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      <mon2Flow redemption="252470340.55000000" reinvestment="6910599.98000000" sales="23778607.15000000"/>
      <mon3Flow redemption="26440999.41000000" reinvestment="6031193.91000000" sales="23329605.20000000"/>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 4% 01/31/31</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.00000000</title>
        <cusip>91282CJX0</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>HSBC HOLDINGS PLC V/R 06/19/29</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198559.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-19</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>SONOCO PRODUCT 3.125% 05/01/30</name>
        <lei>GKOMIK4RDJGHEF0VNP11</lei>
        <title>SONOCO PRODUCTS CO REGD 3.12500000</title>
        <cusip>835495AL6</cusip>
        <identifiers>
          <isin value="US835495AL63"/>
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        <balance>239000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219440.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <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>DUKE ENERGY CAR 4.95% 01/15/33</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY CAROLINAS REGD 4.95000000</title>
        <cusip>26442CBJ2</cusip>
        <identifiers>
          <isin value="US26442CBJ27"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139897.41000000</valUSD>
        <pctVal>0.008601323345</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</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>ORACLE CORP 3.85% 04/01/60</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 3.85000000</title>
        <cusip>68389XBY0</cusip>
        <identifiers>
          <isin value="US68389XBY04"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66431.23000000</valUSD>
        <pctVal>0.004084396483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUMANA INC 5.5% 03/15/53</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUMANA INC REGD 5.50000000</title>
        <cusip>444859BX9</cusip>
        <identifiers>
          <isin value="US444859BX93"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21686.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>UMBS P#MA4465 2% 11/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4465 2.00000000</title>
        <cusip>31418D6B3</cusip>
        <identifiers>
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        <balance>230950.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180007.55000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
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        <name>FHLB 0.92% 02/26/27</name>
        <lei>N/A</lei>
        <title>FEDERAL HOME LOAN BANKS 0.92000000</title>
        <cusip>3130ALCE2</cusip>
        <identifiers>
          <isin value="US3130ALCE28"/>
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        <balance>635000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>601661.93000000</valUSD>
        <pctVal>0.036992027261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BAT CAPITAL CO 5.625% 08/15/35</name>
        <lei>N/A</lei>
        <title>BAT CAPITAL CORP REGD 5.62500000</title>
        <cusip>05526DCC7</cusip>
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          <isin value="US05526DCC74"/>
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        <balance>725000.00000000</balance>
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        <valUSD>725473.77000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MOODY'S CORPORA 4.25% 02/01/29</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>MOODY'S CORPORATION REGD 4.25000000</title>
        <cusip>615369AP0</cusip>
        <identifiers>
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        <balance>245000.00000000</balance>
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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; E 6.15% 01/15/33</name>
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        <cusip>694308KJ5</cusip>
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          <isin value="US694308KJ55"/>
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        <curCd>USD</curCd>
        <valUSD>138239.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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        <name>DUKE ENERGY PRO 4.15% 12/01/44</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY PROGRESS LLC REGD 4.15000000</title>
        <cusip>26442RAD3</cusip>
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          <isin value="US26442RAD35"/>
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        <balance>81000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64471.91000000</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>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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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>MARSH &amp; MCLENNA 2.25% 11/15/30</name>
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      <invstOrSec>
        <name>REALTY INCOME  5.125% 02/15/34</name>
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          <isin value="US756109CG72"/>
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        <fairValLevel>2</fairValLevel>
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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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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STATE OF ISRAEL 2.75% 07/03/30</name>
        <lei>N/A</lei>
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          <isin value="US46513JB346"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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      <invstOrSec>
        <name>CONTINENTAL RE 2.268% 11/15/26</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
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      <invstOrSec>
        <name>CONOCOPHILLIPS  5.65% 01/15/65</name>
        <lei>N/A</lei>
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          <isin value="US20826FBN50"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREAS NTS 4.125% 03/31/31</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.12500000</title>
        <cusip>91282CKF7</cusip>
        <identifiers>
          <isin value="US91282CKF76"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>641262.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SUNOCO LP 7.25% 05/01/32</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUNOCO LP REGD 144A P/P 7.25000000</title>
        <cusip>86765KAC3</cusip>
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          <isin value="US86765KAC36"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114444.22000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 01/20/28</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <curCd>USD</curCd>
        <valUSD>98671.24000000</valUSD>
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      <invstOrSec>
        <name>UMBS P#AB7795 2.5% 02/01/28</name>
        <lei>N/A</lei>
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        <cusip>31417EUV1</cusip>
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        <curCd>USD</curCd>
        <valUSD>14139.15000000</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>CROWN CASTLE INC 2.1% 04/01/31</name>
        <lei>54930012H97VSM0I2R19</lei>
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          <isin value="US22822VAW19"/>
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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>F/C US ULTRA BOND CBT SEP25</name>
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          <ticker value="WNU5 XCBT"/>
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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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        <name>HOLOGIC INC 3.25% 02/15/29</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
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          <isin value="US436440AP62"/>
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        <name>GOLDMAN SACHS G 5.15% 05/22/45</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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          <isin value="US38148LAF31"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>ORACLE CORP 3.8% 11/15/37</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 3.80000000</title>
        <cusip>68389XBP9</cusip>
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          <isin value="US68389XBP96"/>
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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>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FNMA 30YR TBA 4% JUN 25</name>
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      <invstOrSec>
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          <isin value="US02005NBV10"/>
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        <curCd>USD</curCd>
        <valUSD>24830.94000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VISA INC 2% 08/15/50</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC REGD 2.00000000</title>
        <cusip>92826CAQ5</cusip>
        <identifiers>
          <isin value="US92826CAQ50"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26630.02000000</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>2050-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED RENTALS 3.875% 02/15/31</name>
        <lei>N/A</lei>
        <title>UNITED RENTALS NORTH AM REGD 3.87500000</title>
        <cusip>911363AM1</cusip>
        <identifiers>
          <isin value="US911363AM11"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96950.39000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US TREAS BDS 3.125% 08/15/44</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.12500000</title>
        <cusip>912810RH3</cusip>
        <identifiers>
          <isin value="US912810RH32"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319501.37000000</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>2044-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#AS9830 4% 06/01/47</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AS9830 4.00000000</title>
        <cusip>3138WK4Q5</cusip>
        <identifiers>
          <isin value="US3138WK4Q59"/>
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        <balance>56277.39000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52553.19000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>GENERAL MOTORS  5.85% 04/06/30</name>
        <lei>N/A</lei>
        <title>GENERAL MOTORS FINL CO REGD 5.85000000</title>
        <cusip>37045XEG7</cusip>
        <identifiers>
          <isin value="US37045XEG79"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>781446.73000000</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>2030-04-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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      <invstOrSec>
        <name>ENTERGY ARKANSA 5.75% 06/01/54</name>
        <lei>N/A</lei>
        <title>ENTERGY ARKANSAS LLC REGD 5.75000000</title>
        <cusip>29366MAG3</cusip>
        <identifiers>
          <isin value="US29366MAG33"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>337290.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>MIDAS OPCO HOL 5.625% 08/15/29</name>
        <lei>N/A</lei>
        <title>MIDAS OPCO HOLDINGS LLC REGD 144A P/P 5.62500000</title>
        <cusip>59565JAA9</cusip>
        <identifiers>
          <isin value="US59565JAA97"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117626.26000000</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>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>METLIFE INC 5.25% 01/15/54</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC REGD 5.25000000</title>
        <cusip>59156RCD8</cusip>
        <identifiers>
          <isin value="US59156RCD89"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23011.13000000</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>2054-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>FORD MOTOR COM 5.291% 12/08/46</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR COMPANY REGD 5.29100000</title>
        <cusip>345370CS7</cusip>
        <identifiers>
          <isin value="US345370CS72"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39352.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.29100000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IVORY COAST 8.25% 01/30/37</name>
        <lei>N/A</lei>
        <title>IVORY COAST REGD 144A P/P 8.25000000</title>
        <cusip>221625AU0</cusip>
        <identifiers>
          <isin value="US221625AU01"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>473984.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>CI</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>UNITED PARCEL SE 6.2% 01/15/38</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UNITED PARCEL SERVICE REGD 6.20000000</title>
        <cusip>911312AJ5</cusip>
        <identifiers>
          <isin value="US911312AJ59"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26607.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALEXANDRIA REAL  4.5% 07/30/29</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ALEXANDRIA REAL ESTATE E REGD SER 15YR 4.50000000</title>
        <cusip>015271AG4</cusip>
        <identifiers>
          <isin value="US015271AG44"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24612.43000000</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>2029-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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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>
        <cusip>36179XDD5</cusip>
        <identifiers>
          <isin value="US36179XDD57"/>
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        <balance>980105.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>901752.50000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>EUROPEAN INVES 4.375% 03/19/27</name>
        <lei>5493006YXS1U5GIHE750</lei>
        <title>EUROPEAN INVESTMENT BANK REGD 4.37500000</title>
        <cusip>298785KB1</cusip>
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          <isin value="US298785KB14"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201390.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101304.98000000</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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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 10/25/35</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP REGD V/R 5.51800000</title>
        <cusip>06051GMD8</cusip>
        <identifiers>
          <isin value="US06051GMD87"/>
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        <balance>1130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1108173.51000000</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>2035-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.51800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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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>
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          <isin value="US06051GJM24"/>
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        <curCd>USD</curCd>
        <valUSD>30185.93000000</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>Variable</couponKind>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>16751.37000000</valUSD>
        <pctVal>0.001029925785</pctVal>
        <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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      </invstOrSec>
      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>56225.41000000</valUSD>
        <pctVal>0.003456911258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <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>PAYPAL HOLDINGS 3.25% 06/01/50</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC REGD 3.25000000</title>
        <cusip>70450YAJ2</cusip>
        <identifiers>
          <isin value="US70450YAJ29"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16319.12000000</valUSD>
        <pctVal>0.001003349724</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>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOST HOTELS &amp; RE 2.9% 12/15/31</name>
        <lei>N/A</lei>
        <title>HOST HOTELS &amp; RESORTS LP REGD SER J 2.90000000</title>
        <cusip>44107TBA3</cusip>
        <identifiers>
          <isin value="US44107TBA34"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21410.96000000</valUSD>
        <pctVal>0.001316411719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</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>
        <name>CITIZENS FINANC 2.85% 07/27/26</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>CITIZENS FINANCIAL GROUP REGD 2.85000000</title>
        <cusip>174610AR6</cusip>
        <identifiers>
          <isin value="US174610AR61"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49004.56000000</valUSD>
        <pctVal>0.003012951175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-27</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>
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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>
        <cusip>31620MBU9</cusip>
        <identifiers>
          <isin value="US31620MBU99"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17855.73000000</valUSD>
        <pctVal>0.001097825237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>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>
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      <invstOrSec>
        <name>GNMA II P#4853 4% 11/20/40</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#4853 4.00000000</title>
        <cusip>36202FMA1</cusip>
        <identifiers>
          <isin value="US36202FMA11"/>
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        <balance>9508.62000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8961.13000000</valUSD>
        <pctVal>0.000550957853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-20</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>REPUBLIC OF PHI 1.95% 01/06/32</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PHILIPPINES REGD 1.95000000</title>
        <cusip>718286CN5</cusip>
        <identifiers>
          <isin value="US718286CN52"/>
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        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>463071.55000000</valUSD>
        <pctVal>0.028471064143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMM 2018-COR 4.228% 04/10/28</name>
        <lei>N/A</lei>
        <title>COMM 2018-COR3 MORTGAGE TRUST SER 2018-COR3 CL A3 REGD 4.22800000</title>
        <cusip>12595VAD9</cusip>
        <identifiers>
          <isin value="US12595VAD91"/>
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        <balance>165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160457.42000000</valUSD>
        <pctVal>0.009865416040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.22800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ASHTEAD CAPITAL 5.55% 05/30/33</name>
        <lei>N/A</lei>
        <title>ASHTEAD CAPITAL INC REGD 144A P/P 5.55000000</title>
        <cusip>045054AQ6</cusip>
        <identifiers>
          <isin value="US045054AQ67"/>
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        <balance>645000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>638552.99000000</valUSD>
        <pctVal>0.039260203174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>30470.27000000</valUSD>
        <pctVal>0.001873405981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</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>SS&amp;C TECHNOLOGIE 5.5% 09/30/27</name>
        <lei>N/A</lei>
        <title>SS&amp;C TECHNOLOGIES INC REGD 144A P/P 5.50000000</title>
        <cusip>78466CAC0</cusip>
        <identifiers>
          <isin value="US78466CAC01"/>
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        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204877.39000000</valUSD>
        <pctVal>0.012596492512</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CUBESMART LP 3.125% 09/01/26</name>
        <lei>N/A</lei>
        <title>CUBESMART LP REGD 3.12500000</title>
        <cusip>22966RAD8</cusip>
        <identifiers>
          <isin value="US22966RAD89"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24482.16000000</valUSD>
        <pctVal>0.001505238548</pctVal>
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        <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>3.12500000</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>
        <name>CGCMT 2016-C2 3.176% 08/10/26</name>
        <lei>N/A</lei>
        <title>CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-C2 SER 2016-C2 CL B REGD 3.17600000</title>
        <cusip>17291CBU8</cusip>
        <identifiers>
          <isin value="US17291CBU80"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276497.45000000</valUSD>
        <pctVal>0.016999914234</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.17600000</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>PIEDMONT NATURA 3.35% 06/01/50</name>
        <lei>N/A</lei>
        <title>PIEDMONT NATURAL GAS CO REGD 3.35000000</title>
        <cusip>720186AM7</cusip>
        <identifiers>
          <isin value="US720186AM78"/>
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        <balance>109000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70201.62000000</valUSD>
        <pctVal>0.004316211665</pctVal>
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        <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>3.35000000</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>FGLMC P#G08716 3.5% 08/01/46</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G08716 3.50000000</title>
        <cusip>3128MJYN4</cusip>
        <identifiers>
          <isin value="US3128MJYN41"/>
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        <balance>146397.18000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134249.96000000</valUSD>
        <pctVal>0.008254100737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>
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        <curCd>USD</curCd>
        <valUSD>32513.52000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US91159HHN35"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97994.46000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WILLIS NORTH AME 4.5% 09/15/28</name>
        <lei>N/A</lei>
        <title>WILLIS NORTH AMERICA INC REGD 4.50000000</title>
        <cusip>970648AG6</cusip>
        <identifiers>
          <isin value="US970648AG61"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24909.76000000</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>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KLA CORP 4.1% 03/15/29</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA CORP REGD 4.10000000</title>
        <cusip>482480AG5</cusip>
        <identifiers>
          <isin value="US482480AG50"/>
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        <balance>258000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>255935.92000000</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>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GILEAD SCIENCES  4.8% 04/01/44</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC REGD 4.80000000</title>
        <cusip>375558AX1</cusip>
        <identifiers>
          <isin value="US375558AX11"/>
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        <balance>142000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126137.34000000</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>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>288863.07000000</valUSD>
        <pctVal>0.017760190611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>20092.46000000</valUSD>
        <pctVal>0.001235346281</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>
          <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>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>355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>331368.50000000</valUSD>
        <pctVal>0.020373555271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</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>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>30817.84000000</valUSD>
        <pctVal>0.001894775654</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>51340.28000000</valUSD>
        <pctVal>0.003156558430</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>
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          <isCashCollateral>N</isCashCollateral>
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          <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>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278378.61000000</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>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <isin value="US95040QAP90"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21956.94000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>24305.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>MVWOT 2025-1A  5.75% 04/20/39</name>
        <lei>N/A</lei>
        <title>MVW 2025-1 LLC SER 2025-1A CL C REGD 144A P/P 5.75000000</title>
        <cusip>627924AC7</cusip>
        <identifiers>
          <isin value="US627924AC74"/>
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        <balance>964474.63000000</balance>
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        <curCd>USD</curCd>
        <valUSD>971475.46000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2042-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>UNITEDHEALTH GR 4.75% 05/15/52</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 4.75000000</title>
        <cusip>91324PEK4</cusip>
        <identifiers>
          <isin value="US91324PEK49"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41014.56000000</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>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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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>
        <title>PNC FINANCIAL SERVICES REGD V/R 5.67600000</title>
        <cusip>693475BW4</cusip>
        <identifiers>
          <isin value="US693475BW41"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50954.26000000</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>2035-01-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.67600000</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>SALLY HOLDINGS/ 6.75% 03/01/32</name>
        <lei>N/A</lei>
        <title>SALLY HOLDINGS/SALLY CAP REGD 6.75000000</title>
        <cusip>79546VAQ9</cusip>
        <identifiers>
          <isin value="US79546VAQ95"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71195.39000000</valUSD>
        <pctVal>0.004377311703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <name>CIGNA GROUP/THE 4.9% 12/15/48</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T/L MODIVCARE  0% 07/01/31</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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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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      <invstOrSec>
        <name>MCDONALD'S CORP 5.15% 09/09/52</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
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        <cusip>58013MFT6</cusip>
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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>UMBS P#SD8268 5.5% 11/01/52</name>
        <lei>N/A</lei>
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          <isin value="US3132DWFH16"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WASTE MANAGEMEN 2.95% 06/01/41</name>
        <lei>549300YX8JIID70NFS41</lei>
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        <cusip>94106LBR9</cusip>
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          <isin value="US94106LBR96"/>
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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>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SOLVENTUM CORP 5.4% 03/01/29</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>SOLVENTUM CORP REGD 5.40000000</title>
        <cusip>83444MAP6</cusip>
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          <isin value="US83444MAP68"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>428440.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>G2SF  30 YR TBA 5.5% JUN 25</name>
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        <title>G2SF  30 YR TBA 5.5% JUN 25    TO BE ANNOUNCED 5.50000000</title>
        <cusip>21H052660</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>4069898.17000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>HUB INTERNATION 7.25% 06/15/30</name>
        <lei>N/A</lei>
        <title>HUB INTERNATIONAL LTD REGD 144A P/P 7.25000000</title>
        <cusip>44332PAH4</cusip>
        <identifiers>
          <isin value="US44332PAH47"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>114597.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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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        <curCd>USD</curCd>
        <valUSD>220687.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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        <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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        <curCd>USD</curCd>
        <valUSD>38545.40000000</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>KINGDOM OF JOR 7.375% 10/10/47</name>
        <lei>N/A</lei>
        <title>KINGDOM OF JORDAN REGD REG S 7.37500000</title>
        <cusip>M5269UAJ3</cusip>
        <identifiers>
          <isin value="XS1577950311"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>JO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MOTOROLA SOLUTI 2.75% 05/24/31</name>
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        <name>CPS 2025-B D 5.56% 12/15/28</name>
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      <invstOrSec>
        <name>BX 2021-PAC D V/R 10/15/23</name>
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        <name>CENTERPOINT ENER 3.6% 03/01/52</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>LFT 2024-2A E 8.47% 01/20/30</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US52590AAE47"/>
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        <balance>1250000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
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        <name>AMER AIRLN 15- 3.375% 05/01/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BMO 2024-5C6 C V/R 09/15/29</name>
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        <name>UMBS P#AL4464 2.5% 06/01/28</name>
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        <invCountry>MX</invCountry>
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        <name>GNMA II P#MA7590 3% 09/20/51</name>
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        <lei>ZXTILKJKG63JELOEG630</lei>
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        <name>ALLIANZ SE V/R 09/03/54</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS 5.05% 06/01/52</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC REGD 5.05000000</title>
        <cusip>70450YAM5</cusip>
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          <isin value="US70450YAM57"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22202.32000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CAMDEN PROPERTY  4.9% 01/15/34</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>CAMDEN PROPERTY TRUST REGD 4.90000000</title>
        <cusip>133131BB7</cusip>
        <identifiers>
          <isin value="US133131BB72"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24533.76000000</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>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GENERAL DYNAMIC 2.85% 06/01/41</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GENERAL DYNAMICS CORP REGD 2.85000000</title>
        <cusip>369550BQ0</cusip>
        <identifiers>
          <isin value="US369550BQ02"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17816.35000000</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>ABBVIE INC 4.25% 11/21/49</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD SER WI 4.25000000</title>
        <cusip>00287YCB3</cusip>
        <identifiers>
          <isin value="US00287YCB39"/>
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        <balance>355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>284304.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DUKE ENERGY OHI 3.65% 02/01/29</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY OHIO INC REGD 3.65000000</title>
        <cusip>26442EAF7</cusip>
        <identifiers>
          <isin value="US26442EAF79"/>
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        <balance>529000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>516577.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GATX CORP 4% 06/30/30</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX CORP REGD 4.00000000</title>
        <cusip>361448BF9</cusip>
        <identifiers>
          <isin value="US361448BF99"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23926.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CLEAN HARBORS  6.375% 02/01/31</name>
        <lei>5493000SJVZVZJKHJF48</lei>
        <title>CLEAN HARBORS INC REGD 144A P/P 6.37500000</title>
        <cusip>184496AQ0</cusip>
        <identifiers>
          <isin value="US184496AQ03"/>
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        <balance>58000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59059.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#CA2327 4% 09/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA2327 4.00000000</title>
        <cusip>3140Q9SR5</cusip>
        <identifiers>
          <isin value="US3140Q9SR51"/>
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        <balance>94877.87000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88491.44000000</valUSD>
        <pctVal>0.005440726091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#FS3756 3% 05/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS3756 3.00000000</title>
        <cusip>3140XKE63</cusip>
        <identifiers>
          <isin value="US3140XKE637"/>
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        <balance>439026.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>380417.88000000</valUSD>
        <pctVal>0.023389262119</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ELEVANCE HEALTH 4.55% 03/01/48</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELEVANCE HEALTH INC REGD 4.55000000</title>
        <cusip>036752AH6</cusip>
        <identifiers>
          <isin value="US036752AH62"/>
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        <balance>97000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78499.96000000</valUSD>
        <pctVal>0.004826419149</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>4.55000000</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>HONEYWELL INTERN 1.1% 03/01/27</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HONEYWELL INTERNATIONAL REGD 1.10000000</title>
        <cusip>438516CE4</cusip>
        <identifiers>
          <isin value="US438516CE43"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94608.05000000</valUSD>
        <pctVal>0.005816794100</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>1.10000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CANADIAN NATL R 4.45% 01/20/49</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
        <title>CANADIAN NATL RAILWAY REGD 4.45000000</title>
        <cusip>136375CV2</cusip>
        <identifiers>
          <isin value="US136375CV26"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20997.23000000</valUSD>
        <pctVal>0.001290974326</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA8799 4.5% 04/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8799 4.50000000</title>
        <cusip>36179XX43</cusip>
        <identifiers>
          <isin value="US36179XX434"/>
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        <balance>652837.16000000</balance>
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        <curCd>USD</curCd>
        <valUSD>618450.48000000</valUSD>
        <pctVal>0.038024238987</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>2053-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>INTERCONTINENTALEX 3% 09/15/60</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>INTERCONTINENTALEXCHANGE REGD 3.00000000</title>
        <cusip>45866FAQ7</cusip>
        <identifiers>
          <isin value="US45866FAQ72"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29334.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>ANTERO RESOURC 7.625% 02/01/29</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>ANTERO RESOURCES CORP REGD 144A P/P 7.62500000</title>
        <cusip>03674XAQ9</cusip>
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          <isin value="US03674XAQ97"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220218.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRUDENTIAL FIN 3.905% 12/07/47</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC REGD SER WI 3.90500000</title>
        <cusip>744320AY8</cusip>
        <identifiers>
          <isin value="US744320AY89"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37818.61000000</valUSD>
        <pctVal>0.002325204541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOEING CO/THE 6.528% 05/01/34</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO/THE REGD SER WI 6.52800000</title>
        <cusip>097023DS1</cusip>
        <identifiers>
          <isin value="US097023DS12"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53333.89000000</valUSD>
        <pctVal>0.003279131709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>FHMS K148 A2 V/R 07/25/32</name>
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        <name>CONTINENTAL RES 5.75% 01/15/31</name>
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        <name>AON NORTH AMERI 5.45% 03/01/34</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLUB CAPITAL BDC 6% 07/15/29</name>
        <lei>2549005WE0QLGK9APF78</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FGLMC P#G08844 5% 10/01/48</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>WRKCO INC 4.9% 03/15/29</name>
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          <isin value="US92940PAD69"/>
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        <name>KINETIK HOLDIN 5.875% 06/15/30</name>
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      <invstOrSec>
        <name>JUNIPER NETWORKS I 2% 12/10/30</name>
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        <name>MARS INC 5% 03/01/32</name>
        <lei>54930073HKEO6GZBSS03</lei>
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        <curCd>USD</curCd>
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        <name>GNR 2021-119 JG 1.5% 06/20/51</name>
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        <curCd>USD</curCd>
        <valUSD>3078228.57000000</valUSD>
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          <maturityDt>2051-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHARTER COMM OPT 4.8% 03/01/50</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD 4.80000000</title>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 4.125% 10/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.12500000</title>
        <cusip>91282CLR0</cusip>
        <identifiers>
          <isin value="US91282CLR06"/>
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        <curCd>USD</curCd>
        <valUSD>2012851.56000000</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>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>ROYAL BANK OF C 1.15% 06/10/25</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <cusip>78015K7H1</cusip>
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        <curCd>USD</curCd>
        <valUSD>9992.96000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>WALMART INC 6.2% 04/15/38</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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        <cusip>931142CM3</cusip>
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        <curCd>USD</curCd>
        <valUSD>27626.70000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <name>EXXON MOBIL CO 3.452% 04/15/51</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
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        <curCd>USD</curCd>
        <valUSD>137359.48000000</valUSD>
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        <name>JPMORGAN CHASE &amp;  V/R 06/14/30</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PDF0</cusip>
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        <name>REPUBLIC OF CO 4.125% 02/22/42</name>
        <lei>N/A</lei>
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          <isin value="US195325EA91"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>CO</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>AMERICAN HOMES 4 5.5% 02/01/34</name>
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          <isin value="US02666TAG22"/>
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          <couponKind>Fixed</couponKind>
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        <name>US TREAS NTS 4.125% 10/31/31</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.12500000</title>
