3.65% 04/05/29</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <name>UNITEDHEALTH GR 5.05% 04/15/53</name>
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      <invstOrSec>
        <name>UMBS P#CA1182 3.5% 02/01/48</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>GNMA II P#MA4837 3.5% 11/20/47</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOEING CO 5.15% 05/01/30</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BRITISH COLUMBI 4.75% 06/12/34</name>
        <lei>54930058TO7MEKUHWL16</lei>
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        <cusip>110709AN2</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HSBC HOLDINGS PLC V/R 08/11/33</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <cusip>404280DH9</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#SD8194 2.5% 02/01/52</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <name>CROWN CASTLE INC 5% 01/11/28</name>
        <lei>54930012H97VSM0I2R19</lei>
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        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <name>AUSTRALIAN 2.75% 11/21/28/AUD/</name>
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        <name>UMBS P#AT3870 4% 06/01/43</name>
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        <name>VERIZON COMMUNIC 4.5% 08/10/33</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOME DEPOT INC 4.4% 03/15/45</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 4.40000000</title>
        <cusip>437076BF8</cusip>
        <identifiers>
          <isin value="US437076BF88"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22438.48000000</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>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FM7675 2.5% 06/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM7675 2.50000000</title>
        <cusip>3140XBQ52</cusip>
        <identifiers>
          <isin value="US3140XBQ523"/>
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        <balance>121079.70000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>103000.42000000</valUSD>
        <pctVal>0.005537393869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA4586 3.5% 07/20/47</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4586 3.50000000</title>
        <cusip>36179TCX1</cusip>
        <identifiers>
          <isin value="US36179TCX19"/>
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        <balance>110905.02000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102594.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#786823 5.5% 07/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#786823 5.50000000</title>
        <cusip>3622ACPG9</cusip>
        <identifiers>
          <isin value="US3622ACPG92"/>
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        <balance>90606.69000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91625.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN STATES  2.6% 06/01/51</name>
        <lei>N/A</lei>
        <title>NORTHERN STATES PWR-MINN REGD 2.60000000</title>
        <cusip>665772CS6</cusip>
        <identifiers>
          <isin value="US665772CS69"/>
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        <balance>218000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138904.15000000</valUSD>
        <pctVal>0.007467610215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</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>INTER-AMERICAN 4.375% 07/17/34</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
        <title>INTER-AMERICAN DEVEL BK REGD 4.37500000</title>
        <cusip>4581X0EP9</cusip>
        <identifiers>
          <isin value="US4581X0EP90"/>
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        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>503454.17000000</valUSD>
        <pctVal>0.027066142393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTENE CORP 4.25% 12/15/27</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CENTENE CORP REGD SER WI 4.25000000</title>
        <cusip>15135BAR2</cusip>
        <identifiers>
          <isin value="US15135BAR24"/>
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        <balance>150000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145167.42000000</valUSD>
        <pctVal>0.007804329161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>LAS VEGAS SANDS  6.2% 08/15/34</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>LAS VEGAS SANDS CORP REGD 6.20000000</title>
        <cusip>517834AL1</cusip>
        <identifiers>
          <isin value="US517834AL18"/>
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        <balance>1190000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1223208.37000000</valUSD>
        <pctVal>0.065760766107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</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>FGLMC P#G08726 3% 10/01/46</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G08726 3.00000000</title>
        <cusip>3128MJYY0</cusip>
        <identifiers>
          <isin value="US3128MJYY06"/>
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        <balance>216836.66000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193238.50000000</valUSD>
        <pctVal>0.010388673028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BP CAP MARKETS 3.379% 02/08/61</name>
        <lei>N/A</lei>
        <title>BP CAP MARKETS AMERICA REGD 3.37900000</title>
        <cusip>10373QBQ2</cusip>
        <identifiers>
          <isin value="US10373QBQ29"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33991.44000000</valUSD>
        <pctVal>0.001827409941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOEING CO 4.875% 05/01/25</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO REGD 4.87500000</title>
        <cusip>097023CT0</cusip>
        <identifiers>
          <isin value="US097023CT04"/>
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        <balance>510000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>509449.58000000</valUSD>
        <pctVal>0.027388460948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#CA2199 4.5% 08/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA2199 4.50000000</title>
        <cusip>3140Q9NR0</cusip>
        <identifiers>
          <isin value="US3140Q9NR07"/>
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        <balance>23794.12000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23182.87000000</valUSD>
        <pctVal>0.001246331638</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOEING CO 3.6% 05/01/34</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO REGD 3.60000000</title>
        <cusip>097023CJ2</cusip>
        <identifiers>
          <isin value="US097023CJ22"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84945.97000000</valUSD>
        <pctVal>0.004566770635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IBM CORP 3.3% 01/27/27</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM CORP REGD 3.30000000</title>
        <cusip>459200JR3</cusip>
        <identifiers>
          <isin value="US459200JR30"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97641.38000000</valUSD>
        <pctVal>0.005249287128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FGLMC P#C91244 4.5% 04/01/29</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#C91244 4.50000000</title>
        <cusip>3128P7LZ4</cusip>
        <identifiers>
          <isin value="US3128P7LZ40"/>
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        <balance>8475.17000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8432.33000000</valUSD>
        <pctVal>0.000453329534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>GNR 2020-47 NI 3.5% 04/20/50</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-47 CL NI 3.50000000</title>
        <cusip>38382EDT1</cusip>
        <identifiers>
          <isin value="US38382EDT10"/>
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        <balance>63745.36000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12642.94000000</valUSD>
        <pctVal>0.000679695659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>FLORIDA POWER &amp; 3.95% 03/01/48</name>
        <lei>N/A</lei>
        <title>FLORIDA POWER &amp; LIGHT CO REGD 3.95000000</title>
        <cusip>341081FQ5</cusip>
        <identifiers>
          <isin value="US341081FQ54"/>
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        <balance>251000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208353.79000000</valUSD>
        <pctVal>0.011201284415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
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      <invstOrSec>
        <name>KRAFT HEINZ FOOD 5.2% 07/15/45</name>
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      <invstOrSec>
        <name>UMBS P#RB5131 2% 10/01/41</name>
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        <name>GOLDMAN SACHS G 4.25% 10/21/25</name>
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        <name>DH EUROPE FINANC 3.4% 11/15/49</name>
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        <name>UMBS P#CB1917 3% 10/01/51</name>
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        <name>DLLMT 2024-1A  4.98% 04/20/32</name>
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        <name>UMBS P#SD8246 5% 09/01/52</name>
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        <name>HALEON US CAPI 3.375% 03/24/29</name>
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        <name>GENERAL MOTORS  5.15% 04/01/38</name>
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        <name>METLIFE INC 4.125% 08/13/42</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CABOT CORP 5% 06/30/32</name>
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          <isin value="US127055AM33"/>
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        <name>UST BDS 4.375%  DUE 2/15/38</name>
        <lei>N/A</lei>
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        <issuerCat>UST</issuerCat>
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        <name>REPUBLIC OF COLOMB 8% 11/14/35</name>
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        <fairValLevel>2</fairValLevel>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>APACHE CORP 4.75% 04/15/43</name>
        <lei>72ZZ1XRHOOU9P9X16K08</lei>
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        <name>DXC TECHNOLOGY 2.375% 09/15/28</name>
        <lei>549300DOVZ3EDJB7O259</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BE7172 3% 03/01/32</name>
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        <name>VIKING CRUISES LTD 7% 02/15/29</name>
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        <name>ELI LILLY &amp; CO 4.95% 02/27/63</name>
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      <invstOrSec>
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        <name>DELL INT LLC /  3.45% 12/15/51</name>
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        <name>UMBS P#AB9683 4% 06/01/43</name>
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      <invstOrSec>
        <name>UMBS P#CA7531 3% 10/01/50</name>
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      <invstOrSec>
        <name>GNMA II P#MA7368 3% 05/20/51</name>
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      <invstOrSec>
        <name>IBM CORP 4.25% 05/15/49</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INTL FLAVOR &amp; FRAG 5% 09/26/48</name>
        <lei>BZLRL03D3GPGMOGFO832</lei>
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        <cusip>459506AL5</cusip>
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      <invstOrSec>
        <name>US TREAS NTS 3.875% 08/15/33</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.87500000</title>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAXTER INTERNA 3.132% 12/01/51</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
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        <cusip>071813CV9</cusip>
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          <isin value="US071813CV90"/>
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        <curCd>USD</curCd>
        <valUSD>16494.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FS3589 4.5% 01/01/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS3589 4.50000000</title>
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        <curCd>USD</curCd>
        <valUSD>85468.54000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>ELEVANCE HEALTH 5.85% 11/01/64</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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        <cusip>036752BF9</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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      <invstOrSec>
        <name>TPMT 2016-5 B2 V/R 10/25/56</name>
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        <cusip>89173CAF4</cusip>
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        <valUSD>683230.39000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>GNMA II P#MA8348 5% 10/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8348 5.00000000</title>
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        <identifiers>
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        <valUSD>167687.39000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ASTRAZENECA PLC 4% 09/18/42</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
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        <cusip>046353AG3</cusip>
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          <isin value="US046353AG32"/>
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        <valUSD>21750.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SIMON PROPERTY 3.375% 12/01/27</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP LP REGD 3.37500000</title>
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          <isin value="US828807DE42"/>
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          <couponKind>Fixed</couponKind>
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        <name>AMERICAN TRANSM 2.65% 01/15/32</name>
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          <isin value="US030288AC89"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD1071 3.5% 04/01/52</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>AT&amp;T INC 4.9% 08/15/37</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>GNR 2013-107 AD V/R 11/16/47</name>
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        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2013-107 CL AD V/R 2.79510000</title>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>FNR 2011-87 SG V/R 04/25/40</name>
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        <title>FANNIE MAE REMICS SER 2011-87 CL SG V/R 1.70149000</title>
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          <isin value="US3136A03E51"/>
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        <name>GNMA II P#787214 6.5% 01/20/54</name>
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        <name>GNMA II P#MA8346 4% 10/20/52</name>
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        <name>ENTERGY LOUISIA 5.15% 09/15/34</name>
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        <name>BANK OF AMERICA C V/R 08/15/35</name>
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        <name>CIM 2023-R3 A1A V/R 01/25/63</name>
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        <name>CF 2019-CF3 A 3.005% 12/15/29</name>
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        <name>BARCLAYS PLC V/R 09/13/29</name>
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        <name>VODAFONE GROUP 5.875% 06/28/64</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>COREBRIDGE FINA 5.75% 01/15/34</name>
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          <isin value="US21871XAS80"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GSMS 2018-SRP5 A V/R 06/15/21</name>
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        <name>ALMAVIVA THE  5% 10/30/30/EUR/</name>
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        <lei>B3DXGBC8GAIYWI2Z0172</lei>
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      <invstOrSec>
        <name>PRUDENTIAL FIN 3.935% 12/07/49</name>
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      <invstOrSec>
        <name>KYNDRYL HOLDINGS 2.7% 10/15/28</name>
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      <invstOrSec>
        <name>VISA INC 4.3% 12/14/45</name>
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        <name>UMBS P#QG7311 5.5% 07/01/53</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UMBS P#AR7721 2.5% 02/01/28</name>
        <lei>N/A</lei>
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        <name>NETFLIX INC 4.9% 08/15/34</name>
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        <name>S&amp;P GLOBAL INC 3.7% 03/01/52</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
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        <name>UMBS P#CB5675 4.5% 02/01/53</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRINCIPAL FINANC 3.7% 05/15/29</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>PRINCIPAL FINANCIAL GRP REGD 3.70000000</title>
        <cusip>74251VAR3</cusip>
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        <name>NUTRIEN LTD 5.625% 12/01/40</name>
        <lei>5493002QQ7GD21OWF963</lei>
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        <cusip>67077MAG3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>PEPSICO INC 4.2% 07/18/52</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <name>FORD MOTOR CRE 6.054% 11/05/31</name>
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        <name>AOMT 2023-1 A1 V/R 01/25/27</name>
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        <name>COMCAST CORP 3.4% 07/15/46</name>
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        <name>BRISTOL-MYERS SQ 5.1% 02/22/31</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <name>ABN AMRO BANK N 4.75% 07/28/25</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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        <invCountry>NL</invCountry>
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      <invstOrSec>
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        <lei>2T3D6M0JSY48PSZI1Q41</lei>
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        <name>CHARTER COMM OPT 3.5% 03/01/42</name>
        <lei>N/A</lei>
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        <name>HOME DEPOT INC 4.95% 09/15/52</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
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        <cusip>437076CT7</cusip>
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        <lei>N/A</lei>
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          <isin value="US63254AAP30"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PG&amp;E CORP V/R 03/15/55</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
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          <isin value="US69331CAM01"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#AS4347 4% 01/01/45</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CIM 2021-R3 A1A V/R 06/25/57</name>
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        <cusip>12566LAB0</cusip>
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      <invstOrSec>
        <name>GNMA II P#MA7704 2% 11/20/51</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>QUEENS HEALTH S 4.81% 07/01/52</name>
        <lei>5493002Y81US5EEDOV69</lei>
        <title>QUEENS HEALTH SYSTEMS REGD 4.81000000</title>
        <cusip>74825QAB6</cusip>
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          <isin value="US74825QAB68"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#RA3882 2% 11/01/50</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#RA3882 2.00000000</title>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>GSMS 2017-GS6 3.164% 03/10/27</name>
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        <title>GS MORTGAGE SECURITIES TRUST 2017-GS6 SER 2017-GS6 CL A2 REGD 3.16400000</title>
        <cusip>36253PAB8</cusip>
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          <isin value="US36253PAB85"/>
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      <invstOrSec>
        <name>MOSAIC CO 5.625% 11/15/43</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
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        <cusip>61945CAE3</cusip>
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          <isin value="US61945CAE30"/>
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          <couponKind>Fixed</couponKind>
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        <name>MCDONALD'S CORP 4.45% 09/01/48</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
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        <name>UMBS P#BW9886 4.5% 10/01/52</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>AT&amp;T INC 5.4% 02/15/34</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PLNT 2024-1A  5.765% 06/05/29</name>
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      <invstOrSec>
        <name>UMBS P#MA4356 2.5% 06/01/51</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IXIS 2006-HE2 A3 V/R 08/25/36</name>
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        <cusip>46602WAC8</cusip>
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          <isin value="US46602WAC82"/>
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        <balance>859660.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237866.56000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.02219000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA4128 2% 09/01/40</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4128 2.00000000</title>
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          <isin value="US31418DSS26"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68519.68000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#RB5141 2% 01/01/42</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#RB5141 2.00000000</title>
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          <isin value="US3133KYWA36"/>
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        <curCd>USD</curCd>
        <valUSD>67683.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHENIERE ENERGY 3.25% 01/31/32</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CHENIERE ENERGY PARTNERS REGD SER WI 3.25000000</title>
        <cusip>16411QAN1</cusip>
        <identifiers>
          <isin value="US16411QAN16"/>
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        <balance>486000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>428197.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARTER COMM OPT 4.2% 03/15/28</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD SER WI 4.20000000</title>
        <cusip>161175BK9</cusip>
        <identifiers>
          <isin value="US161175BK95"/>
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        <balance>460000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>447257.81000000</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>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US TREAS BDS 2.375% 05/15/51</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.37500000</title>
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        <identifiers>
          <isin value="US912810SX72"/>
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        <balance>4040000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2730314.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UBS GROUP AG V/R /PERP/</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG REGD V/R /PERP/ 144A P/P 7.75000000</title>
        <cusip>902613BK3</cusip>
        <identifiers>
          <isin value="US902613BK35"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>209875.00000000</valUSD>
        <pctVal>0.011283066013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2173-04-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>VENTAS REALTY  4.875% 04/15/49</name>
        <lei>N/A</lei>
        <title>VENTAS REALTY LP REGD 4.87500000</title>
        <cusip>92277GAQ0</cusip>
        <identifiers>
          <isin value="US92277GAQ01"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22720.79000000</valUSD>
        <pctVal>0.001221489807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMGEN INC 4.663% 06/15/51</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC REGD SER WI 4.66300000</title>
        <cusip>031162CF5</cusip>
        <identifiers>
          <isin value="US031162CF59"/>
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        <balance>150000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>132972.97000000</valUSD>
        <pctVal>0.007148744721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.66300000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA II P#MA7366 2% 05/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7366 2.00000000</title>
        <cusip>36179WFF0</cusip>
        <identifiers>
          <isin value="US36179WFF05"/>
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        <balance>874224.43000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>719173.79000000</valUSD>
        <pctVal>0.038663420358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BLUE OWL CAPITA 4.25% 01/15/26</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>BLUE OWL CAPITAL CORP REGD 4.25000000</title>
        <cusip>69121KAD6</cusip>
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          <isin value="US69121KAD63"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24736.31000000</valUSD>
        <pctVal>0.001329845949</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#QC4689 2.5% 08/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QC4689 2.50000000</title>
        <cusip>3133APF61</cusip>
        <identifiers>
          <isin value="US3133APF610"/>
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        <curCd>USD</curCd>
        <valUSD>64482.46000000</valUSD>
        <pctVal>0.003466634200</pctVal>
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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>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GNMA P#661598 6% 01/15/37</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#661598 6.00000000</title>
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        <identifiers>
          <isin value="US36294V7K03"/>
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        <curCd>USD</curCd>
        <valUSD>6191.56000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LYB INT FINANC 3.625% 04/01/51</name>
        <lei>N/A</lei>
        <title>LYB INT FINANCE III REGD 3.62500000</title>
        <cusip>50249AAJ2</cusip>
        <identifiers>
          <isin value="US50249AAJ25"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35736.89000000</valUSD>
        <pctVal>0.001921246880</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>UMBS P#RB5145 2% 02/01/42</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#RB5145 2.00000000</title>
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          <isin value="US3133KYWE57"/>
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        <curCd>USD</curCd>
        <valUSD>136323.87000000</valUSD>
        <pctVal>0.007328892075</pctVal>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>ENTERPRISE PROD 4.85% 03/15/44</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 4.85000000</title>
        <cusip>29379VBA0</cusip>
        <identifiers>
          <isin value="US29379VBA08"/>
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        <balance>250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>234638.31000000</valUSD>
        <pctVal>0.012614363506</pctVal>
        <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>4.85000000</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>GNR 2020-160 VI 2.5% 10/20/50</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-160 CL VI 2.50000000</title>
        <cusip>38382KS87</cusip>
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          <isin value="US38382KS876"/>
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        <balance>69755.51000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9621.40000000</valUSD>
        <pctVal>0.000517254991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FGLMC P#G67711 4% 03/01/48</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>GNMA II P#MA3803 3.5% 07/20/46</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ICELAND  10.875% 12/15/27/GBP/</name>
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      <invstOrSec>
        <name>NIKE INC 3.875% 11/01/45</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#CB6326 5.5% 05/01/53</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PPL ELECTRIC UT 5.25% 05/15/53</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS NTS 3.75% 04/15/26</name>
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          <isin value="US91282CGV72"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ENBRIDGE INC V/R 07/15/80</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HUNGARY 2.125% 09/22/31</name>
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        <invCountry>HU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CIM 2021-R1 A2 V/R 08/25/56</name>
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      <invstOrSec>
        <name>UMBS P#QC0160 2% 03/01/51</name>
        <lei>N/A</lei>
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        <name>FHR 5040 IB 2.5% 11/25/50</name>
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        <name>ORACLE CORP 6.25% 11/09/32</name>
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        <name>NUTRIEN LTD 5% 04/01/49</name>
        <lei>5493002QQ7GD21OWF963</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <name>BANK OF AMERICA C V/R 04/22/42</name>
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      <invstOrSec>
        <name>CCO HLDGS LLC/C 4.25% 01/15/34</name>
        <lei>N/A</lei>
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        <balance>790000.00000000</balance>
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        <name>AMEREN ILLINOIS 3.25% 03/15/50</name>
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        <name>TOTALENERGIES C 5.15% 04/05/34</name>
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        <name>NORTHWEST PIPELINE 4% 04/01/27</name>
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        <name>ENERGY TRANSFER 3.75% 05/15/30</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <name>FNS 409 C18 4% 04/25/42</name>
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        <name>HSBC HOLDINGS PLC V/R 03/29/33</name>
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        <name>FNR 2012-101 BI 4% 09/25/27</name>
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        <name>FGLMC P#U99124 3.5% 03/01/45</name>
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        <name>OCCIDENTAL PETR 5.55% 03/15/26</name>
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        <name>PACIFICORP 5.75% 04/01/37</name>
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        <name>BX 2021-ARIA D V/R 10/15/23</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PHILIP MORRIS  4.125% 03/04/43</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL INC REGD 4.12500000</title>
        <cusip>718172AW9</cusip>
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          <isin value="US718172AW92"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21256.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WESTPAC BANKING  2.7% 08/19/26</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>WESTPAC BANKING CORP REGD 2.70000000</title>
        <cusip>961214DC4</cusip>
        <identifiers>
          <isin value="US961214DC40"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97198.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO BA 5.254% 12/11/26</name>
        <lei>N/A</lei>
        <title>WELLS FARGO BANK NA REGD 5.25400000</title>
        <cusip>94988J6F9</cusip>
        <identifiers>
          <isin value="US94988J6F93"/>
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        <balance>250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>253360.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EXXON MOBIL CO 3.482% 03/19/30</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>EXXON MOBIL CORPORATION REGD 3.48200000</title>
        <cusip>30231GBK7</cusip>
        <identifiers>
          <isin value="US30231GBK76"/>
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        <balance>180000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>171613.81000000</valUSD>
        <pctVal>0.009226110527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.48200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BROADCOM INC 4.926% 05/15/37</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC REGD 144A P/P 4.92600000</title>
        <cusip>11135FBV2</cusip>
        <identifiers>
          <isin value="US11135FBV22"/>
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        <balance>108000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104854.21000000</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>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.92600000</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>UMBS P#MA4540 2% 02/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4540 2.00000000</title>