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          <isin value="US91282CLU35"/>
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        <valUSD>998769.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ALEXANDRIA REAL ESTATE E REGD 1.87500000</title>
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          <isin value="US015271AV11"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19440.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TORONTO-DOMINION 2.8% 03/10/27</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO-DOMINION BANK REGD MTN 2.80000000</title>
        <cusip>89114TZT2</cusip>
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          <isin value="US89114TZT23"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>COLT 2021-2 A1 V/R 08/25/66</name>
        <lei>N/A</lei>
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        <cusip>19685WAA9</cusip>
        <identifiers>
          <isin value="US19685WAA99"/>
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        <balance>713326.30000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595719.27000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.92400000</annualizedRt>
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      <invstOrSec>
        <name>T-MOBILE USA IN 3.75% 04/15/27</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD SER WI 3.75000000</title>
        <cusip>87264ABD6</cusip>
        <identifiers>
          <isin value="US87264ABD63"/>
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        <balance>152000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150047.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OPTN 2025-A D 7.25% 02/08/33</name>
        <lei>N/A</lei>
        <title>OPORTUN ISSUANCE TRUST 2025-A SER 2025-A CL D REGD 144A P/P 7.25000000</title>
        <cusip>68377TAD0</cusip>
        <identifiers>
          <isin value="US68377TAD00"/>
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        <balance>1841000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1814834.79000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-08</maturityDt>
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      <invstOrSec>
        <name>OMEGA HLTHCARE  4.75% 01/15/28</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>OMEGA HLTHCARE INVESTORS REGD 4.75000000</title>
        <cusip>681936BK5</cusip>
        <identifiers>
          <isin value="US681936BK50"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25015.42000000</valUSD>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN TOWER C 3.8% 08/15/29</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMERICAN TOWER CORP REGD 3.80000000</title>
        <cusip>03027XAW0</cusip>
        <identifiers>
          <isin value="US03027XAW02"/>
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        <balance>86000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82977.72000000</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>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELEVANCE HEALTH 4.55% 05/15/52</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELEVANCE HEALTH INC REGD 4.55000000</title>
        <cusip>036752AU7</cusip>
        <identifiers>
          <isin value="US036752AU73"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19892.04000000</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>2052-05-15</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMGEN INC 4.05% 08/18/29</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC REGD 4.05000000</title>
        <cusip>031162DH0</cusip>
        <identifiers>
          <isin value="US031162DH07"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>176334.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRK 2025-RRTL1 A V/R 03/25/27</name>
        <lei>N/A</lei>
        <title>TOORAK MORTGAGE TRUST 2025-RRTL1 SER 2025-RRTL1 CL A1 V/R REGD 144A P/P 5.52400000</title>
        <cusip>89053JAB3</cusip>
        <identifiers>
          <isin value="US89053JAB35"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1991013.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.52400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>EOG RESOURCES  4.375% 04/15/30</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG RESOURCES INC REGD 4.37500000</title>
        <cusip>26875PAU5</cusip>
        <identifiers>
          <isin value="US26875PAU57"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>187934.48000000</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>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARS INC 3.2% 04/01/30</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>MARS INC REGD 144A P/P 3.20000000</title>
        <cusip>571676AB1</cusip>
        <identifiers>
          <isin value="US571676AB18"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216121.27000000</valUSD>
        <pctVal>0.013287800861</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>ALPHABET INC 1.9% 08/15/40</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC REGD 1.90000000</title>
        <cusip>02079KAE7</cusip>
        <identifiers>
          <isin value="US02079KAE73"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58809.29000000</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>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.90000000</annualizedRt>
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      <invstOrSec>
        <name>IBRD 3.5% 07/12/28</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMENT 3.50000000</title>
        <cusip>459058KT9</cusip>
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          <isin value="US459058KT95"/>
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        <curCd>USD</curCd>
        <valUSD>148087.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>US TREAS BDS 3% 05/15/47</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.00000000</title>
        <cusip>912810RX8</cusip>
        <identifiers>
          <isin value="US912810RX81"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244942.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA II P#MA9907 6% 09/20/54</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA9907 6.00000000</title>
        <cusip>36180AAG8</cusip>
        <identifiers>
          <isin value="US36180AAG85"/>
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        <balance>619808.96000000</balance>
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        <curCd>USD</curCd>
        <valUSD>626389.60000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>CITIGROUP INC 6.625% 6/15/32</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD 6.62500000</title>
        <cusip>172967BL4</cusip>
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          <isin value="US172967BL44"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32260.81000000</valUSD>
        <pctVal>0.001983493891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>NATIONAL FUEL GA 5.5% 03/15/30</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>NATIONAL FUEL GAS CO REGD 5.50000000</title>
        <cusip>636180BT7</cusip>
        <identifiers>
          <isin value="US636180BT74"/>
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        <balance>25000.00000000</balance>
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        <name>UMBS P#MA3693 4% 07/01/49</name>
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        <name>CVS HEALTH CORP 5.05% 03/25/48</name>
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        <name>REPUBLIC OF CHI 3.24% 02/06/28</name>
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        <name>GNMA II P#MA7987 2.5% 04/20/52</name>
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        <name>ALIBABA GROUP H 5.25% 05/26/35</name>
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        <name>CHARLES SCHWAB  1.15% 05/13/26</name>
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        <name>ZAXBY 2021-1A 3.238% 07/30/28</name>
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      <invstOrSec>
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        <name>UMBS P#QF2362 4% 11/01/52</name>
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        <name>CCAS 2024-1A  7.124% 06/15/27</name>
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        <name>ENTERPRISE PROD 6.65% 10/15/34</name>
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        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <name>KENVUE INC 5.05% 03/22/53</name>
        <lei>5493008HSF8L4M2LIJ82</lei>
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        <name>AESOP 2024-3A  6.11% 12/20/29</name>
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      <invstOrSec>
        <name>UMBS P#SD2760 6% 04/01/53</name>
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        <name>INTELSAT JACKSON 6.5% 03/15/30</name>
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        <name>UMBS P#FS4039 5.5% 02/01/53</name>
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        <name>HALLIBURTON CO 4.85% 11/15/35</name>
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        <name>GNMA P#745057 5% 11/15/39</name>
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      <invstOrSec>
        <name>JPMDB 2017-C7 3.409% 08/15/27</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#SD7574 6% 09/01/54</name>
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        <curCd>USD</curCd>
        <valUSD>815230.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COTERRA ENERGY I 5.9% 02/15/55</name>
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        <curCd>USD</curCd>
        <valUSD>400659.57000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGLMC P#A81872 6% 09/01/38</name>
        <lei>N/A</lei>
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          <isin value="US312928CH56"/>
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        <curCd>USD</curCd>
        <valUSD>180.59000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DUKE ENERGY OHI 5.65% 04/01/53</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY OHIO INC REGD 5.65000000</title>
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        <identifiers>
          <isin value="US26442EAK64"/>
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        <curCd>USD</curCd>
        <valUSD>18980.27000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INTERNATIONAL PAPE 6% 11/15/41</name>
        <lei>824LMFJDH41EY779Q875</lei>
        <title>INTERNATIONAL PAPER CO REGD 6.00000000</title>
        <cusip>460146CH4</cusip>
        <identifiers>
          <isin value="US460146CH42"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24630.09000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>45812.48000000</valUSD>
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        <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>
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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>WELLS FARGO &amp; COM V/R 07/25/29</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>95000U3E1</cusip>
        <identifiers>
          <isin value="US95000U3E14"/>
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        <balance>510000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>522938.37000000</valUSD>
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        <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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          <isNonCashCollateral>N</isNonCashCollateral>
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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>331000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>306373.35000000</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>2060-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.93000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FKH 2021-SFR1 2.489% 08/17/26</name>
        <lei>N/A</lei>
        <title>FIRSTKEY HOMES 2021-SFR1 TRUST SER 2021-SFR1 CL E2 REGD 144A P/P 2.48900000</title>
        <cusip>33767WAL7</cusip>
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          <isin value="US33767WAL72"/>
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        <valUSD>1918664.00000000</valUSD>
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      <invstOrSec>
        <name>JBS USA HOLD/F 4.375% 02/02/52</name>
        <lei>N/A</lei>
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          <isin value="US46590XAQ97"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UNITED KI 4.125% 07/22/29/GBP/</name>
        <lei>N/A</lei>
        <title>UNITED KINGDOM GILT /GBP/ REGD REG S 4.12500000</title>
        <cusip>G4527HH46</cusip>
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          <isin value="GB00BQC82B83"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GNMA II P#MA5467 4.5% 09/20/48</name>
        <lei>N/A</lei>
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        <valUSD>76937.23000000</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>SYSCO CORPORATIO 3.3% 07/15/26</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>SYSCO CORPORATION REGD 3.30000000</title>
        <cusip>871829BC0</cusip>
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        <name>REYNOLDS AMERIC 5.85% 08/15/45</name>
        <lei>N/A</lei>
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          <isin value="US761713BB19"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>UMBS P#SD8189 2.5% 01/01/52</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AH0356 3.5% 02/01/26</name>
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        <title>FANNIE MAE POOL UMBS P#AH0356 3.50000000</title>
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          <isin value="US3138A1ME82"/>
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        <balance>3496.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3471.10000000</valUSD>
        <pctVal>0.000213413911</pctVal>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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 5.17871000</title>
        <cusip>05609TAA8</cusip>
        <identifiers>
          <isin value="US05609TAA88"/>
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        <balance>901000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>899651.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.17871000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LIVE NATION ENT 4.75% 10/15/27</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>LIVE NATION ENTERTAINMEN REGD 144A P/P 4.75000000</title>
        <cusip>538034AR0</cusip>
        <identifiers>
          <isin value="US538034AR08"/>
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        <balance>330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>324491.77000000</valUSD>
        <pctVal>0.019950752745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</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>PROGRESSIVE CORP 3% 03/15/32</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>PROGRESSIVE CORP REGD 3.00000000</title>
        <cusip>743315AZ6</cusip>
        <identifiers>
          <isin value="US743315AZ61"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44938.24000000</valUSD>
        <pctVal>0.002762941306</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"/>
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        <balance>21631.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20691.06000000</valUSD>
        <pctVal>0.001272150052</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>
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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>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"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15432.86000000</valUSD>
        <pctVal>0.000948859732</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>
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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>CENTRAL GARDEN 4.125% 10/15/30</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>CENTRAL GARDEN &amp; PET CO REGD 4.12500000</title>
        <cusip>153527AN6</cusip>
        <identifiers>
          <isin value="US153527AN61"/>
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        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245257.95000000</valUSD>
        <pctVal>0.015079213625</pctVal>
        <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>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>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"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34187.99000000</valUSD>
        <pctVal>0.002101982849</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23702.96000000</valUSD>
        <pctVal>0.001457330934</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>
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      <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"/>
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        <balance>330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>286479.29000000</valUSD>
        <pctVal>0.017613628480</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>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>899736.33000000</valUSD>
        <pctVal>0.055318558792</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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>1407000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1236556.15000000</valUSD>
        <pctVal>0.076027277995</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>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>23076.22000000</valUSD>
        <pctVal>0.001418797029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263430.16000000</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>2044-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 03/15/28</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC REGD V/R 3.61500000</title>
        <cusip>38141GZR8</cusip>
        <identifiers>
          <isin value="US38141GZR81"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68753.25000000</valUSD>
        <pctVal>0.004227161419</pctVal>
        <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>Variable</couponKind>
          <annualizedRt>3.61500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GILEAD SCIENCES IN 4% 09/01/36</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC REGD 4.00000000</title>
        <cusip>375558BJ1</cusip>
        <identifiers>
          <isin value="US375558BJ18"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80655.08000000</valUSD>
        <pctVal>0.004958922560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</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>
        <name>ITALY GOV'T IN 3.875% 05/06/51</name>
        <lei>N/A</lei>
        <title>ITALY GOV'T INT BOND REGD SER 30Y 3.87500000</title>
        <cusip>465410CC0</cusip>
        <identifiers>
          <isin value="US465410CC03"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137289.56000000</valUSD>
        <pctVal>0.008440984700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>LHOME 2025-RTL1  V/R 01/25/40</name>
        <lei>N/A</lei>
        <title>LHOME MORTGAGE TRUST 2025-RTL1 SER 2025-RTL1 CL A1 V/R REGD 144A P/P 5.65200000</title>
        <cusip>50205UAA9</cusip>
        <identifiers>
          <isin value="US50205UAA97"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>AMEREN ILLINOIS 5.55% 07/01/54</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SERVICE CORP IN 5.75% 10/15/32</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOWE'S COS INC 2.625% 04/01/31</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALBEMARLE CORP 5.65% 06/01/52</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
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        <cusip>012653AF8</cusip>
        <identifiers>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20091.79000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>METLIFE INC 5% 07/15/52</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC REGD 5.00000000</title>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22141.43000000</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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      <invstOrSec>
        <name>GLP CAPITAL LP / F 4% 01/15/30</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US361841AP42"/>
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        <curCd>USD</curCd>
        <valUSD>252295.24000000</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>EXPORT-IMPORT B 5.25% 01/14/35</name>
        <lei>N/A</lei>
        <title>EXPORT-IMPORT BANK KOREA REGD 5.25000000</title>
        <cusip>302154EL9</cusip>
        <identifiers>
          <isin value="US302154EL96"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205483.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>CITIGROUP INC V/R 03/17/33</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <cusip>172967NN7</cusip>
        <identifiers>
          <isin value="US172967NN71"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>229224.65000000</valUSD>
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        <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>WALMART INC 1.5% 09/22/28</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WALMART INC REGD 1.50000000</title>
        <cusip>931142ES8</cusip>
        <identifiers>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82926.75000000</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#SB8103 2% 05/01/36</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>81081.32000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>SHELL INTERNAT 3.875% 11/13/28</name>
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        <identifiers>
          <isin value="US822582CB65"/>
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        <balance>220000.00000000</balance>
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        <valUSD>218045.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA 4.45% 03/03/26</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GFU8</cusip>
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          <isin value="US06051GFU85"/>
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        <curCd>USD</curCd>
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        <name>LYB INT FINANCE  5.5% 03/01/34</name>
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        <name>HLDNG D'I 4.875% 10/24/29/EUR/</name>
        <lei>969500I3QVK40XEORU25</lei>
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        <name>GNMA P#604841 6% 12/15/33</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BC0853 3% 04/01/31</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BC0853 3.00000000</title>
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        <curCd>USD</curCd>
        <valUSD>82884.91000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>EUROPEAN INVEST 3.75% 11/15/29</name>
        <lei>5493006YXS1U5GIHE750</lei>
        <title>EUROPEAN INVESTMENT BANK REGD 3.75000000</title>
        <cusip>298785KF2</cusip>
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          <isin value="US298785KF28"/>
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      <invstOrSec>
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        <name>TARGET CORP 4% 07/01/42</name>
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        <name>MARS INC 5.2% 03/01/35</name>
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        <name>EVERGY INC V/R 06/01/55</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STACR 2021-DNA6  V/R 10/25/41</name>
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        <name>UMBS P#AD8529 4.5% 08/01/40</name>
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        <name>BJETS 2024-1A 9.132% 05/15/30</name>
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        <name>AT&amp;T INC 3.65% 09/15/59</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <name>KRAFT HEINZ FO 4.875% 10/01/49</name>
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        <name>UNITED PARCEL S 5.15% 05/22/34</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <name>VODAFONE GROUP  6.15% 02/27/37</name>
        <lei>213800TB53ELEUKM7Q61</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>MPLX LP 4.8% 02/15/29</name>
        <lei>N/A</lei>
        <title>MPLX LP REGD 4.80000000</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BLUE OWL CAPITAL 3.4% 07/15/26</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>BLUE OWL CAPITAL CORP REGD 3.40000000</title>
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          <isin value="US91282CDL28"/>
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        <name>KINDER MORGAN INC 5% 02/01/29</name>
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        <name>COMMONWEALTH EDI 5.9% 03/15/36</name>
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        <name>SUMITOMO MITSU 3.446% 01/11/27</name>
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        <name>UMBS P#QN7685 2% 09/01/36</name>
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        <name>RINGCENTRAL INC 8.5% 08/15/30</name>
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        <name>VERIZON COMMUNI 1.68% 10/30/30</name>
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        <name>UMBS P#CA1710 4.5% 05/01/48</name>
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      <invstOrSec>
        <name>FNCI 15YR TBA 3.5% JUN 25</name>
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        <name>US TREAS NTS 4.125% 07/31/31</name>
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          <isin value="US91282CLD10"/>
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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>
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        <name>GNMA II P#MA7826 2% 01/20/52</name>
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        <name>SOCIETE GENERALE V/R 05/22/31</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>OMNIS FUNDING  6.722% 05/15/55</name>
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      <invstOrSec>
        <name>HOME DEPOT INC 3.3% 04/15/40</name>
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      <invstOrSec>
        <name>PFIZER INC 2.625% 04/01/30</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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      <invstOrSec>
        <name>UMBS P#BQ6855 2% 12/01/51</name>
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      <invstOrSec>
        <name>HYUNDAI CAPITAL 5.65% 06/26/26</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>706291.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PFIZER INC 3.9% 03/15/39</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>PFIZER INC REGD 3.90000000</title>
        <cusip>717081EU3</cusip>
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        <curCd>USD</curCd>
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        <name>CITIGROUP INC V/R 11/03/32</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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          <isin value="US172967NE72"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OHIO POWER COMPANY 4% 06/01/49</name>
        <lei>N/A</lei>
        <title>OHIO POWER COMPANY REGD 4.00000000</title>
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          <isin value="US677415CR01"/>
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        <curCd>USD</curCd>
        <valUSD>48092.01000000</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>ORACLE CORP 4.3% 07/08/34</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <cusip>68389XAV7</cusip>
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          <isin value="US68389XAV73"/>
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        <curCd>USD</curCd>
        <valUSD>221022.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-08</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DAVITA INC 4.625% 06/01/30</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
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          <isin value="US23918KAS78"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>EVEREST REINSU 3.125% 10/15/52</name>
        <lei>N/A</lei>
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          <isin value="US299808AJ43"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>GOLDMAN SACHS GRO V/R 01/28/56</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38141GC51</cusip>
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        <assetCat>DBT</assetCat>
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          <couponKind>Variable</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>
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          <isin value="US60687YAG44"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BALTIMORE GAS &amp; 4.55% 06/01/52</name>
        <lei>N/A</lei>
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        <cusip>059165EP1</cusip>
        <identifiers>
          <isin value="US059165EP12"/>
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        <balance>54000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43921.03000000</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>BERKSHIRE HATHA 1.45% 10/15/30</name>
        <lei>N/A</lei>
        <title>BERKSHIRE HATHAWAY FIN REGD 1.45000000</title>
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        <identifiers>
          <isin value="US084664CW92"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21690.78000000</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>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
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        <curCd>USD</curCd>
        <valUSD>20752.76000000</valUSD>
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        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>ADIENT GLOBAL HOLD 7% 04/15/28</name>
        <lei>N/A</lei>
        <title>ADIENT GLOBAL HOLDINGS REGD 144A P/P 7.00000000</title>
        <cusip>00687YAB1</cusip>
        <identifiers>
          <isin value="US00687YAB11"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>260843.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</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>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORP 4% 07/15/46</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNR 2023-53 SL V/R 04/20/53</name>
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      <invstOrSec>
        <name>GNMA II P#MA7986 2% 04/20/52</name>
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          <isin value="US36179W2T42"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREAS BDS 4.625% 02/15/55</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.62500000</title>
        <cusip>912810UG1</cusip>
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          <isin value="US912810UG12"/>
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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>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US166756AR79"/>
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        <curCd>USD</curCd>
        <valUSD>9944.15000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>US TREAS BDS 2.25% 02/15/52</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.25000000</title>
        <cusip>912810TD0</cusip>
        <identifiers>
          <isin value="US912810TD00"/>
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        <balance>2989000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1776586.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>VIRGINIA ELEC &amp; 2.95% 11/15/51</name>
        <lei>N/A</lei>
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        <cusip>927804GF5</cusip>
        <identifiers>
          <isin value="US927804GF58"/>
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        <balance>52000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31432.75000000</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>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TOTALENERGIES  3.127% 05/29/50</name>
        <lei>N/A</lei>
        <title>TOTALENERGIES CAP INTL REGD 3.12700000</title>
        <cusip>89153VAV1</cusip>
        <identifiers>
          <isin value="US89153VAV18"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32010.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EXELON CORP V/R 03/15/55</name>
        <lei>3SOUA6IRML7435B56G12</lei>
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          <isin value="US30161NBQ34"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>VCAT 2025-NPL2 A V/R 01/25/55</name>
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        <cusip>92243PAA6</cusip>
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          <isin value="US92243PAA66"/>
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        <balance>2282635.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2275695.14000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>BROWN &amp; BROWN IN 4.5% 03/15/29</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BROWN &amp; BROWN INC REGD 4.50000000</title>
        <cusip>115236AB7</cusip>
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          <isin value="US115236AB74"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24787.28000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CENTENE CORP 3% 10/15/30</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CENTENE CORP REGD 3.00000000</title>
        <cusip>15135BAW1</cusip>
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          <isin value="US15135BAW19"/>
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        <balance>50000.00000000</balance>
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        <valUSD>44000.53000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>SEAGATE HDD CA 9.625% 12/01/32</name>
        <lei>N/A</lei>
        <title>SEAGATE HDD CAYMAN REGD 9.62500000</title>
        <cusip>81180WBM2</cusip>
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          <isin value="US81180WBM29"/>
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        <curCd>USD</curCd>
        <valUSD>85190.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NEXTERA ENERGY 1.875% 01/15/27</name>
        <lei>N/A</lei>
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          <isin value="US65339KBY55"/>
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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>ERP OPERATING LP 3% 07/01/29</name>
        <lei>N/A</lei>
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        <cusip>26884ABL6</cusip>
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          <isin value="US26884ABL61"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23604.96000000</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>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>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>794745.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2174-03-10</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AMERICAN EXPRESS CO REGD 2.55000000</title>
        <cusip>025816CS6</cusip>
        <identifiers>
          <isin value="US025816CS64"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97003.82000000</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>2027-03-04</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BMO 2022-C1 A5 V/R 01/15/32</name>
        <lei>N/A</lei>
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        <cusip>05609MCC7</cusip>
        <identifiers>
          <isin value="US05609MCC73"/>
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        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>252683.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>NEXTERA ENERGY CA V/R 08/15/55</name>
        <lei>N/A</lei>
        <title>NEXTERA ENERGY CAPITAL REGD V/R SER . 6.50000000</title>
        <cusip>65339KDF4</cusip>
        <identifiers>
          <isin value="US65339KDF49"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161507.20000000</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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      <invstOrSec>
        <name>US TREAS NTS 4% 01/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.00000000</title>
        <cusip>91282CJW2</cusip>
        <identifiers>
          <isin value="US91282CJW29"/>
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        <curCd>USD</curCd>
        <valUSD>6390432.94000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYNOPSYS INC 5.15% 04/01/35</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>SYNOPSYS INC REGD 5.15000000</title>
        <cusip>871607AE7</cusip>
        <identifiers>
          <isin value="US871607AE70"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108735.18000000</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>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED AIRLINE 4.625% 04/15/29</name>
        <lei>N/A</lei>
        <title>UNITED AIRLINES INC REGD 144A P/P 4.62500000</title>
        <cusip>90932LAH0</cusip>
        <identifiers>
          <isin value="US90932LAH06"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>185336.35000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US191216DC18"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28995.54000000</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>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>24895.68000000</valUSD>
        <pctVal>0.001530663030</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>315732.50000000</valUSD>
        <pctVal>0.019412205866</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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>223634.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>230696.09000000</valUSD>
        <pctVal>0.014183905653</pctVal>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>424897.25000000</valUSD>
        <pctVal>0.026123990686</pctVal>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>1538555.78000000</valUSD>
        <pctVal>0.094595144747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-31</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>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>78724.43000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70737.79000000</valUSD>
        <pctVal>0.004349177047</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>2047-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
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        <curCd>USD</curCd>
        <valUSD>46756.21000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>15711.57000000</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>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1777007.81000000</valUSD>
        <pctVal>0.109255909464</pctVal>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
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          <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>41711.67000000</valUSD>
        <pctVal>0.002564561852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</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>
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        <name>BHP BILLITON FIN U 5% 09/30/43</name>
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        <name>FGLMC P#G60440 3.5% 03/01/46</name>
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        <name>AMSR 2025-SFR 3.655% 06/17/42</name>
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        <name>DOMINION ENERGY I V/R 05/15/55</name>
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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>
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          <isin value="US031162DP23"/>
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        <balance>171000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>174117.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>500589.02000000</valUSD>
        <pctVal>0.030777753671</pctVal>
        <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>SIX FLAGS ENT/ 6.625% 05/01/32</name>
        <lei>N/A</lei>
        <title>SIX FLAGS ENT/SIX FLAG REGD 144A P/P 6.62500000</title>
        <cusip>83002YAA7</cusip>
        <identifiers>
          <isin value="US83002YAA73"/>
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        <balance>73000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74468.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA ST 4.6% 04/01/38</name>
        <lei>N/A</lei>
        <title>PREREF CALIFORNIA ST REGD B/E PREREFUNDED 04/01/28 @ 100 4.60000000</title>
        <cusip>13063DGE2</cusip>
        <identifiers>
          <isin value="US13063DGE22"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101261.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PERMIAN RESOUR 5.875% 07/01/29</name>
        <lei>N/A</lei>
        <title>PERMIAN RESOURC OPTG LLC REGD 144A P/P 5.87500000</title>
        <cusip>19416MAB5</cusip>
        <identifiers>
          <isin value="US19416MAB54"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172918.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENTEGRIS INC 5.95% 06/15/30</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTEGRIS INC REGD 144A P/P 5.95000000</title>
        <cusip>29365BAB9</cusip>
        <identifiers>
          <isin value="US29365BAB99"/>
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        <balance>319000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319521.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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      <invstOrSec>
        <name>GCAR 2025-2A D 5.59% 07/15/29</name>
        <lei>N/A</lei>
        <title>GLS AUTO RECEIVABLES ISSUER TRUST 2025-2 SER 2025-2A CL D REGD 144A P/P 5.59000000</title>
        <cusip>37989BAL6</cusip>
        <identifiers>
          <isin value="US37989BAL62"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1816673.22000000</valUSD>
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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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          <maturityDt>2031-01-15</maturityDt>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>169203.08000000</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>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>116416.03000000</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>2029-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>HYUNDAI CAPITAL  5.4% 03/29/32</name>
        <lei>N/A</lei>
        <title>HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.40000000</title>
        <cusip>44891ADR5</cusip>
        <identifiers>
          <isin value="US44891ADR59"/>
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        <balance>184000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182776.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <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>170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149254.34000000</valUSD>
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        <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>
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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>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49650.84000000</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>3.95000000</annualizedRt>
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        <name>FORD MOTOR COMP 4.75% 01/15/43</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR COMPANY REGD 4.75000000</title>
        <cusip>345370CQ1</cusip>
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          <isin value="US345370CQ17"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37538.19000000</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>2043-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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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>49000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47562.06000000</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>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>
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        <curCd>USD</curCd>
        <valUSD>51413.84000000</valUSD>
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        <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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      <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>657220.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>528116.62000000</valUSD>
        <pctVal>0.032470235244</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BP CAP MARKETS 2.772% 11/10/50</name>
        <lei>N/A</lei>
        <title>BP CAP MARKETS AMERICA REGD 2.77200000</title>
        <cusip>10373QBN9</cusip>
        <identifiers>
          <isin value="US10373QBN97"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29635.47000000</valUSD>
        <pctVal>0.001822079908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.77200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>UNITED PARCEL SE 3.4% 09/01/49</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UNITED PARCEL SERVICE REGD 3.40000000</title>
        <cusip>911312BS4</cusip>
        <identifiers>
          <isin value="US911312BS40"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16955.52000000</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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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOME DEPOT INC 3.625% 04/15/52</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 3.62500000</title>
        <cusip>437076CQ3</cusip>
        <identifiers>
          <isin value="US437076CQ35"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35364.51000000</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>2052-04-15</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FGLMC P#G08795 3% 01/01/48</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G08795 3.00000000</title>
        <cusip>3128MJ3D0</cusip>
        <identifiers>
          <isin value="US3128MJ3D00"/>
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        <balance>42065.10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36570.90000000</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>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>PG&amp;E RECOVERY  5.231% 06/01/42</name>
        <lei>N/A</lei>
        <title>PG&amp;E RECOVERY FND LLC REGD SER A-2 5.23100000</title>
        <cusip>71710TAH1</cusip>
        <identifiers>
          <isin value="US71710TAH14"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98514.28000000</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>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.23100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KINDER MORGAN I 5.45% 08/01/52</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN INC REGD 5.45000000</title>
        <cusip>49456BAW1</cusip>
        <identifiers>
          <isin value="US49456BAW19"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22149.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SBA COMMUNICAT 3.125% 02/01/29</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA COMMUNICATIONS CORP REGD SER WI 3.12500000</title>
        <cusip>78410GAG9</cusip>
        <identifiers>
          <isin value="US78410GAG91"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>144300.01000000</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>2029-02-01</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>
        <name>COOPERATIEVE RABO V/R 04/06/33</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>COOPERATIEVE RABOBANK UA REGD V/R 144A P/P 3.75800000</title>
        <cusip>74977RDP6</cusip>
        <identifiers>
          <isin value="US74977RDP64"/>
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        <balance>270000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>247792.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>CAPITAL ONE FIN 3.75% 07/28/26</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CO REGD 3.75000000</title>
        <cusip>14040HBK0</cusip>
        <identifiers>
          <isin value="US14040HBK05"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49429.67000000</valUSD>
        <pctVal>0.003039088247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>LLOYDS BANKING GROU V/R /PERP/</name>
        <lei>549300PPXHEU2JF0AM85</lei>
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        <cusip>53944YAJ2</cusip>
        <identifiers>
          <isin value="US53944YAJ29"/>
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        <balance>665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>667100.74000000</valUSD>
        <pctVal>0.041015406709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2173-09-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</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>
        <name>CREDIT AGRICOLE L V/R 06/16/26</name>
        <lei>N/A</lei>
        <title>CREDIT AGRICOLE LONDON REGD V/R 144A P/P MTN 1.90700000</title>
        <cusip>22535WAG2</cusip>
        <identifiers>
          <isin value="US22535WAG24"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499426.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.90700000</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>BANK OF NOVA SC 1.95% 02/02/27</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>BANK OF NOVA SCOTIA REGD MTN 1.95000000</title>
        <cusip>06417XAD3</cusip>
        <identifiers>
          <isin value="US06417XAD30"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96262.20000000</valUSD>
        <pctVal>0.005918496333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</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#QE0312 2% 04/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QE0312 2.00000000</title>
        <cusip>3133B9KZ6</cusip>
        <identifiers>
          <isin value="US3133B9KZ64"/>
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        <balance>1263635.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>983046.61000000</valUSD>
        <pctVal>0.060440731220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>20925.13000000</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>2048-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>49599.07000000</valUSD>
        <pctVal>0.003049503480</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>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>428841.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>406920.34000000</valUSD>
        <pctVal>0.025018714929</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>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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24764.63000000</valUSD>
        <pctVal>0.001522605673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87800000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>13343.14000000</valUSD>
        <pctVal>0.000820377314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 10/24/29</name>
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      <invstOrSec>
        <name>STATE OF ISRAE 5.375% 02/19/30</name>
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      <invstOrSec>
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        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>WALT DISNEY COMP 6.4% 12/15/35</name>
        <lei>549300GZKULIZ0WOW665</lei>
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        <cusip>254687EB8</cusip>
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          <isin value="US254687EB89"/>
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        <curCd>USD</curCd>
        <valUSD>27711.28000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BM3848 4.5% 03/01/46</name>
        <lei>N/A</lei>
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        <cusip>3140J8H22</cusip>
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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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        <name>AFRICAN DEVELO 4.625% 01/04/27</name>
        <lei>549300LNCLMO3ITVCU07</lei>
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        <cusip>00828EEY1</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201808.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-04</maturityDt>
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      <invstOrSec>
        <name>REPUBLIC OF PARA 5.4% 03/30/50</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PARAGUAY REGD 5.40000000</title>
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        <identifiers>
          <isin value="USP75744AG08"/>
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        <curCd>USD</curCd>
        <valUSD>168750.00000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>PY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CAPITAL ONE FINA 4.1% 02/09/27</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CO REGD 4.10000000</title>
        <cusip>254709AM0</cusip>
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          <isin value="US254709AM01"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49596.14000000</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>UMBS P#SD8428 4% 05/01/54</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8428 4.00000000</title>
        <cusip>3132DWLH4</cusip>
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        <balance>1491199.07000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1367393.12000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>JOHNSON &amp; JOHNS 4.95% 06/01/34</name>
        <lei>549300G0CFPGEF6X2043</lei>
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        <cusip>478160CW2</cusip>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51036.31000000</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>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMCAST CORP 3.999% 11/01/49</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD SER WI 3.99900000</title>
        <cusip>20030NCE9</cusip>
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          <isin value="US20030NCE94"/>
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        <balance>43000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31803.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>FLORIDA POWER &amp; 5.65% 02/01/37</name>
        <lei>N/A</lei>
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        <cusip>341081EV5</cusip>
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          <isin value="US341081EV58"/>
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        <valUSD>25856.80000000</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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        <name>FHMS K104 XAM V/R 01/25/30</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K104 CL XAM V/R 1.49977600</title>
        <cusip>3137FREM9</cusip>
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          <isin value="US3137FREM93"/>
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        <curCd>USD</curCd>
        <valUSD>153077.04000000</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>
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      <invstOrSec>
        <name>MERCADOLIBRE I 3.125% 01/14/31</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MERCADOLIBRE INC REGD 3.12500000</title>
        <cusip>58733RAF9</cusip>
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          <isin value="US58733RAF91"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>891755.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>UY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>FACTSET RESEARC 3.45% 03/01/32</name>
        <lei>549300ZSJE7NBK6K9P30</lei>
        <title>FACTSET RESEARCH SYSTEMS REGD 3.45000000</title>
        <cusip>303075AB1</cusip>
        <identifiers>
          <isin value="US303075AB13"/>
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        <balance>421000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>379171.22000000</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>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOME DEPOT INC 3.5% 09/15/56</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 3.50000000</title>
        <cusip>437076BP6</cusip>
        <identifiers>
          <isin value="US437076BP60"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16820.49000000</valUSD>
        <pctVal>0.001034175495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-09-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>KRAFT HEINZ FO 4.375% 06/01/46</name>
        <lei>N/A</lei>
        <title>KRAFT HEINZ FOODS CO REGD SER WI 4.37500000</title>
        <cusip>50077LAB2</cusip>
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          <isin value="US50077LAB27"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59085.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREAS NTS 4% 10/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.00000000</title>
        <cusip>91282CFT3</cusip>
        <identifiers>
          <isin value="US91282CFT36"/>
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        <balance>930000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>931453.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>COREBRIDGE FINANC V/R 12/15/52</name>
        <lei>549300XY1661QCIA7J65</lei>
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        <cusip>21871XAP4</cusip>
        <identifiers>
          <isin value="US21871XAP42"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25378.65000000</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>2052-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>SANTANDER HOLDING V/R 11/09/31</name>
        <lei>N/A</lei>
        <title>SANTANDER HOLDINGS USA REGD V/R 7.66000000</title>
        <cusip>80282KBH8</cusip>
        <identifiers>
          <isin value="US80282KBH86"/>
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        <balance>915000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1007024.83000000</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>2031-11-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.66000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EATON CORP 4.15% 11/02/42</name>
        <lei>N/A</lei>
        <title>EATON CORP REGD 4.15000000</title>
        <cusip>278062AE4</cusip>
        <identifiers>
          <isin value="US278062AE43"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96029.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARCHROCK PARTNE 6.25% 04/01/28</name>
        <lei>N/A</lei>
        <title>ARCHROCK PARTNERS LP/FIN REGD 144A P/P 6.25000000</title>
        <cusip>03959KAC4</cusip>
        <identifiers>
          <isin value="US03959KAC45"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84913.58000000</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>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA P#667703 5.5% 05/15/37</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#667703 5.50000000</title>
        <cusip>36295DX87</cusip>
        <identifiers>
          <isin value="US36295DX877"/>
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        <balance>6595.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6727.30000000</valUSD>
        <pctVal>0.000413615109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</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>
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      <invstOrSec>
        <name>PIEDMONT OPERAT 2.75% 04/01/32</name>
        <lei>N/A</lei>
        <title>PIEDMONT OPERATING PARTN REGD 2.75000000</title>
        <cusip>720198AF7</cusip>
        <identifiers>
          <isin value="US720198AF73"/>
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        <balance>765000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>614556.64000000</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>2032-04-01</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>
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      <invstOrSec>
        <name>DIRECTV FIN LL 5.875% 08/15/27</name>
        <lei>N/A</lei>
        <title>DIRECTV FIN LLC/COINC REGD 144A P/P 5.87500000</title>
        <cusip>25461LAA0</cusip>
        <identifiers>
          <isin value="US25461LAA08"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108309.48000000</valUSD>
        <pctVal>0.006659200187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NUTRIEN LTD 4.9% 06/01/43</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>NUTRIEN LTD REGD 4.90000000</title>
        <cusip>67077MAR9</cusip>
        <identifiers>
          <isin value="US67077MAR97"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21890.02000000</valUSD>
        <pctVal>0.001345865803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOSTON PROPERTI 2.45% 10/01/33</name>
        <lei>N/A</lei>
        <title>BOSTON PROPERTIES LP REGD 2.45000000</title>
        <cusip>10112RBF0</cusip>
        <identifiers>
          <isin value="US10112RBF01"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19574.87000000</valUSD>
        <pctVal>0.001203523255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DEVON ENERGY CO 4.75% 05/15/42</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>DEVON ENERGY CORPORATION REGD 4.75000000</title>
        <cusip>25179MAN3</cusip>
        <identifiers>
          <isin value="US25179MAN39"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8050.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEO GROUP INC/ 10.25% 04/15/31</name>
        <lei>54930024XOXET7NQVZ63</lei>
        <title>GEO GROUP INC/THE REGD SER WI 10.25000000</title>
        <cusip>36162JAH9</cusip>
        <identifiers>
          <isin value="US36162JAH95"/>
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        <balance>270000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>296205.34000000</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>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.25000000</annualizedRt>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COM V/R 04/24/34</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R 5.38900000</title>
        <cusip>95000U3D3</cusip>
        <identifiers>
          <isin value="US95000U3D31"/>
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        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>325695.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.38900000</annualizedRt>
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      <invstOrSec>
        <name>UNITEDHEALTH GR 2.95% 10/15/27</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 2.95000000</title>
        <cusip>91324PDE9</cusip>
        <identifiers>
          <isin value="US91324PDE97"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48283.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>BNP PARIBAS V/R 03/01/33</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS REGD V/R 144A P/P MTN 4.37500000</title>
        <cusip>09659T2A8</cusip>
        <identifiers>
          <isin value="US09659T2A84"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194500.79000000</valUSD>
        <pctVal>0.011958507207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Variable</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>
        <name>CSX CORP 3.95% 05/01/50</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX CORP REGD 3.95000000</title>
        <cusip>126408HC0</cusip>
        <identifiers>
          <isin value="US126408HC00"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18956.50000000</valUSD>
        <pctVal>0.001165503964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
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        <name>PRPM 2022-NQM1 A V/R 09/25/26</name>
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        <lei>N/A</lei>
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        <name>IBRD 4% 07/25/30</name>
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        <lei>549300YSSXFHMPOWZ492</lei>
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        <cusip>26884UAF6</cusip>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FNMA 30YR TBA 4.5% JUN 25</name>
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          <maturityDt>2055-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREAS BDS 4.75% 11/15/43</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.75000000</title>
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          <isin value="US912810TW80"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-11-15</maturityDt>
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      <invstOrSec>
        <name>KINDER MORGAN I 5.55% 06/01/45</name>
        <lei>549300WR7IX8XE0TBO16</lei>
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        <cusip>49456BAH4</cusip>
        <identifiers>
          <isin value="US49456BAH42"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45854.11000000</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>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENBRIDGE INC 5.95% 04/05/54</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC REGD 5.95000000</title>
        <cusip>29250NCD5</cusip>
        <identifiers>
          <isin value="US29250NCD57"/>
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        <balance>955000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>913719.62000000</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>2054-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS NTS 4.25% 01/31/30</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
        <cusip>91282CMG3</cusip>
        <identifiers>
          <isin value="US91282CMG32"/>
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        <balance>614000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>621135.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JACK 2019-1A A 4.97% 08/25/29</name>
        <lei>N/A</lei>
        <title>JACK IN THE BOX FUNDING LLC SER 2019-1A CL A23 REGD 144A P/P 4.97000000</title>
        <cusip>466365AC7</cusip>
        <identifiers>
          <isin value="US466365AC73"/>
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        <balance>4260875.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4088704.97000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VISA INC 2.7% 04/15/40</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC REGD 2.70000000</title>
        <cusip>92826CAK8</cusip>
        <identifiers>
          <isin value="US92826CAK80"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18525.22000000</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>2040-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US TREAS BDS 4.125% 08/15/44</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.12500000</title>
        <cusip>912810UD8</cusip>
        <identifiers>
          <isin value="US912810UD80"/>
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        <balance>1248000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1118788.12000000</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>2044-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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 3.375% 05/15/33</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.37500000</title>
        <cusip>91282CHC8</cusip>
        <identifiers>
          <isin value="US91282CHC82"/>
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        <balance>1470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1381685.16000000</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>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#931368 4.5% 06/01/29</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#931368 4.50000000</title>
        <cusip>31412PW56</cusip>
        <identifiers>
          <isin value="US31412PW564"/>
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        <balance>1880.05000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1880.82000000</valUSD>
        <pctVal>0.000115638602</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>HP INC 4.75% 01/15/28</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP INC REGD 4.75000000</title>
        <cusip>40434LAM7</cusip>
        <identifiers>
          <isin value="US40434LAM72"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25080.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>ZEGONA FIN 6.75% 07/15/29/EUR/</name>
        <lei>N/A</lei>
        <title>ZEGONA FINANCE PLC /EUR/ REGD 144A P/P 6.75000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2859406212"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.88066931"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>FNA 2023-M2 3A2 V/R 04/25/32</name>
        <lei>N/A</lei>
        <title>FANNIE MAE-ACES SER 2023-M2 CL 3A2 V/R 1.97900000</title>
        <cusip>3136BPWE7</cusip>
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          <isin value="US3136BPWE72"/>
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        <valUSD>1732281.74000000</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>2032-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>GFL ENVIRONMENT 6.75% 01/15/31</name>
        <lei>549300FYK4MBXWIVZU26</lei>
        <title>GFL ENVIRONMENTAL INC REGD 144A P/P 6.75000000</title>
        <cusip>36168QAQ7</cusip>
        <identifiers>
          <isin value="US36168QAQ73"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>316753.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>RESIDEO FUNDING  6.5% 07/15/32</name>
        <lei>N/A</lei>
        <title>RESIDEO FUNDING INC REGD 144A P/P 6.50000000</title>
        <cusip>76119LAD3</cusip>
        <identifiers>
          <isin value="US76119LAD38"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111028.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTPAC BANKING 2.15% 06/03/31</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>WESTPAC BANKING CORP REGD 2.15000000</title>
        <cusip>961214ET6</cusip>
        <identifiers>
          <isin value="US961214ET65"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43913.64000000</valUSD>
        <pctVal>0.002699945745</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>VERIZON COMMUNI 1.75% 01/20/31</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 1.75000000</title>
        <cusip>92343VFR0</cusip>
        <identifiers>
          <isin value="US92343VFR06"/>
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        <balance>145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>123565.44000000</valUSD>
        <pctVal>0.007597183563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSX CORP 3.8% 04/15/50</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX CORP REGD 3.80000000</title>
        <cusip>126408HS5</cusip>
        <identifiers>
          <isin value="US126408HS51"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18536.28000000</valUSD>
        <pctVal>0.001139667545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>T/L MODIVCARE INC 0% 01/09/26</name>
        <lei>N/A</lei>
        <title>T/L MODIVCARE INC.REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX257574"/>
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        <balance>141194.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109778.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.70759000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CIGNA GROUP/THE 4.8% 08/15/38</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CIGNA GROUP/THE REGD SER WI 4.80000000</title>
        <cusip>125523AJ9</cusip>
        <identifiers>
          <isin value="US125523AJ93"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45672.58000000</valUSD>
        <pctVal>0.002808090790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PFIZER INVESTMEN 5.3% 05/19/53</name>
        <lei>N/A</lei>
        <title>PFIZER INVESTMENT ENTER REGD 5.30000000</title>
        <cusip>716973AG7</cusip>
        <identifiers>
          <isin value="US716973AG71"/>
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        <balance>1095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001596.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</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>PFIZER INC 1.7% 05/28/30</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>PFIZER INC REGD 1.70000000</title>
        <cusip>717081EY5</cusip>
        <identifiers>
          <isin value="US717081EY56"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122665.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</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>ANHEUSER-BUSCH  4.95% 01/15/42</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH INBEV WOR REGD 4.95000000</title>
        <cusip>035240AG5</cusip>
        <identifiers>
          <isin value="US035240AG57"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23148.45000000</valUSD>
        <pctVal>0.001423237952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-15</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>
      <invstOrSec>
        <name>UNITEDHEALTH GR 4.25% 06/15/48</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 4.25000000</title>
        <cusip>91324PDL3</cusip>
        <identifiers>
          <isin value="US91324PDL31"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19299.59000000</valUSD>
        <pctVal>0.001186598193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-15</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>
      <invstOrSec>
        <name>AMERICAN HONDA F 2.3% 09/09/26</name>
        <lei>N/A</lei>
        <title>AMERICAN HONDA FINANCE REGD MTN SER GMTN 2.30000000</title>
        <cusip>02665WBH3</cusip>
        <identifiers>
          <isin value="US02665WBH34"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97189.73000000</valUSD>
        <pctVal>0.005975523732</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>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>DEUTSCHE BANK NY V/R 01/07/33</name>
        <lei>N/A</lei>
        <title>DEUTSCHE BANK NY REGD V/R 3.74200000</title>
        <cusip>25160PAG2</cusip>
        <identifiers>
          <isin value="US25160PAG28"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>175923.72000000</valUSD>
        <pctVal>0.010816331766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-07</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.74200000</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>DIVERSIFIED GAS 9.75% 04/09/29</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED GAS &amp; OIL CO REGD 9.75000000</title>
        <cusip>255224AA5</cusip>
        <identifiers>
          <isin value="NO0013513606"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1939265.70000000</valUSD>
        <pctVal>0.119232023941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</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>
        <name>UMBS P#ZT1403 3.5% 11/01/33</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#ZT1403 3.50000000</title>
        <cusip>3132ADRY6</cusip>
        <identifiers>
          <isin value="US3132ADRY66"/>
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        <balance>23781.84000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23283.00000000</valUSD>
        <pctVal>0.001431510500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIMON PROPERTY G 2.2% 02/01/31</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP LP REGD 2.20000000</title>
        <cusip>828807DM6</cusip>
        <identifiers>
          <isin value="US828807DM67"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21875.56000000</valUSD>
        <pctVal>0.001344976757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>2.20000000</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>COTERRA ENERGY 4.375% 03/15/29</name>
        <lei>FCNMH6O7VWU7LHXMK351</lei>
        <title>COTERRA ENERGY INC REGD SER WI 4.37500000</title>
        <cusip>127097AK9</cusip>
        <identifiers>
          <isin value="US127097AK92"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>147635.68000000</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>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#MA3088 4% 08/01/47</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA3088 4.00000000</title>
        <cusip>31418CNE0</cusip>
        <identifiers>
          <isin value="US31418CNE02"/>
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        <balance>5734.76000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5354.69000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</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>CHEMOURS CO 5.75% 11/15/28</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CHEMOURS CO REGD 144A P/P 5.75000000</title>
        <cusip>163851AF5</cusip>
        <identifiers>
          <isin value="US163851AF58"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210670.36000000</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>2028-11-15</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>
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      <invstOrSec>
        <name>BLUE RACER MID  7.25% 07/15/32</name>
        <lei>N/A</lei>
        <title>BLUE RACER MID LLC/FINAN REGD 144A P/P 7.25000000</title>
        <cusip>095796AK4</cusip>
        <identifiers>
          <isin value="US095796AK46"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145253.22000000</valUSD>
        <pctVal>0.008930615028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>BOEING CO 2.7% 02/01/27</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO REGD 2.70000000</title>
        <cusip>097023CM5</cusip>
        <identifiers>
          <isin value="US097023CM50"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67790.49000000</valUSD>
        <pctVal>0.004167967971</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>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>GENERAL MOTORS  5.95% 04/04/34</name>
        <lei>N/A</lei>
        <title>GENERAL MOTORS FINL CO REGD 5.95000000</title>
        <cusip>37045XEV4</cusip>
        <identifiers>
          <isin value="US37045XEV47"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49614.53000000</valUSD>
        <pctVal>0.003050454008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>549300Y22K5FOEBMSK42</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#CA2208 4.5% 08/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA2208 4.50000000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILIP MORRIS IN 2.1% 05/01/30</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL INC REGD 2.10000000</title>
        <cusip>718172CP2</cusip>
        <identifiers>
          <isin value="US718172CP24"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MEDTRONIC INC 4.625% 03/15/45</name>
        <lei>N/A</lei>
        <title>MEDTRONIC INC REGD SER WI 4.62500000</title>
        <cusip>585055BU9</cusip>
        <identifiers>
          <isin value="US585055BU98"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASIAN DEVELOPM 3.625% 08/28/29</name>
        <lei>549300X0MVH42CY8Q105</lei>
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        <cusip>045167GH0</cusip>
        <identifiers>
          <isin value="US045167GH09"/>
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        <curCd>USD</curCd>
        <valUSD>197265.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>UNITEDHEALTH G 3.125% 05/15/60</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <cusip>91324PEA6</cusip>
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          <isin value="US91324PEA66"/>
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        <curCd>USD</curCd>
        <valUSD>28863.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CINEMARK USA IN 5.25% 07/15/28</name>
        <lei>N/A</lei>
        <title>CINEMARK USA INC REGD 144A P/P 5.25000000</title>
        <cusip>172441BF3</cusip>
        <identifiers>
          <isin value="US172441BF30"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64165.28000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4603 2.5% 05/01/37</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4603 2.50000000</title>
        <cusip>31418EDH0</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>2188556.15000000</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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        <name>US TREAS NTS 4.25% 02/28/31</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
        <cusip>91282CKC4</cusip>
        <identifiers>
          <isin value="US91282CKC46"/>
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        <balance>1345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1357189.06000000</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>2031-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WALMART INC 2.95% 09/24/49</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WALMART INC REGD 2.95000000</title>
        <cusip>931142EP4</cusip>
        <identifiers>
          <isin value="US931142EP44"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16337.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP INC V/R 05/24/28</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <cusip>172967NS6</cusip>
        <identifiers>
          <isin value="US172967NS68"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>ATHENE HOLDING  6.25% 04/01/54</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>ATHENE HOLDING LTD REGD 6.25000000</title>
        <cusip>04686JAH4</cusip>
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          <isin value="US04686JAH41"/>
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        <valUSD>47745.45000000</valUSD>
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        <name>SABRA HEALTH C 5.125% 08/15/26</name>
        <lei>N/A</lei>
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        <name>SHIFT4 PAYMENTS 6.75% 08/15/32</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FLORIDA ST BRD 5.526% 07/01/34</name>
        <lei>549300S34SOJ0RULXM35</lei>
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        <cusip>341271AH7</cusip>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BM2006 4% 01/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BM2006 4.00000000</title>
        <cusip>3140J6GQ4</cusip>
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          <isin value="US3140J6GQ47"/>
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        <issuerCat>USGSE</issuerCat>
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          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SOCIETE GENERALE V/R 01/19/35</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE REGD V/R 144A P/P 6.06600000</title>
        <cusip>83368RBX9</cusip>
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          <isin value="US83368RBX98"/>
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        <balance>540000.00000000</balance>
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        <valUSD>547475.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.06600000</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>ENERGY TRANSFER  5.8% 06/15/38</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD SER 20Y 5.80000000</title>
        <cusip>29278NAD5</cusip>
        <identifiers>
          <isin value="US29278NAD57"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24448.70000000</valUSD>