        <cusip>31418EBJ8</cusip>
        <identifiers>
          <isin value="US31418EBJ82"/>
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        <balance>477570.73000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>404896.32000000</valUSD>
        <pctVal>0.021767585025</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>JPMORGAN CHASE &amp;  V/R 06/01/34</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO REGD V/R 5.35000000</title>
        <cusip>46647PDR4</cusip>
        <identifiers>
          <isin value="US46647PDR47"/>
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        <balance>1772000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1813488.37000000</valUSD>
        <pctVal>0.097494742076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Variable</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>
      <invstOrSec>
        <name>GNMA II P#MA8428 5% 11/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8428 5.00000000</title>
        <cusip>36179XLH7</cusip>
        <identifiers>
          <isin value="US36179XLH79"/>
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        <balance>395970.51000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>391290.91000000</valUSD>
        <pctVal>0.021036146124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>MICROSOFT CORP 4.5% 02/06/57</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>MICROSOFT CORP REGD 4.50000000</title>
        <cusip>594918CB8</cusip>
        <identifiers>
          <isin value="US594918CB81"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47679.67000000</valUSD>
        <pctVal>0.002563301317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-02-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>NORTHERN STATES  5.1% 05/15/53</name>
        <lei>N/A</lei>
        <title>NORTHERN STATES PWR-MINN REGD 5.10000000</title>
        <cusip>665772CX5</cusip>
        <identifiers>
          <isin value="US665772CX54"/>
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        <balance>162000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>158931.70000000</valUSD>
        <pctVal>0.008544309054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</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>CITIGROUP INC V/R 05/24/33</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD V/R 4.91000000</title>
        <cusip>172967NU1</cusip>
        <identifiers>
          <isin value="US172967NU15"/>
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        <balance>220000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>217383.56000000</valUSD>
        <pctVal>0.011686732853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.91000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIN 2023-1A A 7.824% 06/05/29</name>
        <lei>N/A</lei>
        <title>APPLEBEE'S FUNDING LLC / IHOP FUNDING LLC SER 2023-1A CL A2 REGD 144A P/P 7.82400000</title>
        <cusip>03789XAF5</cusip>
        <identifiers>
          <isin value="US03789XAF50"/>
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        <balance>900000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>940859.10000000</valUSD>
        <pctVal>0.050581419104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.82400000</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>GENERAL MOTORS  4.35% 01/17/27</name>
        <lei>N/A</lei>
        <title>GENERAL MOTORS FINL CO REGD 4.35000000</title>
        <cusip>37045XBT2</cusip>
        <identifiers>
          <isin value="US37045XBT28"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>198210.34000000</valUSD>
        <pctVal>0.010655963553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-17</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>
        <name>RENAISSANCERE H 5.75% 06/05/33</name>
        <lei>EK6GB9U3U58PDI411C94</lei>
        <title>RENAISSANCERE HOLDINGS L REGD 5.75000000</title>
        <cusip>75968NAE1</cusip>
        <identifiers>
          <isin value="US75968NAE13"/>
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        <balance>600000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>616150.61000000</valUSD>
        <pctVal>0.033124802891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERIZON COMMUN 2.987% 10/30/56</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD SER WI 2.98700000</title>
        <cusip>92343VFW9</cusip>
        <identifiers>
          <isin value="US92343VFW90"/>
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        <balance>69000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43702.35000000</valUSD>
        <pctVal>0.002349477069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.98700000</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>UMBS P#SD0482 3.5% 10/01/45</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD0482 3.50000000</title>
        <cusip>3132DMRB3</cusip>
        <identifiers>
          <isin value="US3132DMRB36"/>
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        <balance>661183.93000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>616852.80000000</valUSD>
        <pctVal>0.033162553248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>AMERICAN HOMES  4.25% 02/15/28</name>
        <lei>N/A</lei>
        <title>AMERICAN HOMES 4 RENT REGD 4.25000000</title>
        <cusip>02666TAA5</cusip>
        <identifiers>
          <isin value="US02666TAA51"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24615.71000000</valUSD>
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      <invstOrSec>
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        <name>SABINE PASS LIQU 4.2% 03/15/28</name>
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        <name>GNR 2007-51 SG V/R 08/20/37</name>
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        <issuerCat>UST</issuerCat>
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        <name>UMBS P#FM7100 3.5% 06/01/50</name>
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      <invstOrSec>
        <name>UMBS P#BM4299 3% 03/01/30</name>
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        <name>FNR 2012-74 SA V/R 03/25/42</name>
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        <name>GNMA P#683353 5% 04/15/38</name>
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        <name>ROYAL BANK OF  4.875% 01/19/27</name>
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        <name>BANK OF AMERICA C V/R 04/27/28</name>
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        <name>GNMA II P#MA1448 3.5% 11/20/43</name>
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        <name>REPUBLIC OF IND 2.85% 02/14/30</name>
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        <lei>WRJR7GS4GTRECRRTVX92</lei>
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        <cusip>149123CB5</cusip>
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        <name>HARTFORD FINL SV 4.3% 04/15/43</name>
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        <cusip>416515BB9</cusip>
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        <name>GLAXOSMITHKLIN 6.375% 05/15/38</name>
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        <name>GNR 2021-H02 TF V/R 01/20/71</name>
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        <name>GNMA II P#786366 4.5% 08/20/52</name>
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        <lei>N/A</lei>
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          <isin value="US87264ABF12"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMCAST CORP 3.3% 04/01/27</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 3.30000000</title>
        <cusip>20030NDK4</cusip>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68225.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#CK9592 4% 06/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#CK9592 4.00000000</title>
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        <curCd>USD</curCd>
        <valUSD>75109.99000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PIONEER NATURAL  5.1% 03/29/26</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
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        <cusip>723787AV9</cusip>
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          <isin value="US723787AV90"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-29</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; EL 4.5% 07/01/40</name>
        <lei>N/A</lei>
        <title>PACIFIC GAS &amp; ELECTRIC REGD 4.50000000</title>
        <cusip>694308JQ1</cusip>
        <identifiers>
          <isin value="US694308JQ18"/>
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        <curCd>USD</curCd>
        <valUSD>88614.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SC0160 2% 07/01/41</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SC0160 2.00000000</title>
        <cusip>3132D9E91</cusip>
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          <isin value="US3132D9E913"/>
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        <curCd>USD</curCd>
        <valUSD>739493.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OBX 2022-NQM7 A1 V/R 08/25/26</name>
        <lei>N/A</lei>
        <title>OBX 2022-NQM7 TRUST SER 2022-NQM7 CL A1 V/R REGD 144A P/P 5.11000000</title>
        <cusip>67117DAA8</cusip>
        <identifiers>
          <isin value="US67117DAA81"/>
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        <balance>360385.60000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>358459.66000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMCAST CORP 3.45% 02/01/50</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 3.45000000</title>
        <cusip>20030NCZ2</cusip>
        <identifiers>
          <isin value="US20030NCZ24"/>
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        <balance>60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43676.45000000</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>2050-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COM V/R 04/30/26</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R 2.18800000</title>
        <cusip>95000U2N2</cusip>
        <identifiers>
          <isin value="US95000U2N22"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19783.19000000</valUSD>
        <pctVal>0.001063561828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.18800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROADCOM INC 3.137% 11/15/35</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC REGD 144A P/P 3.13700000</title>
        <cusip>11135FBP5</cusip>
        <identifiers>
          <isin value="US11135FBP53"/>
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        <balance>1054000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>877184.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTERPRISE PRODU 3.2% 02/15/52</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 3.20000000</title>
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          <isin value="US29379VCA98"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17465.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#MA8429 5.5% 11/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8429 5.50000000</title>
        <cusip>36179XLJ3</cusip>
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          <isin value="US36179XLJ36"/>
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        <valUSD>492238.57000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMAZON.COM INC 3.95% 04/13/52</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 3.95000000</title>
        <cusip>023135CJ3</cusip>
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          <isin value="US023135CJ31"/>
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        <balance>75000.00000000</balance>
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        <valUSD>62550.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FGLMC P#G60138 3.5% 08/01/45</name>
        <lei>N/A</lei>
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        <cusip>31335AEK0</cusip>
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          <isin value="US31335AEK07"/>
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        <valUSD>648520.23000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDEX CORP 3.25% 05/15/41</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FEDEX CORP REGD 3.25000000</title>
        <cusip>31428XCE4</cusip>
        <identifiers>
          <isin value="US31428XCE40"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19008.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NXP BV/NXP FDG 3.875% 06/18/26</name>
        <lei>N/A</lei>
        <title>NXP BV/NXP FDG/NXP USA REGD 3.87500000</title>
        <cusip>62954HAZ1</cusip>
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          <isin value="US62954HAZ10"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49399.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLACKSTONE SECU 2.85% 09/30/28</name>
        <lei>549300KM7KWQHVBNH962</lei>
        <title>BLACKSTONE SECURED LEND REGD 2.85000000</title>
        <cusip>09261XAG7</cusip>
        <identifiers>
          <isin value="US09261XAG79"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22849.99000000</valUSD>
        <pctVal>0.001228435714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#AR2627 3% 02/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AR2627 3.00000000</title>
        <cusip>3138NY4M4</cusip>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>BECTON DICKINS 3.794% 05/20/50</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>BECTON DICKINSON &amp; CO REGD 3.79400000</title>
        <cusip>075887CK3</cusip>
        <identifiers>
          <isin value="US075887CK38"/>
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        <curCd>USD</curCd>
        <valUSD>19541.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANCO SANTANDE 2.746% 05/28/25</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>BANCO SANTANDER SA REGD 2.74600000</title>
        <cusip>05971KAE9</cusip>
        <identifiers>
          <isin value="US05971KAE91"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.74600000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLIED MATERIA 5.85% 06/15/41</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>APPLIED MATERIALS INC REGD 5.85000000</title>
        <cusip>038222AG0</cusip>
        <identifiers>
          <isin value="US038222AG04"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26892.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DUPONT DE NEMO 5.419% 11/15/48</name>
        <lei>5493004JF0SDFLM8GD76</lei>
        <title>DUPONT DE NEMOURS INC REGD 5.41900000</title>
        <cusip>26078JAF7</cusip>
        <identifiers>
          <isin value="US26078JAF75"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52848.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.41900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HSBC HOLDINGS PL 6.5% 09/15/37</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC REGD SER ** 6.50000000</title>
        <cusip>404280DM8</cusip>
        <identifiers>
          <isin value="US404280DM89"/>
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        <curCd>USD</curCd>
        <valUSD>106295.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WASTE CONNECTIO 3.05% 04/01/50</name>
        <lei>549300HDLRTPBQU69P29</lei>
        <title>WASTE CONNECTIONS INC REGD 3.05000000</title>
        <cusip>94106BAB7</cusip>
        <identifiers>
          <isin value="US94106BAB71"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17014.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FS1112 2% 03/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS1112 2.00000000</title>
        <cusip>3140XGGW3</cusip>
        <identifiers>
          <isin value="US3140XGGW38"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>593706.24000000</valUSD>
        <pctVal>0.031918173667</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNR 2021-61 KI 2.5% 04/25/49</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2021-61 CL KI 2.50000000</title>
        <cusip>3136BGVA6</cusip>
        <identifiers>
          <isin value="US3136BGVA60"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73696.96000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DANSKE BANK A/S V/R 04/01/28</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>DANSKE BANK A/S REGD V/R 144A P/P 4.29800000</title>
        <cusip>23636ABC4</cusip>
        <identifiers>
          <isin value="US23636ABC45"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2466025.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.29800000</annualizedRt>
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      <invstOrSec>
        <name>MNET 2024-1A A 6.23% 04/20/29</name>
        <lei>N/A</lei>
        <title>METRONET INFRASTRUCTURE ISSUER LLC SER 2024-1A CL A2 REGD 144A P/P 6.23000000</title>
        <cusip>59170JAG3</cusip>
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          <isin value="US59170JAG31"/>
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        <curCd>USD</curCd>
        <valUSD>3452204.81000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>VISA INC 3.65% 09/15/47</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC REGD 3.65000000</title>
        <cusip>92826CAJ1</cusip>
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          <isin value="US92826CAJ18"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20136.48000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
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        <name>UBSCM 2018-C11 B V/R 06/15/28</name>
        <lei>N/A</lei>
        <title>UBS COMMERCIAL MORTGAGE TRUST 2018-C11 SER 2018-C11 CL B V/R REGD 4.71290000</title>
        <cusip>90276XAZ8</cusip>
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          <isin value="US90276XAZ87"/>
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        <curCd>USD</curCd>
        <valUSD>312376.87000000</valUSD>
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      <invstOrSec>
        <name>TIME WARNER CAB 6.55% 05/01/37</name>
        <lei>N/A</lei>
        <title>TIME WARNER CABLE LLC REGD 6.55000000</title>
        <cusip>88732JAJ7</cusip>
        <identifiers>
          <isin value="US88732JAJ79"/>
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        <balance>75000.00000000</balance>
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        <valUSD>74561.14000000</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARCELORMITTAL 6.75% 03/01/41</name>
        <lei>2EULGUTUI56JI9SAL165</lei>
        <title>ARCELORMITTAL REGD 6.75000000</title>
        <cusip>03938LAS3</cusip>
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          <isin value="US03938LAS34"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Variable</couponKind>
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        <name>AGILENT TECHNOLO 2.3% 03/12/31</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
        <title>AGILENT TECHNOLOGIES INC REGD 2.30000000</title>
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          <isin value="US00846UAN19"/>
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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>WARNERMEDIA HOL 5.05% 03/15/42</name>
        <lei>N/A</lei>
        <title>WARNERMEDIA HOLDINGS INC REGD SER WI 5.05000000</title>
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          <isin value="US55903VBD47"/>
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        <curCd>USD</curCd>
        <valUSD>42275.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <name>BBCMS 2023-C1 5.753% 03/15/28</name>
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        <name>BRISTOL-MYERS S 5.55% 02/22/54</name>
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        <name>FNMA P#836852 V/R 10/1/35</name>
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        <name>US TREAS BDS 3% 02/15/48</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#AR7399 3% 06/01/43</name>
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      <invstOrSec>
        <name>US TREAS BDS 3.625% 05/15/53</name>
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          <isin value="US912810TR95"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BX 2021-CIP A V/R 12/15/23</name>
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        <cusip>12434FAA5</cusip>
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          <isin value="US12434FAA57"/>
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        <curCd>USD</curCd>
        <valUSD>843863.99000000</valUSD>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JM SMUCKER CO 4.25% 03/15/35</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>REPUBLIC OF PHILIP 3% 02/01/28</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>PH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PFIZER INC 4% 12/15/36</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ORACLE CORP 6.5% 04/15/38</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 6.50000000</title>
        <cusip>68389XAE5</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NOKIA OYJ 6.625% 05/15/39</name>
        <lei>549300A0JPRWG1KI7U06</lei>
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        <cusip>654902AC9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>SOUTHERN CAL ED 5.95% 11/01/32</name>
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        <name>UMBS P#AS4786 3% 04/01/45</name>
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        <name>JPMMT 2021-13 A3 V/R 04/25/52</name>
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        <name>GNMA II P#MA5330 4% 07/20/48</name>
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      <invstOrSec>
        <name>MICROSOFT CORP 3.041% 03/17/62</name>
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        <cusip>594918CF9</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ESTEE LAUDER C 3.125% 12/01/49</name>
        <lei>549300VFZ8XJ9NUPU221</lei>
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        <cusip>29736RAM2</cusip>
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        <curCd>USD</curCd>
        <valUSD>16982.87000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4643 3% 05/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4643 3.00000000</title>
        <cusip>31418EER7</cusip>
        <identifiers>
          <isin value="US31418EER71"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>667260.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AT&amp;T INC 3.8% 12/01/57</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 3.80000000</title>
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          <isin value="US00206RMN97"/>
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        <curCd>USD</curCd>
        <valUSD>53036.76000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BP CAP MARKETS 3.017% 01/16/27</name>
        <lei>N/A</lei>
        <title>BP CAP MARKETS AMERICA REGD SER * 3.01700000</title>
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          <isin value="US10373QAV23"/>
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        <curCd>USD</curCd>
        <valUSD>242774.59000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FS3205 2.5% 04/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS3205 2.50000000</title>
        <cusip>3140XJR39</cusip>
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          <isin value="US3140XJR391"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA P#783295 4.5% 03/15/41</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#783295 4.50000000</title>
        <cusip>36241LUU8</cusip>
        <identifiers>
          <isin value="US36241LUU87"/>
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        <balance>37230.37000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36786.78000000</valUSD>
        <pctVal>0.001977689897</pctVal>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>HONEYWELL INTE 3.812% 11/21/47</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HONEYWELL INTERNATIONAL REGD 3.81200000</title>
        <cusip>438516BS4</cusip>
        <identifiers>
          <isin value="US438516BS48"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20262.73000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA P#AB9108 3% 10/15/42</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#AB9108 3.00000000</title>
        <cusip>36178WDM8</cusip>
        <identifiers>
          <isin value="US36178WDM82"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34134.19000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BX0388 4.5% 11/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BX0388 4.50000000</title>
        <cusip>3140N4NE3</cusip>
        <identifiers>
          <isin value="US3140N4NE38"/>
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        <curCd>USD</curCd>
        <valUSD>9130038.08000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>UNITEDHEALTH G 3.875% 12/15/28</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 3.87500000</title>
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          <isin value="US91324PDP45"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48939.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>HOME DEPOT INC 3.35% 04/15/50</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
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          <isin value="US437076CD22"/>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>UNITEDHEALTH GR 5.15% 07/15/34</name>
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        <name>FEDEX CORP 5.25% 05/15/50</name>
        <lei>549300E707U7WNPZN687</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMMT 2018-5 A1 V/R 10/25/40</name>
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        <title>JP MORGAN MORTGAGE TRUST 2018-5 SER 2018-5 CL A1 V/R REGD 144A P/P 3.50000000</title>
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      <invstOrSec>
        <name>UMBS P#FM9910 2% 12/01/41</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>AT&amp;T INC 4.25% 03/01/27</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 4.25000000</title>
        <cusip>00206RDQ2</cusip>
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          <isin value="US00206RDQ20"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218572.48000000</valUSD>
        <pctVal>0.011750650246</pctVal>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP INC V/R 05/01/32</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#MA3630 5% 04/01/49</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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      <invstOrSec>
        <name>UMBS P#FS7835 5.5% 10/01/53</name>
        <lei>N/A</lei>
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        <cusip>3140XPV55</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-10-01</maturityDt>
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      <invstOrSec>
        <name>HUMANA INC 3.95% 08/15/49</name>
        <lei>529900YLDW34GJAO4J06</lei>
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        <curCd>USD</curCd>
        <valUSD>19239.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHARLES SCHWAB 5.875% 08/24/26</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-24</maturityDt>
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      <invstOrSec>
        <name>FHR 4203 PS V/R 09/15/42</name>
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        <curCd>USD</curCd>
        <valUSD>8163.14000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KROGER CO 5.4% 01/15/49</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24856.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#FM7607 3% 04/01/38</name>
        <lei>N/A</lei>
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        <cusip>3140XBNZ9</cusip>
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        <curCd>USD</curCd>
        <valUSD>45404.13000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>SIMON PROPERTY 3.375% 06/15/27</name>
        <lei>N/A</lei>
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          <isin value="US828807DC85"/>
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        <curCd>USD</curCd>
        <valUSD>48742.69000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SANDS CHINA LTD 2.85% 03/08/29</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FS KKR CAPITAL 3.125% 10/12/28</name>
        <lei>549300TYRSI1T21B1360</lei>
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      <invstOrSec>
        <name>UMBS P#MA4130 3% 09/01/40</name>
        <lei>N/A</lei>
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        <name>GNMA P#675065 6.5% 01/15/38</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>RTX CORP 5.75% 11/08/26</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 5.75000000</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SEMPRA V/R 04/01/55</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SEMPRA REGD V/R 6.62500000</title>
        <cusip>816851BU2</cusip>
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        <balance>1485000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>WILLIAMS COMPANI 7.5% 01/15/31</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>WILLIAMS COMPANIES INC REGD SER A 7.50000000</title>
        <cusip>969457BB5</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FISERV INC 3.5% 07/01/29</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISERV INC REGD 3.50000000</title>
        <cusip>337738AU2</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94882.37000000</valUSD>
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      <invstOrSec>
        <name>L3HARRIS TECH IN 4.4% 06/15/28</name>
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        <name>GNR 2020-H20 FA V/R 04/20/70</name>
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        <name>DEVON ENERGY C 5.875% 06/15/28</name>
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        <name>T/L ASURION LLC 0% 12/23/2026</name>
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        <name>UMBS P#FS5342 5.5% 07/01/53</name>
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        <name>CONOCOPHILLIPS  5.05% 09/15/33</name>
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        <name>REPUBLIC OF PA 3.875% 03/17/28</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>GOLDMAN SACHS GRO V/R 04/23/29</name>
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        <name>GNMA II P#787236 6.5% 01/20/54</name>
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        <name>3M COMPANY 2.25% 09/19/26</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
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        <cusip>88579YAV3</cusip>
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        <name>FNR 2012-46 BA 6.00% 05/25/42_</name>
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        <name>US TREAS NTS 4.625% 09/15/26</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.62500000</title>
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        <name>AVALONBAY COMMUN 3.3% 06/01/29</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
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      <invstOrSec>
        <name>HOME DEPOT INC 3.25% 04/15/32</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 3.25000000</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OWENS CORNING 4.4% 01/30/48</name>
        <lei>JO5M6676RDJIZ2U8X907</lei>
        <title>OWENS CORNING REGD 4.40000000</title>
        <cusip>690742AH4</cusip>
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          <isin value="US690742AH44"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST  5.183% 11/01/53</name>
        <lei>N/A</lei>
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        <cusip>13077DTS1</cusip>
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          <isin value="US13077DTS17"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVS HEALTH CORP 3.75% 04/01/30</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP REGD 3.75000000</title>
        <cusip>126650DJ6</cusip>
        <identifiers>
          <isin value="US126650DJ69"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580186.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REPUBLIC OF PAN 3.16% 01/23/30</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PANAMA REGD 3.16000000</title>
        <cusip>698299BK9</cusip>
        <identifiers>
          <isin value="US698299BK97"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>433527.05000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>PA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VERIZON COMMUNI 3.55% 03/22/51</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 3.55000000</title>
        <cusip>92343VGB4</cusip>
        <identifiers>
          <isin value="US92343VGB45"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AUTODESK INC 2.85% 01/15/30</name>
        <lei>FRKKVKAIQEF3FCSTPG55</lei>
        <title>AUTODESK INC REGD 2.85000000</title>
        <cusip>052769AG1</cusip>
        <identifiers>
          <isin value="US052769AG12"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FGLMC P#Q19615 4% 07/01/43</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#Q19615 4.00000000</title>
        <cusip>3132JBDV2</cusip>
        <identifiers>
          <isin value="US3132JBDV27"/>
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        <balance>37002.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35631.78000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ONEOK INC 5.8% 11/01/30</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 5.80000000</title>