        <pctVal>0.001503181324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</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>ONEOK INC 5.15% 10/15/43</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 5.15000000</title>
        <cusip>682680BV4</cusip>
        <identifiers>
          <isin value="US682680BV46"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21494.93000000</valUSD>
        <pctVal>0.001321574453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANHEUSER-BUSCH C 4.7% 02/01/36</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH CO/INBEV REGD SER * 4.70000000</title>
        <cusip>03522AAH3</cusip>
        <identifiers>
          <isin value="US03522AAH32"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119885.35000000</valUSD>
        <pctVal>0.007370920303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</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>REPUBLIC OF PANA 6.4% 02/14/35</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PANAMA REGD 6.40000000</title>
        <cusip>698299BT0</cusip>
        <identifiers>
          <isin value="US698299BT07"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>709125.00000000</valUSD>
        <pctVal>0.043599187557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</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>AMAZON.COM INC 4.1% 04/13/62</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 4.10000000</title>
        <cusip>023135CK0</cusip>
        <identifiers>
          <isin value="US023135CK04"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19100.36000000</valUSD>
        <pctVal>0.001174348920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-04-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</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>TEVA PHARMACEU 8.125% 09/15/31</name>
        <lei>N/A</lei>
        <title>TEVA PHARMACEUTICALS NE REGD SER . 8.12500000</title>
        <cusip>88167AAR2</cusip>
        <identifiers>
          <isin value="US88167AAR23"/>
        </identifiers>
        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194890.68000000</valUSD>
        <pctVal>0.011982478844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHELL FINANCE  4.375% 05/11/45</name>
        <lei>N/A</lei>
        <title>SHELL FINANCE US IN REGD SER * 4.37500000</title>
        <cusip>822905AA3</cusip>
        <identifiers>
          <isin value="US822905AA35"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>115585.60000000</valUSD>
        <pctVal>0.007106558439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-11</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>BLACKSTONE PRI 2.625% 12/15/26</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>BLACKSTONE PRIVATE CRE REGD SER WI 2.62500000</title>
        <cusip>09261HAD9</cusip>
        <identifiers>
          <isin value="US09261HAD98"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48179.90000000</valUSD>
        <pctVal>0.002962248540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHRY 2025-1A A 6.13% 07/17/28</name>
        <lei>N/A</lei>
        <title>CHERRY SECURITIZATION TRUST 2025-1 SER 2025-1A CL A REGD 144A P/P 6.13000000</title>
        <cusip>16473RAA2</cusip>
        <identifiers>
          <isin value="US16473RAA23"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1765437.45000000</valUSD>
        <pctVal>0.108544528119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.13000000</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>REPUBLICA ORIE 5.442% 02/14/37</name>
        <lei>N/A</lei>
        <title>REPUBLICA ORIENT URUGUAY REGD 5.44200000</title>
        <cusip>760942BH4</cusip>
        <identifiers>
          <isin value="US760942BH42"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50258.50000000</valUSD>
        <pctVal>0.003090047266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.44200000</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 4.25% 11/15/34</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
        <cusip>91282CLW9</cusip>
        <identifiers>
          <isin value="US91282CLW90"/>
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        <balance>18313500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18100319.51000000</valUSD>
        <pctVal>1.112863352951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</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>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>
        <identifiers>
          <isin value="US902613AJ70"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>241437.10000000</valUSD>
        <pctVal>0.014844296007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2173-08-12</maturityDt>
          <couponKind>Variable</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>
      <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>
        <identifiers>
          <isin value="US59523UAV98"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24897.84000000</valUSD>
        <pctVal>0.001530795834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</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>PIONEER NATURAL  1.9% 08/15/30</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
        <title>PIONEER NATURAL RESOURCE REGD 1.90000000</title>
        <cusip>723787AQ0</cusip>
        <identifiers>
          <isin value="US723787AQ06"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43749.80000000</valUSD>
        <pctVal>0.002689872357</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>1.90000000</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>GLP CAPITAL LP / 5.3% 01/15/29</name>
        <lei>N/A</lei>
        <title>GLP CAPITAL LP / FIN II REGD 5.30000000</title>
        <cusip>361841AL3</cusip>
        <identifiers>
          <isin value="US361841AL38"/>
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        <balance>87000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87201.67000000</valUSD>
        <pctVal>0.005361427062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</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>FISERV INC 2.65% 06/01/30</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISERV INC REGD 2.65000000</title>
        <cusip>337738BC1</cusip>
        <identifiers>
          <isin value="US337738BC18"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22579.51000000</valUSD>
        <pctVal>0.001388257770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</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>
      <invstOrSec>
        <name>NNN REIT INC 3.1% 04/15/50</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>NNN REIT INC REGD 3.10000000</title>
        <cusip>637417AP1</cusip>
        <identifiers>
          <isin value="US637417AP15"/>
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        <balance>124000.00000000</balance>
        <units>PA</units>
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        <name>AMGEN INC 2.45% 02/21/30</name>
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        <name>HONEYWELL INTER 5.25% 03/01/54</name>
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      <invstOrSec>
        <name>CLEVELAND-CLIF 4.875% 03/01/31</name>
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        <name>CREDIT SUISSE  7.125% 07/15/32</name>
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      <invstOrSec>
        <name>ROYAL BANK OF CA 1.4% 11/02/26</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <name>T-MOBILE USA I 2.625% 02/15/29</name>
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        <name>GRADE 2023-FIG3  V/R 08/25/53</name>
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      <invstOrSec>
        <name>ERP OPERATING L 4.15% 12/01/28</name>
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        <name>WELLS FARGO &amp;  5.375% 11/02/43</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <name>FGLMC P#A96286 4% 01/01/41</name>
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        <name>AVALONBAY COMMUNIT 5% 02/15/33</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
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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>
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        <name>CITIGROUP INC 4.3% 11/20/26</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>FEDEX CORP 4.75% 11/15/45</name>
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      <invstOrSec>
        <name>MARKEL GROUP INC 5% 04/05/46</name>
        <lei>549300SCNO12JLWIK605</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>WESTLAKE CORP 3.125% 08/15/51</name>
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        <name>PMNBT 2025-1A  6.12% 04/16/29</name>
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        <name>AMERICAN EXPRESS  V/R 01/30/36</name>
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        <name>HCA INC 5.2% 06/01/28</name>
        <lei>N/A</lei>
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        <name>TOYOTA MOTOR CRE 1.9% 01/13/27</name>
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        <name>TRANSCANADA PIPE 5.1% 03/15/49</name>
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        <name>PETROLEOS MEXIC 5.35% 02/12/28</name>
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      <invstOrSec>
        <name>GNMA II P#MA6865 2.5% 09/20/50</name>
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      <invstOrSec>
        <name>INTERCONTINENTALEX 3% 06/15/50</name>
        <lei>5493000F4ZO33MV32P92</lei>
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      <invstOrSec>
        <name>UMBS P#MA3240 4.5% 01/01/48</name>
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      <invstOrSec>
        <name>ELEVANCE HEALTH  3.6% 03/15/51</name>
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        <cusip>036752AS2</cusip>
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      <invstOrSec>
        <name>UMBS P#MA3657 3% 05/01/34</name>
        <lei>N/A</lei>
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        <name>CHEVRON USA IN 2.343% 08/12/50</name>
        <lei>N/A</lei>
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        <name>EATON CORP 4.7% 08/23/52</name>
        <lei>N/A</lei>
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        <cusip>278062AJ3</cusip>
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        <name>META PLATFORMS I 5.4% 08/15/54</name>
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        <cusip>30303M8V7</cusip>
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        <name>SOUTHERN CAL ED 3.65% 06/01/51</name>
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          <isin value="US842400HF31"/>
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        <name>REPUBLIC OF SOUT 7.1% 11/19/36</name>
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        <name>ALTRIA GROUP IN 2.45% 02/04/32</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
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        <name>KINROSS GOLD CO 6.25% 07/15/33</name>
        <lei>549300UEBMAQDN0K0R06</lei>
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        <name>US TREAS NTS 2.875% 05/15/32</name>
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        <issuerCat>UST</issuerCat>
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        <name>REPUBLIC OF CHIL 3.5% 01/25/50</name>
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        <title>REPUBLIC OF CHILE REGD 3.50000000</title>
        <cusip>168863DL9</cusip>
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        <valUSD>139460.00000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COM V/R 07/25/34</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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          <isin value="US95000U3F88"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <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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        <identifiers>
          <isin value="US72650RBL50"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149779.86000000</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>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>
        <identifiers>
          <isin value="US95000U2Z51"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>164343.03000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMP 3% 10/23/26</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD 3.00000000</title>
        <cusip>949746SH5</cusip>
        <identifiers>
          <isin value="US949746SH57"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>734844.98000000</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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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>DUKE ENERGY FLOR 6.4% 06/15/38</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY FLORIDA LLC REGD 6.40000000</title>
        <cusip>341099CL1</cusip>
        <identifiers>
          <isin value="US341099CL11"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26890.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <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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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25852.33000000</valUSD>
        <pctVal>0.001589480817</pctVal>
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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>5.75000000</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>JPMORGAN CHASE &amp;  V/R 10/22/27</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO REGD V/R 6.07000000</title>
        <cusip>46647PDW3</cusip>
        <identifiers>
          <isin value="US46647PDW32"/>
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        <balance>464000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473686.02000000</valUSD>
        <pctVal>0.029123674428</pctVal>
        <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>
          <annualizedRt>6.07000000</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>HSBC HOLDINGS PLC V/R 03/09/44</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC REGD V/R 6.33200000</title>
        <cusip>404280DW6</cusip>
        <identifiers>
          <isin value="US404280DW61"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209749.99000000</valUSD>
        <pctVal>0.012896074957</pctVal>
        <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>
          <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>PPL ELECTRIC UT 4.85% 02/15/34</name>
        <lei>N/A</lei>
        <title>PPL ELECTRIC UTILITIES REGD 4.85000000</title>
        <cusip>69351UBC6</cusip>
        <identifiers>
          <isin value="US69351UBC62"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24619.47000000</valUSD>
        <pctVal>0.001513680789</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>
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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>BOOST NEWCO BORR 7.5% 01/15/31</name>
        <lei>N/A</lei>
        <title>BOOST NEWCO BORROWER LLC REGD 144A P/P 7.50000000</title>
        <cusip>36268NAA8</cusip>
        <identifiers>
          <isin value="US36268NAA81"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211760.40000000</valUSD>
        <pctVal>0.013019681151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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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 6.11108000</title>
        <cusip>50184VAS3</cusip>
        <identifiers>
          <isin value="US50184VAS34"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001374.00000000</valUSD>
        <pctVal>0.061567555566</pctVal>
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        <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>6.11108000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>481056.39000000</valUSD>
        <pctVal>0.029576827460</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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          <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>60881.03000000</valUSD>
        <pctVal>0.003743153105</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>2051-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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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>
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        <curCd>USD</curCd>
        <valUSD>120416.22000000</valUSD>
        <pctVal>0.007403559824</pctVal>
        <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>1.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <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>22443.12000000</valUSD>
        <pctVal>0.001379872093</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>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</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>STATE STREET CORP V/R /PERP/</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STATE STREET CORP REGD V/R /PERP/ SER I 6.70000000</title>
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        <identifiers>
          <isin value="US857477CH48"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153295.80000000</valUSD>
        <pctVal>0.009425097600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>6.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US95040QAN43"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22949.95000000</valUSD>
        <pctVal>0.001411033561</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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        <name>LYB INT FINANCE 6.15% 05/15/35</name>
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        <lei>NKNQHM6BLECKVOQP7O46</lei>
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        <cusip>760759AS9</cusip>
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        <invCountry>MX</invCountry>
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        <invCountry>EG</invCountry>
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        <name>DOW CHEMICAL CO 5.25% 11/15/41</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTERGY MISSISSI 5.8% 04/15/55</name>
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        <title>ENTERGY MISSISSIPPI LLC REGD 5.80000000</title>
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        <identifiers>
          <isin value="US29366WAG15"/>
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        <curCd>USD</curCd>
        <valUSD>459105.27000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SAN DIEGO G &amp; E 5.35% 04/01/53</name>
        <lei>N/A</lei>
        <title>SAN DIEGO G &amp; E REGD 5.35000000</title>
        <cusip>797440CD4</cusip>
        <identifiers>
          <isin value="US797440CD44"/>
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        <curCd>USD</curCd>
        <valUSD>108641.81000000</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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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HILTON DOMESTIC 5.75% 05/01/28</name>
        <lei>N/A</lei>
        <title>HILTON DOMESTIC OPERATIN REGD 144A P/P 5.75000000</title>
        <cusip>432833AH4</cusip>
        <identifiers>
          <isin value="US432833AH41"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80318.16000000</valUSD>
        <pctVal>0.004938207681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</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>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>79965.25000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70844.67000000</valUSD>
        <pctVal>0.004355748358</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>
          <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>US TREAS NTS 3.125% 08/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.12500000</title>
        <cusip>91282CFJ5</cusip>
        <identifiers>
          <isin value="US91282CFJ53"/>
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        <balance>930000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>900138.28000000</valUSD>
        <pctVal>0.055343271915</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>3.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LGI HOMES INC 8.75% 12/15/28</name>
        <lei>549300W02B4WNV8CV109</lei>
        <title>LGI HOMES INC REGD 144A P/P 8.75000000</title>
        <cusip>50187TAH9</cusip>
        <identifiers>
          <isin value="US50187TAH95"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61781.28000000</valUSD>
        <pctVal>0.003798503245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</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>
        <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 4.74664200</title>
        <cusip>12592RBM0</cusip>
        <identifiers>
          <isin value="US12592RBM07"/>
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        <balance>45.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45.07000000</valUSD>
        <pctVal>0.000002771042</pctVal>
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        <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>4.74664200</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>CRESCENT ENERGY 9.25% 02/15/28</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>CRESCENT ENERGY FINANCE REGD 144A P/P 9.25000000</title>
        <cusip>45344LAC7</cusip>
        <identifiers>
          <isin value="US45344LAC72"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>258445.50000000</valUSD>
        <pctVal>0.015890024788</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>9.25000000</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>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>88598.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>88666.75000000</valUSD>
        <pctVal>0.005451504690</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>
          <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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>1482643.43000000</valUSD>
        <pctVal>0.091157481382</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>
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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>ASIAN INFRASTRUC 4.5% 01/16/30</name>
        <lei>25490065OSV2524LCR32</lei>
        <title>ASIAN INFRASTRUCTURE INV REGD 4.50000000</title>
        <cusip>04522KAP1</cusip>
        <identifiers>
          <isin value="US04522KAP12"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203951.70000000</valUSD>
        <pctVal>0.012539578242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-16</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>27109.27000000</valUSD>
        <pctVal>0.001666761356</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>
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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>
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        <identifiers>
          <isin value="US36179TUB96"/>
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        <balance>130210.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120692.87000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>
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        <curCd>USD</curCd>
        <valUSD>22024.08000000</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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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BAT CAPITAL COR 6.25% 08/15/55</name>
        <lei>N/A</lei>
        <title>BAT CAPITAL CORP REGD 6.25000000</title>
        <cusip>05526DCD5</cusip>
        <identifiers>
          <isin value="US05526DCD57"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757732.29000000</valUSD>
        <pctVal>0.046587713350</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <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>
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          <isin value="US3138WJND67"/>
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        <balance>239641.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210479.46000000</valUSD>
        <pctVal>0.012940925018</pctVal>
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        <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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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#MA3276 3.5% 02/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA3276 3.50000000</title>
        <cusip>31418CUA0</cusip>
        <identifiers>
          <isin value="US31418CUA07"/>
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        <balance>190955.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172444.58000000</valUSD>
        <pctVal>0.010602423531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA3521 3.5% 03/20/46</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T INC 4.5% 03/09/48</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANCO SANTANDE 5.588% 08/08/28</name>
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        <cusip>05964HAU9</cusip>
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          <isin value="US05964HAU95"/>
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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#MA3444 4.5% 08/01/48</name>
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          <isin value="US31418CZJ60"/>
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        <curCd>USD</curCd>
        <valUSD>66791.19000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PUBLIC SERVICE E 4.9% 12/15/32</name>
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        <identifiers>
          <isin value="US74456QCK04"/>
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        <curCd>USD</curCd>
        <valUSD>186272.46000000</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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        <name>CHARLES SCHWAB COR 2% 03/20/28</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <cusip>808513BP9</cusip>
        <identifiers>
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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>2028-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GEORGIA POWER  5.004% 02/23/27</name>
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          <isin value="US373334KV25"/>
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        <curCd>USD</curCd>
        <valUSD>50663.33000000</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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        <name>COMISION FEDER 3.348% 02/09/31</name>
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        <identifiers>
          <isin value="US200447AH32"/>
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        <curCd>USD</curCd>
        <valUSD>1295212.65000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>VAR ENERGI ASA 6.5% 05/22/35</name>
        <lei>N/A</lei>
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        <cusip>92212WAG5</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NAVSL 2017-3A A3 V/R 09/25/29</name>
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        <cusip>63940JAC3</cusip>
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          <isin value="US63940JAC36"/>
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        <curCd>USD</curCd>
        <valUSD>905229.12000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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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>
        <cusip>10373QBL3</cusip>
        <identifiers>
          <isin value="US10373QBL32"/>
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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>PFIZER INVESTME 4.45% 05/19/26</name>
        <lei>N/A</lei>
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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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        <name>GNMA P#731669 5% 09/15/40</name>
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          <couponKind>Fixed</couponKind>
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        <name>ROGERS COMMUNICA 3.2% 03/15/27</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
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        <curCd>USD</curCd>
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        <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>UMBS P#SB8346 4% 12/01/39</name>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>ENTERPRISE PROD 4.15% 10/16/28</name>
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        <title>ENTERPRISE PRODUCTS OPER REGD 4.15000000</title>
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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>FORD MOTOR CREDI 5.8% 03/05/27</name>
        <lei>N/A</lei>
        <title>FORD MOTOR CREDIT CO LLC REGD 5.80000000</title>
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          <isin value="US345397D831"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199796.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RADIAN GROUP I 4.875% 03/15/27</name>
        <lei>54930005OUP720S5U385</lei>
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        <cusip>750236AW1</cusip>
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          <isin value="US750236AW16"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24956.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 01/23/35</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GMA4</cusip>
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          <isin value="US06051GMA49"/>
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        <balance>355000.00000000</balance>
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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>2035-01-23</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EBAY INC 1.4% 05/10/26</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>EBAY INC REGD 1.40000000</title>
        <cusip>278642AX1</cusip>
        <identifiers>
          <isin value="US278642AX15"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48558.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOLVAY FINANCE  5.85% 06/04/34</name>
        <lei>N/A</lei>
        <title>SOLVAY FINANCE (AMERICA) REGD 144A P/P 5.85000000</title>
        <cusip>834423AF2</cusip>
        <identifiers>
          <isin value="US834423AF20"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>883281.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA II P#MA8877 4.5% 05/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8877 4.50000000</title>
        <cusip>36179X2J4</cusip>
        <identifiers>
          <isin value="US36179X2J42"/>
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        <balance>3604662.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3415888.65000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FKH 2021-SFR1 3.238% 08/17/26</name>
        <lei>N/A</lei>
        <title>FIRSTKEY HOMES 2021-SFR1 TRUST SER 2021-SFR1 CL F1 REGD 144A P/P 3.23800000</title>
        <cusip>33767WAN3</cusip>
        <identifiers>
          <isin value="US33767WAN39"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2414466.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.23800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AERCAP IRELAND  6.45% 04/15/27</name>
        <lei>N/A</lei>
        <title>AERCAP IRELAND CAP/GLOBA REGD 6.45000000</title>
        <cusip>00774MBG9</cusip>
        <identifiers>
          <isin value="US00774MBG96"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154386.97000000</valUSD>
        <pctVal>0.009492186090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NGL ENRGY OP/F 8.125% 02/15/29</name>
        <lei>N/A</lei>
        <title>NGL ENRGY OP/FIN CORP REGD 144A P/P 8.12500000</title>
        <cusip>62922LAC2</cusip>
        <identifiers>
          <isin value="US62922LAC28"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97463.92000000</valUSD>
        <pctVal>0.005992381777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>TOYOTA MOTOR CR 4.45% 05/18/26</name>
        <lei>N/A</lei>
        <title>TOYOTA MOTOR CREDIT CORP REGD 4.45000000</title>
        <cusip>89236TKT1</cusip>
        <identifiers>
          <isin value="US89236TKT15"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100049.63000000</valUSD>
        <pctVal>0.006151359186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</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>BNP PARIBAS 4.4% 08/14/28</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS REGD 144A P/P 4.40000000</title>
        <cusip>09659W2F0</cusip>
        <identifiers>
          <isin value="US09659W2F00"/>
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        <balance>950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>940317.93000000</valUSD>
        <pctVal>0.057813640463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ALEXANDRIA REA 5.625% 05/15/54</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ALEXANDRIA REAL ESTATE E REGD 5.62500000</title>
        <cusip>015271BD0</cusip>
        <identifiers>
          <isin value="US015271BD04"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22474.77000000</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>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHENIERE CORP  5.125% 06/30/27</name>
        <lei>N/A</lei>
        <title>CHENIERE CORP CHRISTI HD REGD 5.12500000</title>
        <cusip>16412XAG0</cusip>
        <identifiers>
          <isin value="US16412XAG07"/>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72555.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>FLORIDA POWER  2.875% 12/04/51</name>
        <lei>N/A</lei>
        <title>FLORIDA POWER &amp; LIGHT CO REGD 2.87500000</title>
        <cusip>341081GE1</cusip>
        <identifiers>
          <isin value="US341081GE16"/>
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        <balance>122000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74765.16000000</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>2051-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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      <invstOrSec>
        <name>MPLX LP 4.95% 03/14/52</name>
        <lei>N/A</lei>
        <title>MPLX LP REGD 4.95000000</title>
        <cusip>55336VBT6</cusip>
        <identifiers>
          <isin value="US55336VBT61"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40302.38000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AEP TRANSMISSION 4.5% 06/15/52</name>
        <lei>N/A</lei>
        <title>AEP TRANSMISSION CO LLC REGD SER O 4.50000000</title>
        <cusip>00115AAP4</cusip>
        <identifiers>
          <isin value="US00115AAP49"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52790.56000000</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>2052-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANCO SANTANDER M V/R 10/01/28</name>
        <lei>N/A</lei>
        <title>BANCO SANTANDER MEXICO REGD V/R 144A P/P 7.52500000</title>
        <cusip>05969BAC7</cusip>
        <identifiers>
          <isin value="US05969BAC72"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>842775.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.52500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US BANCORP V/R 02/01/34</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP REGD V/R 4.83900000</title>
        <cusip>91159HJL5</cusip>
        <identifiers>
          <isin value="US91159HJL50"/>
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        <balance>1415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1370962.75000000</valUSD>
        <pctVal>0.084291009442</pctVal>
        <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>Variable</couponKind>
          <annualizedRt>4.83900000</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#RJ0707 6.5% 01/01/54</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#RJ0707 6.50000000</title>
        <cusip>3142GQYD8</cusip>
        <identifiers>
          <isin value="US3142GQYD85"/>
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        <balance>547011.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>567065.60000000</valUSD>
        <pctVal>0.034864938412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</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>KINDER MORGAN IN 3.6% 02/15/51</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN INC REGD 3.60000000</title>
        <cusip>49456BAT8</cusip>
        <identifiers>
          <isin value="US49456BAT89"/>
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        <balance>82000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54413.74000000</valUSD>
        <pctVal>0.003345524210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-15</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>WALMART INC 1.8% 09/22/31</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WALMART INC REGD 1.80000000</title>
        <cusip>931142ET6</cusip>
        <identifiers>
          <isin value="US931142ET65"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34440.65000000</valUSD>
        <pctVal>0.002117517164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.80000000</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>REALTY INCOME  5.375% 09/01/54</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>REALTY INCOME CORP REGD 5.37500000</title>
        <cusip>756109CQ5</cusip>
        <identifiers>
          <isin value="US756109CQ54"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84143.84000000</valUSD>
        <pctVal>0.005173422262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>US TREAS NTS 1.25% 06/30/28</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 1.25000000</title>
        <cusip>91282CCH2</cusip>
        <identifiers>
          <isin value="US91282CCH25"/>
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        <balance>1900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1756015.63000000</valUSD>
        <pctVal>0.107965245627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</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>DUKE ENERGY FLOR 2.5% 12/01/29</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY FLORIDA LLC REGD 2.50000000</title>
        <cusip>26444HAH4</cusip>
        <identifiers>
          <isin value="US26444HAH49"/>
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        <balance>145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>133701.66000000</valUSD>
        <pctVal>0.008220389566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARTER COMM OP 5.25% 04/01/53</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD 5.25000000</title>
        <cusip>161175CK8</cusip>
        <identifiers>
          <isin value="US161175CK86"/>
        </identifiers>
        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>341682.37000000</valUSD>
        <pctVal>0.021007683743</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>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>
      <invstOrSec>
        <name>BANK OF AMERICA C V/R 04/27/33</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP REGD V/R 4.57100000</title>
        <cusip>06051GKQ1</cusip>
        <identifiers>
          <isin value="US06051GKQ19"/>
        </identifiers>
        <balance>1490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1444147.50000000</valUSD>
        <pctVal>0.088790633122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.57100000</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 HATHAW 4.4% 05/15/42</name>
        <lei>N/A</lei>
        <title>BERKSHIRE HATHAWAY FIN REGD 4.40000000</title>
        <cusip>084664BU4</cusip>
        <identifiers>
          <isin value="US084664BU46"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22566.17000000</valUSD>
        <pctVal>0.001387437586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</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>PNC FINANCIAL SER V/R 06/12/29</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC FINANCIAL SERVICES REGD V/R 5.58200000</title>
        <cusip>693475BR5</cusip>
        <identifiers>
          <isin value="US693475BR55"/>
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        <balance>420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>431942.79000000</valUSD>
        <pctVal>0.026557172170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.58200000</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#MA4261 3% 02/20/47</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4261 3.00000000</title>
        <cusip>36179SWW3</cusip>
        <identifiers>
          <isin value="US36179SWW33"/>
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        <balance>428846.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>378647.59000000</valUSD>
        <pctVal>0.023280419241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-20</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>
        <name>KEURIG DR PEPPER 3.8% 05/01/50</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>KEURIG DR PEPPER INC REGD 3.80000000</title>
        <cusip>49271VAK6</cusip>
        <identifiers>
          <isin value="US49271VAK61"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17902.42000000</valUSD>
        <pctVal>0.001100695881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-01</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>
        <name>DEERE &amp; COMPANY 3.75% 04/15/50</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>DEERE &amp; COMPANY REGD 3.75000000</title>
        <cusip>244199BK0</cusip>
        <identifiers>
          <isin value="US244199BK00"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18924.03000000</valUSD>