        <cusip>682680BK8</cusip>
        <identifiers>
          <isin value="US682680BK80"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208657.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#MA4152 2% 10/01/40</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4152 2.00000000</title>
        <cusip>31418DTJ1</cusip>
        <identifiers>
          <isin value="US31418DTJ18"/>
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        <balance>944952.65000000</balance>
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        <curCd>USD</curCd>
        <valUSD>809588.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHARTER COMM O 5.375% 04/01/38</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD 5.37500000</title>
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        <identifiers>
          <isin value="US161175BM51"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46116.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PHILIP MORRIS  3.875% 08/21/42</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL INC REGD 3.87500000</title>
        <cusip>718172AU3</cusip>
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          <isin value="US718172AU37"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#SC0211 2% 12/01/41</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SC0211 2.00000000</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HUNTINGTON ING 2.043% 08/16/28</name>
        <lei>5TZLZ6WJTBVJ0QWBG121</lei>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA1527 3% 08/01/33</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA1527 3.00000000</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>F/C LONG GILT FUTURE  MAR25</name>
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      <invstOrSec>
        <name>CYRUS 2024-1A  4.76% 03/20/29</name>
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        <title>CYRUSONE DATA CENTERS ISSUER I LLC SER 2024-1A CL A2 REGD 144A P/P 4.76000000</title>
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        <valUSD>2920657.50000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>AEP TEXAS INC 3.45% 01/15/50</name>
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        <name>UNION PACIFIC  2.891% 04/06/36</name>
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      <invstOrSec>
        <name>RTX CORP 3.75% 11/01/46</name>
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      <invstOrSec>
        <name>UMBS P#SD4221 6.5% 11/01/53</name>
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        <name>GNMA II P#MA5466 4% 09/20/48</name>
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      <invstOrSec>
        <name>GNMA II P#MA3597 3.5% 04/20/46</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UMBS P#FS0739 3.5% 02/01/52</name>
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        <cusip>3140XFZD6</cusip>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KILROY REALTY L 4.25% 08/15/29</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AWPT 2021-13A A1 V/R 07/15/34</name>
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        <cusip>28622EAC2</cusip>
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        <invCountry>KY</invCountry>
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        <name>BECTON DICKINS 4.693% 02/13/28</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
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        <name>AMERICAN TOWER C 1.6% 04/15/26</name>
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      <invstOrSec>
        <name>RTX CORP 5.75% 01/15/29</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <cusip>75513ECU3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>TELEFONICA EMI 5.213% 03/08/47</name>
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        <name>ROCHE HOLDINGS 2.607% 12/13/51</name>
        <lei>N/A</lei>
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        <name>ONTARIO (PROVIN 5.05% 04/24/34</name>
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        <invCountry>CA</invCountry>
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        <name>BANK OF AMERICA C V/R 07/21/32</name>
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        <name>US TREAS BDS 1.875% 11/15/51</name>
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        <title>UNITED STATES TREASURY BOND 1.87500000</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GENERAL MOTORS  6.25% 10/02/43</name>
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      <invstOrSec>
        <name>BANK OF NY MELLON V/R 04/26/27</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMAZON.COM INC 3.875% 08/22/37</name>
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        <cusip>023135BF2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>BOARDWALK PIPELI 3.4% 02/15/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BROADCOM CRP / 3.875% 01/15/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EQUINOR ASA 3.625% 09/10/28</name>
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          <isin value="US29446MAB81"/>
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        <fairValLevel>2</fairValLevel>
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        <name>GNR 2020-H13 FC V/R 07/20/70</name>
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      <invstOrSec>
        <name>UMBS P#RA5040 2% 04/01/51</name>
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        <name>GLOBAL PAYMENTS  3.2% 08/15/29</name>
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      <invstOrSec>
        <name>WELLS FARGO BAN 5.45% 08/07/26</name>
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          <isin value="US94988J6D46"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITEDHEALTH GRO 3.7% 08/15/49</name>
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        <name>ARCHER-DANIELS- 3.25% 03/27/30</name>
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        <name>APPLIED MATERIAL 3.3% 04/01/27</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
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        <name>UMBS P#MA2110 3.5% 12/01/34</name>
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        <name>US TREAS NTS 4% 01/15/27</name>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MCDONALD'S CORP 4.2% 04/01/50</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
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        <cusip>58013MFR0</cusip>
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          <isin value="US58013MFR07"/>
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        <curCd>USD</curCd>
        <valUSD>354587.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FS1609 2.5% 04/01/37</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS1609 2.50000000</title>
        <cusip>3140XGYF0</cusip>
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          <isin value="US3140XGYF03"/>
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        <curCd>USD</curCd>
        <valUSD>415903.80000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#AD9638 4.5% 09/01/40</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AD9638 4.50000000</title>
        <cusip>31418XV88</cusip>
        <identifiers>
          <isin value="US31418XV880"/>
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        <curCd>USD</curCd>
        <valUSD>89468.05000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HALLIBURTON CO 5% 11/15/45</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>HALLIBURTON CO REGD 5.00000000</title>
        <cusip>406216BK6</cusip>
        <identifiers>
          <isin value="US406216BK61"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94104.59000000</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>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHELL FINANCE U 4.55% 08/12/43</name>
        <lei>N/A</lei>
        <title>SHELL FINANCE US IN REGD SER * 4.55000000</title>
        <cusip>822905AD7</cusip>
        <identifiers>
          <isin value="US822905AD73"/>
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        <balance>90000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>82382.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACCENTURE CAPIT 4.25% 10/04/31</name>
        <lei>N/A</lei>
        <title>ACCENTURE CAPITAL INC REGD 4.25000000</title>
        <cusip>00440KAC7</cusip>
        <identifiers>
          <isin value="US00440KAC71"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97848.15000000</valUSD>
        <pctVal>0.005260403267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T INC 4.35% 06/15/45</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD SER WI 4.35000000</title>
        <cusip>00206RBK7</cusip>
        <identifiers>
          <isin value="US00206RBK77"/>
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        <balance>73000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62497.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PECO ENERGY CO 3.05% 03/15/51</name>
        <lei>N/A</lei>
        <title>PECO ENERGY CO REGD 3.05000000</title>
        <cusip>693304BA4</cusip>
        <identifiers>
          <isin value="US693304BA44"/>
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        <balance>146000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100573.35000000</valUSD>
        <pctVal>0.005406912434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>US TREAS NTS 2.75% 08/15/32</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 2.75000000</title>
        <cusip>91282CFF3</cusip>
        <identifiers>
          <isin value="US91282CFF32"/>
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        <balance>5000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4539160.15000000</valUSD>
        <pctVal>0.244029272747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#AL4324 6.5% 05/01/40</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AL4324 6.50000000</title>
        <cusip>3138ELYW7</cusip>
        <identifiers>
          <isin value="US3138ELYW77"/>
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        <balance>61492.75000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64477.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EVEREST REINSURA 3.5% 10/15/50</name>
        <lei>N/A</lei>
        <title>EVEREST REINSURANCE HLDG REGD 3.50000000</title>
        <cusip>299808AH8</cusip>
        <identifiers>
          <isin value="US299808AH86"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17987.93000000</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>2050-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO 4.6% 08/14/34</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; CO REGD 4.60000000</title>
        <cusip>532457CR7</cusip>
        <identifiers>
          <isin value="US532457CR72"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197298.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA II P#MA6477 4.5% 02/20/50</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA6477 4.50000000</title>
        <cusip>36179VFS4</cusip>
        <identifiers>
          <isin value="US36179VFS43"/>
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        <curCd>USD</curCd>
        <valUSD>42969.92000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>DIAMONDBACK ENE 3.25% 12/01/26</name>
        <lei>549300R22LSX6OHWEN64</lei>
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        <cusip>25278XAM1</cusip>
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          <isin value="US25278XAM11"/>
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        <balance>314000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306057.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>DRSLF 2018-55A A V/R 04/15/31</name>
        <lei>N/A</lei>
        <title>DRYDEN 55 CLO LTD SER 2018-55A CL A1 V/R REGD 144A P/P 5.93751000</title>
        <cusip>26245MAC5</cusip>
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          <isin value="US26245MAC55"/>
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        <balance>177084.76000000</balance>
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        <curCd>USD</curCd>
        <valUSD>177324.43000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.93751000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VENTAS REALTY LP 4% 03/01/28</name>
        <lei>N/A</lei>
        <title>VENTAS REALTY LP REGD 4.00000000</title>
        <cusip>92277GAM9</cusip>
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          <isin value="US92277GAM96"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24478.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SPRINT SPECTRU 4.738% 03/20/25</name>
        <lei>N/A</lei>
        <title>SPRINT SPECTRUM / SPEC I REGD 144A P/P 4.73800000</title>
        <cusip>85208NAD2</cusip>
        <identifiers>
          <isin value="US85208NAD21"/>
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        <balance>164375.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164181.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>GRADE 2023-FIG4  V/R 11/25/53</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENTERPRISE PRODU 3.3% 02/15/53</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TIME WARNER CABL 7.3% 07/01/38</name>
        <lei>N/A</lei>
        <title>TIME WARNER CABLE LLC REGD 7.30000000</title>
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          <isin value="US88732JAN81"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4570 2% 03/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4570 2.00000000</title>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68357.97000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHICAGO IL O'H 4.472% 01/01/49</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O'HARE INTERNATIONA REGD N/C B/E 4.47200000</title>
        <cusip>167593H62</cusip>
        <identifiers>
          <isin value="US167593H625"/>
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        <curCd>USD</curCd>
        <valUSD>140364.08000000</valUSD>
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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>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APPLE INC 2.2% 09/11/29</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 2.20000000</title>
        <cusip>037833DP2</cusip>
        <identifiers>
          <isin value="US037833DP29"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45513.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
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      <invstOrSec>
        <name>NATWEST GROUP PL 4.8% 04/05/26</name>
        <lei>2138005O9XJIJN4JPN90</lei>
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        <cusip>780097BA8</cusip>
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          <isin value="US780097BA81"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200102.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>SHELL FINANCE U 3.25% 04/06/50</name>
        <lei>N/A</lei>
        <title>SHELL FINANCE US IN REGD SER * 3.25000000</title>
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          <isin value="US822905AG05"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>US TREAS BDS 2.875% 05/15/52</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.87500000</title>
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        <identifiers>
          <isin value="US912810TG31"/>
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        <curCd>USD</curCd>
        <valUSD>210339.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JPMMT 2018-3 A1 V/R 09/25/40</name>
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        <title>JP MORGAN MORTGAGE TRUST 2018-3 SER 2018-3 CL A1 V/R REGD 144A P/P 3.50000000</title>
        <cusip>46649TAA4</cusip>
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          <isin value="US46649TAA43"/>
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        <curCd>USD</curCd>
        <valUSD>118253.98000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UMBS P#AA4298 4.5% 03/01/29</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AA4298 4.50000000</title>
        <cusip>31416MX41</cusip>
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        <valUSD>15157.47000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOWE'S COS INC 4.45% 04/01/62</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <cusip>548661EF0</cusip>
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          <isin value="US548661EF07"/>
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        <valUSD>20654.39000000</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SONIC AUTOMOTI 4.625% 11/15/29</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA6339 3.5% 12/20/49</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA6339 3.50000000</title>
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          <isin value="US36179VBG41"/>
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        <valUSD>282406.95000000</valUSD>
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      <invstOrSec>
        <name>GNMA II P#MA5397 3.5% 08/20/48</name>
        <lei>N/A</lei>
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          <isin value="US36179T7J86"/>
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      <invstOrSec>
        <name>TOYOTA MOTOR CRE 5.4% 11/20/26</name>
        <lei>N/A</lei>
        <title>TOYOTA MOTOR CREDIT CORP REGD MTN 5.40000000</title>
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          <isin value="US89236TLD53"/>
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        <curCd>USD</curCd>
        <valUSD>101776.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LENNAR CORP 4.75% 11/29/27</name>
        <lei>529900G61XVRLX5TJX09</lei>
        <title>LENNAR CORP REGD SER WI 4.75000000</title>
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          <isin value="US526057CD41"/>
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        <curCd>USD</curCd>
        <valUSD>10038.16000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PFIZER INVESTME 5.34% 05/19/63</name>
        <lei>N/A</lei>
        <title>PFIZER INVESTMENT ENTER REGD 5.34000000</title>
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          <isin value="US716973AH54"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T/L BOOST NEWCO B ZCP 01/31/31</name>
        <lei>N/A</lei>
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          <isin value="US92943EAE68"/>
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        <balance>372000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>376051.08000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.10367000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYSCO CORPORATI 3.15% 12/14/51</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>SYSCO CORPORATION REGD 3.15000000</title>
        <cusip>871829BR7</cusip>
        <identifiers>
          <isin value="US871829BR76"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17011.89000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-14</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQT CORP 5.75% 02/01/34</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT CORP REGD 5.75000000</title>
        <cusip>26884LAR0</cusip>
        <identifiers>
          <isin value="US26884LAR06"/>
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        <balance>128000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>131075.02000000</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>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLACKSTONE PRIV 6.25% 01/25/31</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>BLACKSTONE PRIVATE CRE REGD 6.25000000</title>
        <cusip>09261HBG1</cusip>
        <identifiers>
          <isin value="US09261HBG11"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25605.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNR 2018-57 QA 3.5% 05/25/46</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2018-57 CL QA 3.50000000</title>
        <cusip>3136B2ZR6</cusip>
        <identifiers>
          <isin value="US3136B2ZR67"/>
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        <curCd>USD</curCd>
        <valUSD>16122.68000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPA V/R /PERP/</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>949746RN3</cusip>
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          <isin value="US949746RN35"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50009.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2173-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>BROADCOM INC 3.187% 11/15/36</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC REGD 144A P/P 3.18700000</title>
        <cusip>11135FBQ3</cusip>
        <identifiers>
          <isin value="US11135FBQ37"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8224.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.18700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CHARLES SCHWAB CO V/R 08/24/34</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>CHARLES SCHWAB CORP REGD V/R 6.13600000</title>
        <cusip>808513CH6</cusip>
        <identifiers>
          <isin value="US808513CH62"/>
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        <balance>2530000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2712163.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.13600000</annualizedRt>
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      <invstOrSec>
        <name>HOAG MEMORIAL  3.803% 07/15/52</name>
        <lei>FZFVQHQN7LISVXIZDB30</lei>
        <title>HOAG MEMORIAL HOSPITAL REGD 3.80300000</title>
        <cusip>43371HAA1</cusip>
        <identifiers>
          <isin value="US43371HAA14"/>
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        <balance>41000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32691.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80300000</annualizedRt>
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      <invstOrSec>
        <name>CAS 2022-R08 1M2 V/R 07/25/42</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2022-R08 SER 2022-R08 CL 1M2 V/R REGD 144A P/P 8.33403000</title>
        <cusip>20755DAB2</cusip>
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          <isin value="US20755DAB29"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275143.54000000</valUSD>
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        <name>US TREAS NTS 4.625% 06/15/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.62500000</title>
        <cusip>91282CKV2</cusip>
        <identifiers>
          <isin value="US91282CKV27"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GNMA II P#MA3244 3.5% 11/20/45</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA3244 3.50000000</title>
        <cusip>36179RS91</cusip>
        <identifiers>
          <isin value="US36179RS915"/>
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        <curCd>USD</curCd>
        <valUSD>107733.09000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FGLMC P#G08732 3% 11/01/46</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G08732 3.00000000</title>
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          <isin value="US3128MJY619"/>
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        <curCd>USD</curCd>
        <valUSD>260613.79000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARES 2023-ALF4A  V/R 10/15/36</name>
        <lei>N/A</lei>
        <title>ARES LOAN FUNDING IV LTD SER 2023-ALF4A CL A1 V/R REGD 144A P/P 6.40590000</title>
        <cusip>04020FAA2</cusip>
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          <isin value="US04020FAA21"/>
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        <balance>930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>936320.28000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T/L MEDLINE BORR 0% 10/23/28</name>
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          <other otherDesc="LOANX" value="LX235094"/>
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        <valUSD>453206.25000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>NEUB 2015-20A AR V/R 07/15/34</name>
        <lei>N/A</lei>
        <title>NEUBERGER BERMAN CLO XX LTD SER 2015-20A CL ARR V/R REGD 144A P/P 6.07751000</title>
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          <isin value="US64130TBA25"/>
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      <invstOrSec>
        <name>PROVINCIA DE BUE S/UP 09/01/37</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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        <name>UNION PACIFIC CO 3.5% 02/14/53</name>
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      <invstOrSec>
        <name>BURLINGTN NORT 2.875% 06/15/52</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS NTS 3.625% 09/30/31</name>
        <lei>N/A</lei>
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        <name>FGLMC P#G05519 6% 06/01/39</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>4169.79000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS BDS 3.875% 02/15/43</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.87500000</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 04/22/26</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PBK1</cusip>
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        <curCd>USD</curCd>
        <valUSD>79149.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.08300000</annualizedRt>
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      <invstOrSec>
        <name>RTX CORP 4.45% 11/16/38</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 4.45000000</title>
        <cusip>913017CW7</cusip>
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          <isin value="US913017CW70"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23083.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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        <name>VISA INC 2.05% 04/15/30</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC REGD 2.05000000</title>
        <cusip>92826CAM4</cusip>
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          <isin value="US92826CAM47"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONEOK INC 4.85% 02/01/49</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 4.85000000</title>
        <cusip>682680BZ5</cusip>
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          <isin value="US682680BZ59"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21867.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>US TREAS NTS 4.25% 02/28/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
        <cusip>91282CKD2</cusip>
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          <isin value="US91282CKD29"/>
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        <curCd>USD</curCd>
        <valUSD>7545603.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
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          <maturityDt>2029-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UMBS P#BT3270 2.5% 08/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BT3270 2.50000000</title>
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        <valUSD>62144.08000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T/L FLUTTER ENT 0% 11/10/30</name>
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        <title>T/L FLUTTER ENTERTAINMENT      PUBLIC LIMITED COMPANY REGD 0.00000000</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-10</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>WI TREASURY SE 4.250% 02/15/54</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.25000000</title>
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          <isin value="US912810TX63"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>US TREAS BDS 3.625% 02/15/44</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.62500000</title>
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          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN STATES  2.9% 03/01/50</name>
        <lei>N/A</lei>
        <title>NORTHERN STATES PWR-MINN REGD 2.90000000</title>
        <cusip>665772CR8</cusip>
        <identifiers>
          <isin value="US665772CR86"/>
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        <balance>211000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>143423.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CIRSA FI 10.375% 11/30/27/EUR/</name>
        <lei>N/A</lei>
        <title>CIRSA FINANCE INTER /EUR/ REGD 144A P/P 10.37500000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2550380443"/>
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        <balance>900000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.94607380"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#QU7914 2.5% 07/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QU7914 2.50000000</title>
        <cusip>3133JLYK9</cusip>
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          <isin value="US3133JLYK97"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75315.71000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; C 4.75% 12/07/46</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>94974BGU8</cusip>
        <identifiers>
          <isin value="US94974BGU89"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8884.16000000</valUSD>
        <pctVal>0.000477620315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD8104 1.5% 11/01/50</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8104 1.50000000</title>
        <cusip>3132DWAD5</cusip>
        <identifiers>
          <isin value="US3132DWAD56"/>
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        <balance>1353722.51000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1037114.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#CB6348 4.5% 05/01/53</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CB6348 4.50000000</title>
        <cusip>3140QSBS9</cusip>
        <identifiers>
          <isin value="US3140QSBS91"/>
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        <curCd>USD</curCd>
        <valUSD>1165864.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NUCOR CORP 6.4% 12/01/37</name>
        <lei>549300GGJCRSI2TIEJ46</lei>
        <title>NUCOR CORP REGD 6.40000000</title>
        <cusip>670346AH8</cusip>
        <identifiers>
          <isin value="US670346AH87"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27889.06000000</valUSD>
        <pctVal>0.001499340583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS 2.65% 10/01/26</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC REGD 2.65000000</title>
        <cusip>70450YAD5</cusip>
        <identifiers>
          <isin value="US70450YAD58"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24198.76000000</valUSD>
        <pctVal>0.001300946785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</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>PACIFIC GAS &amp; EL 6.7% 04/01/53</name>
        <lei>N/A</lei>
        <title>PACIFIC GAS &amp; ELECTRIC REGD 6.70000000</title>
        <cusip>694308KK2</cusip>
        <identifiers>
          <isin value="US694308KK29"/>
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        <balance>55000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61856.83000000</valUSD>
        <pctVal>0.003325478004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GNR 2021-169 IO V/R 06/16/61</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-169 CL IO V/R 1.11248000</title>
        <cusip>38381DY87</cusip>
        <identifiers>
          <isin value="US38381DY871"/>
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        <balance>2864844.55000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>232386.16000000</valUSD>
        <pctVal>0.012493285926</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-06-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.11248000</annualizedRt>
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      <invstOrSec>
        <name>MICROSOFT CORP 2.525% 06/01/50</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>MICROSOFT CORP REGD 2.52500000</title>
        <cusip>594918CC6</cusip>
        <identifiers>
          <isin value="US594918CC64"/>
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        <balance>157000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>101997.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.52500000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#FM1727 5% 09/01/49</name>
        <lei>N/A</lei>
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        <cusip>3140X44M5</cusip>
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          <isin value="US3140X44M59"/>
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        <curCd>USD</curCd>
        <valUSD>61622.58000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VICI PROPERTIES 4.75% 02/15/28</name>
        <lei>N/A</lei>
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          <isin value="US925650AB99"/>
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        <balance>312000.00000000</balance>
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        <valUSD>310413.11000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>CHARTER COMM OPT 4.4% 04/01/33</name>
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          <isin value="US161175CJ14"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>FGLMC P#U95137 4% 08/01/43</name>
        <lei>N/A</lei>
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          <isin value="US3132H5EK05"/>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGLMC P#G08801 4% 02/01/48</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2048-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA7471 2% 07/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7471 2.00000000</title>
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        <balance>1240061.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1019922.81000000</valUSD>
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      <invstOrSec>
        <name>DIAMONDBACK EN 3.125% 03/24/31</name>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS 5.15% 06/01/34</name>
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      <invstOrSec>
        <name>AIR PRODUCTS &amp; C 2.8% 05/15/50</name>
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      <invstOrSec>
        <name>OCCIDENTAL PETRO 6.6% 03/15/46</name>
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      <invstOrSec>
        <name>STACR 2022-DNA6  V/R 09/25/42</name>
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        <cusip>35564KH77</cusip>
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        <curCd>USD</curCd>
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        <name>FREEPORT-MCMORA 5.45% 03/15/43</name>
        <lei>549300IRDTHJQ1PVET45</lei>
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        <cusip>35671DBC8</cusip>
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          <isin value="US35671DBC83"/>
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        <curCd>USD</curCd>
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        <name>UMBS P#AS0190 2.5% 08/01/28</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>HCOMF 2015-1A A 2.6% 11/01/35</name>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>ABBVIE INC 4.8% 03/15/29</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD 4.80000000</title>
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          <isin value="US00287YDS54"/>
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        <name>FGLMC P#G60278 4% 10/01/45</name>
        <lei>N/A</lei>
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        <name>US TREAS BDS 1.875% 02/15/41</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 1.87500000</title>
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        <name>CNH INDUSTRIAL  4.55% 04/10/28</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>ERP OPERATING LP 3.5% 03/01/28</name>
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        <name>SCRT 2019-1 M V/R 07/25/58</name>
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      <invstOrSec>
        <name>UMBS P#AP2530 4% 08/01/42</name>
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        <name>INTERCONTINENTALEX 4% 09/15/27</name>
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        <lei>549300BUDHS3LRWBE814</lei>
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        <name>GLOBAL PAYMENTS 5.95% 08/15/52</name>
        <lei>549300NOMHGVQBX6S778</lei>
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        <lei>98TPTUM4IVMFCZBCUR27</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PIEDMONT NATURAL 2.5% 03/15/31</name>
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        <name>SMB 2021-A B 2.31% 01/15/53</name>
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        <name>BP CAP MARKETS  3.41% 02/11/26</name>
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        <name>AESOP 2024-3A  5.23% 12/20/29</name>
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        <name>LINCOLN NATION 3.625% 12/12/26</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
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        <name>AETNA INC 4.75% 03/15/44</name>
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        <name>OBX 2023-NQM3 A1 V/R 04/25/27</name>
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        <name>ENTERPRISE PRODU 4.6% 01/11/27</name>
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        <name>DUKE ENERGY FLO 5.95% 11/15/52</name>
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        <name>UMBS P#SD0507 4% 09/01/45</name>
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        <name>FHR 5293 CI 2.5% 04/25/51</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-25</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>AMERICAN HONDA F 1.3% 09/09/26</name>
        <lei>N/A</lei>
        <title>AMERICAN HONDA FINANCE REGD MTN 1.30000000</title>
        <cusip>02665WDZ1</cusip>
        <identifiers>
          <isin value="US02665WDZ14"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>189027.39000000</valUSD>
        <pctVal>0.010162280022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF PE 5.625% 11/18/50</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PERU REGD 5.62500000</title>
        <cusip>715638BM3</cusip>
        <identifiers>
          <isin value="US715638BM30"/>
        </identifiers>
        <balance>290000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>285031.09000000</valUSD>
        <pctVal>0.015323524023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA5526 3% 10/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5526 3.00000000</title>
        <cusip>36179UD74</cusip>
        <identifiers>
          <isin value="US36179UD747"/>
        </identifiers>
        <balance>18460.79000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16578.63000000</valUSD>
        <pctVal>0.000891281842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO INC 2.875% 10/15/49</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 2.87500000</title>
        <cusip>713448EP9</cusip>
        <identifiers>
          <isin value="US713448EP96"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17155.07000000</valUSD>
        <pctVal>0.000922271767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APPLE INC 2.95% 09/11/49</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 2.95000000</title>
        <cusip>037833DQ0</cusip>
        <identifiers>
          <isin value="US037833DQ02"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70740.46000000</valUSD>
        <pctVal>0.003803069827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN MIDSTRE 4.05% 02/01/30</name>
        <lei>N/A</lei>
        <title>WESTERN MIDSTREAM OPERAT REGD 4.05000000</title>
        <cusip>958667AC1</cusip>
        <identifiers>
          <isin value="US958667AC17"/>
        </identifiers>
        <balance>630000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>598699.83000000</valUSD>
        <pctVal>0.032186633491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAT CAPITAL COR 4.54% 08/15/47</name>
        <lei>N/A</lei>
        <title>BAT CAPITAL CORP REGD SER WI 4.54000000</title>
        <cusip>05526DBF1</cusip>
        <identifiers>
          <isin value="US05526DBF15"/>
        </identifiers>
        <balance>1346000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1118607.83000000</valUSD>
        <pctVal>0.060137348369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.54000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO MITSU 5.808% 09/14/33</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINL GRP REGD MTN 5.80800000</title>
        <cusip>86562MDJ6</cusip>
        <identifiers>
          <isin value="US86562MDJ62"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>212371.87000000</valUSD>
        <pctVal>0.011417299957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80800000</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>HOME DEPOT INC 4.5% 12/06/48</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 4.50000000</title>
        <cusip>437076BX9</cusip>
        <identifiers>
          <isin value="US437076BX94"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45013.18000000</valUSD>
        <pctVal>0.002419948452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPR PROPERTIES 3.6% 11/15/31</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR PROPERTIES REGD 3.60000000</title>
        <cusip>26884UAG4</cusip>
        <identifiers>
          <isin value="US26884UAG40"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>441963.15000000</valUSD>
        <pctVal>0.023760330658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAS 2023-R06 1M2 V/R 07/25/43</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2023-R06 SER 2023-R06 CL 1M2 V/R REGD 144A P/P 7.43403000</title>
        <cusip>20754EAB1</cusip>
        <identifiers>
          <isin value="US20754EAB11"/>
        </identifiers>
        <balance>270000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>280834.02000000</valUSD>
        <pctVal>0.015097885819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.43403000</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>MEX BONOS DES 8% 11/07/47/MXN/</name>
        <lei>N/A</lei>
        <title>MEX BONOS DESARR FIX RT /MXN/ REGD SER M 8.00000000</title>
        <cusip>P4R07XQS8</cusip>
        <identifiers>
          <isin value="MX0MGO000102"/>
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        <balance>64180000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.29045000"/>
        <valUSD>2503882.22000000</valUSD>
        <pctVal>0.134610927352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</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>WFCM 2016-C33 3.162% 01/15/26</name>
        <lei>N/A</lei>
        <title>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C33 SER 2016-C33 CL A3 REGD 3.16200000</title>
        <cusip>95000LAY9</cusip>
        <identifiers>
          <isin value="US95000LAY92"/>
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        <balance>384613.51000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>378009.12000000</valUSD>
        <pctVal>0.020322105322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.16200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMCAST CORP 3.9% 03/01/38</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 3.90000000</title>
        <cusip>20030NCJ8</cusip>
        <identifiers>
          <isin value="US20030NCJ81"/>
        </identifiers>
        <balance>75000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65310.57000000</valUSD>
        <pctVal>0.003511154128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHUBB INA HOLDI 4.15% 03/13/43</name>
        <lei>N/A</lei>
        <title>CHUBB INA HOLDINGS LLC REGD 4.15000000</title>
        <cusip>00440EAQ0</cusip>
        <identifiers>
          <isin value="US00440EAQ08"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21905.13000000</valUSD>
        <pctVal>0.001177639203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</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>HCA INC 4.125% 06/15/29</name>
        <lei>N/A</lei>
        <title>HCA INC REGD 4.12500000</title>
        <cusip>404119BX6</cusip>
        <identifiers>
          <isin value="US404119BX69"/>
        </identifiers>
        <balance>104000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100432.06000000</valUSD>
        <pctVal>0.005399316559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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>CONSUMERS ENERG 2.65% 08/15/52</name>
        <lei>N/A</lei>
        <title>CONSUMERS ENERGY CO REGD 2.65000000</title>
        <cusip>210518DN3</cusip>
        <identifiers>
          <isin value="US210518DN34"/>
        </identifiers>
        <balance>53000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34523.12000000</valUSD>
        <pctVal>0.001855993529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
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        <name>FYBR 2024-1 A2 6.19% 05/20/31</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIAMONDBACK ENER 3.5% 12/01/29</name>
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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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      <invstOrSec>
        <name>TRANSCONT GAS PIPE 4% 03/15/28</name>
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          <isin value="US893574AK91"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FM1263 4.5% 07/01/49</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>GENERAL MOTORS F 5.4% 04/06/26</name>
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          <couponKind>Fixed</couponKind>
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        <name>FNA 2020-M36 X1 V/R 09/25/34</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>UMBS P#FM5825 4% 01/01/49</name>
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      <invstOrSec>
        <name>UMBS P#QB9961 2% 03/01/51</name>
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          <couponKind>Fixed</couponKind>
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        <name>GATX CORP 5.4% 03/15/27</name>
        <lei>549300IHYHCQP2PIR591</lei>
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      <invstOrSec>
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        <name>GNMA P#741682 4% 07/15/41</name>
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        <name>TORONTO DOMINIO 1.95% 01/12/27</name>
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        <name>FGLMC P#G08784 3.5% 10/01/47</name>
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        <name>GNMA II P#785657 2.5% 10/20/51</name>
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        <name>UMBS P#AS0038 3% 07/01/43</name>
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        <name>ENTERPRISE PRODU 2.8% 01/31/30</name>
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      <invstOrSec>
        <name>ONTARIO (PROVINC 3.1% 05/19/27</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>COSTCO WHOLESA 1.375% 06/20/27</name>
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      <invstOrSec>
        <name>CCMFC 2004-2A A1 V/R 05/25/35</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GNMA II P#MA8569 5% 01/20/53</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T-MOBILE USA INC 3.4% 10/15/52</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD SER WI 3.40000000</title>
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        <identifiers>
          <isin value="US87264ACT07"/>
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        <curCd>USD</curCd>
        <valUSD>71018.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOWE'S COS INC 4.05% 05/03/47</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE'S COS INC REGD 4.05000000</title>
        <cusip>548661DQ7</cusip>
        <identifiers>
          <isin value="US548661DQ70"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40618.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MERCK &amp; CO INC 1.45% 06/24/30</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MERCK &amp; CO INC REGD 1.45000000</title>
        <cusip>58933YAZ8</cusip>
        <identifiers>
          <isin value="US58933YAZ88"/>
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        <balance>190000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161318.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>DOW CHEMICAL CO/ 6.9% 05/15/53</name>
        <lei>N/A</lei>
        <title>DOW CHEMICAL CO/THE REGD 6.90000000</title>
        <cusip>260543DH3</cusip>
        <identifiers>
          <isin value="US260543DH36"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28910.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#4882 4% 12/20/40</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#4882 4.00000000</title>
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        <identifiers>
          <isin value="US36202FM780"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2618.58000000</valUSD>
        <pctVal>0.000140777181</pctVal>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGLMC P#G08721 3% 09/01/46</name>
        <lei>N/A</lei>
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          <isin value="US3128MJYT11"/>
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        <curCd>USD</curCd>
        <valUSD>568328.00000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>REALTY INCOME CO 3.1% 12/15/29</name>
        <lei>549300CUWDAUZSH43859</lei>
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        <cusip>756109BK9</cusip>
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          <isin value="US756109BK93"/>
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        <valUSD>52988.32000000</valUSD>
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      <invstOrSec>
        <name>BROWN &amp; BROWN  2.375% 03/15/31</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BROWN &amp; BROWN INC REGD 2.37500000</title>
        <cusip>115236AC5</cusip>
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          <isin value="US115236AC57"/>
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        <valUSD>21448.21000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4158 2% 10/01/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4158 2.00000000</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>EQUITABLE HOLDINGS 5% 04/20/48</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>EQUITABLE HOLDINGS INC REGD 5.00000000</title>
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          <isin value="US054561AM77"/>
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        <curCd>USD</curCd>
        <valUSD>15918.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LAM RESEARCH C 3.125% 06/15/60</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>LAM RESEARCH CORP REGD 3.12500000</title>
        <cusip>512807AX6</cusip>
        <identifiers>
          <isin value="US512807AX67"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16361.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#MA4733 4.5% 09/01/52</name>
        <lei>N/A</lei>
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      <invstOrSec>
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        <name>UMBS P#FS4132 6% 03/01/53</name>
        <lei>N/A</lei>
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        <name>UMBS TBA 30YR 2% DEC 24</name>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#785558 2.5% 07/20/51</name>
        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <name>UMBS P#AO6086 4% 06/01/42</name>
        <lei>N/A</lei>
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        <name>HCA INC 5.875% 02/01/29</name>
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          <couponKind>Fixed</couponKind>
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        <name>INTUIT INC 5.125% 09/15/28</name>
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        <name>GOLDMAN SACHS BAN V/R 05/21/27</name>
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        <name>REALTY IN 5.125% 07/06/34/EUR/</name>
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        <name>NSLT 2006-1 A6 V/R 08/23/36</name>
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        <name>T/L PCI GAMING 0% 5/29/26</name>
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        <name>BANCO MERCANTIL DE  V/R /PERP/</name>
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      <invstOrSec>
        <name>GNMA II P#MA5331 4.5% 07/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5331 4.50000000</title>
        <cusip>36179T4Q5</cusip>
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          <isin value="US36179T4Q56"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMMT 2019-6 B1 V/R 12/25/49</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2019-6 SER 2019-6 CL B1 V/R REGD 144A P/P 4.25462600</title>
        <cusip>46651BAY6</cusip>
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          <isin value="US46651BAY65"/>
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        <curCd>USD</curCd>
        <valUSD>610129.67000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BQ9453 2% 03/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BQ9453 2.00000000</title>
        <cusip>3140KVQF0</cusip>
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          <isin value="US3140KVQF09"/>
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        <curCd>USD</curCd>
        <valUSD>61447.16000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 4.5% 04/15/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.50000000</title>
        <cusip>91282CKJ9</cusip>
        <identifiers>
          <isin value="US91282CKJ98"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2015585.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OBX 2024-NQM1 A1 V/R 12/25/27</name>
        <lei>N/A</lei>
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        <cusip>67448LAA0</cusip>
        <identifiers>
          <isin value="US67448LAA08"/>
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        <balance>1068115.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1075467.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CF INDUSTRIES  5.375% 03/15/44</name>
        <lei>N/A</lei>
        <title>CF INDUSTRIES INC REGD 5.37500000</title>
        <cusip>12527GAE3</cusip>
        <identifiers>
          <isin value="US12527GAE35"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24110.30000000</valUSD>
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        <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>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOME DEPOT INC 3.125% 12/15/49</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 3.12500000</title>
        <cusip>437076BZ4</cusip>
        <identifiers>
          <isin value="US437076BZ43"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35443.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITEDHEALTH GRO 2.9% 05/15/50</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 2.90000000</title>
        <cusip>91324PDZ2</cusip>
        <identifiers>
          <isin value="US91324PDZ27"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13273.77000000</valUSD>
        <pctVal>0.000713609639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CSAIL 2021-C2 2.804% 03/15/31</name>
        <lei>N/A</lei>
        <title>CSAIL 2021-C20 COMMERCIAL MORTGAGE TRUST SER 2021-C20 CL A3 REGD 2.80480000</title>
        <cusip>22945EAU5</cusip>
        <identifiers>
          <isin value="US22945EAU55"/>
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        <balance>180000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157911.93000000</valUSD>
        <pctVal>0.008489485315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80480000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHENIERE ENERGY PA 4% 03/01/31</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CHENIERE ENERGY PARTNERS REGD 4.00000000</title>
        <cusip>16411QAK7</cusip>
        <identifiers>
          <isin value="US16411QAK76"/>
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        <balance>143000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>134406.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TWDC ENTERPRISE 1.85% 07/30/26</name>
        <lei>N/A</lei>
        <title>TWDC ENTERPRISES 18 CORP REGD MTN 1.85000000</title>
        <cusip>25468PDM5</cusip>
        <identifiers>
          <isin value="US25468PDM59"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191638.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLIANZ SE V/R 09/06/53</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>ALLIANZ SE REGD V/R 144A P/P 6.35000000</title>
        <cusip>018820AC4</cusip>
        <identifiers>
          <isin value="US018820AC48"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1050498.00000000</valUSD>
        <pctVal>0.056475703542</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
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      <invstOrSec>
        <name>BARCLAYS PLC 5.2% 05/12/26</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC REGD 5.20000000</title>
        <cusip>06738EAP0</cusip>
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          <isin value="US06738EAP07"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200258.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>GATX CORP 6.9% 05/01/34</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX CORP REGD 6.90000000</title>
        <cusip>361448BN2</cusip>
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          <isin value="US361448BN24"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28124.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.90000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BARCLAYS PLC V/R 05/09/34</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC REGD V/R 6.22400000</title>
        <cusip>06738ECG8</cusip>
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          <isin value="US06738ECG89"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-09</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>MAREX GROUP PL 6.404% 11/04/29</name>
        <lei>549300DWX0SVICJAL507</lei>
        <title>MAREX GROUP PLC REGD 6.40400000</title>
        <cusip>566539AA0</cusip>
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          <isin value="US566539AA08"/>
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        <balance>1255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1269569.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40400000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOME DEPOT INC 2.5% 04/15/27</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 2.50000000</title>
        <cusip>437076CA8</cusip>
        <identifiers>
          <isin value="US437076CA82"/>
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        <balance>210000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>201476.34000000</valUSD>
        <pctVal>0.010831546608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FS1092 3.5% 04/01/52</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MATTEL INC 5.875% 12/15/27</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS AG STAMFORD CT 5% 07/09/27</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ENI SPA 5.95% 05/15/54</name>
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        <cusip>26874RAP3</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 10/21/32</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA3523 4.5% 03/20/46</name>
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      <invstOrSec>
        <name>SOLVENTUM CORP 5.45% 03/13/31</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-13</maturityDt>
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      <invstOrSec>
        <name>FEDEX CORP 5.1% 01/15/44</name>
        <lei>549300E707U7WNPZN687</lei>
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        <cusip>31428XAW6</cusip>
        <identifiers>
          <isin value="US31428XAW65"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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      <invstOrSec>
        <name>PEPSICO INC 3.875% 03/19/60</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 3.87500000</title>
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          <isin value="US713448EV64"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20053.04000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CANADIAN NATL RA 3.2% 08/02/46</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#SD8199 2% 03/01/52</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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      <invstOrSec>
        <name>UMBS P#MA1281 3% 12/01/27</name>
        <lei>N/A</lei>
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        <name>NIKE INC 3.25% 03/27/40</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
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      <invstOrSec>
        <name>UMBS P#BR2664 2% 02/01/51</name>
        <lei>N/A</lei>
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        <name>US TREAS BDS 2.875% 08/15/45</name>
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        <title>UNITED STATES TREASURY BOND 2.87500000</title>
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          <isin value="US912810RN00"/>
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        <issuerCat>UST</issuerCat>
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        <name>US TREAS NTS 1.125% 02/15/31</name>
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        <title>UNITED STATES TREASURY NOTE 1.12500000</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FREEPORT-MCMOR 4.125% 03/01/28</name>
        <lei>549300IRDTHJQ1PVET45</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T/L CLARIOS GLO 0% 5/6/30</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 02/04/33</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BT3244 2.5% 07/01/51</name>
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      <invstOrSec>
        <name>CROWN CASTLE IN 2.25% 01/15/31</name>
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        <name>UNITEDHEALTH GROUP 2% 05/15/30</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KROGER CO 5.65% 09/15/64</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>LYB INTL FINAN 4.875% 03/15/44</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>GNMA II P#786340 5% 09/20/52</name>
        <lei>N/A</lei>
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        <name>CIMIC FINANCE USA  7% 03/25/34</name>
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        <name>COMCAST CORP 4.8% 05/15/33</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <name>GNMA II P#MA7254 2% 03/20/51</name>
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        <name>CSC HOLDINGS LLC 4.5% 11/15/31</name>
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        <name>LLOYDS BANKING 4.375% 03/22/28</name>
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        <name>NATIONAL AUSTRALI V/R 01/12/37</name>
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        <name>ROPER TECHNOLOG 2.95% 09/15/29</name>
        <lei>54930003T4SXCIWVXY35</lei>
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        <name>FRANCISCAN HEA 3.914% 07/01/49</name>
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        <name>IBRD 3.625% 09/21/29</name>
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        <name>SUMITOMO MITSUI 2.13% 07/08/30</name>
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        <name>SALESFORCE INC 2.9% 07/15/51</name>
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        <name>US TREAS NTS 4.125% 10/31/26</name>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#SD1305 5% 07/01/52</name>
        <lei>N/A</lei>
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        <name>VENTURE GLOBAL 3.875% 11/01/33</name>
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        <name>FHR 5148 BI 2.5% 01/25/49</name>
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        <name>STACR 2023-DNA1  V/R 03/25/43</name>
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        <name>FLX 2021-1A A2 3.25% 11/25/26</name>
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        <name>VALE SA 5.625% 09/11/42</name>
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      <invstOrSec>
        <name>GNR 2022-9 GA 2% 01/20/52</name>
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      <invstOrSec>
        <name>GSMS 2024-70P E V/R 03/10/29</name>
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      <invstOrSec>
        <name>COLUMBIA PIPEL 6.544% 11/15/53</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#FS1289 3% 03/01/52</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UMBS P#BQ6341 3% 11/01/50</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHMS K-157 X1 V/R 05/25/33</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K-157 CL X1 V/R 0.25389200</title>
        <cusip>3137HAAJ5</cusip>
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          <isin value="US3137HAAJ57"/>
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        <curCd>USD</curCd>
        <valUSD>198651.94000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HCA INC 3.5% 07/15/51</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HUMANA INC 4.95% 10/01/44</name>
        <lei>529900YLDW34GJAO4J06</lei>
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        <cusip>444859BE1</cusip>
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          <isin value="US444859BE13"/>
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        <balance>20000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRISTOL-MYERS SQ 3.7% 03/15/52</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <cusip>110122DW5</cusip>
        <identifiers>
          <isin value="US110122DW58"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77581.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>AFLAC INC 4.75% 01/15/49</name>
        <lei>549300N0B7DOGLXWPP39</lei>
        <title>AFLAC INC REGD 4.75000000</title>
        <cusip>001055AY8</cusip>
        <identifiers>
          <isin value="US001055AY85"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22916.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GNR 2020-123 IL 2.5% 08/20/50</name>
        <lei>N/A</lei>
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        <cusip>38382HS35</cusip>
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        <curCd>USD</curCd>
        <valUSD>40888.57000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#MA4077 2% 07/01/50</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>US TREAS BDS 3.875% 05/15/43</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.87500000</title>