        <pctVal>0.001163507609</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>3.75000000</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>AVOLON HOLDINGS 5.15% 01/15/30</name>
        <lei>N/A</lei>
        <title>AVOLON HOLDINGS FNDG LTD REGD 144A P/P 5.15000000</title>
        <cusip>05401AAX9</cusip>
        <identifiers>
          <isin value="US05401AAX90"/>
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        <balance>1790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1783188.82000000</valUSD>
        <pctVal>0.109635936983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</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>GNMA II P#MA9100 2.5% 08/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA9100 2.50000000</title>
        <cusip>36179YDD3</cusip>
        <identifiers>
          <isin value="US36179YDD31"/>
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        <balance>5798607.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4867065.93000000</valUSD>
        <pctVal>0.299242193316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-20</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>CROWN CASTLE INC 2.5% 07/15/31</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INC REGD 2.50000000</title>
        <cusip>22822VAY7</cusip>
        <identifiers>
          <isin value="US22822VAY74"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68650.88000000</valUSD>
        <pctVal>0.004220867397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MDC HOLDINGS INC 6% 01/15/43</name>
        <lei>5299005FV4VNV75R8R35</lei>
        <title>MDC HOLDINGS INC REGD 6.00000000</title>
        <cusip>552676AQ1</cusip>
        <identifiers>
          <isin value="US552676AQ11"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30978.18000000</valUSD>
        <pctVal>0.001904633851</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLDMAN SACHS G 3.85% 01/26/27</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIMON PROPERTY  2.65% 02/01/32</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP LP REGD 2.65000000</title>
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          <isin value="US828807DT11"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>COMISION FEDER 3.875% 07/26/33</name>
        <lei>N/A</lei>
        <title>COMISION FEDERAL DE ELEC REGD 144A P/P 3.87500000</title>
        <cusip>200447AK6</cusip>
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          <isin value="US200447AK60"/>
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        <curCd>USD</curCd>
        <valUSD>831763.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-26</maturityDt>
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        <name>UNITEDHEALTH GRO 5.8% 03/15/36</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <curCd>USD</curCd>
        <valUSD>25527.45000000</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>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>OBP 2019-OBP  2.516% 09/15/29</name>
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        <cusip>68236JAA9</cusip>
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        <name>STATE STREET CORP V/R 11/21/29</name>
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        <name>OWENS-BROCKWAY 6.625% 05/13/27</name>
        <lei>N/A</lei>
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        <cusip>69073TAT0</cusip>
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        <name>ASTRAZENECA PL 2.125% 08/06/50</name>
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        <cusip>046353AX6</cusip>
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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>INTL FLAVOR &amp;  4.375% 06/01/47</name>
        <lei>BZLRL03D3GPGMOGFO832</lei>
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        <name>NMI HOLDINGS 6% 08/15/29</name>
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        <name>UMBS P#BM4304 3% 02/01/30</name>
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        <name>UMBS P#AQ4372 2.5% 11/01/27</name>
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        <name>IBM CORP 4% 06/20/42</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
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        <name>AT&amp;T INC 5.55% 08/15/41</name>
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        <cusip>00206RBA9</cusip>
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        <name>OCCIDENTAL PETR 5.55% 10/01/34</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <name>WESTPAC BANKING 3.35% 03/08/27</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <cusip>961214DK6</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP CAPITAL MARKETS  V/R /PERP/</name>
        <lei>N/A</lei>
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          <isin value="US05565QDV77"/>
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        <curCd>USD</curCd>
        <valUSD>962858.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#AL2499 4.5% 01/01/42</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>10922.80000000</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>BNP PARIBAS V/R /PERP/</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <cusip>05565AM34</cusip>
        <identifiers>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>573457.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2174-02-16</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>DTE ELECTRIC CO 3.25% 04/01/51</name>
        <lei>N/A</lei>
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        <cusip>23338VAP1</cusip>
        <identifiers>
          <isin value="US23338VAP13"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120377.52000000</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>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS BDS 3.125% 02/15/43</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.12500000</title>
        <cusip>912810QZ4</cusip>
        <identifiers>
          <isin value="US912810QZ49"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78628.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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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>
        <title>TOYOTA MOTOR CREDIT CORP REGD MTN 5.55000000</title>
        <cusip>89236TLE3</cusip>
        <identifiers>
          <isin value="US89236TLE37"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104258.20000000</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>2030-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARSH &amp; MCLENNAN 5.7% 09/15/53</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>MARSH &amp; MCLENNAN COS INC REGD 5.70000000</title>
        <cusip>571748BV3</cusip>
        <identifiers>
          <isin value="US571748BV33"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24422.89000000</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>2053-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>CHENIERE ENERGY  4.5% 10/01/29</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CHENIERE ENERGY PARTNERS REGD 4.50000000</title>
        <cusip>16411QAG6</cusip>
        <identifiers>
          <isin value="US16411QAG64"/>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70482.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <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>
        <title>LLOYDS BANKING GROUP PLC REGD V/R 5.67900000</title>
        <cusip>53944YAX1</cusip>
        <identifiers>
          <isin value="US53944YAX13"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>403728.18000000</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>2035-01-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.67900000</annualizedRt>
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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>96815.39000000</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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290509.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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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        <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>
        <identifiers>
          <isin value="US91282CLL36"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>850308.20000000</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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <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>
        <identifiers>
          <isin value="US191216CW80"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169699.86000000</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>2040-06-01</maturityDt>
          <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>
        <cusip>84265VAG0</cusip>
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          <isin value="US84265VAG05"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22585.19000000</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>2042-11-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>CIGNA GROUP/TH 4.375% 10/15/28</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CIGNA GROUP/THE REGD SER WI 4.37500000</title>
        <cusip>125523AH3</cusip>
        <identifiers>
          <isin value="US125523AH38"/>
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        <balance>930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>924641.22000000</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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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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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>73507.84000000</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>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.49000000</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>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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL PA 4.875% 03/17/31/EUR/</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US FOODS INC 5.75% 04/15/33</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FISERV INC 5.375% 08/21/28</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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        <cusip>337738BG2</cusip>
        <identifiers>
          <isin value="US337738BG22"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25589.57000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>22685.63000000</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>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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        <curCd>USD</curCd>
        <valUSD>149621.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
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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>146000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148934.73000000</valUSD>
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        <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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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>50759.38000000</valUSD>
        <pctVal>0.003120842910</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>263378.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>232686.32000000</valUSD>
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        <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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      <invstOrSec>
        <name>SOUTHERN CAL EDI 5.9% 03/01/55</name>
        <lei>N/A</lei>
        <title>SOUTHERN CAL EDISON REGD 5.90000000</title>
        <cusip>842400JH7</cusip>
        <identifiers>
          <isin value="US842400JH78"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1344871.94000000</valUSD>
        <pctVal>0.082686866141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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>540000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>503876.95000000</valUSD>
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        <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>
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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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45582.28000000</valUSD>
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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>
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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>
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        <curCd>USD</curCd>
        <valUSD>6136.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APA CORP 4.25% 01/15/30</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA CORP REGD 144A P/P 4.25000000</title>
        <cusip>03743QAF5</cusip>
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          <isin value="US03743QAF54"/>
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        <balance>159000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148841.84000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>AVOLON HOLDING 2.528% 11/18/27</name>
        <lei>N/A</lei>
        <title>AVOLON HOLDINGS FNDG LTD REGD 144A P/P 2.52800000</title>
        <cusip>05401AAR2</cusip>
        <identifiers>
          <isin value="US05401AAR23"/>
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        <balance>953000.00000000</balance>
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        <valUSD>898314.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOYNE USA INC 4.75% 05/15/29</name>
        <lei>N/A</lei>
        <title>BOYNE USA INC REGD 144A P/P 4.75000000</title>
        <cusip>103557AC8</cusip>
        <identifiers>
          <isin value="US103557AC88"/>
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        <curCd>USD</curCd>
        <valUSD>115395.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>FLORIDA POWER &amp;  5.7% 03/15/55</name>
        <lei>N/A</lei>
        <title>FLORIDA POWER &amp; LIGHT CO REGD 5.70000000</title>
        <cusip>341081GY7</cusip>
        <identifiers>
          <isin value="US341081GY79"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226148.53000000</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>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BUCKEYE PARTNE 4.125% 12/01/27</name>
        <lei>N/A</lei>
        <title>BUCKEYE PARTNERS LP REGD 4.12500000</title>
        <cusip>118230AR2</cusip>
        <identifiers>
          <isin value="US118230AR27"/>
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        <name>HSBC HOLDINGS PLC V/R /PERP/</name>
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        <name>HONEYWELL INTER 5.35% 03/01/64</name>
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        <name>WAMU 2005-AR19 A V/R 12/25/45</name>
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        <name>BROOKFIELD FIN 5.968% 03/04/54</name>
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        <invCountry>CA</invCountry>
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        <name>UMBS P#MA3305 3.5% 03/01/48</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>TRANSDIGM INC 6.625% 03/01/32</name>
        <lei>N/A</lei>
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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>
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          <isin value="US3128MJ5K25"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-01</maturityDt>
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        <name>CANADIAN PACIFIC 3.5% 05/01/50</name>
        <lei>N/A</lei>
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          <isin value="US13648TAG22"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GRAPHIC PACKAG 6.375% 07/15/32</name>
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          <isin value="US38869AAE73"/>
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      <invstOrSec>
        <name>VODAFONE GROUP  4.25% 09/17/50</name>
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        <identifiers>
          <isin value="US92857WBU36"/>
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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>FHLB 2.49% 03/26/40</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US3130AJEM79"/>
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        <balance>690000.00000000</balance>
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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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      <invstOrSec>
        <name>FFCB 3.5% 02/28/39</name>
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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>SE 2024-1A A 6.39% 04/22/30</name>
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      <invstOrSec>
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        <title>UNITED STATES TREASURY BOND 3.00000000</title>
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        <identifiers>
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        <issuerCat>UST</issuerCat>
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        <name>SANDS CHINA LTD 2.3% 03/08/27</name>
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        <invCountry>MO</invCountry>
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        <name>UMBS P#SD5401 6% 04/01/54</name>
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        <name>JEFFERIES FIN G 4.85% 01/15/27</name>
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        <name>FGLMC P#G08843 4.5% 10/01/48</name>
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        <name>UMBS P#MA2863 3% 01/01/47</name>
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      <invstOrSec>
        <name>AMAZON.COM INC 2.875% 05/12/41</name>
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        <name>PROLOGIS LP 5% 03/15/34</name>
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      <invstOrSec>
        <name>METLIFE INC 4.875% 11/13/43</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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      <invstOrSec>
        <name>VERIZON COMMUNICAT 3% 11/20/60</name>
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        <name>UNITED KIN 3.25% 01/31/33/GBP/</name>
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        <name>US TREAS NTS 3.875% 08/15/34</name>
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        <title>UNITED STATES TREASURY NOTE 3.87500000</title>
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        <issuerCat>UST</issuerCat>
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        <name>TARGET CORP 4.5% 09/15/32</name>
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        <cusip>87612EBP0</cusip>
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        <name>CSX CORP 4.25% 11/01/66</name>
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        <name>US TREAS NTS 4.625% 10/15/26</name>
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        <name>AT&amp;T INC 2.75% 06/01/31</name>
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        <cusip>00206RJY9</cusip>
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        <name>PARAMOUNT GLOBAL 4.9% 08/15/44</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARAMOUNT GLOBAL REGD 4.90000000</title>
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        <name>EDISON INTERNAT 6.95% 11/15/29</name>
        <lei>549300I7ROF15MAEVP56</lei>
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        <cusip>281020AW7</cusip>
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        <name>HUMANA INC 5.95% 03/15/34</name>
        <lei>529900YLDW34GJAO4J06</lei>
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        <name>VCC 2019-1 A V/R 05/25/26</name>
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        <title>VELOCITY COMMERCIAL CAPITAL LOAN TRUST 2019-1 SER 2019-1 CL A V/R REGD 144A P/P 3.76000000</title>
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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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      <invstOrSec>
        <name>WALMART INC 4.1% 04/15/33</name>
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        <name>GLOBAL PAYMENTS 4.45% 06/01/28</name>
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      <invstOrSec>
        <name>WEYERHAEUSER CO 4% 11/15/29</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
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        <cusip>962166BX1</cusip>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>OCCIDENTAL PETRO 6.2% 03/15/40</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <curCd>USD</curCd>
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        <name>ECOLAB INC 2.7% 12/15/51</name>
        <lei>82DYEISM090VG8LTLS26</lei>
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        <name>GNMA II P#MB0360 2.5% 05/20/55</name>
        <lei>N/A</lei>
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        <cusip>3618N5MJ5</cusip>
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          <isin value="US3618N5MJ53"/>
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        <issuerCat>USGSE</issuerCat>
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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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        <name>DUKE ENERGY FLOR 6.2% 11/15/53</name>
        <lei>N/A</lei>
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        <name>PRIME SECSRVC  3.375% 08/31/27</name>
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        <name>FIBERCOP  1.625% 01/18/29/EUR/</name>
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        <cusip>T7S98WAP1</cusip>
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        <invCountry>IT</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>F/C US 5YR NOTE (CBT) SEP25</name>
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        <valUSD>64047000.00000000</valUSD>
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        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 2.70000000</title>
        <cusip>023135BU9</cusip>
        <identifiers>
          <isin value="US023135BU94"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27986.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTERPRISE PRODU 4.8% 02/01/49</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 4.80000000</title>
        <cusip>29379VBU6</cusip>
        <identifiers>
          <isin value="US29379VBU61"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42181.24000000</valUSD>
        <pctVal>0.002593432461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PACIFIC GAS &amp; EL 2.5% 02/01/31</name>
        <lei>N/A</lei>
        <title>PACIFIC GAS &amp; ELECTRIC REGD 2.50000000</title>
        <cusip>694308JG3</cusip>
        <identifiers>
          <isin value="US694308JG36"/>
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        <balance>89000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76465.85000000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORFOLK SOUTHER 2.55% 11/01/29</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>NORFOLK SOUTHERN CORP REGD 2.55000000</title>
        <cusip>655844CE6</cusip>
        <identifiers>
          <isin value="US655844CE60"/>
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        <balance>46000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42222.24000000</valUSD>
        <pctVal>0.002595953267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</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#AA2953 5% 04/01/39</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AA2953 5.00000000</title>
        <cusip>31416LH74</cusip>
        <identifiers>
          <isin value="US31416LH748"/>
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        <balance>3628.91000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3631.72000000</valUSD>
        <pctVal>0.000223289323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-01</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>
      <invstOrSec>
        <name>COMCAST CORP 4.049% 11/01/52</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD SER WI 4.04900000</title>
        <cusip>20030NCG4</cusip>
        <identifiers>
          <isin value="US20030NCG43"/>
        </identifiers>
        <balance>1051000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773793.81000000</valUSD>
        <pctVal>0.047575225034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.04900000</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 D 2.7% 11/15/51</name>
        <lei>N/A</lei>
        <title>ONCOR ELECTRIC DELIVERY REGD 2.70000000</title>
        <cusip>68233JCD4</cusip>
        <identifiers>
          <isin value="US68233JCD46"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14232.85000000</valUSD>
        <pctVal>0.000875079424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</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>FGLMC P#G05665 6% 10/01/38</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G05665 6.00000000</title>
        <cusip>3128M7TW6</cusip>
        <identifiers>
          <isin value="US3128M7TW67"/>
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        <balance>8170.22000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8522.13000000</valUSD>
        <pctVal>0.000523966781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</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>KOHL'S CORPORA 5.125% 05/01/31</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>KOHL'S CORPORATION REGD 5.12500000</title>
        <cusip>500255AX2</cusip>
        <identifiers>
          <isin value="US500255AX28"/>
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        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>260605.97000000</valUSD>
        <pctVal>0.016022857133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Variable</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>UMBS P#SD8212 2.5% 05/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8212 2.50000000</title>
        <cusip>3132DWDR1</cusip>
        <identifiers>
          <isin value="US3132DWDR16"/>
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        <balance>2223117.88000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1813732.30000000</valUSD>
        <pctVal>0.111513844140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>96638.06000000</valUSD>
        <pctVal>0.005941605363</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>PA</units>
        <curCd>USD</curCd>
        <valUSD>17936.28000000</valUSD>
        <pctVal>0.001102777698</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>PA</units>
        <curCd>USD</curCd>
        <valUSD>95691.93000000</valUSD>
        <pctVal>0.005883434378</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>
        <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>100597.19000000</valUSD>
        <pctVal>0.006185024860</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>
        <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>23151.88000000</valUSD>
        <pctVal>0.001423448839</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>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"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18210.40000000</valUSD>
        <pctVal>0.001119631440</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"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15266.96000000</valUSD>
        <pctVal>0.000938659689</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIGNA GROUP/THE 3.4% 03/01/27</name>
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        <name>GNMA II P#MA7989 3.5% 04/20/52</name>
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        <name>FHMS K146 A2 2.92% 06/25/32</name>
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      <invstOrSec>
        <name>UMBS P#AE0212 5.5% 12/01/27</name>
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        <name>OTIS WORLDWIDE  5.25% 08/16/28</name>
        <lei>549300ZLBKR8VSU25153</lei>
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          <isin value="US68902VAP22"/>
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      <invstOrSec>
        <name>UMBS P#FM1628 3.5% 09/01/33</name>
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      <invstOrSec>
        <name>KIMCO REALTY OP  3.2% 04/01/32</name>
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      <invstOrSec>
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        <lei>MGCJBT4MKTQBVLNUIS88</lei>
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        <name>GNMA II P#MA6997 3.5% 11/20/50</name>
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        <name>SYSCO CORPORATI 4.45% 03/15/48</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
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      <invstOrSec>
        <name>ENTERPRISE PROD 5.55% 02/16/55</name>
        <lei>N/A</lei>
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          <isin value="US29379VCH42"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AKER BP ASA 5.125% 10/01/34</name>
        <lei>549300NFTY73920OYK69</lei>
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        <cusip>00973RAN3</cusip>
        <identifiers>
          <isin value="US00973RAN35"/>
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        <curCd>USD</curCd>
        <valUSD>1254813.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABBVIE INC 2.95% 11/21/26</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD SER WI 2.95000000</title>
        <cusip>00287YBV0</cusip>
        <identifiers>
          <isin value="US00287YBV02"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>441165.82000000</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>2026-11-21</maturityDt>
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      <invstOrSec>
        <name>LAS VEGAS SANDS CO 6% 06/14/30</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>LAS VEGAS SANDS CORP REGD 6.00000000</title>
        <cusip>517834AN7</cusip>
        <identifiers>
          <isin value="US517834AN73"/>
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        <balance>705000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>712396.51000000</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>2030-06-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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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>
        <cusip>912810PU6</cusip>
        <identifiers>
          <isin value="US912810PU60"/>
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        <balance>1520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1589587.50000000</valUSD>
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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>
          <annualizedRt>5.00000000</annualizedRt>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>193541.05000000</valUSD>
        <pctVal>0.011899499437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-02</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>39096.00000000</valUSD>
        <pctVal>0.002403742410</pctVal>
        <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>
          <annualizedRt>2.55000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>29169.96000000</valUSD>
        <pctVal>0.001793458920</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>
          <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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>24760.22000000</valUSD>
        <pctVal>0.001522334533</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>
          <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#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>350.05000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>348.03000000</valUSD>
        <pctVal>0.000021397955</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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          <isNonCashCollateral>N</isNonCashCollateral>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>23402.77000000</valUSD>
        <pctVal>0.001438874329</pctVal>
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        <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>
          <isDefault>N</isDefault>
          <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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52577.67000000</valUSD>
        <pctVal>0.003232636976</pctVal>
        <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>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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>71232.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66071.52000000</valUSD>
        <pctVal>0.004062280405</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>
          <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>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>150365.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>143852.35000000</valUSD>
        <pctVal>0.008844485229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</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>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>
        <identifiers>
          <isin value="US89236TJK25"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96709.57000000</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>
          <annualizedRt>1.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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>
        <identifiers>
          <isin value="US646136XR74"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91015.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.56100000</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>IRON MOUNTAIN I 5.25% 03/15/28</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC REGD 144A P/P 5.25000000</title>
        <cusip>46284VAE1</cusip>
        <identifiers>
          <isin value="US46284VAE11"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79172.90000000</valUSD>
        <pctVal>0.004867793571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
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        <name>AT&amp;T INC 3.85% 06/01/60</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA8492 6% 12/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8492 6.00000000</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#MA5533 4% 11/01/39</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA5533 4.00000000</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTHROP GRUMMA 4.75% 06/01/43</name>
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        <cusip>666807BH4</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOSTON PROPERTIE 4.5% 12/01/28</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>GOLDMAN SACHS GRO V/R 02/24/43</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KEYCORP V/R 03/06/35</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
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        <cusip>49326EEP4</cusip>
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        <balance>520000.00000000</balance>
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        <name>CALIFORNIA ST 5.875% 10/01/41</name>
        <lei>N/A</lei>
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        <name>LOCKHEED MARTIN 4.09% 09/15/52</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BV8515 3% 05/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BV8515 3.00000000</title>
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      <invstOrSec>
        <name>CONOCOPHILLIPS 6.5% 02/01/39</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
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        <cusip>20825CAQ7</cusip>
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        <valUSD>27208.59000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>JOHNSON &amp; JOHNSO 3.7% 03/01/46</name>
        <lei>549300G0CFPGEF6X2043</lei>
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        <cusip>478160BV5</cusip>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>METLIFE INC 4.05% 03/01/45</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <cusip>59156RBN7</cusip>
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        <issuerCat>CORP</issuerCat>
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        <name>BANK OF NOVA SCOT V/R 05/04/37</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
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        <cusip>06417XAG6</cusip>
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          <isin value="US06417XAG60"/>
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        <invCountry>CA</invCountry>
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        <name>SUZANO AUSTRIA  3.75% 01/15/31</name>
        <lei>N/A</lei>
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        <cusip>86964WAJ1</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>FGLMC P#G08741 3% 01/01/47</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G08741 3.00000000</title>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PHILIP MORRIS  5.125% 02/13/31</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL INC REGD 5.12500000</title>
        <cusip>718172DH9</cusip>
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          <isin value="US718172DH98"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40657.15000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENBRIDGE INC 3.4% 08/01/51</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC REGD 3.40000000</title>
        <cusip>29250NBE4</cusip>
        <identifiers>
          <isin value="US29250NBE40"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31856.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NBLY 2023-1A  7.308% 01/30/28</name>
        <lei>N/A</lei>
        <title>NEIGHBORLY ISSUER 2023-1 SER 2023-1A CL A2 REGD 144A P/P 7.30800000</title>
        <cusip>64016NAE7</cusip>
        <identifiers>
          <isin value="US64016NAE76"/>
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        <balance>2199375.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2227724.50000000</valUSD>
        <pctVal>0.136967358789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.30800000</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#AS8392 2.5% 11/01/31</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AS8392 2.50000000</title>
        <cusip>3138WJKE7</cusip>
        <identifiers>
          <isin value="US3138WJKE77"/>
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        <balance>144453.18000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138294.35000000</valUSD>
        <pctVal>0.008502762282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</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>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CVS HEALTH COR 2.125% 09/15/31</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP REGD 2.12500000</title>
        <cusip>126650DR8</cusip>
        <identifiers>
          <isin value="US126650DR85"/>
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        <balance>494000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>413337.71000000</valUSD>
        <pctVal>0.025413274588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</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>FGLMC P#G16728 2.5% 11/01/31</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G16728 2.50000000</title>
        <cusip>3128MFVV7</cusip>
        <identifiers>
          <isin value="US3128MFVV71"/>
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        <balance>189527.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182315.93000000</valUSD>
        <pctVal>0.011209344511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</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>ABBVIE INC 4.8% 03/15/27</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD 4.80000000</title>
        <cusip>00287YDR7</cusip>
        <identifiers>
          <isin value="US00287YDR71"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100958.28000000</valUSD>
        <pctVal>0.006207225785</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>4.80000000</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>NEWELL BRANDS  6.625% 09/15/29</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 6.62500000</title>
        <cusip>651229BD7</cusip>
        <identifiers>
          <isin value="US651229BD74"/>
        </identifiers>
        <balance>340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>329644.42000000</valUSD>
        <pctVal>0.020267553526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITY OF HOPE/T 5.623% 11/15/43</name>
        <lei>549300QIQJNNQEIXBL15</lei>
        <title>CITY OF HOPE/THE REGD SER 2013 5.62300000</title>
        <cusip>17858PAA9</cusip>
        <identifiers>
          <isin value="US17858PAA93"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94023.60000000</valUSD>
        <pctVal>0.005780860315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62300000</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#MA2806 3% 11/01/46</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA2806 3.00000000</title>
        <cusip>31418CDL5</cusip>
        <identifiers>
          <isin value="US31418CDL54"/>
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        <balance>197088.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172116.12000000</valUSD>