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          <isin value="US912810TS78"/>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BOEING CO 3.75% 02/01/50</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <cusip>097023CQ6</cusip>
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          <isin value="US097023CQ64"/>
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        <balance>40000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>UBS AG STAMFORD  7.5% 02/15/28</name>
        <lei>N/A</lei>
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          <isin value="US22550L2M24"/>
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        <valUSD>2301894.83000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BM6623 2.5% 10/01/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BM6623 2.50000000</title>
        <cusip>3140JBLD6</cusip>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>TARGA RESOURCES 6.15% 03/01/29</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TARGA RESOURCES CORP REGD 6.15000000</title>
        <cusip>87612GAE1</cusip>
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        <valUSD>233179.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>T-MOBILE USA IN 5.05% 07/15/33</name>
        <lei>N/A</lei>
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        <cusip>87264ACY9</cusip>
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          <isin value="US87264ACY91"/>
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        <balance>599000.00000000</balance>
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        <valUSD>601045.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>L3HARRIS TECH I 3.85% 12/15/26</name>
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      <invstOrSec>
        <name>FNMA 30YR TBA 5% DEC 24</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FGLMC P#G60038 3.5% 01/01/44</name>
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      <invstOrSec>
        <name>FISERV INC 4.2% 10/01/28</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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      <invstOrSec>
        <name>GNMA II P#4871 6% 11/20/40</name>
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        <name>WI TREASURY SE 4.375% 05/15/34</name>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FIRST QUANTUM  9.375% 03/01/29</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <name>BP CAP MARKETS 3.001% 03/17/52</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA8425 3.5% 11/20/52</name>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS P#AS8745 3% 02/01/47</name>
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        <name>UMBS P#SD2511 5.5% 04/01/53</name>
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        <name>ILLINOIS ST 5.1% 06/01/33</name>
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        <name>BX 2024-BIO C V/R 02/15/29</name>
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      <invstOrSec>
        <name>UMBS P#CA7422 2% 10/01/40</name>
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        <issuerCat>USGSE</issuerCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T INC 5.25% 03/01/37</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 07/21/28</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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          <isin value="US06051GGR48"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIMON PROPERTY  3.25% 09/13/49</name>
        <lei>N/A</lei>
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          <isin value="US828807DH72"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JOHN DEERE CAPI 1.05% 06/17/26</name>
        <lei>N/A</lei>
        <title>JOHN DEERE CAPITAL CORP REGD MTN 1.05000000</title>
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        <identifiers>
          <isin value="US24422EVR79"/>
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        <curCd>USD</curCd>
        <valUSD>47518.36000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIFTH THIRD BAN 2.55% 05/05/27</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FIFTH THIRD BANCORP REGD 2.55000000</title>
        <cusip>316773DA5</cusip>
        <identifiers>
          <isin value="US316773DA59"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95159.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-05</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMAZON.COM INC 1.2% 06/03/27</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <cusip>023135BR6</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MELCO RESORTS  7.625% 04/17/32</name>
        <lei>N/A</lei>
        <title>MELCO RESORTS FINANCE REGD 144A P/P 7.62500000</title>
        <cusip>58547DAH2</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>MASTERCARD INC 3.85% 03/26/50</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MASTERCARD INC REGD 3.85000000</title>
        <cusip>57636QAQ7</cusip>
        <identifiers>
          <isin value="US57636QAQ73"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65461.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>STACR 2024-DNA1  V/R 02/25/44</name>
        <lei>N/A</lei>
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        <cusip>35564NBA0</cusip>
        <identifiers>
          <isin value="US35564NBA00"/>
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        <balance>810000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>820988.54000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>S&amp;P GLOBAL INC 3.9% 03/01/62</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P GLOBAL INC REGD 3.90000000</title>
        <cusip>78409VBM5</cusip>
        <identifiers>
          <isin value="US78409VBM54"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19716.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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      <invstOrSec>
        <name>REPUBLIC OF PA 2.252% 09/29/32</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PANAMA REGD 2.25200000</title>
        <cusip>698299BN3</cusip>
        <identifiers>
          <isin value="US698299BN37"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148229.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CON EDISON CO OF 5.9% 11/15/53</name>
        <lei>N/A</lei>
        <title>CON EDISON CO OF NY INC REGD 5.90000000</title>
        <cusip>209111GG2</cusip>
        <identifiers>
          <isin value="US209111GG25"/>
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        <balance>134000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144448.07000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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        <name>OBX 2021-NQM4 A1 V/R 10/25/61</name>
        <lei>N/A</lei>
        <title>OBX 2021-NQM4 TRUST SER 2021-NQM4 CL A1 V/R REGD 144A P/P 1.95700000</title>
        <cusip>67115DAA0</cusip>
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          <isin value="US67115DAA00"/>
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        <name>UMBS P#FS7294 5.5% 05/01/44</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS P#BY2978 5% 05/01/53</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BY2978 5.00000000</title>
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          <isin value="US3140NKJY88"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AERCAP IRELAND  2.45% 10/29/26</name>
        <lei>N/A</lei>
        <title>AERCAP IRELAND CAP/GLOBA REGD 2.45000000</title>
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          <isin value="US00774MAV72"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 09/22/27</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO REGD V/R SER FXD 1.47000000</title>
        <cusip>46647PCP9</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188747.27000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TARGA RESOURCES  6.5% 02/15/53</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITEDHEALTH GR 3.45% 01/15/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALPHABET INC 2.25% 08/15/60</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRUIST FINANCIAL  V/R 01/24/35</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BRAVO 2022-NQM3  V/R 07/25/62</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>PRINCIPAL FINA 5.375% 03/15/33</name>
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        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNR 2020-56 DI 2.5% 08/25/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2020-56 CL DI 2.50000000</title>
        <cusip>3136BBMQ2</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>11886.47000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FGLMC P#Q15884 3% 02/01/43</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#Q15884 3.00000000</title>
        <cusip>3132J66W9</cusip>
        <identifiers>
          <isin value="US3132J66W90"/>
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        <balance>125703.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113889.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>UMBS P#BQ5876 2.5% 11/01/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BQ5876 2.50000000</title>
        <cusip>3140KRQ69</cusip>
        <identifiers>
          <isin value="US3140KRQ690"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62119.76000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RTX CORP 3.5% 03/15/27</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD SER WI 3.50000000</title>
        <cusip>75513ECH2</cusip>
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          <isin value="US75513ECH27"/>
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        <balance>250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>243996.17000000</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>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>MPLX LP 4.875% 06/01/25</name>
        <lei>N/A</lei>
        <title>MPLX LP REGD SER WI 4.87500000</title>
        <cusip>55336VAJ9</cusip>
        <identifiers>
          <isin value="US55336VAJ98"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10001.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AU6735 3% 10/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AU6735 3.00000000</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NRZT 2016-4A A1 V/R 11/25/56</name>
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        <title>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2016-4 SER 2016-4A CL A1 V/R REGD 144A P/P 3.75000000</title>
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          <isin value="US64829LAA61"/>
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        <balance>101504.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95359.15000000</valUSD>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CHUBB INA HOLDI 3.05% 12/15/61</name>
        <lei>N/A</lei>
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          <isin value="US171239AJ50"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#QK1354 2% 02/01/42</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD4017 6% 10/01/53</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD4017 6.00000000</title>
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        <valUSD>1530315.55000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ESTEE LAUDER CO 5.15% 05/15/53</name>
        <lei>549300VFZ8XJ9NUPU221</lei>
        <title>ESTEE LAUDER CO INC REGD 5.15000000</title>
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          <isin value="US29736RAU41"/>
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          <couponKind>Fixed</couponKind>
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        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
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        <name>UMBS P#BX0553 5.5% 10/01/52</name>
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        <name>EXXON MOBIL CO 4.227% 03/19/40</name>
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        <name>FREMF 2019-KF58  V/R 01/25/26</name>
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        <invCountry>US</invCountry>
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        <name>RIO TINTO FIN USA  5% 03/09/33</name>
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        <issuerCat>CORP</issuerCat>
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        <name>NRTH 2024-PARK A V/R 03/15/29</name>
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        <name>UMBS P#SD2578 6% 03/01/53</name>
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        <name>CISCO SYSTEMS IN 5.3% 02/26/54</name>
        <lei>549300LKFJ962MZ46593</lei>
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        <name>UMBS P#AQ7003 4% 12/01/42</name>
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        <title>FANNIE MAE POOL UMBS P#AQ7003 4.00000000</title>
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        <name>PRKCM 2023-AFC1  V/R 02/25/27</name>
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      <invstOrSec>
        <name>AMGEN INC 5.65% 03/02/53</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
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        <name>FIRST QUANTUM  6.875% 10/15/27</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
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      <invstOrSec>
        <name>UDR INC 2.1% 08/01/32</name>
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      <invstOrSec>
        <name>EBAY INC 3.65% 05/10/51</name>
        <lei>OML71K8X303XQONU6T67</lei>
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        <name>GENERAL MILLS INC 3% 02/01/51</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
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        <name>BAT INTL FINAN 1.668% 03/25/26</name>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>GNR 2021-14 IO V/R 06/16/63</name>
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      <invstOrSec>
        <name>UMBS P#RC1887 2% 03/01/36</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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        <name>TEVA PHARMACEUT 3.15% 10/01/26</name>
        <lei>N/A</lei>
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        <name>PHILIP MORRIS  0.875% 05/01/26</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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      <invstOrSec>
        <name>APPLE INC 2.7% 08/05/51</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 2.70000000</title>
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        <name>FHMS K743 X1 V/R 05/25/28</name>
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        <name>UBS GROUP AG 4.55% 04/17/26</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>QDOBA 2023-1A A 8.5% 09/14/28</name>
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      <invstOrSec>
        <name>MERCK &amp; CO INC 5% 05/17/53</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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        <cusip>58933YBM6</cusip>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>VERIZON COMMUNIC 4.4% 11/01/34</name>
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        <name>UMBS P#QD4867 3% 01/01/52</name>
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        <name>ARES CAPITAL CO 2.15% 07/15/26</name>
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        <name>GENERAL DYNAMIC 4.25% 04/01/50</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
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        <lei>4SXHN5XW08IBO0UG2V58</lei>
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        <name>VERIZON COMMUN 2.875% 11/20/50</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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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>
      <invstOrSec>
        <name>UMBS P#FM8576 3% 02/01/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM8576 3.00000000</title>
        <cusip>3140XCQ68</cusip>
        <identifiers>
          <isin value="US3140XCQ687"/>
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        <balance>1350789.90000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1202287.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHILIP MORRIS I 4.75% 02/12/27</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL INC REGD 4.75000000</title>
        <cusip>718172DF3</cusip>
        <identifiers>
          <isin value="US718172DF33"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100463.47000000</valUSD>
        <pctVal>0.005401005188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOSTON PROPERTIE 3.4% 06/21/29</name>
        <lei>N/A</lei>
        <title>BOSTON PROPERTIES LP REGD 3.40000000</title>
        <cusip>10112RBB9</cusip>
        <identifiers>
          <isin value="US10112RBB96"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23159.28000000</valUSD>
        <pctVal>0.001245063419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</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>PHILIP MORRIS  5.375% 02/15/33</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL INC REGD 5.37500000</title>
        <cusip>718172DB2</cusip>
        <identifiers>
          <isin value="US718172DB29"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51169.68000000</valUSD>
        <pctVal>0.002750927348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STEEL DYNAMICS  3.25% 10/15/50</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
        <title>STEEL DYNAMICS INC REGD 3.25000000</title>
        <cusip>858119BP4</cusip>
        <identifiers>
          <isin value="US858119BP41"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17463.52000000</valUSD>
        <pctVal>0.000938854313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#787355 6% 02/20/54</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#787355 6.00000000</title>
        <cusip>3622ADBY3</cusip>
        <identifiers>
          <isin value="US3622ADBY38"/>
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        <balance>1860859.92000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1904942.91000000</valUSD>
        <pctVal>0.102411419203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>T/L DEERFIELD DA 0% 4/9/2027</name>
        <lei>N/A</lei>
        <title>T/L DEERFIELD DAKOTA HOLDING   LLC FKA DAKOTA HOLDING         CORPORATION AKA DUFF &amp; PHELPS  REGD 0.00000000</title>
        <cusip>24440EAB3</cusip>
        <identifiers>
          <isin value="US24440EAB39"/>
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        <balance>246143.98000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>239530.09000000</valUSD>
        <pctVal>0.012877349935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.35367000</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>BMARK 2019-B1 2.952% 10/15/29</name>
        <lei>N/A</lei>
        <title>BENCHMARK 2019-B13 MORTGAGE TRUST SER 2019-B13 CL A4 REGD 2.95200000</title>
        <cusip>08162DAE8</cusip>
        <identifiers>
          <isin value="US08162DAE85"/>
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        <balance>213000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>195468.37000000</valUSD>
        <pctVal>0.010508552815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95200000</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>UMBS P#BF0222 4.5% 09/01/57</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BF0222 4.50000000</title>
        <cusip>3140FXG89</cusip>
        <identifiers>
          <isin value="US3140FXG897"/>
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        <balance>162123.98000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157326.29000000</valUSD>
        <pctVal>0.008458000789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARRIER GLOBAL 2.493% 02/15/27</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>CARRIER GLOBAL CORP REGD 2.49300000</title>
        <cusip>14448CAP9</cusip>
        <identifiers>
          <isin value="US14448CAP95"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47849.83000000</valUSD>
        <pctVal>0.002572449270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.49300000</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>REPUBLIC SERVI 4.875% 04/01/29</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>REPUBLIC SERVICES INC REGD 4.87500000</title>
        <cusip>760759BB5</cusip>
        <identifiers>
          <isin value="US760759BB57"/>
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        <balance>260000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262491.49000000</valUSD>
        <pctVal>0.014111775150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN INTER 5.125% 03/27/33</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>AMERICAN INTERNATIONAL REGD 5.12500000</title>
        <cusip>026874DS3</cusip>
        <identifiers>
          <isin value="US026874DS37"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50508.22000000</valUSD>
        <pctVal>0.002715366672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>ALLSTATE CORP 5.25% 03/30/33</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>ALLSTATE CORP REGD 5.25000000</title>
        <cusip>020002BK6</cusip>
        <identifiers>
          <isin value="US020002BK68"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25460.73000000</valUSD>
        <pctVal>0.001368791410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-30</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>US TREAS BDS 1.375% 11/15/40</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 1.37500000</title>
        <cusip>912810ST6</cusip>
        <identifiers>
          <isin value="US912810ST60"/>
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        <balance>620000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>405058.59000000</valUSD>
        <pctVal>0.021776308804</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS 1.65% 06/01/25</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC REGD 1.65000000</title>
        <cusip>70450YAG8</cusip>
        <identifiers>
          <isin value="US70450YAG89"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9846.85000000</valUSD>
        <pctVal>0.000529375383</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CHARTER COMM OP 3.85% 04/01/61</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD 3.85000000</title>
        <cusip>161175BY9</cusip>
        <identifiers>
          <isin value="US161175BY99"/>
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        <balance>108000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69095.27000000</valUSD>
        <pctVal>0.003714622954</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</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>UMBS P#CB6322 5.5% 05/01/53</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CB6322 5.50000000</title>
        <cusip>3140QSAY7</cusip>
        <identifiers>
          <isin value="US3140QSAY78"/>
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        <balance>266653.33000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>267861.21000000</valUSD>
        <pctVal>0.014400456056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>GILEAD SCIENCES 3.65% 03/01/26</name>
        <lei>549300WTZWR07K8MNV44</lei>
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      <invstOrSec>
        <name>OCI NV 6.7% 03/16/33</name>
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        <name>REALTY INCOME C 3.25% 01/15/31</name>
        <lei>549300CUWDAUZSH43859</lei>
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        <balance>74000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>PNC FINANCIAL SER V/R 01/26/27</name>
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        <name>OCCIDENTAL PETR 6.45% 09/15/36</name>
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        <name>ASTRAZENECA FINANC 5% 02/26/34</name>
        <lei>549300C3HATU4Q460S18</lei>
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        <cusip>04636NAN3</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>REPUBLIC OF PER 6.55% 03/14/37</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PERU REGD 6.55000000</title>
        <cusip>715638AU6</cusip>
        <identifiers>
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        <balance>70000.00000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>PE</invCountry>
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          <maturityDt>2037-03-14</maturityDt>
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      <invstOrSec>
        <name>CNO FINANCIAL G 6.45% 06/15/34</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
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        <cusip>12621EAM5</cusip>
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          <isin value="US12621EAM57"/>
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        <valUSD>800934.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>NATWEST GROUP PLC V/R 03/01/35</name>
        <lei>2138005O9XJIJN4JPN90</lei>
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        <cusip>639057AN8</cusip>
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        <balance>1500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>NISOURCE INC 5.25% 03/30/28</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NISOURCE INC REGD 5.25000000</title>
        <cusip>65473PAN5</cusip>
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        <balance>161000.00000000</balance>
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        <name>REPUBLIC OF PERU 3% 01/15/34</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PERU REGD 3.00000000</title>
        <cusip>715638DU3</cusip>
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        <issuerCat>USGA</issuerCat>
        <invCountry>PE</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>BOEING CO 3.2% 03/01/29</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <cusip>097023CD5</cusip>
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          <isin value="US097023CD51"/>
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        <name>T/L CLOUDERA INC 0% 10/08/2028</name>
        <lei>N/A</lei>
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          <isin value="US74339VAB45"/>
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        <name>T-MOBILE USA INC 3.3% 02/15/51</name>
        <lei>N/A</lei>
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        <cusip>87264ABN4</cusip>
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          <isin value="US87264ABN46"/>
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        <name>UMBS P#AQ3599 4% 11/01/42</name>
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        <issuerCat>USGSE</issuerCat>
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        <name>UMBS P#RB5117 1.5% 07/01/41</name>
        <lei>N/A</lei>
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          <isin value="US3133KYVJ53"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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      <invstOrSec>
        <name>ATMOS ENERGY C 4.125% 10/15/44</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>ATMOS ENERGY CORP REGD 4.12500000</title>
        <cusip>049560AM7</cusip>
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          <isin value="US049560AM78"/>
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        <curCd>USD</curCd>
        <valUSD>78835.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERCONTINENTA 2.65% 09/15/40</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>INTERCONTINENTALEXCHANGE REGD 2.65000000</title>
        <cusip>45866FAP9</cusip>
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          <isin value="US45866FAP99"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18303.18000000</valUSD>
        <pctVal>0.000983995179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KYNDRYL HOLDING 2.05% 10/15/26</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>KYNDRYL HOLDINGS INC REGD SER WI 2.05000000</title>
        <cusip>50155QAJ9</cusip>
        <identifiers>
          <isin value="US50155QAJ94"/>
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        <balance>750000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>712498.25000000</valUSD>
        <pctVal>0.038304537411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.05000000</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>PIONEER NATURA 1.125% 01/15/26</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
        <title>PIONEER NATURAL RESOURCE REGD 1.12500000</title>
        <cusip>723787AT4</cusip>
        <identifiers>
          <isin value="US723787AT45"/>
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        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28896.72000000</valUSD>
        <pctVal>0.001553513278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ORACLE CORP 2.875% 03/25/31</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 2.87500000</title>
        <cusip>68389XCE3</cusip>
        <identifiers>
          <isin value="US68389XCE31"/>
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        <balance>600000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>535422.92000000</valUSD>
        <pctVal>0.028784810727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US TREAS NTS 4.625% 03/15/26</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.62500000</title>
        <cusip>91282CGR6</cusip>
        <identifiers>
          <isin value="US91282CGR60"/>
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        <balance>4995000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5015487.29000000</valUSD>
        <pctVal>0.269637041965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#AY6262 3% 03/01/30</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AY6262 3.00000000</title>
        <cusip>3138YK5Y5</cusip>
        <identifiers>
          <isin value="US3138YK5Y54"/>
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        <balance>15397.80000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14816.07000000</valUSD>
        <pctVal>0.000796525054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UTAH ACQUISITIO 3.95% 06/15/26</name>
        <lei>N/A</lei>
        <title>UTAH ACQUISITION SUB REGD SER WI 3.95000000</title>
        <cusip>62854AAN4</cusip>
        <identifiers>
          <isin value="US62854AAN46"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98494.50000000</valUSD>
        <pctVal>0.005295151616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CGCMT 2016-P5 2.941% 09/10/26</name>
        <lei>N/A</lei>
        <title>CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P5 SER 2016-P5 CL A4 REGD 2.94100000</title>
        <cusip>17325DAD5</cusip>
        <identifiers>
          <isin value="US17325DAD57"/>
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        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>475470.75000000</valUSD>
        <pctVal>0.025561728932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.94100000</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>UMBS P#SD6306 6.5% 09/01/54</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD6306 6.50000000</title>
        <cusip>3132DUAF4</cusip>
        <identifiers>
          <isin value="US3132DUAF49"/>
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        <balance>214082.79000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219880.52000000</valUSD>
        <pctVal>0.011820971636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-01</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>
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      <invstOrSec>
        <name>TARGA RESOURCE 4.875% 02/01/31</name>
        <lei>N/A</lei>
        <title>TARGA RESOURCES PARTNERS REGD 4.87500000</title>
        <cusip>87612BBS0</cusip>
        <identifiers>
          <isin value="US87612BBS07"/>
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        <balance>639000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>626352.15000000</valUSD>
        <pctVal>0.033673246723</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BRANDYWINE OPER  8.3% 03/15/28</name>
        <lei>N/A</lei>
        <title>BRANDYWINE OPER PARTNERS REGD 8.30000000</title>
        <cusip>105340AR4</cusip>
        <identifiers>
          <isin value="US105340AR47"/>
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        <balance>950000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1003409.00000000</valUSD>
        <pctVal>0.053944157167</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>8.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FM8166 3% 06/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM8166 3.00000000</title>
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        <identifiers>
          <isin value="US3140XCCC06"/>
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        <balance>197820.70000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>176941.98000000</valUSD>
        <pctVal>0.009512557669</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CVS HEALTH CORP                AMRTZ 6.036%28</name>
        <lei>N/A</lei>
        <title>CVS HEALTH CORP                AMRTZ 6.036%28 6.03600000</title>
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        <identifiers>
          <isin value="US126650BP48"/>