        <pctVal>0.010582228799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</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>THERMO FISHER  5.086% 08/10/33</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>THERMO FISHER SCIENTIFIC REGD 5.08600000</title>
        <cusip>883556CX8</cusip>
        <identifiers>
          <isin value="US883556CX89"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201670.51000000</valUSD>
        <pctVal>0.012399323659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.08600000</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#CA3633 3.5% 06/01/49</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CA3633 3.50000000</title>
        <cusip>3140QBBB3</cusip>
        <identifiers>
          <isin value="US3140QBBB32"/>
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        <balance>133837.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121138.96000000</valUSD>
        <pctVal>0.007447996104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</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>COREBRIDGE FINA 3.65% 04/05/27</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC REGD 3.65000000</title>
        <cusip>21871XAD1</cusip>
        <identifiers>
          <isin value="US21871XAD12"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49216.37000000</valUSD>
        <pctVal>0.003025973906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FGLMC P#A97420 4% 03/01/41</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#A97420 4.00000000</title>
        <cusip>312946G59</cusip>
        <identifiers>
          <isin value="US312946G597"/>
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        <balance>92716.76000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>88413.06000000</valUSD>
        <pctVal>0.005435907048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</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>PROLOGIS LP 4.875% 06/15/28</name>
        <lei>N/A</lei>
        <title>PROLOGIS LP REGD 4.87500000</title>
        <cusip>74340XCG4</cusip>
        <identifiers>
          <isin value="US74340XCG43"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25352.02000000</valUSD>
        <pctVal>0.001558720218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</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>PRINCIPAL FINANC 5.5% 03/15/53</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>PRINCIPAL FINANCIAL GRP REGD 5.50000000</title>
        <cusip>74251VAU6</cusip>
        <identifiers>
          <isin value="US74251VAU61"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23494.26000000</valUSD>
        <pctVal>0.001444499415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-15</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>SYNAPTICS INC 4% 06/15/29</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>SYNAPTICS INC REGD 144A P/P 4.00000000</title>
        <cusip>87157DAG4</cusip>
        <identifiers>
          <isin value="US87157DAG43"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97836.12000000</valUSD>
        <pctVal>0.006015265779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</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>
        </securityLending>
      </invstOrSec>
      <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>
        <identifiers>
          <isin value="US18912UAC62"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>789250.50000000</valUSD>
        <pctVal>0.048525549908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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      <invstOrSec>
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        <name>FNR 2020-57 NI 2.5% 08/25/50</name>
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        <name>TARGA RESOURCES  6.5% 07/15/27</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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        <name>DOW CHEMICAL CO 5.15% 02/15/34</name>
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      <invstOrSec>
        <name>LOS ANGELES CA 6.574% 07/01/45</name>
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        <name>OFFICE CHERIFI 5.125% 06/23/51</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>WR GRACE HOLDI 4.875% 06/15/27</name>
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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>
        <lei>20S05OYHG0MQM4VUIC57</lei>
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        <name>APTIV SWISS HOLD 3.1% 12/01/51</name>
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        <name>BUNDT 2024-1A  6.75% 07/30/31</name>
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        <name>UNITEDHEALTH GR 3.25% 05/15/51</name>
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      <invstOrSec>
        <name>LOCKHEED MARTIN 4.07% 12/15/42</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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          <isin value="US539830BB41"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CAFL 2025-RRTL1  V/R 11/30/27</name>
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        <name>FGLMC P#H00790 5.5% 05/01/37</name>
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        <issuerCat>USGA</issuerCat>
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        <name>BAT CAPITAL CO 3.557% 08/15/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PROG 2022-SFR1 4.88% 02/17/29</name>
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        <name>ALABAMA POWER CO 3.7% 12/01/47</name>
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        <name>MSCR 2021-MN1 M2 V/R 01/25/51</name>
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        <name>AMERICAN AIRLINE 8.5% 05/15/29</name>
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        <name>ZOETIS INC 3.95% 09/12/47</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>LOCKHEED MARTIN 4.15% 06/15/53</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LOCKHEED MARTIN CORP REGD 4.15000000</title>
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          <isin value="US539830BS75"/>
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        <fairValLevel>2</fairValLevel>
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        <name>S&amp;P GLOBAL INC 2.45% 03/01/27</name>
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        <name>GAM 2022-FRR3 BK ZCP 11/27/49</name>
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        <name>AIRCASTLE LTD 5.95% 02/15/29</name>
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      <invstOrSec>
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        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <valUSD>67294.89000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTHROP GRUMMA 5.25% 05/01/50</name>
        <lei>RIMU48P07456QXSO0R61</lei>
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        <cusip>666807BU5</cusip>
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          <isin value="US666807BU55"/>
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        <curCd>USD</curCd>
        <valUSD>257300.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PROLOGIS LP 2.25% 04/15/30</name>
        <lei>N/A</lei>
        <title>PROLOGIS LP REGD 2.25000000</title>
        <cusip>74340XBM2</cusip>
        <identifiers>
          <isin value="US74340XBM20"/>
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        <balance>147000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131898.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CAESARS ENTERTAIN  7% 02/15/30</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CAESARS ENTERTAIN INC REGD 144A P/P 7.00000000</title>
        <cusip>12769GAB6</cusip>
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          <isin value="US12769GAB68"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92387.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BHP BILLITON FIN 5.5% 09/08/53</name>
        <lei>N/A</lei>
        <title>BHP BILLITON FIN USA LTD REGD 5.50000000</title>
        <cusip>055451BF4</cusip>
        <identifiers>
          <isin value="US055451BF42"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23980.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>TEGNA INC 5% 09/15/29</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA INC REGD 5.00000000</title>
        <cusip>87901JAH8</cusip>
        <identifiers>
          <isin value="US87901JAH86"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133441.44000000</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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      <invstOrSec>
        <name>MERCK &amp; CO INC 2.45% 06/24/50</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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        <cusip>58933YBB0</cusip>
        <identifiers>
          <isin value="US58933YBB02"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28393.19000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-24</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA9604 5% 04/20/54</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA9604 5.00000000</title>
        <cusip>36179YU51</cusip>
        <identifiers>
          <isin value="US36179YU511"/>
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        <balance>3277096.45000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3181800.94000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNION PACIFIC C 3.75% 02/05/70</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD 3.75000000</title>
        <cusip>907818FL7</cusip>
        <identifiers>
          <isin value="US907818FL73"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6582.87000000</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>2070-02-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; C 4.15% 01/24/29</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD MTN 4.15000000</title>
        <cusip>95000U2D4</cusip>
        <identifiers>
          <isin value="US95000U2D40"/>
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        <balance>490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>483655.90000000</valUSD>
        <pctVal>0.029736653336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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      <invstOrSec>
        <name>INTERCONTINENTAL 2.1% 06/15/30</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>INTERCONTINENTALEXCHANGE REGD 2.10000000</title>
        <cusip>45866FAK0</cusip>
        <identifiers>
          <isin value="US45866FAK03"/>
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        <balance>13000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11558.69000000</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>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.10000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#MA4389 1.5% 07/01/31</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4389 1.50000000</title>
        <cusip>31418D2X9</cusip>
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          <isin value="US31418D2X92"/>
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        <curCd>USD</curCd>
        <valUSD>341954.37000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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      <invstOrSec>
        <name>CAPITAL ONE FIN 3.75% 03/09/27</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CO REGD 3.75000000</title>
        <cusip>14040HBN4</cusip>
        <identifiers>
          <isin value="US14040HBN44"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98725.37000000</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>EXTRA SPACE STOR 5.7% 04/01/28</name>
        <lei>N/A</lei>
        <title>EXTRA SPACE STORAGE LP REGD 5.70000000</title>
        <cusip>30225VAJ6</cusip>
        <identifiers>
          <isin value="US30225VAJ61"/>
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        <balance>106000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108932.73000000</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>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <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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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51565.94000000</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>
          <annualizedRt>5.50000000</annualizedRt>
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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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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21395.37000000</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>2046-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>STANDARD INDUSTRI  5% 02/15/27</name>
        <lei>N/A</lei>
        <title>STANDARD INDUSTRI INC/NY REGD 144A P/P 5.00000000</title>
        <cusip>853496AC1</cusip>
        <identifiers>
          <isin value="US853496AC17"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74534.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KROGER CO 3.875% 10/15/46</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KROGER CO REGD 3.87500000</title>
        <cusip>501044DF5</cusip>
        <identifiers>
          <isin value="US501044DF54"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18385.81000000</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>2046-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVARTIS CAPITAL 3.8% 09/18/29</name>
        <lei>N/A</lei>
        <title>NOVARTIS CAPITAL CORP REGD 3.80000000</title>
        <cusip>66989HAT5</cusip>
        <identifiers>
          <isin value="US66989HAT59"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98338.85000000</valUSD>
        <pctVal>0.006046175167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA P#782333 5.5% 06/15/38</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#782333 5.50000000</title>
        <cusip>36241KSW9</cusip>
        <identifiers>
          <isin value="US36241KSW98"/>
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        <balance>9990.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10218.66000000</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>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>3M COMPANY 3.25% 08/26/49</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M COMPANY REGD 3.25000000</title>
        <cusip>88579YBK6</cusip>
        <identifiers>
          <isin value="US88579YBK64"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33122.37000000</valUSD>
        <pctVal>0.002036465252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KAISER FOUNDAT 4.875% 04/01/42</name>
        <lei>N/A</lei>
        <title>KAISER FOUNDATION HOSPIT REGD 4.87500000</title>
        <cusip>48305QAB9</cusip>
        <identifiers>
          <isin value="US48305QAB95"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90625.48000000</valUSD>
        <pctVal>0.005571933439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-01</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>FORTRESS TRANS &amp; I 7% 06/15/32</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FORTRESS TRANS &amp; INFRAST REGD 144A P/P 7.00000000</title>
        <cusip>34960PAG6</cusip>
        <identifiers>
          <isin value="US34960PAG63"/>
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        <balance>1890000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1933305.57000000</valUSD>
        <pctVal>0.118865576804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</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>
        <name>APPLE INC 2.65% 02/08/51</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 2.65000000</title>
        <cusip>037833EF3</cusip>
        <identifiers>
          <isin value="US037833EF38"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60545.91000000</valUSD>
        <pctVal>0.003722548896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-08</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>SEMPRA V/R 10/01/54</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SEMPRA REGD V/R 6.87500000</title>
        <cusip>816851BS7</cusip>
        <identifiers>
          <isin value="US816851BS71"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>224813.04000000</valUSD>
        <pctVal>0.013822197632</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>Variable</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENTERPRISE PROD 3.95% 02/15/27</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 3.95000000</title>
        <cusip>29379VBL6</cusip>
        <identifiers>
          <isin value="US29379VBL62"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99414.71000000</valUSD>
        <pctVal>0.006112322351</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>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>UMBS P#SD8200 2.5% 03/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8200 2.50000000</title>
        <cusip>3132DWDD2</cusip>
        <identifiers>
          <isin value="US3132DWDD20"/>
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        <balance>2188438.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1788956.17000000</valUSD>
        <pctVal>0.109990531411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>JOHN DEERE CAPI 1.75% 03/09/27</name>
        <lei>N/A</lei>
        <title>JOHN DEERE CAPITAL CORP REGD MTN 1.75000000</title>
        <cusip>24422EVF3</cusip>
        <identifiers>
          <isin value="US24422EVF32"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95733.07000000</valUSD>
        <pctVal>0.005885963792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</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 3% 08/15/52</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.00000000</title>
        <cusip>912810TJ7</cusip>
        <identifiers>
          <isin value="US912810TJ79"/>
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        <balance>1472000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1035661.25000000</valUSD>
        <pctVal>0.063675641226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>F/C US ULTRA BOND CBT SEP25</name>
        <lei>N/A</lei>
        <title>FUTURE CONTRACT ON           US ULTRA BOND CBT SEP25 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WNU5 XCBT"/>
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        <balance>197.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>22864312.50000000</valUSD>
        <pctVal>1.405768304676</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>J.P. MORGAN SEC'S - FIXED INC.</counterpartyName>
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                <issuerName>F/C US ULTRA BOND CBT SEP25</issuerName>
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                  <ticker value="WNU5 XCBT"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ATI INC 5.875% 12/01/27</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI INC REGD 5.87500000</title>
        <cusip>01741RAH5</cusip>
        <identifiers>
          <isin value="US01741RAH57"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150312.30000000</valUSD>
        <pctVal>0.009241662837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>PUBLIC STORAGE O 5.1% 08/01/33</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>PUBLIC STORAGE OP CO REGD 5.10000000</title>
        <cusip>74460WAG2</cusip>
        <identifiers>
          <isin value="US74460WAG24"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25317.31000000</valUSD>
        <pctVal>0.001556586140</pctVal>
        <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>5.10000000</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>GNMA II P#MA6657 3.5% 05/20/50</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA6657 3.50000000</title>
        <cusip>36179VME7</cusip>
        <identifiers>
          <isin value="US36179VME73"/>
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        <balance>142335.33000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127307.34000000</valUSD>
        <pctVal>0.007827247091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-20</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>CONTINENTAL RE 4.375% 01/15/28</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
        <title>CONTINENTAL RESOURCES REGD SER WI 4.37500000</title>
        <cusip>212015AS0</cusip>
        <identifiers>
          <isin value="US212015AS02"/>
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        <balance>580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>567266.82000000</valUSD>
        <pctVal>0.034877310037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
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      <invstOrSec>
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        <name>BJETS 2024-2A 7.974% 09/15/30</name>
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      <invstOrSec>
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        <name>WYNN RESORTS F 7.125% 02/15/31</name>
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        <name>ATHENAHEALTH GRO 6.5% 02/15/30</name>
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        <name>PROG 2021-SFR 4.053% 11/17/28</name>
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        <name>EASTMAN CHEMICAL 4.5% 12/01/28</name>
        <lei>FDPVHDGJ1IQZFK9KH630</lei>
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        <name>GNMA II P#5259 4% 12/20/41</name>
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        <name>FREEPORT-MCMOR 4.625% 08/01/30</name>
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        <name>SPRINT SPECTRU 5.152% 03/20/28</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>AMGEN INC 4.4% 02/22/62</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRITISH COLUMBIA 4.2% 07/06/33</name>
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        <curCd>USD</curCd>
        <valUSD>48496.19000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEIDOS INC 2.3% 02/15/31</name>
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        <cusip>52532XAH8</cusip>
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        <curCd>USD</curCd>
        <valUSD>21601.10000000</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>MACY'S RETAIL  5.875% 03/15/30</name>
        <lei>N/A</lei>
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        <cusip>55617LAQ5</cusip>
        <identifiers>
          <isin value="US55617LAQ59"/>
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        <curCd>USD</curCd>
        <valUSD>1070640.31000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIATRIS INC 4% 06/22/50</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>VIATRIS INC REGD SER WI 4.00000000</title>
        <cusip>92556VAF3</cusip>
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        <balance>1075000.00000000</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>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HUNTSMAN INTERNA 4.5% 05/01/29</name>
        <lei>N/A</lei>
        <title>HUNTSMAN INTERNATIONAL L REGD 4.50000000</title>
        <cusip>44701QBE1</cusip>
        <identifiers>
          <isin value="US44701QBE17"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23384.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FGLMC P#G05518 5% 02/01/39</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G05518 5.00000000</title>
        <cusip>3128M7PB6</cusip>
        <identifiers>
          <isin value="US3128M7PB66"/>
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        <balance>5379.93000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5398.88000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US BANCORP V/R 06/12/34</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
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        <cusip>91159HJN1</cusip>
        <identifiers>
          <isin value="US91159HJN17"/>
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        <balance>1315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1356690.75000000</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>Variable</couponKind>
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      <invstOrSec>
        <name>UNITED WHOLESALE 5.5% 04/15/29</name>
        <lei>549300HW662MN1WU8550</lei>
        <title>UNITED WHOLESALE MTGE LL REGD 144A P/P 5.50000000</title>
        <cusip>913229AA8</cusip>
        <identifiers>
          <isin value="US913229AA80"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91016.41000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>FGLMC P#A97052 5% 02/01/41</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#A97052 5.00000000</title>
        <cusip>312945ZR2</cusip>
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        <curCd>USD</curCd>
        <valUSD>4413.66000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>REPUBLIC OF PER 3.55% 03/10/51</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PERU REGD 3.55000000</title>
        <cusip>715638DT6</cusip>
        <identifiers>
          <isin value="US715638DT64"/>
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        <curCd>USD</curCd>
        <valUSD>33637.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <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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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GILEAD SCIENCES  2.6% 10/01/40</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC REGD 2.60000000</title>
        <cusip>375558BS1</cusip>
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          <isin value="US375558BS17"/>
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        <curCd>USD</curCd>
        <valUSD>69841.33000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GENERAL MOTORS C 5.6% 10/15/32</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO REGD 5.60000000</title>
        <cusip>37045VAZ3</cusip>
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          <isin value="US37045VAZ31"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49699.63000000</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#AS9326 3% 03/01/32</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AS9326 3.00000000</title>
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        <curCd>USD</curCd>
        <valUSD>29379.36000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BPCE SA V/R 10/19/29</name>
        <lei>N/A</lei>
        <title>BPCE SA REGD V/R 144A P/P 6.71400000</title>
        <cusip>05571AAR6</cusip>
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          <isin value="US05571AAR68"/>
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        <balance>1120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1178234.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <name>FNR 2020-73 KI 3% 10/25/50</name>
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        <name>GOLDMAN SACHS G 6.25% 02/01/41</name>
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        <name>UNITED MEXICAN  3.25% 04/16/30</name>
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        <invCountry>MX</invCountry>
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        <name>ASBURY AUTOMOT 4.625% 11/15/29</name>
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        <name>SIMON PROPERTY  2.65% 07/15/30</name>
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        <valUSD>45426.22000000</valUSD>
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        <name>AMERICAN EXPRESS  V/R 05/01/34</name>
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        <name>MAUSER PACKAGI 7.875% 04/15/27</name>
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        <valUSD>161712.80000000</valUSD>
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        <name>GILEAD SCIENCES 1.65% 10/01/30</name>
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          <isin value="US375558BY84"/>
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        <name>CITIGROUP INC V/R 06/03/31</name>
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        <name>LYB INT FINANCE  4.2% 05/01/50</name>
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        <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>UNITED MEXICAN S 3.5% 02/12/34</name>
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        <name>CSAIL 2018-CX12  V/R 07/15/28</name>
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        <name>WALT DISNEY COMP 6.2% 12/15/34</name>
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        <name>PHILIP MORRIS  5.125% 11/17/27</name>
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        <name>CATERPILLAR INC 3.25% 04/09/50</name>
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        <name>PACIFICORP 5.45% 02/15/34</name>
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        <name>AMERIGAS PART/ 5.875% 08/20/26</name>
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        <name>BANK OF NY MELL 1.05% 10/15/26</name>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>STARBUCKS CORP 4.9% 02/15/31</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
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      <invstOrSec>
        <name>HILTON DOMESTI 3.625% 02/15/32</name>
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          <isin value="US31358DDR26"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN EXPRES 4.05% 05/03/29</name>
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        <cusip>025816CW7</cusip>
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          <isin value="US025816CW76"/>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS NTS 4.25% 03/15/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
        <cusip>91282CKE0</cusip>
        <identifiers>
          <isin value="US91282CKE02"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMGEN INC 2.77% 09/01/53</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC REGD 2.77000000</title>
        <cusip>031162CY4</cusip>
        <identifiers>
          <isin value="US031162CY49"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28643.27000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS BDS 3.375% 11/15/48</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.37500000</title>
        <cusip>912810SE9</cusip>
        <identifiers>
          <isin value="US912810SE91"/>
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        <balance>2878000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2221006.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JERSEY CITY NJ  5.47% 05/15/27</name>
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        <cusip>476624BH3</cusip>
        <identifiers>
          <isin value="US476624BH32"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PNC FINANCIAL SE 2.6% 07/23/26</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <cusip>693475AX3</cusip>
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          <isin value="US693475AX33"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98102.73000000</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#AV0634 3% 11/01/28</name>
        <lei>N/A</lei>
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        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>56755.59000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ASIAN DEVELOPM 4.125% 01/12/27</name>
        <lei>549300X0MVH42CY8Q105</lei>
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        <cusip>045167GA5</cusip>
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        <curCd>USD</curCd>
        <valUSD>200351.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NORTHWESTERN M 3.625% 09/30/59</name>
        <lei>1DU7IM20QESYGDO4HO54</lei>
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        <cusip>668138AC4</cusip>
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          <isin value="US668138AC47"/>
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        <balance>500000.00000000</balance>
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        <valUSD>331503.26000000</valUSD>
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        <name>VERIZON COMMUNI 2.55% 03/21/31</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <cusip>92343VGJ7</cusip>
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          <isin value="US92343VGJ70"/>
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        <curCd>USD</curCd>
        <valUSD>101798.67000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSTELLATION BR 3.7% 12/06/26</name>
        <lei>5493005GKEG8QCVY7037</lei>
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        <cusip>21036PAQ1</cusip>
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          <isin value="US21036PAQ19"/>
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        <name>JACKSON FINANC 3.125% 11/23/31</name>
        <lei>213800WXW2KG1N4CO374</lei>
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        <cusip>46817MAL1</cusip>
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          <isin value="US46817MAL19"/>
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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>FGLMC P#G08698 3.5% 03/01/46</name>
        <lei>N/A</lei>
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        <cusip>3128MJX47</cusip>
        <identifiers>
          <isin value="US3128MJX470"/>
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        <balance>284994.02000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259575.61000000</valUSD>
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        <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>
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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>UMBS P#766768 V/R 03/01/34</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#766768 V/R 6.40200000</title>
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        <name>BIOGEN INC 6.45% 05/15/55</name>
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        <name>ANHEUSER-BUSCH 4.375% 04/15/38</name>
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        <name>UMBS P#FS0388 3% 06/01/51</name>
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        <name>PUBLIC SERVICE C 2.7% 01/15/51</name>
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        <name>GENERAL MOTORS C 6.6% 04/01/36</name>
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        <name>UMBS P#FS0461 2% 01/01/52</name>
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        <name>HP INC 6% 09/15/41</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
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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 2.75% 08/15/47</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.75000000</title>
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        <identifiers>
          <isin value="US912810RY64"/>
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        <issuerCat>UST</issuerCat>
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        <name>TIME WARNER CA 8.375% 07/15/33</name>
        <lei>N/A</lei>
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        <cusip>88731EAJ9</cusip>
        <identifiers>
          <isin value="US88731EAJ91"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>WILLIAMS SCOTS 7.375% 10/01/31</name>
        <lei>N/A</lei>
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        <cusip>96949VAL7</cusip>
        <identifiers>
          <isin value="US96949VAL71"/>
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        <curCd>USD</curCd>
        <valUSD>130124.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <name>KFW 4.625% 03/18/30</name>
        <lei>N/A</lei>
        <title>KFW REGD 4.62500000</title>
        <cusip>500769KH6</cusip>
        <identifiers>
          <isin value="US500769KH66"/>
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        <curCd>USD</curCd>
        <valUSD>205966.16000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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>
        <identifiers>
          <isin value="US110122DK11"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40605.77000000</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>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
        <identifiers>
          <isin value="US46647PDU75"/>
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        <balance>53000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54060.84000000</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>Variable</couponKind>
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      <invstOrSec>
        <name>BRISTOL-MYERS S 2.55% 11/13/50</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <cusip>110122DS4</cusip>
        <identifiers>
          <isin value="US110122DS47"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28171.73000000</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>WRKCO INC 3.9% 06/01/28</name>
        <lei>N/A</lei>
        <title>WRKCO INC REGD 3.90000000</title>
        <cusip>92940PAE4</cusip>
        <identifiers>
          <isin value="US92940PAE43"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48950.06000000</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>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>46069.82000000</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#MA7705 2.5% 11/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7705 2.50000000</title>
        <cusip>36179WR26</cusip>
        <identifiers>
          <isin value="US36179WR263"/>
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        <curCd>USD</curCd>
        <valUSD>782521.39000000</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>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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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47659.34000000</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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        <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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        <valUSD>6089.88000000</valUSD>
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        <issuerCat>UST</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BZ3763 4.29% 05/01/35</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BZ3763 4.29000000</title>
        <cusip>3140NYFD8</cusip>
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          <isin value="US3140NYFD81"/>
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        <curCd>USD</curCd>
        <valUSD>3825976.96000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <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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        <curCd>USD</curCd>
        <valUSD>25292.40000000</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>5.10000000</annualizedRt>
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      <invstOrSec>
        <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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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20037.70000000</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>2025-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNION PACIFIC CO 2.8% 02/14/32</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD 2.80000000</title>
        <cusip>907818FX1</cusip>
        <identifiers>
          <isin value="US907818FX12"/>
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        <balance>153000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMCAST CORP 2.35% 01/15/27</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <valUSD>96882.81000000</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>
        <name>BRISTOL-MYERS S 4.25% 10/26/49</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <cusip>110122CR7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA4196 3.5% 01/20/47</name>
        <lei>N/A</lei>
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        <cusip>36179SUV7</cusip>
        <identifiers>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASSURED GUARANT 3.15% 06/15/31</name>
        <lei>N/A</lei>
        <title>ASSURED GUARANTY US HLDG REGD 3.15000000</title>
        <cusip>04621WAD2</cusip>
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          <isin value="US04621WAD20"/>
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        <curCd>USD</curCd>
        <valUSD>22757.60000000</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>
        <name>WESTERN MIDSTRE 4.65% 07/01/26</name>
        <lei>N/A</lei>
        <title>WESTERN MIDSTREAM OPERAT REGD 4.65000000</title>
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        <curCd>USD</curCd>
        <valUSD>99717.70000000</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>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RTX CORP 6.125% 07/15/38</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 6.12500000</title>
        <cusip>913017BP3</cusip>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26339.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARAMOUNT GLOBA 5.85% 09/01/43</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARAMOUNT GLOBAL REGD 5.85000000</title>
        <cusip>92553PAU6</cusip>
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          <isin value="US92553PAU66"/>
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        <balance>42000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35966.16000000</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>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BJ3644 3% 01/01/33</name>
        <lei>N/A</lei>
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        <cusip>3140H5BN0</cusip>
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        <curCd>USD</curCd>
        <valUSD>78556.59000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>TOTALENERGIES  5.425% 09/10/64</name>
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        <curCd>USD</curCd>
        <valUSD>1288429.71000000</valUSD>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-09-10</maturityDt>
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      <invstOrSec>
        <name>IVORY COAST 8.075% 04/01/36</name>
        <lei>N/A</lei>
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          <isin value="US221625AV83"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>189392.76000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>CI</invCountry>
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          <maturityDt>2036-04-01</maturityDt>
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      <invstOrSec>
        <name>KLA CORP 5.25% 07/15/62</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA CORP REGD 5.25000000</title>
        <cusip>482480AN0</cusip>
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          <isin value="US482480AN02"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90239.27000000</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>VIRGINIA ELEC &amp;  5.7% 08/15/53</name>
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        <cusip>927804GN8</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>MCR 2024-HF1 A V/R 12/15/26</name>
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        <balance>745000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>746333.40000000</valUSD>
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      <invstOrSec>
        <name>REPUBLICA ORIE 4.975% 04/20/55</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US760942BD38"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43123.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRUDENTIAL FINAN 3.7% 03/13/51</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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          <isin value="US74432QCF00"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA 30YR TBA 5% JUN 25</name>
        <lei>N/A</lei>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484839.49000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BNP PARIBAS V/R 12/05/34</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS REGD V/R 144A P/P 5.89400000</title>
        <cusip>05581KAG6</cusip>
        <identifiers>
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      <invstOrSec>
        <name>GNMA II P#5082 4.5% 06/20/41</name>
        <lei>N/A</lei>
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        <name>ESSEX PORTFOLI 3.625% 05/01/27</name>
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        <name>BOSTON PROPERTI 3.25% 01/30/31</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
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        <cusip>68389XCN3</cusip>
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        <curCd>USD</curCd>
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        <name>CORNING INC 5.35% 11/15/48</name>
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        <lei>R8V1FN4M5ITGZOG7BS19</lei>
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        <cusip>540424AT5</cusip>
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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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        <cusip>00206RKG6</cusip>
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        <name>ALPHABET INC 1.1% 08/15/30</name>
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        <name>UMBS P#RJ4033 6% 04/01/55</name>
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        <name>COREBRIDGE FINA 3.85% 04/05/29</name>
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        <name>UMBS P#BT1825 2% 06/01/36</name>
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        <name>BAMLL 2024-FRR3  V/R 02/27/27</name>
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      <invstOrSec>
        <name>US BANCORP V/R 05/15/31</name>
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          <couponKind>Variable</couponKind>
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        <name>UNION PACIFIC C 3.25% 02/05/50</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD 3.25000000</title>
        <cusip>907818FK9</cusip>
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        <valUSD>92672.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CHENIERE ENERGY 5.95% 06/30/33</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CHENIERE ENERGY PARTNERS REGD 5.95000000</title>
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        <name>WINTERSHALL DE V/R /PERP//EUR/</name>
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        <name>CHENIERE CORP CH 3.7% 11/15/29</name>
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        <name>FNMA 30YR TBA 2.5% JUNE 25</name>
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        <name>DRIVE 2025-1 D 5.41% 09/15/32</name>
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      <invstOrSec>
        <name>TARGA RESOURCES PA 5% 01/15/28</name>
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        <name>ABBVIE INC 4.5% 05/14/35</name>
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        <name>RAIFFEISEN B V/R 12/20/32/EUR/</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
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          <isin value="XS2534786590"/>
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        <name>GNMA II P#4884 5% 12/20/40</name>
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          <isin value="US36202FM947"/>
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        <name>US TREAS NTS 3.625% 05/15/26</name>
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        <name>UMBS P#MA3564 4.5% 01/01/49</name>
        <lei>N/A</lei>
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        <name>UNITED RENTALS  3.75% 01/15/32</name>
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        <title>UNITED RENTALS NORTH AM REGD 3.75000000</title>
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          <isin value="US911365BP80"/>
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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>EQT CORP 5.7% 04/01/28</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
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        <cusip>26884LAQ2</cusip>
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          <isin value="US26884LAQ23"/>
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        <balance>52000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53099.74000000</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>AXALTA COATING 3.375% 02/15/29</name>
        <lei>N/A</lei>
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        <cusip>05453GAC9</cusip>
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        <valUSD>176993.09000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>VERISK ANALYTI 4.125% 03/15/29</name>
        <lei>549300I1YSWNIRKBWP67</lei>
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        <cusip>92345YAF3</cusip>
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        <name>PROGRESSIVE CORP 3.7% 03/15/52</name>
        <lei>529900TACNVLY9DCR586</lei>
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        <cusip>743315BA0</cusip>
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        <name>NVIDIA CORP 3.7% 04/01/60</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
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        <cusip>67066GAJ3</cusip>
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        <name>NORFOLK SOUTHE 3.942% 11/01/47</name>
        <lei>54930036C8MWP850MI84</lei>
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        <name>REPUBLICA ORIENT 5.1% 06/18/50</name>
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        <issuerCat>USGA</issuerCat>
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        <name>DUKE ENERGY CAR 6.05% 04/15/38</name>
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        <name>JAPAN TOBACCO I 5.85% 06/15/35</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WEYERHAEUSER CO 4% 03/09/52</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
        <title>WEYERHAEUSER CO REGD 4.00000000</title>
        <cusip>962166CB8</cusip>
        <identifiers>
          <isin value="US962166CB89"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18268.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC V/R 06/04/26</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC REGD V/R 2.09900000</title>
        <cusip>404280CG2</cusip>
        <identifiers>
          <isin value="US404280CG21"/>
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        <balance>580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>579914.53000000</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>2026-06-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.09900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BLUE OWL CREDIT 7.75% 09/16/27</name>
        <lei>5493003I42XBWPE05N35</lei>
        <title>BLUE OWL CREDIT INCOME REGD SER * 7.75000000</title>
        <cusip>69120VAP6</cusip>
        <identifiers>
          <isin value="US69120VAP67"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26023.72000000</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>2027-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NRG ENERGY INC 5.25% 06/15/29</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG ENERGY INC REGD 144A P/P 5.25000000</title>
        <cusip>629377CH3</cusip>
        <identifiers>
          <isin value="US629377CH34"/>
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        <balance>345000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>341354.11000000</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>2029-06-15</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>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"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19910.32000000</valUSD>
        <pctVal>0.001224147753</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>
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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#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"/>
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        <balance>83801.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80081.76000000</valUSD>
        <pctVal>0.004923673081</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>
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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>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"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69428.91000000</valUSD>
        <pctVal>0.004268703076</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43786.62000000</valUSD>
        <pctVal>0.002692136164</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13623.44000000</valUSD>
        <pctVal>0.000837611021</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40799.52000000</valUSD>
        <pctVal>0.002508480063</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48935.77000000</valUSD>
        <pctVal>0.003008721754</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33424.46000000</valUSD>
        <pctVal>0.002055038675</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>2530.80000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2532.76000000</valUSD>
        <pctVal>0.000155721880</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>67000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40844.81000000</valUSD>
        <pctVal>0.002511264631</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NOVA CHEMICALS C 8.5% 11/15/28</name>
        <lei>N/A</lei>
        <title>NOVA CHEMICALS CORP REGD 144A P/P 8.50000000</title>
        <cusip>66977WAT6</cusip>
        <identifiers>
          <isin value="US66977WAT62"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>158215.50000000</valUSD>
        <pctVal>0.009727575898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</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>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"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>805968.75000000</valUSD>
        <pctVal>0.049553439374</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>
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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 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"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19335.08000000</valUSD>
        <pctVal>0.001188780228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
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        <lei>ZXTILKJKG63JELOEG630</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MOODY'S CORPORATIO 2% 08/19/31</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>MOODY'S CORPORATION REGD 2.00000000</title>
        <cusip>615369AW5</cusip>
        <identifiers>
          <isin value="US615369AW51"/>
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        <balance>42000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35882.06000000</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>GENERAL MOTORS C 5.4% 04/01/48</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO REGD 5.40000000</title>
        <cusip>37045VAQ3</cusip>
        <identifiers>
          <isin value="US37045VAQ32"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21005.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SLG 2021-OVA  2.585% 07/15/31</name>
        <lei>N/A</lei>
        <title>SLG OFFICE TRUST 2021-OVA SER 2021-OVA CL A REGD 144A P/P 2.58540000</title>
        <cusip>78449RAA3</cusip>
        <identifiers>
          <isin value="US78449RAA32"/>
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        <balance>910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>787821.67000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.58540000</annualizedRt>
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      <invstOrSec>
        <name>GNMA II P#MA7367 2.5% 05/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7367 2.50000000</title>
        <cusip>36179WFG8</cusip>
        <identifiers>
          <isin value="US36179WFG87"/>
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        <curCd>USD</curCd>
        <valUSD>739195.76000000</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>2051-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>ROPER TECHNOLOG 1.75% 02/15/31</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>ROPER TECHNOLOGIES INC REGD 1.75000000</title>
        <cusip>776743AL0</cusip>
        <identifiers>
          <isin value="US776743AL02"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21177.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T INC 4.35% 03/01/29</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 4.35000000</title>
        <cusip>00206RHJ4</cusip>
        <identifiers>
          <isin value="US00206RHJ41"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54705.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</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>AMXCA 2023-2 A 4.8% 05/15/28</name>
        <lei>N/A</lei>
        <title>AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST SER 2023-2 CL A REGD 4.80000000</title>
        <cusip>02582JKB5</cusip>
        <identifiers>
          <isin value="US02582JKB51"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>279286.76000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRADE 2024-CES1  V/R 09/25/32</name>
        <lei>N/A</lei>
        <title>SALUDA GRADE ALTERNATIVE MORTGAGE TRUST SER 2024-CES1 CL A1 V/R REGD 144A P/P 6.30600000</title>
        <cusip>79581VAA0</cusip>
        <identifiers>
          <isin value="US79581VAA08"/>
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        <balance>3579788.52000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3606736.45000000</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>2054-03-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EMERSON ELECTRIC 2.8% 12/21/51</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
        <title>EMERSON ELECTRIC CO REGD 2.80000000</title>
        <cusip>291011BS2</cusip>
        <identifiers>
          <isin value="US291011BS25"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15168.03000000</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>2051-12-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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      <invstOrSec>
        <name>AMEREN ILLINOIS  2.9% 06/15/51</name>
        <lei>N/A</lei>
        <title>AMEREN ILLINOIS CO REGD 2.90000000</title>
        <cusip>02361DAX8</cusip>
        <identifiers>
          <isin value="US02361DAX84"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57782.06000000</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>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 04/22/32</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO REGD V/R 2.58000000</title>
        <cusip>46647PCC8</cusip>
        <identifiers>
          <isin value="US46647PCC86"/>
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        <balance>1955000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1724227.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.58000000</annualizedRt>
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      <invstOrSec>
        <name>ITC HOLDINGS CO 5.65% 05/09/34</name>
        <lei>N/A</lei>
        <title>ITC HOLDINGS CORP REGD 144A P/P 5.65000000</title>
        <cusip>465685AT2</cusip>
        <identifiers>
          <isin value="US465685AT20"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522721.77000000</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>2034-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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      <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"/>
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        <balance>111000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116425.39000000</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>2029-10-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.30300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18035.70000000</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>2050-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYNOPSYS INC 5% 04/01/32</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>SYNOPSYS INC REGD 5.00000000</title>
        <cusip>871607AD9</cusip>
        <identifiers>
          <isin value="US871607AD97"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130119.68000000</valUSD>
        <pctVal>0.008000158411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>
        <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"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25816.89000000</valUSD>
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      <invstOrSec>
        <name>CONOCOPHILLIPS  5.55% 03/15/54</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SEAGATE HDD CAY 8.25% 12/15/29</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>US TREAS BDS 2.875% 11/15/46</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.87500000</title>
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        <identifiers>
          <isin value="US912810RU43"/>
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        <curCd>USD</curCd>
        <valUSD>797812.50000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>META PLATFORMS  4.45% 08/15/52</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
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        <identifiers>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VERIZON COMMUN 4.272% 01/15/36</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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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 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"/>
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        <curCd>USD</curCd>
        <valUSD>347929.84000000</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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        <securityLending>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>50197.62000000</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>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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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20332.75000000</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 2.75% 12/10/51</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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        <cusip>58933YBF1</cusip>
        <identifiers>
          <isin value="US58933YBF16"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>233434.58000000</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>UMBS P#MA4325 2% 05/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4325 2.00000000</title>
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        <identifiers>
          <isin value="US31418DYX47"/>
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        <curCd>USD</curCd>
        <valUSD>4090302.51000000</valUSD>
        <pctVal>0.251484387518</pctVal>
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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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        <name>REPUBLIC OF PO 4.875% 10/04/33</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF POLAND REGD 4.87500000</title>
        <cusip>731011AV4</cusip>
        <identifiers>
          <isin value="US731011AV42"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98131.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PL</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SALESFORCE INC 3.05% 07/15/61</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>SALESFORCE INC REGD 3.05000000</title>
        <cusip>79466LAM6</cusip>
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          <isin value="US79466LAM63"/>
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        <curCd>USD</curCd>
        <valUSD>14762.69000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>IBRD 4.625% 01/15/32</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMENT MTN SER GMTN 4.62500000</title>
        <cusip>459058LQ4</cusip>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 07/22/27</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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          <isin value="US06051GJS93"/>
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      <invstOrSec>
        <name>BP CAP MARKETS 4.989% 04/10/34</name>
        <lei>N/A</lei>
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        <name>TRUIST FINANCIAL  V/R 06/08/34</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>BROADCOM INC 3.75% 02/15/51</name>
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        <title>BROADCOM INC REGD 144A P/P 3.75000000</title>
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        <valUSD>72340.76000000</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>2051-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UNION PACIFIC C 2.95% 03/10/52</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD 2.95000000</title>
        <cusip>907818FW3</cusip>
        <identifiers>
          <isin value="US907818FW39"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27844.31000000</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>2052-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENBRIDGE INC 2.5% 08/01/33</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC REGD 2.50000000</title>
        <cusip>29250NBF1</cusip>
        <identifiers>
          <isin value="US29250NBF15"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40676.19000000</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>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA P#AP1362 4% 11/15/45</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#AP1362 4.00000000</title>
        <cusip>36188MQP7</cusip>
        <identifiers>
          <isin value="US36188MQP76"/>
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        <balance>21965.21000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20472.54000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MERCK &amp; CO INC 4% 03/07/49</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MERCK &amp; CO INC REGD 4.00000000</title>
        <cusip>58933YAW5</cusip>
        <identifiers>
          <isin value="US58933YAW57"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38769.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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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>
        <cusip>91282CEF4</cusip>
        <identifiers>
          <isin value="US91282CEF41"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5848710.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</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>
        <name>US TREAS NTS 4.375% 12/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.37500000</title>
        <cusip>91282CMD0</cusip>
        <identifiers>
          <isin value="US91282CMD01"/>
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        <balance>1617000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1644034.22000000</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>2029-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEOK INC 5.2% 07/15/48</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 5.20000000</title>
        <cusip>682680AV5</cusip>
        <identifiers>
          <isin value="US682680AV54"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83981.21000000</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>2048-07-15</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>GNMA II P#MA7419 3% 06/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7419 3.00000000</title>
        <cusip>36179WG44</cusip>
        <identifiers>
          <isin value="US36179WG449"/>
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        <balance>469731.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>409620.84000000</valUSD>
        <pctVal>0.025184749981</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEMPRA 3.8% 02/01/38</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SEMPRA REGD 3.80000000</title>
        <cusip>816851BH1</cusip>
        <identifiers>
          <isin value="US816851BH17"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20217.23000000</valUSD>
        <pctVal>0.001243017525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>US TREAS BDS 4.625% 05/15/54</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.62500000</title>
        <cusip>912810UA4</cusip>
        <identifiers>
          <isin value="US912810UA42"/>
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        <balance>1810000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1717873.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ESSEX PORTFOLIO  5.5% 04/01/34</name>
        <lei>N/A</lei>
        <title>ESSEX PORTFOLIO LP REGD 5.50000000</title>
        <cusip>29717PBA4</cusip>
        <identifiers>
          <isin value="US29717PBA49"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170677.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</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>DT MIDSTREAM I 4.375% 06/15/31</name>
        <lei>N/A</lei>
        <title>DT MIDSTREAM INC REGD 144A P/P 4.37500000</title>
        <cusip>23345MAB3</cusip>
        <identifiers>
          <isin value="US23345MAB37"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51402.39000000</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>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>ALLY FINANCIAL I 6.7% 02/14/33</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC REGD 6.70000000</title>
        <cusip>02005NBS8</cusip>
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          <isin value="US02005NBS80"/>
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        <balance>95000.00000000</balance>
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        <valUSD>96520.19000000</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>2033-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FGLMC P#G16756 3.5% 01/01/34</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G16756 3.50000000</title>
        <cusip>3128MFWR5</cusip>
        <identifiers>
          <isin value="US3128MFWR50"/>
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        <balance>106347.16000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104169.12000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HARVEST MIDSTREA 7.5% 05/15/32</name>
        <lei>549300DW5M17KJOXCY66</lei>
        <title>HARVEST MIDSTREAM I LP REGD 144A P/P 7.50000000</title>
        <cusip>417558AB9</cusip>
        <identifiers>
          <isin value="US417558AB90"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92521.44000000</valUSD>
        <pctVal>0.005688502895</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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENTERGY LOUISIAN 4.2% 09/01/48</name>
        <lei>N/A</lei>
        <title>ENTERGY LOUISIANA LLC REGD 4.20000000</title>
        <cusip>29364WBB3</cusip>
        <identifiers>
          <isin value="US29364WBB37"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19365.59000000</valUSD>
        <pctVal>0.001190656076</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</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>VERIZON COMMUNI 4.78% 02/15/35</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 4.78000000</title>
        <cusip>92343VGY4</cusip>
        <identifiers>
          <isin value="US92343VGY48"/>
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        <balance>464000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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      <invstOrSec>
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        <name>LYB INT FINANCE  4.2% 10/15/49</name>
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        <name>BLOCK INC 3.5% 06/01/31</name>
        <lei>549300OHIIUWSTIZME52</lei>
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        <name>EIDP INC 4.8% 05/15/33</name>
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        <name>GNMA II P#MA9418 3% 01/20/54</name>
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        <name>APPLE INC 3.95% 08/08/52</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
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        <name>UMBS P#AL6854 3% 02/01/44</name>
        <lei>N/A</lei>
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        <name>STARWOOD PROPER 7.25% 04/01/29</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <name>ECHOSTAR CORP 10.75% 11/30/29</name>
        <lei>549300EE20907QZ9GT38</lei>
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        <name>GOLDMAN SACHS GROUP V/R /PERP/</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>RTX CORP 4.125% 11/16/28</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>GATX CORP 5.45% 09/15/33</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX CORP REGD 5.45000000</title>
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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>ESSENTIAL PROPE 2.95% 07/15/31</name>
        <lei>N/A</lei>
        <title>ESSENTIAL PROPER REGD 2.95000000</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>TOYOTA MOTOR CREDI 5% 08/14/26</name>
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      <invstOrSec>
        <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>
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      <invstOrSec>
        <name>ROGERS COMMUNICA 5.3% 02/15/34</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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        <name>US TREAS NTS 4.625% 04/30/29</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WELLTOWER OP L 4.125% 03/15/29</name>
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          <isin value="US95040QAH74"/>
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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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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LEHMAN BRTH HLD 6.75% 12/28/17</name>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FGLMC P#G08833 5% 07/01/48</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>42821.79000000</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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        <name>CANADIAN PACIFIC 3.1% 12/02/51</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <name>888 ACQUI 7.558% 07/15/27/EUR/</name>
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        <name>US BANCORP V/R 01/23/35</name>
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        <name>UMBS P#939419 V/R 05/01/37</name>
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        <name>FGLMC P#A78602 6% 06/01/38</name>
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        <valUSD>2238.90000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS P#MA4627 2% 06/01/37</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>BANK OF NY MELL 2.45% 08/17/26</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STARWOOD PROPERT 6.5% 07/01/30</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <name>ERP OPERATING L 1.85% 08/01/31</name>
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          <couponKind>Fixed</couponKind>
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        <name>AERCAP IRELAND CA V/R 03/10/55</name>
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          <isin value="US00774MBK09"/>
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        <curCd>USD</curCd>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDIT AGRICOL V/R /PERP//EUR/</name>
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          <isin value="FR001400F067"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>EXXON MOBIL CO 4.114% 03/01/46</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
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        <cusip>30231GAW2</cusip>
        <identifiers>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59901.45000000</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>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NUCOR CORP 5.1% 06/01/35</name>
        <lei>549300GGJCRSI2TIEJ46</lei>
        <title>NUCOR CORP REGD 5.10000000</title>
        <cusip>670346BA2</cusip>
        <identifiers>
          <isin value="US670346BA26"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>475334.29000000</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>PUB SVC NEW HAM 5.15% 01/15/53</name>
        <lei>N/A</lei>
        <title>PUB SVC NEW HAMP REGD 5.15000000</title>
        <cusip>744482BP4</cusip>
        <identifiers>
          <isin value="US744482BP42"/>
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        <balance>102000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91173.47000000</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 4% 11/15/42</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.00000000</title>
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        <balance>3671000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3280024.14000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>LOWE'S COS INC 3% 10/15/50</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE'S COS INC REGD 3.00000000</title>
        <cusip>548661DZ7</cusip>
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          <isin value="US548661DZ79"/>
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        <curCd>USD</curCd>
        <valUSD>30350.29000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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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>87075.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>UNITEDHEALTH G 3.875% 08/15/59</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 3.87500000</title>
        <cusip>91324PDV1</cusip>
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          <isin value="US91324PDV13"/>
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        <balance>120000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <name>AQFIT 2025-A C 5.81% 12/19/50</name>
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      <invstOrSec>
        <name>WAND NEWCO 3 I 7.625% 01/30/32</name>
        <lei>549300Y3VZEWMSQW8494</lei>
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          <isin value="US933940AA60"/>
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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>
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          <isin value="US88732JAU25"/>
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        <balance>25000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <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>
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          <isin value="US677415CU30"/>
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        <balance>438000.00000000</balance>
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        <valUSD>257554.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOEING CO 3.95% 08/01/59</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRANSATLANTIC HOLD 8% 11/30/39</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US893521AB05"/>
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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>PRUDENTIAL FINAN 5.7% 12/14/36</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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        <cusip>74432QAQ8</cusip>
        <identifiers>
          <isin value="US74432QAQ82"/>
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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>
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      <invstOrSec>
        <name>DUKE UNIVERSITY 3.92% 06/01/47</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US26443CAA18"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38068.10000000</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>2047-06-01</maturityDt>
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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>24988.30000000</valUSD>
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        <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>4.70000000</annualizedRt>
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        <name>US TREAS NTS 3.75% 04/15/28</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.75000000</title>
        <cusip>91282CMW8</cusip>
        <identifiers>
          <isin value="US91282CMW81"/>
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        <balance>1723000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1716740.67000000</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>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <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>
        <identifiers>
          <isin value="US970648AJ01"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23276.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <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>
        <identifiers>
          <isin value="US651639AW68"/>
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        <balance>133000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139618.84000000</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>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <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>
        <identifiers>
          <isin value="US3132DV3L71"/>
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        <curCd>USD</curCd>
        <valUSD>106915.39000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WESCO DISTRIBU 6.625% 03/15/32</name>
        <lei>N/A</lei>
        <title>WESCO DISTRIBUTION INC REGD 144A P/P 6.62500000</title>
        <cusip>95081QAR5</cusip>
        <identifiers>
          <isin value="US95081QAR56"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>451752.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <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>869428.14000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>DUKE ENERGY COR 4.85% 01/05/27</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
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        <cusip>26441CCB9</cusip>
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          <isin value="US26441CCB90"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50342.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>STATE OF ISRAEL 5.75% 03/12/54</name>
        <lei>N/A</lei>
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        <cusip>46514BRM1</cusip>
        <identifiers>
          <isin value="US46514BRM18"/>
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        <curCd>USD</curCd>
        <valUSD>1541537.52000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-12</maturityDt>
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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>
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        <curCd>USD</curCd>
        <valUSD>17864.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <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>93484.74000000</valUSD>
        <pctVal>0.005747729544</pctVal>