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        <balance>77980.05000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78589.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.03600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FNA 2022-M10 A2 V/R 01/25/32</name>
        <lei>N/A</lei>
        <title>FANNIE MAE-ACES SER 2022-M10 CL A2 V/R 2.00200000</title>
        <cusip>3136BMXZ6</cusip>
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          <isin value="US3136BMXZ61"/>
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        <balance>265000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>223546.26000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>2.00200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COM V/R 04/04/31</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>95000U2L6</cusip>
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          <isin value="US95000U2L65"/>
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        <curCd>USD</curCd>
        <valUSD>98133.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.47800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREAS BDS 4.125% 08/15/53</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.12500000</title>
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          <isin value="US912810TT51"/>
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        <balance>904000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>862737.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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      <invstOrSec>
        <name>AMERICAN INTL  4.375% 06/30/50</name>
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      <invstOrSec>
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        <lei>213800TB53ELEUKM7Q61</lei>
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          <isin value="US92857WBS89"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA 30YR TBA 6% DEC 24</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#256153 5.5% 03/01/26</name>
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          <isin value="US31371MQE02"/>
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      <invstOrSec>
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      <invstOrSec>
        <name>UMBS P#FS2914 4.5% 09/01/52</name>
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        <name>APPLE INC 4.375% 05/13/45</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 4.37500000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CISCO SYSTEMS IN 5.5% 01/15/40</name>
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        <cusip>17275RAF9</cusip>
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        <name>UMBS P#BU1421 3% 01/01/52</name>
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        <name>FHMS K131 X1 V/R 07/25/31</name>
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        <lei>784F5XWPLTWKTBV3E584</lei>
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        <name>UNITEDHEALTH GR 4.25% 01/15/29</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PROLOGIS LP 4.625% 01/15/33</name>
        <lei>N/A</lei>
        <title>PROLOGIS LP REGD 4.62500000</title>
        <cusip>74340XBT7</cusip>
        <identifiers>
          <isin value="US74340XBT72"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24741.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITEDHEALTH GRO 2.3% 05/15/31</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 2.30000000</title>
        <cusip>91324PED0</cusip>
        <identifiers>
          <isin value="US91324PED06"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>86801.72000000</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>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FM7869 2.5% 01/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM7869 2.50000000</title>
        <cusip>3140XBW71</cusip>
        <identifiers>
          <isin value="US3140XBW711"/>
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        <balance>70124.89000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59662.78000000</valUSD>
        <pctVal>0.003207523932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HOME DEPOT INC 2.75% 09/15/51</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 2.75000000</title>
        <cusip>437076CK6</cusip>
        <identifiers>
          <isin value="US437076CK64"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32478.76000000</valUSD>
        <pctVal>0.001746086923</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD2919 5.5% 04/01/53</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD2919 5.50000000</title>
        <cusip>3132DQG42</cusip>
        <identifiers>
          <isin value="US3132DQG422"/>
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        <balance>1040719.97000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1044828.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMAZON.COM INC 4.25% 08/22/57</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 4.25000000</title>
        <cusip>023135BM7</cusip>
        <identifiers>
          <isin value="US023135BM78"/>
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        <balance>115000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99997.05000000</valUSD>
        <pctVal>0.005375930035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>
      <invstOrSec>
        <name>WALT DISNEY COMP 3.5% 05/13/40</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>WALT DISNEY COMPANY/THE REGD 3.50000000</title>
        <cusip>254687FY7</cusip>
        <identifiers>
          <isin value="US254687FY73"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41592.90000000</valUSD>
        <pctVal>0.002236071168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>WELLS FARGO &amp; COM V/R 02/11/31</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R MTN 2.57200000</title>
        <cusip>95000U2J1</cusip>
        <identifiers>
          <isin value="US95000U2J10"/>
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        <balance>103000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>92023.00000000</valUSD>
        <pctVal>0.004947238040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.57200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>WARNERMEDIA HO 6.412% 03/15/26</name>
        <lei>N/A</lei>
        <title>WARNERMEDIA HOLDINGS INC REGD 6.41200000</title>
        <cusip>55903VBG7</cusip>
        <identifiers>
          <isin value="US55903VBG77"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20000.43000000</valUSD>
        <pctVal>0.001075240843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.41200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CHARTER COMM OP 6.55% 06/01/34</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD 6.55000000</title>
        <cusip>161175CR3</cusip>
        <identifiers>
          <isin value="US161175CR30"/>
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        <balance>130000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>136341.51000000</valUSD>
        <pctVal>0.007329840417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VERIZON COMMUN 2.625% 08/15/26</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 2.62500000</title>
        <cusip>92343VDD3</cusip>
        <identifiers>
          <isin value="US92343VDD38"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97268.35000000</valUSD>
        <pctVal>0.005229232705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLACKSTONE PRIV 3.25% 03/15/27</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>BLACKSTONE PRIVATE CRE REGD SER WI 3.25000000</title>
        <cusip>09261HAK3</cusip>
        <identifiers>
          <isin value="US09261HAK32"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47796.50000000</valUSD>
        <pctVal>0.002569582202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 04/29/31</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP REGD V/R 2.59200000</title>
        <cusip>06051GJB6</cusip>
        <identifiers>
          <isin value="US06051GJB68"/>
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        <balance>383000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>341864.30000000</valUSD>
        <pctVal>0.018378927764</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-29</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>WELLS FARGO &amp; C 4.65% 11/04/44</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD MTN 4.65000000</title>
        <cusip>94974BGE4</cusip>
        <identifiers>
          <isin value="US94974BGE48"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17727.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMGEN INC 3.375% 02/21/50</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC REGD 3.37500000</title>
        <cusip>031162CS7</cusip>
        <identifiers>
          <isin value="US031162CS70"/>
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        <balance>43000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31186.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</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>UMBS P#CB2767 2% 01/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CB2767 2.00000000</title>
        <cusip>3140QNCD2</cusip>
        <identifiers>
          <isin value="US3140QNCD27"/>
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        <balance>2280321.47000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1840850.46000000</valUSD>
        <pctVal>0.098965752285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>UMBS P#QC6303 2% 09/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QC6303 2.00000000</title>
        <cusip>3133ARAC9</cusip>
        <identifiers>
          <isin value="US3133ARAC98"/>
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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>2051-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMAZON.COM INC 3.3% 04/13/27</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 3.30000000</title>
        <cusip>023135CF1</cusip>
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        <curCd>USD</curCd>
        <valUSD>254159.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TARGA RESOURCES  4.2% 02/01/33</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TARGA RESOURCES CORP REGD 4.20000000</title>
        <cusip>87612GAA9</cusip>
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          <isin value="US87612GAA94"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MARTIN MARIETTA 4.25% 12/15/47</name>
        <lei>5299005MZ4WZECVATV08</lei>
        <title>MARTIN MARIETTA MATERIAL REGD 4.25000000</title>
        <cusip>573284AU0</cusip>
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          <isin value="US573284AU07"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 3.875% 12/31/2027</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.87500000</title>
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          <isin value="US91282CGC91"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ADMT 2024-NQM 5.464% 08/25/69</name>
        <lei>N/A</lei>
        <title>A&amp;D MORTGAGE TRUST 2024-NQM4 SER 2024-NQM4 CL A1 REGD 144A P/P 5.46400000</title>
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          <isin value="US002939AC08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#735402 5% 04/01/35</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#735402 5.00000000</title>
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          <isin value="US31402RAB50"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VERIZON COMMUNI 3.15% 03/22/30</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 3.15000000</title>
        <cusip>92343VFE9</cusip>
        <identifiers>
          <isin value="US92343VFE92"/>
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        <balance>640000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>592471.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HONEYWELL INTERN 2.5% 11/01/26</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HONEYWELL INTERNATIONAL REGD 2.50000000</title>
        <cusip>438516BL9</cusip>
        <identifiers>
          <isin value="US438516BL94"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>96633.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>ONEOK INC 5.55% 11/01/26</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 5.55000000</title>
        <cusip>682680BH5</cusip>
        <identifiers>
          <isin value="US682680BH51"/>
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        <balance>120000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>121623.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#MA4761 5% 09/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4761 5.00000000</title>
        <cusip>31418EJF8</cusip>
        <identifiers>
          <isin value="US31418EJF88"/>
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        <balance>500985.22000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>493305.31000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MARATHON PETROLE 6.5% 03/01/41</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>MARATHON PETROLEUM CORP REGD 6.50000000</title>
        <cusip>56585AAF9</cusip>
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          <isin value="US56585AAF93"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26952.77000000</valUSD>
        <pctVal>0.001449004803</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>CIM 2020-R6 A1A V/R 12/25/60</name>
        <lei>N/A</lei>
        <title>CIM TRUST 2020-R6 SER 2020-R6 CL A1A V/R REGD 144A P/P 2.25000000</title>
        <cusip>12560YAB8</cusip>
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          <isin value="US12560YAB83"/>
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        <balance>405530.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>359242.89000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>ROYALTY PHARMA P 5.4% 09/02/34</name>
        <lei>549300FGFN7VOK8BZR03</lei>
        <title>ROYALTY PHARMA PLC REGD 5.40000000</title>
        <cusip>78081BAR4</cusip>
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          <isin value="US78081BAR42"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99556.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>BERKSHIRE HATHA 5.75% 01/15/40</name>
        <lei>N/A</lei>
        <title>BERKSHIRE HATHAWAY FIN REGD 5.75000000</title>
        <cusip>084664BL4</cusip>
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          <isin value="US084664BL47"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27539.55000000</valUSD>
        <pctVal>0.001480550616</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#AQ0100 4% 10/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AQ0100 4.00000000</title>
        <cusip>3138MFDE4</cusip>
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          <isin value="US3138MFDE49"/>
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        <balance>15309.13000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14700.66000000</valUSD>
        <pctVal>0.000790320510</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>DUKE ENERGY CAR 5.35% 01/15/53</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY CAROLINAS REGD 5.35000000</title>
        <cusip>26442CBK9</cusip>
        <identifiers>
          <isin value="US26442CBK99"/>
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        <balance>352000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>354201.26000000</valUSD>
        <pctVal>0.019042173668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>APPLE INC 2.65% 05/11/50</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 2.65000000</title>
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        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM5665 3.50000000</title>
        <cusip>3140X9JK2</cusip>
        <identifiers>
          <isin value="US3140X9JK22"/>
        </identifiers>
        <balance>105587.18000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97377.14000000</valUSD>
        <pctVal>0.005235081352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REGENCY CENTERS  3.6% 02/01/27</name>
        <lei>N/A</lei>
        <title>REGENCY CENTERS LP REGD 3.60000000</title>
        <cusip>75884RAV5</cusip>
        <identifiers>
          <isin value="US75884RAV50"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24443.54000000</valUSD>
        <pctVal>0.001314106374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</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>AESOP 2023-5A  5.78% 04/20/27</name>
        <lei>N/A</lei>
        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2023-5A CL A REGD 144A P/P 5.78000000</title>
        <cusip>05377RHC1</cusip>
        <identifiers>
          <isin value="US05377RHC16"/>
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        <balance>780000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>796570.44000000</valUSD>
        <pctVal>0.042824332859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.78000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIKE INC 2.85% 03/27/30</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE INC REGD 2.85000000</title>
        <cusip>654106AK9</cusip>
        <identifiers>
          <isin value="US654106AK94"/>
        </identifiers>
        <balance>140000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>129097.13000000</valUSD>
        <pctVal>0.006940376128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLENCORE FUNDI 3.375% 09/23/51</name>
        <lei>N/A</lei>
        <title>GLENCORE FUNDING LLC REGD 144A P/P 3.37500000</title>
        <cusip>378272BH0</cusip>
        <identifiers>
          <isin value="US378272BH01"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>697395.28000000</valUSD>
        <pctVal>0.037492588358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX 2024-XL5 A V/R 03/15/26</name>
        <lei>N/A</lei>
        <title>BX COMMERCIAL MORTGAGE TRUST 2024-XL5 SER 2024-XL5 CL A V/R REGD 144A P/P 6.00094000</title>
        <cusip>05612GAA1</cusip>
        <identifiers>
          <isin value="US05612GAA13"/>
        </identifiers>
        <balance>422707.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>424428.07000000</valUSD>
        <pctVal>0.022817629216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.00094000</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>BOEING CO 3.1% 05/01/26</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO REGD 3.10000000</title>
        <cusip>097023CH6</cusip>
        <identifiers>
          <isin value="US097023CH65"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48563.90000000</valUSD>
        <pctVal>0.002610838306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIEDMONT NATURAL 3.5% 06/01/29</name>
        <lei>N/A</lei>
        <title>PIEDMONT NATURAL GAS CO REGD 3.50000000</title>
        <cusip>720186AL9</cusip>
        <identifiers>
          <isin value="US720186AL95"/>
        </identifiers>
        <balance>90000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>85494.40000000</valUSD>
        <pctVal>0.004596254718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA1090 3.5% 06/20/43</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA1090 3.50000000</title>
        <cusip>36179NF78</cusip>
        <identifiers>
          <isin value="US36179NF788"/>
        </identifiers>
        <balance>147222.71000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137591.87000000</valUSD>
        <pctVal>0.007397060879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>ENTERPRISE PROD 3.95% 01/31/60</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 3.95000000</title>
        <cusip>29379VBZ5</cusip>
        <identifiers>
          <isin value="US29379VBZ58"/>
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        <balance>180000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138516.73000000</valUSD>
        <pctVal>0.007446782172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORD MOTOR CREDI 2.9% 02/16/28</name>
        <lei>N/A</lei>
        <title>FORD MOTOR CREDIT CO LLC REGD 2.90000000</title>
        <cusip>345397B51</cusip>
        <identifiers>
          <isin value="US345397B512"/>
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        <balance>460000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>427399.09000000</valUSD>
        <pctVal>0.022977353884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</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>UMBS P#MA4632 3% 06/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4632 3.00000000</title>
        <cusip>31418EEE6</cusip>
        <identifiers>
          <isin value="US31418EEE68"/>
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        <balance>335544.45000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>302428.32000000</valUSD>
        <pctVal>0.016258814527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTEL CORP 4.75% 03/25/50</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTEL CORP REGD 4.75000000</title>
        <cusip>458140BM1</cusip>
        <identifiers>
          <isin value="US458140BM12"/>
        </identifiers>
        <balance>210000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>175846.46000000</valUSD>
        <pctVal>0.009453661543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>APPLE INC 4.3% 05/10/33</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 4.30000000</title>
        <cusip>037833EV8</cusip>
        <identifiers>
          <isin value="US037833EV87"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100023.25000000</valUSD>
        <pctVal>0.005377338571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FM6184 2% 03/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM6184 2.00000000</title>
        <cusip>3140X92S3</cusip>
        <identifiers>
          <isin value="US3140X92S39"/>
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        <balance>267899.03000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219206.39000000</valUSD>
        <pctVal>0.011784729810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>AEP TEXAS INC 5.4% 06/01/33</name>
        <lei>N/A</lei>
        <title>AEP TEXAS INC REGD 5.40000000</title>
        <cusip>00108WAR1</cusip>
        <identifiers>
          <isin value="US00108WAR16"/>
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        <balance>43000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43475.57000000</valUSD>
        <pctVal>0.002337285175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AERCAP IRELAND C 3.4% 10/29/33</name>
        <lei>N/A</lei>
        <title>AERCAP IRELAND CAP/GLOBA REGD 3.40000000</title>
        <cusip>00774MAY1</cusip>
        <identifiers>
          <isin value="US00774MAY12"/>
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        <balance>150000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130466.72000000</valUSD>
        <pctVal>0.007014006500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
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      <invstOrSec>
        <name>SIMON PROPERTY  2.45% 09/13/29</name>
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        <title>SIMON PROPERTY GROUP LP REGD 2.45000000</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARLES SCHWAB  2.45% 03/03/27</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CAPITAL ONE FINAN V/R 02/01/34</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEB4P 2021-1A 4.969% 01/30/27</name>
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        <name>UMBS P#QC3690 2.5% 07/01/51</name>
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        <name>UMBS P#AS8489 3% 12/01/46</name>
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        <name>UMBS P#SD7551 3% 01/01/52</name>
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        <name>UMBS P#AQ4555 4% 12/01/42</name>
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        <name>YAMANA GOLD INC 2.63% 08/15/31</name>
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        <name>EQUITABLE HOLD 5.594% 01/11/33</name>
        <lei>549300FIBAKMNHPZ4009</lei>
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        <name>VERIZON COMMUN 4.016% 12/03/29</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <name>PRUDENTIAL FINA 5.75% 07/15/33</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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      <invstOrSec>
        <name>RTX CORP 6.1% 03/15/34</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CCO HLDGS LLC/C 4.75% 02/01/32</name>
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      <invstOrSec>
        <name>AIR LEASE CORP 5.3% 02/01/28</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <issuerCat>UST</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CIGNA GROUP/THE 3.4% 03/15/50</name>
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        <curCd>USD</curCd>
        <valUSD>35434.02000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GNMA P#781811 5% 10/15/34</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNR 2017-H22 IC V/R 11/20/67</name>
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        <curCd>USD</curCd>
        <valUSD>12031.94000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ANHEUSER-BUSCH I 4.6% 04/15/48</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TORONTO-DOMINIO 1.25% 09/10/26</name>
        <lei>PT3QB789TSUIDF371261</lei>
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          <isin value="US89114TZG02"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94283.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ORACLE CORP 3.85% 07/15/36</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 3.85000000</title>
        <cusip>68389XBH7</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>CONOCOPHILLIPS 4.025% 03/15/62</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS P#AB9351 3% 05/01/43</name>
        <lei>N/A</lei>
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        <name>UMBS P#FS1603 3.5% 05/01/52</name>
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      <invstOrSec>
        <name>UMBS P#RA7186 4% 04/01/52</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>SIDC 2024-1A A2 5.9% 03/26/29</name>
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      <invstOrSec>
        <name>HONK 2022-1A  7.393% 10/20/27</name>
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      <invstOrSec>
        <name>JOHN DEERE CAPI 4.75% 06/08/26</name>
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          <isin value="US24422EWX39"/>
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        <name>ECOLAB INC 2.125% 08/15/50</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EQT CORP 3.625% 05/15/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>BRL/USD FWD 20250103 STAR USD</title>
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          <other otherDesc="INTERNAL" value="1296292798"/>
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        <name>US TREAS NTS 0.5% 02/28/26</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US912810SN90"/>
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        <name>UMBS P#QC7086 2.5% 09/01/51</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <lei>549300HOF34RGOJ5YL07</lei>
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          <isin value="US47233JBH05"/>
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        <curCd>USD</curCd>
        <valUSD>48188.56000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA7311 2% 04/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7311 2.00000000</title>
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        <identifiers>
          <isin value="US36179WDQ87"/>
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        <curCd>USD</curCd>
        <valUSD>799546.64000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HANOVER INSURANC 4.5% 04/15/26</name>
        <lei>JJYR6MFKFF6CF8DBZ078</lei>
        <title>HANOVER INSURANCE GROUP REGD 4.50000000</title>
        <cusip>410867AF2</cusip>
        <identifiers>
          <isin value="US410867AF22"/>
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        <valUSD>24837.43000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREAS BDS 1.625% 11/15/50</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 1.62500000</title>
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        <identifiers>
          <isin value="US912810SS87"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA2523 3% 02/01/36</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA2523 3.00000000</title>
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          <isin value="US31418BYV25"/>
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        <curCd>USD</curCd>
        <valUSD>68745.04000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#ZA4692 3.5% 06/01/46</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#ZA4692 3.50000000</title>
        <cusip>31329NF94</cusip>
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          <isin value="US31329NF941"/>
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        <curCd>USD</curCd>
        <valUSD>131374.01000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>DXC TECHNOLOGY C 1.8% 09/15/26</name>
        <lei>549300DOVZ3EDJB7O259</lei>
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        <cusip>23355LAL0</cusip>
        <identifiers>
          <isin value="US23355LAL09"/>
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        <curCd>USD</curCd>
        <valUSD>23638.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SDAL 2024-DAL B V/R 04/15/26</name>
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          <isin value="US81130BAC28"/>
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        <balance>4960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4930968.62000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>SPIRIT AEROSYST 9.75% 11/15/30</name>
        <lei>N/A</lei>
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        <cusip>85205TAR1</cusip>
        <identifiers>
          <isin value="US85205TAR14"/>
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        <balance>1180000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1312339.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FM7910 2.5% 07/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM7910 2.50000000</title>
        <cusip>3140XBYG9</cusip>
        <identifiers>
          <isin value="US3140XBYG98"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>129047.98000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CENTENE CORP 4.625% 12/15/29</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CENTENE CORP REGD SER WI 4.62500000</title>
        <cusip>15135BAT8</cusip>
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          <isin value="US15135BAT89"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>239851.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>SUMITOMO MITSU 2.174% 01/14/27</name>
        <lei>35380028MYWPB6AUO129</lei>
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        <curCd>USD</curCd>
        <valUSD>190524.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HCA INC 3.5% 09/01/30</name>
        <lei>N/A</lei>
        <title>HCA INC REGD 3.50000000</title>
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          <isin value="US404119CA57"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WALMART INC 2.65% 09/22/51</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WALMART INC REGD 2.65000000</title>
        <cusip>931142EV1</cusip>
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          <isin value="US931142EV12"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#ZT1546 4.5% 12/01/48</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4536 2% 02/01/37</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4536 2.00000000</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KINDER MORGAN I 3.25% 08/01/50</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN INC REGD 3.25000000</title>
        <cusip>49456BAS0</cusip>
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          <isin value="US49456BAS07"/>
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        <balance>55000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37004.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SANDS CHINA LTD 5.4% 08/08/28</name>
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          <isin value="US80007RAE53"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#AT3708 3.5% 04/01/33</name>
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      <invstOrSec>
        <name>CONOCOPHILLIPS C 5.3% 05/15/53</name>
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          <isin value="US20826FBE51"/>
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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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          <couponKind>Fixed</couponKind>
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        <name>WESTERN MIDSTRE 5.25% 02/01/50</name>
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        <title>WESTERN MIDSTREAM OPERAT REGD 5.25000000</title>
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        <identifiers>
          <isin value="US958667AA50"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CONOCOPHILLIPS C 5.7% 09/15/63</name>
        <lei>N/A</lei>
        <title>CONOCOPHILLIPS COMPANY REGD 5.70000000</title>
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          <isin value="US20826FBH82"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHR 3973 SA V/R 12/15/41</name>
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        <identifiers>
          <isin value="US3137AJYN85"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>DELL INT LLC /  8.35% 07/15/46</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US24703TAK25"/>
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        <balance>23000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30531.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGLMC P#G67713 4% 06/01/48</name>
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        <curCd>USD</curCd>
        <valUSD>377659.09000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>META PLATFORMS  4.65% 08/15/62</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
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        <valUSD>194211.28000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FM5660 4.5% 08/01/49</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ERP OPERATING LP 2.5% 02/15/30</name>
        <lei>N/A</lei>
        <title>ERP OPERATING LP REGD 2.50000000</title>
        <cusip>26884ABM4</cusip>
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          <isin value="US26884ABM45"/>
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      <invstOrSec>
        <name>UMBS P#AS0070 4% 08/01/43</name>
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        <name>STACR 2022-DNA3  V/R 04/25/42</name>
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      <invstOrSec>
        <name>MASTERCARD INC 3.65% 06/01/49</name>
        <lei>AR5L2ODV9HN37376R084</lei>
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          <isin value="US57636QAL86"/>
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        <valUSD>19811.81000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>CONSTELLATION B 5.25% 11/15/48</name>
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          <isin value="US21036PBD96"/>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#5116 5% 07/20/41</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#5116 5.00000000</title>
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          <isin value="US36202FVH62"/>
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        <curCd>USD</curCd>
        <valUSD>8534.14000000</valUSD>
        <pctVal>0.000458802930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>UMBS P#SD8205 2.5% 04/01/52</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FS KKR CAPITAL C 3.4% 01/15/26</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ONNI 2024-APT A V/R 07/15/29</name>
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      <invstOrSec>
        <name>BROOKFIELD FINA 4.85% 03/29/29</name>
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        <name>CREDIT SUISSE GRO 9.75% /PERP/</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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        <name>UMBS P#MA4236 1.5% 01/01/51</name>
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          <isin value="US31418DV668"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BNP PARIBAS V/R 04/19/32</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <cusip>09659W2P8</cusip>
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          <isin value="US09659W2P81"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173385.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>GNR 2016-135 SB V/R 10/16/46</name>
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        <curCd>USD</curCd>
        <valUSD>10637.04000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PEPSICO INC 3.625% 03/19/50</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 3.62500000</title>
        <cusip>713448EU8</cusip>
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          <isin value="US713448EU81"/>
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      <invstOrSec>
        <name>CHARTER COMM OPT 3.9% 06/01/52</name>
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          <isin value="US161175CA05"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD1463 3% 12/01/51</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>CD 2017-CD3 A 3.631% 01/10/27</name>
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        <title>CD 2017-CD3 MORTGAGE TRUST SER 2017-CD3 CL A4 REGD 3.63100000</title>
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          <isin value="US12515GAD97"/>
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        <name>UMBS P#SD0493 3.5% 06/01/48</name>
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      <invstOrSec>
        <name>AUTOZONE INC 5.4% 07/15/34</name>
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        <name>UMBS P#SD8178 2.5% 11/01/51</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#FS4524 5% 05/01/53</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS4524 5.00000000</title>
        <cusip>3140XLA24</cusip>
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          <isin value="US3140XLA245"/>
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        <curCd>USD</curCd>
        <valUSD>1180382.39000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FEDEX CORP 4.1% 02/01/45</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FEDEX CORP REGD 4.10000000</title>
        <cusip>31428XBB1</cusip>
        <identifiers>
          <isin value="US31428XBB10"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20495.33000000</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>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#AT9653 4% 07/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AT9653 4.00000000</title>
        <cusip>3138WXWP8</cusip>
        <identifiers>
          <isin value="US3138WXWP80"/>
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        <balance>64573.92000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62097.89000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMMSCOPE LLC 4.75% 09/01/29</name>
        <lei>N/A</lei>
        <title>COMMSCOPE LLC REGD 144A P/P 4.75000000</title>
        <cusip>203372AX5</cusip>
        <identifiers>
          <isin value="US203372AX50"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41437.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US TREAS NTS 1.25% 08/15/31</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 1.25000000</title>
        <cusip>91282CCS8</cusip>
        <identifiers>
          <isin value="US91282CCS89"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16649.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOME DEPOT INC 1.375% 03/15/31</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
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        <cusip>437076CF7</cusip>
        <identifiers>
          <isin value="US437076CF79"/>
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        <balance>290000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>238905.01000000</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>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENVUE INC 5.2% 03/22/63</name>
        <lei>5493008HSF8L4M2LIJ82</lei>
        <title>KENVUE INC REGD 5.20000000</title>
        <cusip>49177JAR3</cusip>
        <identifiers>
          <isin value="US49177JAR32"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24566.75000000</valUSD>
        <pctVal>0.001320730253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UMBS P#SD7509 3% 11/01/49</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD7509 3.00000000</title>
        <cusip>3132DVKW4</cusip>
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          <isin value="US3132DVKW45"/>
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        <balance>1744370.71000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1543787.62000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>LOCKHEED MARTIN  3.8% 03/01/45</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LOCKHEED MARTIN CORP REGD 3.80000000</title>
        <cusip>539830BD0</cusip>
        <identifiers>
          <isin value="US539830BD07"/>
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        <balance>126000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104090.37000000</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>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#MA5135 4% 09/01/53</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA5135 4.00000000</title>
        <cusip>31418EV56</cusip>
        <identifiers>
          <isin value="US31418EV567"/>
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        <balance>3023477.49000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2829693.78000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>LOCKHEED MARTIN  5.2% 02/15/64</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LOCKHEED MARTIN CORP REGD 5.20000000</title>
        <cusip>539830CE7</cusip>
        <identifiers>
          <isin value="US539830CE70"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118262.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KRAFT HEINZ FOO 4.25% 03/01/31</name>
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        <title>KRAFT HEINZ FOODS CO REGD SER WI 4.25000000</title>
        <cusip>50077LBF2</cusip>
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          <isin value="US50077LBF22"/>
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        <valUSD>38881.34000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 10/24/31</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GJL4</cusip>
        <identifiers>
          <isin value="US06051GJL41"/>
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        <balance>685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>579777.42000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIR LEASE CORP 2.2% 01/15/27</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>AIR LEASE CORP REGD 2.20000000</title>
        <cusip>00914AAR3</cusip>
        <identifiers>
          <isin value="US00914AAR32"/>
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        <valUSD>47474.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENTERPRISE PRODU 4.2% 01/31/50</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 4.20000000</title>
        <cusip>29379VBW2</cusip>
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          <isin value="US29379VBW28"/>
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        <balance>50000.00000000</balance>
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        <valUSD>42405.93000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CSMC 2018-J1 A2 V/R 02/25/48</name>
        <lei>N/A</lei>
        <title>CSMC 2018-J1 TRUST SER 2018-J1 CL A2 V/R REGD 144A P/P 3.50000000</title>
        <cusip>12653TAB7</cusip>
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          <isin value="US12653TAB70"/>
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        <valUSD>436679.96000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-25</maturityDt>
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      <invstOrSec>
        <name>UNION PACIFIC CO 4.3% 03/01/49</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD 4.30000000</title>
        <cusip>907818FC7</cusip>
        <identifiers>
          <isin value="US907818FC74"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30573.33000000</valUSD>
        <pctVal>0.001643649318</pctVal>
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        <name>STACR 2022-DNA2  V/R 02/25/42</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#MA3685 3% 06/01/49</name>
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        <name>TEXAS INSTRUMEN 4.15% 05/15/48</name>
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        <cusip>882508BD5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMORGAN CHASE &amp;  V/R 04/22/51</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JEFFERIES FIN  5.875% 07/21/28</name>
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      <invstOrSec>
        <name>UMBS P#SD8027 4.5% 11/01/49</name>
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        <name>SIRIUS XM RADIO  5.5% 07/01/29</name>
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        <name>T-MOBILE USA I 2.875% 02/15/31</name>
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        <name>FHMS K104 X1 V/R 01/25/30</name>
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        <name>TARGA RESOURCES PA 4% 01/15/32</name>
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        <name>VENTAS REALTY LP 3% 01/15/30</name>
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        <name>US AIRWAYS 2013 3.95% 11/15/25</name>
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        <name>GNMA II P#MA4126 3% 12/20/46</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD8167 2.5% 09/01/51</name>
        <lei>N/A</lei>
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        <valUSD>532746.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KINDER MORGAN IN 5.2% 03/01/48</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN INC REGD 5.20000000</title>
        <cusip>49456BAQ4</cusip>
        <identifiers>
          <isin value="US49456BAQ41"/>
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        <curCd>USD</curCd>
        <valUSD>23255.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMCAST CORP 3.4% 04/01/30</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 3.40000000</title>
        <cusip>20030NDG3</cusip>
        <identifiers>
          <isin value="US20030NDG34"/>
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        <balance>90000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84637.69000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#ZS8669 3% 09/01/32</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#ZS8669 3.00000000</title>
        <cusip>3132A9T23</cusip>
        <identifiers>
          <isin value="US3132A9T237"/>
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        <balance>30090.84000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28858.69000000</valUSD>
        <pctVal>0.001551468752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#BC9077 3.5% 12/01/46</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BC9077 3.50000000</title>
        <cusip>3140F5CP6</cusip>
        <identifiers>
          <isin value="US3140F5CP66"/>
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        <balance>55896.21000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51543.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T INC 2.3% 06/01/27</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD SER * 2.30000000</title>
        <cusip>00206RJX1</cusip>
        <identifiers>
          <isin value="US00206RJX17"/>
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        <balance>960000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>908259.90000000</valUSD>
        <pctVal>0.048828857219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIGROUP INC V/R 03/31/31</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD V/R 4.41200000</title>
        <cusip>172967MP3</cusip>
        <identifiers>
          <isin value="US172967MP39"/>
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        <balance>550000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>536044.67000000</valUSD>
        <pctVal>0.028818236558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.41200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FHR 5010 IK 2.5% 09/25/50</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 5010 CL IK 2.50000000</title>
        <cusip>3137FVQ54</cusip>
        <identifiers>
          <isin value="US3137FVQ540"/>
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        <balance>61513.30000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9609.62000000</valUSD>
        <pctVal>0.000516621688</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HUMANA INC 1.35% 02/03/27</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUMANA INC REGD 1.35000000</title>
        <cusip>444859BQ4</cusip>
        <identifiers>
          <isin value="US444859BQ43"/>
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        <balance>107000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99517.42000000</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>2027-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AL6672 5% 05/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AL6672 5.00000000</title>
        <cusip>3138EPMW1</cusip>
        <identifiers>
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        <balance>37359.74000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37836.10000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITED MEXICAN  6.35% 02/09/35</name>
        <lei>N/A</lei>
        <title>UNITED MEXICAN STATES REGD 6.35000000</title>
        <cusip>91087BAV2</cusip>
        <identifiers>
          <isin value="US91087BAV27"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1717864.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 07/21/32</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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          <isin value="US38141GYJ74"/>
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        <balance>1950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1664365.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>WALT DISNEY COM 2.65% 01/13/31</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARES CAPITAL C 5.875% 03/01/29</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
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          <isin value="US04010LBF94"/>
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        <valUSD>25391.43000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WALMART INC 5.625% 04/15/41</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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          <isin value="US931142DB66"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TECK RESOURCES LIM 6% 08/15/40</name>
        <lei>T8KI5SQ2JRWHL7XY0E11</lei>
        <title>TECK RESOURCES LIMITED REGD 6.00000000</title>
        <cusip>878742AS4</cusip>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10028.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#BV8477 3% 05/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BV8477 3.00000000</title>
        <cusip>3140MNM37</cusip>
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          <isin value="US3140MNM371"/>
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        <balance>1965998.75000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1728373.67000000</valUSD>
        <pctVal>0.092918900366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>3M COMPANY 3.7% 04/15/50</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M COMPANY REGD 3.70000000</title>
        <cusip>88579YBP5</cusip>
        <identifiers>
          <isin value="US88579YBP51"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19301.67000000</valUSD>
        <pctVal>0.001037674886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VODAFONE GROUP  5.75% 06/28/54</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC REGD 5.75000000</title>
        <cusip>92857WCA6</cusip>
        <identifiers>
          <isin value="US92857WCA62"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50222.03000000</valUSD>
        <pctVal>0.002699980844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#786335 4.5% 09/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#786335 4.50000000</title>
        <cusip>3622AB4U3</cusip>
        <identifiers>
          <isin value="US3622AB4U36"/>
        </identifiers>
        <balance>331182.36000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>321439.98000000</valUSD>
        <pctVal>0.017280898218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>FAIRFAX FINL HL 6.35% 03/22/54</name>
        <lei>GLS7OQD0WOEDI8YAP031</lei>
        <title>FAIRFAX FINL HLDGS LTD REGD 6.35000000</title>
        <cusip>303901BR2</cusip>
        <identifiers>
          <isin value="US303901BR22"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26671.13000000</valUSD>
        <pctVal>0.001433863587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REYNOLDS AMERICA 5.7% 08/15/35</name>
        <lei>N/A</lei>
        <title>REYNOLDS AMERICAN INC REGD 5.70000000</title>
        <cusip>761713BA3</cusip>
        <identifiers>
          <isin value="US761713BA36"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25705.63000000</valUSD>
        <pctVal>0.001381957451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WFCM 2019-C52 XA V/R 08/15/52</name>
        <lei>N/A</lei>
        <title>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C52 SER 2019-C52 CL XA V/R REGD 1.70468300</title>
        <cusip>95002MAY5</cusip>
        <identifiers>
          <isin value="US95002MAY57"/>
        </identifiers>
        <balance>3046929.01000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>171407.43000000</valUSD>
        <pctVal>0.009215015356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.70468300</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CROWN CASTLE INC 3.1% 11/15/29</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INC REGD 3.10000000</title>
        <cusip>22822VAN1</cusip>
        <identifiers>
          <isin value="US22822VAN10"/>
        </identifiers>
        <balance>69000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63558.78000000</valUSD>
        <pctVal>0.003416976345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US TREAS NTS 2.75% 04/30/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 2.75000000</title>
        <cusip>91282CEN7</cusip>
        <identifiers>
          <isin value="US91282CEN74"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2905429.68000000</valUSD>
        <pctVal>0.156198474695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA6287 5% 11/20/49</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA6287 5.00000000</title>
        <cusip>36179U6Y3</cusip>
        <identifiers>
          <isin value="US36179U6Y37"/>
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        <balance>58298.44000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58350.23000000</valUSD>
        <pctVal>0.003136960080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>GNMA II P#CW6992 6% 09/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#CW6992 6.00000000</title>
        <cusip>3618FFXV3</cusip>
        <identifiers>
          <isin value="US3618FFXV34"/>
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        <balance>270181.34000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>275464.21000000</valUSD>
        <pctVal>0.014809200075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>COMCAST CORP 3.969% 11/01/47</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD SER WI 3.96900000</title>
        <cusip>20030NCC3</cusip>
        <identifiers>
          <isin value="US20030NCC39"/>
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        <balance>153000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123316.27000000</valUSD>
        <pctVal>0.006629591971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.96900000</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>BROOKFIELD FINA 4.25% 06/02/26</name>
        <lei>N/A</lei>
        <title>BROOKFIELD FINANCE INC REGD 4.25000000</title>
        <cusip>11271LAA0</cusip>
        <identifiers>
          <isin value="US11271LAA08"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99410.53000000</valUSD>
        <pctVal>0.005344398200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>PPL ELECTRIC UTILI 5% 05/15/33</name>
        <lei>N/A</lei>
        <title>PPL ELECTRIC UTILITIES REGD 5.00000000</title>
        <cusip>69351UBA0</cusip>
        <identifiers>
          <isin value="US69351UBA07"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25357.98000000</valUSD>
        <pctVal>0.001363267479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>US TREAS NTS 4.125% 03/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.12500000</title>
        <cusip>91282CKG5</cusip>
        <identifiers>
          <isin value="US91282CKG59"/>
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        <balance>6010000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6013404.12000000</valUSD>
        <pctVal>0.323285935205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-31</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ONEOK PARTNERS  6.65% 10/01/36</name>
        <lei>N/A</lei>
        <title>ONEOK PARTNERS LP REGD 6.65000000</title>
        <cusip>68268NAC7</cusip>
        <identifiers>
          <isin value="US68268NAC74"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27660.98000000</valUSD>
        <pctVal>0.001487078800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.65000000</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>BERKSHIRE HATHA 4.25% 01/15/49</name>
        <lei>N/A</lei>
        <title>BERKSHIRE HATHAWAY FIN REGD 4.25000000</title>
        <cusip>084664CR0</cusip>
        <identifiers>
          <isin value="US084664CR08"/>
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        <balance>460000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>407308.31000000</valUSD>
        <pctVal>0.021897255745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>ROYAL CARIBBEAN CR 6% 02/01/33</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>ROYAL CARIBBEAN CRUISES REGD 144A P/P 6.00000000</title>
        <cusip>780153BV3</cusip>
        <identifiers>
          <isin value="US780153BV38"/>
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        <balance>330000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>334353.69000000</valUSD>
        <pctVal>0.017975150713</pctVal>
        <payoffProfile>Long</payoffProfile>
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      <invstOrSec>
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      <invstOrSec>
        <name>GNMA II P#MA2754 3.5% 04/20/45</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>TARGA RESOURCES  5.5% 03/01/30</name>
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          <isin value="US87612BBQ41"/>
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      <invstOrSec>
        <name>T/L JAZZ PHARM 0% 05/05/28</name>
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        <assetCat>LON</assetCat>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#785218 2% 12/20/50</name>
        <lei>N/A</lei>
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          <isin value="US3622AAVK74"/>
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      <invstOrSec>
        <name>MARATHON OIL COR 6.6% 10/01/37</name>
        <lei>1FRVQX2CRLGC1XLP5727</lei>
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          <isin value="US565849AE68"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ANHEUSER-BUSCH  5.45% 01/23/39</name>
        <lei>N/A</lei>
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          <isin value="US03523TBU16"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AT9839 4% 06/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AT9839 4.00000000</title>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <valUSD>1372365.73000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AIR LEASE CORP 3.125% 12/01/30</name>
        <lei>5493004NW4M4P8TMMK63</lei>
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        <cusip>00914AAK8</cusip>
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          <isin value="US00914AAK88"/>
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        <valUSD>22579.50000000</valUSD>
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        <name>OVINTIV INC 6.25% 07/15/33</name>
        <lei>2549003MEX7YMKLGI239</lei>
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        <cusip>69047QAC6</cusip>
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          <isin value="US69047QAC69"/>
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        <valUSD>185727.31000000</valUSD>
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        <name>UMBS P#MA4582 2% 04/01/37</name>
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      <invstOrSec>
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        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>MCDONALD'S CORP REGD 5.45000000</title>
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        <name>CAJUN 2021-1  3.931% 11/20/26</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>ENTERGY ARKANSA 3.35% 06/15/52</name>
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        <cusip>29366MAC2</cusip>
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          <isin value="US29366MAC29"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS P#FM4874 2.5% 11/01/50</name>
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        <title>FANNIE MAE POOL UMBS P#FM4874 2.50000000</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <cusip>20030NDW8</cusip>
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        <debtSec>
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        <name>VERIZON COMMUNI 5.05% 05/09/33</name>
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        <identifiers>
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        <title>UNITED STATES TREASURY NOTE 4.12500000</title>
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        <name>GOLDMAN SACHS CAPIT V/R /PERP/</name>
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        <name>UMBS P#BU7089 2% 12/01/51</name>
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        <name>BBCMS 2023-C20 X V/R 07/15/56</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#CB6540 6% 06/01/53</name>
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        <name>CHARTER COMM OP 3.75% 02/15/28</name>
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        <cusip>594918CW2</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREAS NTS 4% 02/15/34</name>
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        <curCd>USD</curCd>
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          <maturityDt>2034-02-15</maturityDt>
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        <name>SOUTHWESTERN PUBLI 6% 06/01/54</name>
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          <isin value="US845743BX00"/>
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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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          <maturityDt>2054-06-01</maturityDt>
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      <invstOrSec>
        <name>MCDONALD'S CORP 3.5% 07/01/27</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
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        <cusip>58013MFP4</cusip>
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        <curCd>USD</curCd>
        <valUSD>58573.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>SNAM SPA 0.625% 06/30/31/EUR/</name>
        <lei>8156002278562044AF79</lei>
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        <cusip>T8578NSS3</cusip>
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          <isin value="XS2358231798"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SOUTHERN CAL EDI 5.3% 03/01/28</name>
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          <isin value="US842400HU08"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>INDONESIA 6.875% 04/15/29/IDR/</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ROCC 2024-CNTR 5.93% 11/13/29</name>
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        <name>GNR 2022-3 IO V/R 02/16/61</name>
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        <name>AMAZON.COM INC 1% 05/12/26</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <balance>250000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOME DEPOT INC 4.2% 04/01/43</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 4.20000000</title>
        <cusip>437076BA9</cusip>
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          <isin value="US437076BA91"/>
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        <balance>25000.00000000</balance>
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        <valUSD>22021.77000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#AP0692 4% 07/01/42</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AP0692 4.00000000</title>
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          <isin value="US3138M3XW98"/>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>SHELL FINANCE US I 4% 05/10/46</name>
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        <title>SHELL FINANCE US IN REGD SER * 4.00000000</title>
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          <isin value="US822905AE56"/>
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        <balance>340000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T-MOBILE USA IN 5.15% 04/15/34</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD 5.15000000</title>
        <cusip>87264ADF9</cusip>
        <identifiers>
          <isin value="US87264ADF93"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110946.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>NEWMONT CORP REGD 2.60000000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA7767 2.5% 12/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7767 2.50000000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNIV OF CALIFO 4.858% 05/15/12</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FGLMC P#U90903 3.5% 02/01/43</name>
        <lei>N/A</lei>
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        <cusip>3132H4AC5</cusip>
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        <curCd>USD</curCd>
        <valUSD>18408.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOWE'S COS INC 4.25% 04/01/52</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <cusip>548661EJ2</cusip>
        <identifiers>
          <isin value="US548661EJ29"/>
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        <curCd>USD</curCd>
        <valUSD>20536.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-01</maturityDt>
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      <invstOrSec>
        <name>CORNING INC 4.375% 11/15/57</name>
        <lei>549300X2937PB0CJ7I56</lei>
        <title>CORNING INC REGD 4.37500000</title>
        <cusip>219350BF1</cusip>
        <identifiers>
          <isin value="US219350BF12"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20580.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTEL CORP 5.6% 02/21/54</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTEL CORP REGD 5.60000000</title>
        <cusip>458140CM0</cusip>
        <identifiers>
          <isin value="US458140CM03"/>
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        <balance>810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>768512.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA II P#4855 5% 11/20/40</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#4855 5.00000000</title>
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        <identifiers>
          <isin value="US36202FMC76"/>
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        <balance>8854.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8961.52000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA P#729038 5% 02/15/40</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#729038 5.00000000</title>
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          <isin value="US3620AF4X20"/>
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        <balance>23042.27000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23182.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APPLE INC 4.5% 02/23/36</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 4.50000000</title>
        <cusip>037833BW9</cusip>
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          <isin value="US037833BW97"/>
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        <valUSD>25034.11000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APACHE CORP 5.1% 09/01/40</name>
        <lei>72ZZ1XRHOOU9P9X16K08</lei>
        <title>APACHE CORP REGD 5.10000000</title>
        <cusip>037411AW5</cusip>
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          <isin value="US037411AW56"/>
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        <balance>644000.00000000</balance>
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        <valUSD>566770.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#CB4418 5.5% 08/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CB4418 5.50000000</title>
        <cusip>3140QP4C8</cusip>
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        <valUSD>76016.92000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>UNITED MEXICAN S 5.4% 02/09/28</name>
        <lei>N/A</lei>
        <title>UNITED MEXICAN STATES REGD 5.40000000</title>
        <cusip>91087BAU4</cusip>
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          <isin value="US91087BAU44"/>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>T/L LIGHT AND WOND 0% 04/16/29</name>
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        <name>VERUS 2023-3 A3 V/R 03/25/68</name>
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        <name>ABBVIE INC 4.95% 03/15/31</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD 4.95000000</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD3016 3% 06/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD3016 3.00000000</title>
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        <valUSD>2538051.67000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA2707 3% 08/01/36</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA2707 3.00000000</title>
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        <curCd>USD</curCd>
        <valUSD>47774.98000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KIMCO REALTY OP  4.6% 02/01/33</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>KIMCO REALTY OP LLC REGD 4.60000000</title>
        <cusip>49446RBA6</cusip>
        <identifiers>
          <isin value="US49446RBA68"/>
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        <curCd>USD</curCd>
        <valUSD>24348.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>F/C JPN 10Y BOND(OSE) DEC24</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="JBZ4 XOSE"/>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS AND CO.</counterpartyName>
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                <issuerName>F/C JPN 10Y BOND(OSE) DEC24</issuerName>
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      <invstOrSec>
        <name>HOME DEPOT INC 5.875% 12/16/36</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 5.87500000</title>
        <cusip>437076AS1</cusip>
        <identifiers>
          <isin value="US437076AS19"/>
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        <curCd>USD</curCd>
        <valUSD>54215.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHARLES SCHWAB CO V/R 05/19/29</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>CHARLES SCHWAB CORP REGD V/R 5.64300000</title>
        <cusip>808513CD5</cusip>
        <identifiers>
          <isin value="US808513CD58"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51421.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UMBS P#AT2720 3% 05/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AT2720 3.00000000</title>
        <cusip>3138WQAW2</cusip>
        <identifiers>
          <isin value="US3138WQAW29"/>
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        <balance>451510.92000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>408558.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENERAL MILLS IN 3.2% 02/10/27</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>GENERAL MILLS INC REGD 3.20000000</title>
        <cusip>370334BZ6</cusip>
        <identifiers>
          <isin value="US370334BZ69"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48574.41000000</valUSD>
        <pctVal>0.002611403333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS AG STAMFORD 7.95% 01/09/25</name>
        <lei>N/A</lei>
        <title>UBS AG STAMFORD CT REGD 7.95000000</title>
        <cusip>22550L2L4</cusip>
        <identifiers>
          <isin value="US22550L2L41"/>
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        <balance>1450000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1453977.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS INSTRUMEN 1.75% 05/04/30</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>TEXAS INSTRUMENTS INC REGD 1.75000000</title>
        <cusip>882508BJ2</cusip>
        <identifiers>
          <isin value="US882508BJ22"/>
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        <balance>90000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78024.07000000</valUSD>
        <pctVal>0.004194643156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BHP BILLITON FI 5.25% 09/08/30</name>
        <lei>N/A</lei>
        <title>BHP BILLITON FIN USA LTD REGD 5.25000000</title>
        <cusip>055451BD9</cusip>
        <identifiers>
          <isin value="US055451BD93"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25722.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA II P#MA7937 3% 03/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7937 3.00000000</title>
        <cusip>36179WZA9</cusip>
        <identifiers>
          <isin value="US36179WZA97"/>
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        <balance>537871.02000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>477205.23000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOCKHEED MARTIN  4.7% 05/15/46</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LOCKHEED MARTIN CORP REGD 4.70000000</title>
        <cusip>539830BL2</cusip>
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          <isin value="US539830BL23"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46722.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ORBIA ADVANCE  2.875% 05/11/31</name>
        <lei>549300MVHZ20SBIOEQ79</lei>
        <title>ORBIA ADVANCE CORP SAB REGD 144A P/P 2.87500000</title>
        <cusip>68560EAB4</cusip>
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          <isin value="US68560EAB48"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216502.81000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>UNITEDHEALTH GR 2.75% 05/15/40</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 2.75000000</title>
        <cusip>91324PDY5</cusip>
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          <isin value="US91324PDY51"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18530.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPRO 2024-1A  6.174% 01/25/31</name>
        <lei>N/A</lei>
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        <balance>1315062.50000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TRANSCONT GAS P 7.85% 02/01/26</name>
        <lei>N/A</lei>
        <title>TRANSCONT GAS PIPE LINE REGD SER WI 7.85000000</title>
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          <isin value="US893574AH62"/>
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        <balance>785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>806307.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.85000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITEDHEALTH GRO 3.5% 08/15/39</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 3.50000000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALABAMA POWER C 3.45% 10/01/49</name>
        <lei>N/A</lei>
        <title>ALABAMA POWER CO REGD 3.45000000</title>
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          <isin value="US010392FT07"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#786973 6% 09/20/53</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMCAST CORP 4% 08/15/47</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 4.00000000</title>
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          <isin value="US20030NBZ33"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KINDER MORGAN E 6.95% 01/15/38</name>
        <lei>N/A</lei>
        <title>KINDER MORGAN ENER PART REGD MTN 6.95000000</title>
        <cusip>494550AW6</cusip>
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          <isin value="US494550AW68"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ABBOTT LABORATO 4.75% 11/30/36</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>ABBOTT LABORATORIES REGD 4.75000000</title>
        <cusip>002824BG4</cusip>
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          <isin value="US002824BG43"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITEDHEALTH GR 4.45% 12/15/48</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 4.45000000</title>
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          <isin value="US91324PDQ28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-15</maturityDt>
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      <invstOrSec>
        <name>DUKE ENERGY FLOR 4.2% 07/15/48</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY FLORIDA LLC REGD 4.20000000</title>
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          <isin value="US26444HAF82"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TENNESSEE GAS PI 2.9% 03/01/30</name>
        <lei>N/A</lei>
        <title>TENNESSEE GAS PIPELINE REGD 144A P/P 2.90000000</title>
        <cusip>880451AZ2</cusip>
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          <isin value="US880451AZ24"/>
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        <valUSD>625209.17000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 4.375% 07/15/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.37500000</title>
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          <isin value="US91282CKZ31"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOWE'S COS INC 5.625% 04/15/53</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE'S COS INC REGD 5.62500000</title>
        <cusip>548661EM5</cusip>
        <identifiers>
          <isin value="US548661EM57"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD2723 5.5% 03/01/53</name>
        <lei>N/A</lei>
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          <isin value="US3132DQAY26"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MCDONALD'S COR 6.3% 03/01/38</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
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        <name>OCTL 2024-1A B 5.66% 06/20/27</name>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMP 3% 04/22/26</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <name>UMBS P#QD5748 2% 02/01/52</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SOLVENTUM CORP 5.9% 04/30/54</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>SOLVENTUM CORP REGD 144A P/P 5.90000000</title>
        <cusip>83444MAJ0</cusip>
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          <isin value="US83444MAJ09"/>
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        <balance>465000.00000000</balance>
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        <valUSD>476237.51000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATL LIFE INSURAN V/R 07/19/68</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DUPONT DE NEMO 5.319% 11/15/38</name>
        <lei>5493004JF0SDFLM8GD76</lei>
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        <cusip>26078JAE0</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DCP MIDSTREAM O 6.45% 11/03/36</name>
        <lei>N/A</lei>
        <title>DCP MIDSTREAM OPERATING REGD P/P 6.45000000</title>
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        <identifiers>
          <isin value="US26439XAH61"/>
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        <curCd>USD</curCd>
        <valUSD>10529.64000000</valUSD>
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      <invstOrSec>
        <name>MANULIFE FINAN 5.375% 03/04/46</name>
        <lei>5493007GBX87QOZACS27</lei>
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        <cusip>56501RAD8</cusip>
        <identifiers>
          <isin value="US56501RAD89"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25357.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA5711 4.5% 01/20/49</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5711 4.50000000</title>
        <cusip>36179UKY7</cusip>
        <identifiers>
          <isin value="US36179UKY72"/>
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        <balance>883847.33000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>864407.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AON CORP 4.5% 12/15/28</name>
        <lei>N/A</lei>
        <title>AON CORP REGD 4.50000000</title>
        <cusip>037389BB8</cusip>
        <identifiers>
          <isin value="US037389BB82"/>
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        <balance>22000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21871.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GNR 2020-127 IN 2.5% 08/20/50</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-127 CL IN 2.50000000</title>
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          <isin value="US38382HY870"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9379.00000000</valUSD>
        <pctVal>0.000504223352</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FNMA PRIN STP ZCP 01/15/30</name>
        <lei>N/A</lei>
        <title>FANNIE MAE PRINCIPAL STRIP ZCP 0.00000000</title>
        <cusip>31358DDG6</cusip>
        <identifiers>
          <isin value="US31358DDG60"/>
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        <balance>575000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>461962.75000000</valUSD>
        <pctVal>0.024835526880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>ORACLE CORP 1.65% 03/25/26</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 1.65000000</title>
        <cusip>68389XCC7</cusip>
        <identifiers>
          <isin value="US68389XCC74"/>
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        <balance>1070000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1028971.89000000</valUSD>
        <pctVal>0.055318440789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</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>DOW CHEMICAL CO/ 5.6% 02/15/54</name>
        <lei>N/A</lei>
        <title>DOW CHEMICAL CO/THE REGD 5.60000000</title>
        <cusip>260543DK6</cusip>
        <identifiers>
          <isin value="US260543DK64"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25070.73000000</valUSD>
        <pctVal>0.001347824665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARIZONA PUBLIC  5.55% 08/01/33</name>
        <lei>N/A</lei>
        <title>ARIZONA PUBLIC SERVICE REGD 5.55000000</title>
        <cusip>040555DG6</cusip>
        <identifiers>
          <isin value="US040555DG61"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25607.14000000</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>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#783050 5% 07/20/40</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#783050 5.00000000</title>
        <cusip>36241LL79</cusip>
        <identifiers>
          <isin value="US36241LL796"/>
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        <balance>10857.91000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10869.21000000</valUSD>
        <pctVal>0.000584338363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRESBYTERIAN H 4.875% 08/01/52</name>
        <lei>549300PILQ3W3CCH7D05</lei>
        <title>PRESBYTERIAN HEALTHC SER REGD 4.87500000</title>
        <cusip>74071PAB9</cusip>
        <identifiers>
          <isin value="US74071PAB94"/>
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        <balance>90000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87002.31000000</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>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#SC0206 2% 11/01/41</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SC0206 2.00000000</title>
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          <isin value="US3132D9GP37"/>
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        <curCd>USD</curCd>
        <valUSD>445907.60000000</valUSD>
        <pctVal>0.023972387786</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>US TREAS BDS 2.5% 02/15/46</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.50000000</title>
        <cusip>912810RQ3</cusip>
        <identifiers>
          <isin value="US912810RQ31"/>
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        <balance>3490000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2525751.18000000</valUSD>
        <pctVal>0.135786622024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AT&amp;T INC 2.55% 12/01/33</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 2.55000000</title>
        <cusip>00206RMM1</cusip>
        <identifiers>
          <isin value="US00206RMM15"/>
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        <balance>180000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148394.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LAS VEGAS SANDS  3.9% 08/08/29</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>LAS VEGAS SANDS CORP REGD 3.90000000</title>
        <cusip>517834AF4</cusip>
        <identifiers>
          <isin value="US517834AF40"/>
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        <balance>110000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>103017.11000000</valUSD>
        <pctVal>0.005538291138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</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>F/C EURO-BOBL FUTURE  DEC24</name>
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        <name>SANDS CHINA LT 5.125% 08/08/25</name>
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        <name>UMBS P#CB3234 3% 04/01/52</name>
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        <name>HERTZ 2023-4A  6.15% 03/25/29</name>
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      <invstOrSec>
        <name>GNMA 30 YR TBA 6.5% DEC 24</name>
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      <invstOrSec>
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        <debtSec>
          <maturityDt>2063-01-19</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WFCM 2018-C44 3.948% 05/15/51</name>
        <lei>N/A</lei>
        <title>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2018-C44 SER 2018-C44 CL A4 REGD 3.94800000</title>
        <cusip>95001JAW7</cusip>
        <identifiers>
          <isin value="US95001JAW71"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243695.48000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.94800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMGEN INC 6.375% 06/01/37</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC REGD 6.37500000</title>
        <cusip>031162AW0</cusip>
        <identifiers>
          <isin value="US031162AW01"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27612.09000000</valUSD>
        <pctVal>0.001484450431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#AL4741 4.5% 01/01/44</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AL4741 4.50000000</title>
        <cusip>3138EMHT1</cusip>
        <identifiers>
          <isin value="US3138EMHT15"/>
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        <balance>13999.20000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13750.06000000</valUSD>
        <pctVal>0.000739215412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#FS5450 3% 11/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS5450 3.00000000</title>
        <cusip>3140XMBU9</cusip>
        <identifiers>
          <isin value="US3140XMBU94"/>
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        <balance>438569.26000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>387615.48000000</valUSD>
        <pctVal>0.020838551750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CUMMINS INC 2.6% 09/01/50</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
        <title>CUMMINS INC REGD 2.60000000</title>
        <cusip>231021AS5</cusip>
        <identifiers>
          <isin value="US231021AS53"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15898.07000000</valUSD>
        <pctVal>0.000854694333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</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>MCDONALD'S COR 3.625% 09/01/49</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>MCDONALD'S CORP REGD MTN 3.62500000</title>
        <cusip>58013MFK5</cusip>
        <identifiers>
          <isin value="US58013MFK53"/>
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        <balance>70000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53212.22000000</valUSD>
        <pctVal>0.002860736109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEDTRONIC INC 4.375% 03/15/35</name>
        <lei>N/A</lei>
        <title>MEDTRONIC INC REGD SER WI 4.37500000</title>
        <cusip>585055BT2</cusip>
        <identifiers>
          <isin value="US585055BT26"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48212.93000000</valUSD>
        <pctVal>0.002591969848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA4399 2.5% 08/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4399 2.50000000</title>
        <cusip>31418D3H3</cusip>
        <identifiers>
          <isin value="US31418D3H34"/>
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        <balance>1874433.27000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1577859.59000000</valUSD>
        <pctVal>0.084827130024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANHEUSER-BUSCH  4.35% 06/01/40</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH INBEV WOR REGD 4.35000000</title>
        <cusip>035240AS9</cusip>
        <identifiers>
          <isin value="US035240AS95"/>
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        <balance>210000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>194931.77000000</valUSD>
        <pctVal>0.010479704724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</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>UMBS P#QE3580 3.5% 06/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QE3580 3.50000000</title>
        <cusip>3133BC6R3</cusip>
        <identifiers>
          <isin value="US3133BC6R33"/>
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        <balance>808598.43000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>734464.30000000</valUSD>
        <pctVal>0.039485451727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#SD2443 4.5% 10/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD2443 4.50000000</title>
        <cusip>3132DPWC8</cusip>
        <identifiers>
          <isin value="US3132DPWC84"/>
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        <balance>175096.57000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>168537.02000000</valUSD>
        <pctVal>0.009060699570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>T-MOBILE USA I 4.375% 04/15/40</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD SER WI 4.37500000</title>
        <cusip>87264AAX3</cusip>
        <identifiers>
          <isin value="US87264AAX37"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180190.60000000</valUSD>
        <pctVal>0.009687206359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARCH CAPITAL G 3.635% 06/30/50</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>ARCH CAPITAL GROUP LTD REGD 3.63500000</title>
        <cusip>03939AAA5</cusip>
        <identifiers>
          <isin value="US03939AAA51"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18868.09000000</valUSD>
        <pctVal>0.001014365241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.63500000</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>EOG RESOURCES I 4.95% 04/15/50</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG RESOURCES INC REGD 4.95000000</title>
        <cusip>26875PAT8</cusip>
        <identifiers>
          <isin value="US26875PAT84"/>
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        <balance>210000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197022.29000000</valUSD>
        <pctVal>0.010592092932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SABINE PASS LIQU 5.9% 09/15/37</name>
        <lei>N/A</lei>
        <title>SABINE PASS LIQUEFACTION REGD SER WI 5.90000000</title>
        <cusip>785592AZ9</cusip>
        <identifiers>
          <isin value="US785592AZ90"/>
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        <balance>284000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>295238.04000000</valUSD>
        <pctVal>0.015872258701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</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>FOX CORP 5.476% 01/25/39</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>FOX CORP REGD SER WI 5.47600000</title>
        <cusip>35137LAJ4</cusip>
        <identifiers>
          <isin value="US35137LAJ44"/>
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        <balance>290000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>285216.83000000</valUSD>
        <pctVal>0.015333509570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.47600000</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>CONOCOPHILLIPS C 5.5% 01/15/55</name>
        <lei>N/A</lei>
        <title>CONOCOPHILLIPS COMPANY REGD 5.50000000</title>
        <cusip>20826FBM7</cusip>
        <identifiers>
          <isin value="US20826FBM77"/>
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        <balance>745000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>750867.12000000</valUSD>
        <pctVal>0.040367281868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH DBS CORP 5.125% 06/01/29</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARRICK NA FINA 5.75% 05/01/43</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TARGET CORP 3.625% 04/15/46</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>TARGET CORP REGD 3.62500000</title>
        <cusip>87612EBF2</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#RB5166 3% 07/01/42</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIMON PROPERTY  1.75% 02/01/28</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED AIR 2019 4.15% 08/25/31</name>
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        <name>UMBS P#FM5183 2.5% 12/01/50</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>IBM CORP 1.7% 05/15/27</name>
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          <couponKind>Fixed</couponKind>
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        <name>RPM INTERNATION 3.75% 03/15/27</name>
        <lei>549300TJCKW4BRXPJ474</lei>
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        <cusip>749685AV5</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BAT CAPITAL CO 2.259% 03/25/28</name>
        <lei>N/A</lei>
        <title>BAT CAPITAL CORP REGD 2.25900000</title>
        <cusip>05526DBR5</cusip>
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          <isin value="US05526DBR52"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>NVIDIA CORP 3.5% 04/01/50</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>UMBS P#SD0728 2.5% 10/01/51</name>
        <lei>N/A</lei>
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        <cusip>3132DMYZ2</cusip>
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        <name>GNMA II P#MA4963 4% 01/20/48</name>
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        <name>PINE STREET TR 6.223% 05/15/54</name>
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        <name>OCCIDENTAL PETRO 7.5% 05/01/31</name>
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        <name>BERKLEY (WR) CO 3.55% 03/30/52</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
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        <name>REPUBLIC OF NI 7.143% 02/23/30</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.14300000</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>PACIFIC GAS &amp; E 4.95% 06/08/25</name>
        <lei>N/A</lei>
        <title>PACIFIC GAS &amp; ELECTRIC REGD 4.95000000</title>
        <cusip>694308KE6</cusip>
        <identifiers>
          <isin value="US694308KE68"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199903.24000000</valUSD>
        <pctVal>0.010746975357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHMS K130 X1 V/R 06/25/31</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K130 CL X1 V/R 1.03613000</title>
        <cusip>3137H1YX8</cusip>
        <identifiers>
          <isin value="US3137H1YX82"/>
        </identifiers>
        <balance>10462244.41000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>571264.70000000</valUSD>
        <pctVal>0.030711696587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.03613000</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>SOUTHERN COPPE 5.875% 04/23/45</name>
        <lei>N/A</lei>
        <title>SOUTHERN COPPER CORP REGD 5.87500000</title>
        <cusip>84265VAJ4</cusip>
        <identifiers>
          <isin value="US84265VAJ44"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50108.70000000</valUSD>
        <pctVal>0.002693888123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA9171 5.5% 09/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA9171 5.50000000</title>
        <cusip>36179YFL3</cusip>
        <identifiers>
          <isin value="US36179YFL39"/>
        </identifiers>
        <balance>775914.37000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>777955.44000000</valUSD>
        <pctVal>0.041823573960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>UBS GROUP AG V/R 11/15/33</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG REGD V/R P/P 9.01600000</title>
        <cusip>225401BB3</cusip>
        <identifiers>
          <isin value="US225401BB38"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>308430.96000000</valUSD>
        <pctVal>0.016581521773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.01600000</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>REPUBLIC OF S 8% 01/31/30/ZAR/</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF SOUTH AFRICA /ZAR/ REGD SER 2030 8.00000000</title>
        <cusip>S69124VP7</cusip>
        <identifiers>
          <isin value="ZAG000106998"/>
        </identifiers>
        <balance>105000000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.01620000"/>
        <valUSD>5611924.27000000</valUSD>
        <pctVal>0.301702022635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
      <explntrNote note="Currency code CNY is reflective of both onshore and offshore Yuan" noteItem="C.11.e.i"/>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Morgan Stanley Pathway Funds</ncom:nameOfApplicant>
      <ncom:signature>Francis Smith</ncom:signature>
      <ncom:signerName>Francis Smith</ncom:signerName>
      <ncom:title>Chief Financial Officer </ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