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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>
          <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>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>1527000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1007930.38000000</valUSD>
        <pctVal>0.061970661987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC V/R 03/09/34</name>
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      <invstOrSec>
        <name>ENTEGRIS INC 4.75% 04/15/29</name>
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        <name>RIO TINTO FIN  5.125% 03/09/53</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FGLMC P#Q09011 4% 06/01/42</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#Q09011 4.00000000</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>COMCAST CORP 1.5% 02/15/31</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITEDHEALTH GR 3.75% 10/15/47</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <cusip>91324PDF6</cusip>
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        <balance>153000.00000000</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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        <name>UMBS P#AE9743 3.5% 12/01/25</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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          <couponKind>Fixed</couponKind>
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        <name>BERKSHIRE HATH 2.875% 03/15/32</name>
        <lei>N/A</lei>
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          <isin value="US084664DA63"/>
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        <curCd>USD</curCd>
        <valUSD>45669.09000000</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>FGLMC P#G18716 3.5% 12/01/33</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <name>WFCM 2016-BNK 2.514% 09/15/25</name>
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        <name>CANADIAN NATL R 3.65% 02/03/48</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
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        <name>XPO INC 7.125% 06/01/31</name>
        <lei>54930096DB9LCLPN7H13</lei>
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        <name>TRIMAS CORP 4.125% 04/15/29</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
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      <invstOrSec>
        <name>QUALCOMM INC 4.8% 05/20/45</name>
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        <name>JPMORGAN CHASE &amp;  V/R 01/23/30</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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      <invstOrSec>
        <name>EQUINIX INC 2% 05/15/28</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
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        <valUSD>170768.74000000</valUSD>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FGLMC P#G08676 3.5% 11/01/45</name>
        <lei>N/A</lei>
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        <valUSD>111065.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JM SMUCKER CO 6.5% 11/15/53</name>
        <lei>5493000WDH6A0LHDJD55</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>OAKIG 2020-1A  5.11% 11/20/25</name>
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        <cusip>67181DAG6</cusip>
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          <isin value="US67181DAG60"/>
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        <balance>1675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1626010.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>BIG RIVER STEE 6.625% 01/31/29</name>
        <lei>N/A</lei>
        <title>BIG RIVER STEEL/BRS FIN REGD 144A P/P 6.62500000</title>
        <cusip>08949LAB6</cusip>
        <identifiers>
          <isin value="US08949LAB62"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60484.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ONEOK INC 4.5% 03/15/50</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 4.50000000</title>
        <cusip>682680BC6</cusip>
        <identifiers>
          <isin value="US682680BC64"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18891.84000000</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>2050-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REPUBLIC OF PH 1.648% 06/10/31</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PHILIPPINES REGD 1.64800000</title>
        <cusip>718286CK1</cusip>
        <identifiers>
          <isin value="US718286CK14"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>303718.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.64800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS  2.3% 06/01/30</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC REGD 2.30000000</title>
        <cusip>70450YAH6</cusip>
        <identifiers>
          <isin value="US70450YAH62"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216043.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</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>BOOZ ALLEN HAMI 5.95% 04/15/35</name>
        <lei>N/A</lei>
        <title>BOOZ ALLEN HAMILTON INC REGD 5.95000000</title>
        <cusip>09951LAD5</cusip>
        <identifiers>
          <isin value="US09951LAD55"/>
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        <balance>1205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1197644.92000000</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>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HILLENBRAND INC 3.75% 03/01/31</name>
        <lei>U246OE781574J2BUD366</lei>
        <title>HILLENBRAND INC REGD 3.75000000</title>
        <cusip>431571AE8</cusip>
        <identifiers>
          <isin value="US431571AE83"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92146.09000000</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>ONYP 2020-1NYP A V/R 01/15/23</name>
        <lei>N/A</lei>
        <title>ONE NEW YORK PLAZA TRUST 2020-1NYP SER 2020-1NYP CL A V/R REGD 144A P/P 5.39348000</title>
        <cusip>68249DAA7</cusip>
        <identifiers>
          <isin value="US68249DAA72"/>
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        <balance>3234000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3141666.39000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Variable</couponKind>
          <annualizedRt>5.39348000</annualizedRt>
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      <invstOrSec>
        <name>OLD REPUBLIC IN 3.85% 06/11/51</name>
        <lei>549300IV6O2YY2A1KH37</lei>
        <title>OLD REPUBLIC INTL CORP REGD 3.85000000</title>
        <cusip>680223AL8</cusip>
        <identifiers>
          <isin value="US680223AL88"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17267.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-11</maturityDt>
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        <name>RIO TINTO FIN U 2.75% 11/02/51</name>
        <lei>N/A</lei>
        <title>RIO TINTO FIN USA LTD REGD 2.75000000</title>
        <cusip>767201AT3</cusip>
        <identifiers>
          <isin value="US767201AT32"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14668.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <name>US TREAS NTS 4.25% 01/15/28</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
        <cusip>91282CMF5</cusip>
        <identifiers>
          <isin value="US91282CMF58"/>
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        <balance>2287000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2306877.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</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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        <name>PACIFIC GAS &amp; E 6.95% 03/15/34</name>
        <lei>N/A</lei>
        <title>PACIFIC GAS &amp; ELECTRIC REGD 6.95000000</title>
        <cusip>694308KP1</cusip>
        <identifiers>
          <isin value="US694308KP16"/>
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        <balance>111000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117807.67000000</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>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LFT 2025-1A E 8.91% 02/20/31</name>
        <lei>N/A</lei>
        <title>LENDMARK FUNDING TRUST 2025-1 SER 2025-1A CL E REGD 144A P/P 8.91000000</title>
        <cusip>52604QAE3</cusip>
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          <isin value="US52604QAE35"/>
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        <balance>1395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1418510.21000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2034-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.91000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KIMCO REALTY OP  3.8% 04/01/27</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>KIMCO REALTY OP LLC REGD 3.80000000</title>
        <cusip>49446RAS8</cusip>
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          <isin value="US49446RAS85"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24694.54000000</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>3.80000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNION PACIFIC  3.839% 03/20/60</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD 3.83900000</title>
        <cusip>907818FG8</cusip>
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          <isin value="US907818FG88"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#FM8851 1.5% 09/01/36</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORP 3.65% 03/25/41</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RTX CORP 2.82% 09/01/51</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 2.82000000</title>
        <cusip>75513ECL3</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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>ALLEG 2021-1A B V/R 07/20/34</name>
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        <cusip>01750WAE9</cusip>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ABBVIE INC 4.55% 03/15/35</name>
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          <isin value="US00287YCY32"/>
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        <curCd>USD</curCd>
        <valUSD>190656.65000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENI SPA 5.75% 05/19/35</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>ENI SPA REGD 144A P/P 5.75000000</title>
        <cusip>26874RAQ1</cusip>
        <identifiers>
          <isin value="US26874RAQ11"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>379745.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <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>
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        <curCd>USD</curCd>
        <valUSD>140927.36000000</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>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <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>
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        <curCd>USD</curCd>
        <valUSD>49079.05000000</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>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>IMOLA MERGER CO 4.75% 05/15/29</name>
        <lei>N/A</lei>
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        <cusip>45258LAA5</cusip>
        <identifiers>
          <isin value="US45258LAA52"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182184.45000000</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>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>EASTMAN CHEMIC 5.625% 02/20/34</name>
        <lei>FDPVHDGJ1IQZFK9KH630</lei>
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        <cusip>277432AY6</cusip>
        <identifiers>
          <isin value="US277432AY69"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24942.33000000</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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          <maturityDt>2034-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>AMXCA 2022-3 A 3.75% 08/15/25</name>
        <lei>N/A</lei>
        <title>AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST SER 2022-3 CL A REGD 3.75000000</title>
        <cusip>02582JJV3</cusip>
        <identifiers>
          <isin value="US02582JJV35"/>
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        <balance>118000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117816.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>US TREAS NTS 4% 07/31/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.00000000</title>
        <cusip>91282CLC3</cusip>
        <identifiers>
          <isin value="US91282CLC37"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002050.78000000</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>2029-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>BOSTON PROPERTIE 6.5% 01/15/34</name>
        <lei>N/A</lei>
        <title>BOSTON PROPERTIES LP REGD 6.50000000</title>
        <cusip>10112RBH6</cusip>
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          <isin value="US10112RBH66"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26257.63000000</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>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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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>147000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118838.78000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
        <cusip>404119BY4</cusip>
        <identifiers>
          <isin value="US404119BY43"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22897.35000000</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>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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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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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22486.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <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>193000.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <valUSD>541255.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <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>
        <cusip>91324PEL2</cusip>
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          <isin value="US91324PEL22"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53360.37000000</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>2062-05-15</maturityDt>
          <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>
        <identifiers>
          <isin value="US57636QAT13"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15889.69000000</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>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GATX CORP 6.05% 06/05/54</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX CORP REGD 6.05000000</title>
        <cusip>361448BR3</cusip>
        <identifiers>
          <isin value="US361448BR38"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>262596.11000000</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>2054-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>PRAIRIE ACQUIROR L 9% 08/01/29</name>
        <lei>N/A</lei>
        <title>PRAIRIE ACQUIROR LP REGD 144A P/P 9.00000000</title>
        <cusip>73943NAA4</cusip>
        <identifiers>
          <isin value="US73943NAA46"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508801.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALT DISNEY COM 6.65% 11/15/37</name>
        <lei>549300GZKULIZ0WOW665</lei>
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        <cusip>254687EH5</cusip>
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          <isin value="US254687EH59"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33737.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.65000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIPPON LIFE INSUR V/R 09/16/51</name>
        <lei>549300Y0HHMFW3EVWY08</lei>
        <title>NIPPON LIFE INSURANCE REGD V/R 144A P/P 2.90000000</title>
        <cusip>654579AK7</cusip>
        <identifiers>
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        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>469584.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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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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        <curCd>USD</curCd>
        <valUSD>798277.39000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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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>
        <identifiers>
          <isin value="US666807CH36"/>
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        <balance>334000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>328099.59000000</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>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>AMER SPORTS COM 6.75% 02/16/31</name>
        <lei>N/A</lei>
        <title>AMER SPORTS COMPANY REGD 144A P/P 6.75000000</title>
        <cusip>02352NAA7</cusip>
        <identifiers>
          <isin value="US02352NAA72"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108595.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>EQUINIX INC 3.2% 11/18/29</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQUINIX INC REGD 3.20000000</title>
        <cusip>29444UBE5</cusip>
        <identifiers>
          <isin value="US29444UBE55"/>
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        <balance>333000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>313496.28000000</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>2029-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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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>
        <cusip>00817YAF5</cusip>
        <identifiers>
          <isin value="US00817YAF51"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26323.60000000</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>2036-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>ANHEUSER-BUSCH I 4.9% 02/01/46</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH INBEV FIN REGD 4.90000000</title>
        <cusip>035242AN6</cusip>
        <identifiers>
          <isin value="US035242AN64"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45011.09000000</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>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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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>
        <identifiers>
          <isin value="US91282CJQ50"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>984628.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RTX CORP 5.375% 02/27/53</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 5.37500000</title>
        <cusip>75513ECS8</cusip>
        <identifiers>
          <isin value="US75513ECS81"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92794.05000000</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>2053-02-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VENTURE GLOBAL 8.125% 06/01/28</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENTURE GLOBAL LNG INC REGD 144A P/P 8.12500000</title>
        <cusip>92332YAA9</cusip>
        <identifiers>
          <isin value="US92332YAA91"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204824.40000000</valUSD>
        <pctVal>0.012593234524</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IBRD 4.5% 04/10/31</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMENT 4.50000000</title>
        <cusip>459058LF8</cusip>
        <identifiers>
          <isin value="US459058LF82"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101964.50000000</valUSD>
        <pctVal>0.006269091288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>LORCA TELECOM 4% 09/18/27/EUR/</name>
        <lei>N/A</lei>
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        <cusip>E7S1A4AA6</cusip>
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          <isin value="XS2240463674"/>
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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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      <invstOrSec>
        <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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          <maturityDt>2034-06-12</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOMNIGROUP INTL IN 4% 04/15/29</name>
        <lei>549300HFEKVR3US71V91</lei>
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        <cusip>88023UAH4</cusip>
        <identifiers>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207437.19000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GARDA WORLD SE 4.625% 02/15/27</name>
        <lei>N/A</lei>
        <title>GARDA WORLD SECURITY REGD 144A P/P 4.62500000</title>
        <cusip>36485MAK5</cusip>
        <identifiers>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103721.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC V/R 08/11/33</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <cusip>404280DH9</cusip>
        <identifiers>
          <isin value="US404280DH94"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201490.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-11</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD8194 2.5% 02/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8194 2.50000000</title>
        <cusip>3132DWC76</cusip>
        <identifiers>
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        <balance>2109908.64000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1723329.74000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CANADIAN PACIFIC 4.7% 05/01/48</name>
        <lei>N/A</lei>
        <title>CANADIAN PACIFIC RAILWAY REGD 4.70000000</title>
        <cusip>13648TAF4</cusip>
        <identifiers>
          <isin value="US13648TAF49"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21339.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>CROWN CASTLE INC 5% 01/11/28</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INC REGD 5.00000000</title>
        <cusip>22822VBA8</cusip>
        <identifiers>
          <isin value="US22822VBA89"/>
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        <balance>109000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109650.74000000</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>2028-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ISTANBUL METROP 10.5% 12/06/28</name>
        <lei>213800T1VDQSNKA2MD76</lei>
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        <cusip>46522TAC2</cusip>
        <identifiers>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213878.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PEPSICO INC 2.625% 10/21/41</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 2.62500000</title>
        <cusip>713448FF0</cusip>
        <identifiers>
          <isin value="US713448FF06"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17207.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>GNMA II P#MA9235 2.5% 10/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA9235 2.50000000</title>
        <cusip>36179YHL1</cusip>
        <identifiers>
          <isin value="US36179YHL11"/>
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        <balance>3323449.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2788304.19000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>20971.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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      <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>105961.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95582.80000000</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>2047-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <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>136000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79346.05000000</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>
          <annualizedRt>2.60000000</annualizedRt>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>498056.11000000</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>2034-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>CENTENE CORP 4.25% 12/15/27</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CENTENE CORP REGD SER WI 4.25000000</title>
        <cusip>15135BAR2</cusip>
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          <isin value="US15135BAR24"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48859.56000000</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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      <invstOrSec>
        <name>WORLDLINE 4.125% 09/12/28/EUR/</name>
        <lei>549300CJMQNCA0U4TS33</lei>
        <title>WORLDLINE SA/FRANCE /EUR/ REGD REG S EMTN 4.12500000</title>
        <cusip>F9867TJC8</cusip>
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          <isin value="FR001400KLT5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LAS VEGAS SANDS  6.2% 08/15/34</name>
        <lei>549300DUOO1KXOHPM605</lei>
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        <cusip>517834AL1</cusip>
        <identifiers>
          <isin value="US517834AL18"/>
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        <balance>1235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1223407.68000000</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>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <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>208259.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182116.93000000</valUSD>
        <pctVal>0.011197109379</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>
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          <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>31137.97000000</valUSD>
        <pctVal>0.001914458232</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 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>PA</units>
        <curCd>USD</curCd>
        <valUSD>86415.36000000</valUSD>
        <pctVal>0.005313082303</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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        <securityLending>
          <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>98376.11000000</valUSD>
        <pctVal>0.006048466026</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>
        <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>6885.05000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6889.77000000</valUSD>
        <pctVal>0.000423604265</pctVal>
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        <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>
        <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>193979.85000000</valUSD>
        <pctVal>0.011926478212</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>
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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>UMBS P#SD7554 2.5% 04/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD7554 2.50000000</title>
        <cusip>3132DVMB8</cusip>
        <identifiers>
          <isin value="US3132DVMB89"/>
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        <balance>1878715.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1554540.73000000</valUSD>
        <pctVal>0.095577948672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>KRAFT HEINZ FOOD 5.2% 07/15/45</name>
        <lei>N/A</lei>
        <title>KRAFT HEINZ FOODS CO REGD 5.20000000</title>
        <cusip>50077LAM8</cusip>
        <identifiers>
          <isin value="US50077LAM81"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159554.96000000</valUSD>
        <pctVal>0.009809930021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLDMAN SACHS G 4.25% 10/21/25</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC REGD 4.25000000</title>
        <cusip>38141GVR2</cusip>
        <identifiers>
          <isin value="US38141GVR28"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129797.93000000</valUSD>
        <pctVal>0.007980376230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DH EUROPE FINANC 3.4% 11/15/49</name>
        <lei>N/A</lei>
        <title>DH EUROPE FINANCE II REGD 3.40000000</title>
        <cusip>23291KAK1</cusip>
        <identifiers>
          <isin value="US23291KAK16"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17305.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#CB1917 3% 10/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CB1917 3.00000000</title>
        <cusip>3140QMDX9</cusip>
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          <isin value="US3140QMDX98"/>
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        <curCd>USD</curCd>
        <valUSD>844297.54000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>ENERGY TRANSFER  5.3% 04/15/47</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD 5.30000000</title>
        <cusip>29273RBL2</cusip>
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          <isin value="US29273RBL24"/>
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        <valUSD>15290.42000000</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>2047-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>EQUINOR ASA 3.7% 04/06/50</name>
        <lei>N/A</lei>
        <title>EQUINOR ASA REGD 3.70000000</title>
        <cusip>29446MAH5</cusip>
        <identifiers>
          <isin value="US29446MAH51"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18120.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BRISTOL-MYERS S 4.55% 02/20/48</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BRISTOL-MYERS SQUIBB CO REGD 4.55000000</title>
        <cusip>110122DL9</cusip>
        <identifiers>
          <isin value="US110122DL93"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41789.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#CB3901 3.5% 06/01/52</name>
        <lei>N/A</lei>
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        <cusip>3140QPKP1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GENERAL MOTORS  5.15% 04/01/38</name>
        <lei>54930070NSV60J38I987</lei>
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        <cusip>37045VAP5</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>METLIFE INC 4.125% 08/13/42</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <cusip>59156RBD9</cusip>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POST HOLDINGS I 6.25% 02/15/32</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <cusip>737446AU8</cusip>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218874.52000000</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>2032-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BUILDERS FIRST 6.375% 03/01/34</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSOURCE INC REGD 144A P/P 6.37500000</title>
        <cusip>12008RAS6</cusip>
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          <isin value="US12008RAS67"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99720.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQT CORP 3.9% 10/01/27</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT CORP REGD 3.90000000</title>
        <cusip>26884LAF6</cusip>
        <identifiers>
          <isin value="US26884LAF67"/>
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        <balance>236000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>232068.84000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MGM RESORTS IN 6.125% 09/15/29</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM RESORTS INTL REGD 6.12500000</title>
        <cusip>552953CK5</cusip>
        <identifiers>
          <isin value="US552953CK50"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281490.16000000</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>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITIGROUP INC 6.675% 09/13/43</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD 6.67500000</title>
        <cusip>172967HA2</cusip>
        <identifiers>
          <isin value="US172967HA25"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105929.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.67500000</annualizedRt>
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      <invstOrSec>
        <name>ATHENE HOLDING  6.15% 04/03/30</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>ATHENE HOLDING LTD REGD 6.15000000</title>
        <cusip>04686JAB7</cusip>
        <identifiers>
          <isin value="US04686JAB70"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26229.95000000</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>2030-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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      <invstOrSec>
        <name>TEXTRON INC 3.9% 09/17/29</name>
        <lei>3PPKBHUG1HD6BO7RNR87</lei>
        <title>TEXTRON INC REGD 3.90000000</title>
        <cusip>883203CA7</cusip>
        <identifiers>
          <isin value="US883203CA75"/>
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        <balance>218000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209695.97000000</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>2029-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CABOT CORP 5% 06/30/32</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>CABOT CORP REGD 5.00000000</title>
        <cusip>127055AM3</cusip>
        <identifiers>
          <isin value="US127055AM33"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24591.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UST BDS 4.375%  DUE 2/15/38</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.37500000</title>
        <cusip>912810PW2</cusip>
        <identifiers>
          <isin value="US912810PW27"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103002.54000000</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>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>REPUBLIC OF COLOMB 8% 11/14/35</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF COLOMBIA REGD 8.00000000</title>
        <cusip>195325EL5</cusip>
        <identifiers>
          <isin value="US195325EL56"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375828.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-14</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INTERNATIONAL P 4.35% 08/15/48</name>
        <lei>824LMFJDH41EY779Q875</lei>
        <title>INTERNATIONAL PAPER CO REGD 4.35000000</title>
        <cusip>460146CS0</cusip>
        <identifiers>
          <isin value="US460146CS07"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19355.79000000</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>DXC TECHNOLOGY 2.375% 09/15/28</name>
        <lei>549300DOVZ3EDJB7O259</lei>
        <title>DXC TECHNOLOGY CO REGD 2.37500000</title>
        <cusip>23355LAM8</cusip>
        <identifiers>
          <isin value="US23355LAM81"/>
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        <balance>88000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80588.67000000</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>2.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#BE7172 3% 03/01/32</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BE7172 3.00000000</title>
        <cusip>3140FS6J7</cusip>
        <identifiers>
          <isin value="US3140FS6J76"/>
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        <balance>74523.27000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72125.10000000</valUSD>
        <pctVal>0.004434473135</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO 4.95% 02/27/63</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; CO REGD 4.95000000</title>
        <cusip>532457CH9</cusip>
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          <isin value="US532457CH90"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21972.10000000</valUSD>
        <pctVal>0.001350912334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-02-27</maturityDt>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO G &amp; E 3.32% 04/15/50</name>
        <lei>N/A</lei>
        <title>SAN DIEGO G &amp; E REGD SER UUU 3.32000000</title>
        <cusip>797440BY9</cusip>
        <identifiers>
          <isin value="US797440BY99"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240798.88000000</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>2050-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TOTALENERGIES  4.724% 09/10/34</name>
        <lei>N/A</lei>
        <title>TOTALENERGIES CAPITAL SA REGD 4.72400000</title>
        <cusip>89157XAD3</cusip>
        <identifiers>
          <isin value="US89157XAD30"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97618.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.72400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AT&amp;T INC 6.05% 08/15/56</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 6.05000000</title>
        <cusip>00206RMZ2</cusip>
        <identifiers>
          <isin value="US00206RMZ28"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190186.07000000</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>2056-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IBM CORP 4.25% 05/15/49</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM CORP REGD 4.25000000</title>
        <cusip>459200KC4</cusip>
        <identifiers>
          <isin value="US459200KC42"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78811.22000000</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>2049-05-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREAS NTS 3.875% 08/15/33</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.87500000</title>
        <cusip>91282CHT1</cusip>
        <identifiers>
          <isin value="US91282CHT18"/>
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        <balance>1447000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1405455.27000000</valUSD>
        <pctVal>0.086411715734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>BAXTER INTERNA 3.132% 12/01/51</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
        <title>BAXTER INTERNATIONAL INC REGD 3.13200000</title>
        <cusip>071813CV9</cusip>
        <identifiers>
          <isin value="US071813CV90"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15353.03000000</valUSD>
        <pctVal>0.000943951538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.13200000</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>ASTRAZENECA PLC 4% 09/18/42</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC REGD 4.00000000</title>
        <cusip>046353AG3</cusip>
        <identifiers>
          <isin value="US046353AG32"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20749.16000000</valUSD>
        <pctVal>0.001275722218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-18</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>SIMON PROPERTY 3.375% 12/01/27</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP LP REGD 3.37500000</title>
        <cusip>828807DE4</cusip>
        <identifiers>
          <isin value="US828807DE42"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48846.39000000</valUSD>
        <pctVal>0.003003226397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN TRANSM 2.65% 01/15/32</name>
        <lei>N/A</lei>
        <title>AMERICAN TRANSMISSION SY REGD 144A P/P 2.65000000</title>
        <cusip>030288AC8</cusip>
        <identifiers>
          <isin value="US030288AC89"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130049.14000000</valUSD>
        <pctVal>0.007995821394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</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>UMBS P#SD1071 3.5% 04/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD1071 3.50000000</title>
        <cusip>3132DNFL2</cusip>
        <identifiers>
          <isin value="US3132DNFL29"/>
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        <balance>1594589.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1425878.57000000</valUSD>
        <pctVal>0.087667403077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>AT&amp;T INC 4.9% 08/15/37</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD SER WI 4.90000000</title>
        <cusip>00206RFW7</cusip>
        <identifiers>
          <isin value="US00206RFW79"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23594.71000000</valUSD>
        <pctVal>0.001450675391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>OFFICE CHERIFIE 6.75% 05/02/34</name>
        <lei>N/A</lei>
        <title>OFFICE CHERIFIEN DES PHO REGD 144A P/P 6.75000000</title>
        <cusip>67091TAF2</cusip>
        <identifiers>
          <isin value="US67091TAF21"/>
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        <balance>730000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>738062.85000000</valUSD>
        <pctVal>0.045378375640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>
        <name>UBS GROUP AG V/R 05/14/32</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG REGD V/R 144A P/P 3.09100000</title>
        <cusip>225401AU2</cusip>
        <identifiers>
          <isin value="US225401AU28"/>
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        <balance>1415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1266088.91000000</valUSD>
        <pctVal>0.077843042977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.09100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONCENTRIX CORP 6.6% 08/02/28</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>CONCENTRIX CORP REGD 6.60000000</title>
        <cusip>20602DAB7</cusip>
        <identifiers>
          <isin value="US20602DAB73"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26204.44000000</valUSD>
        <pctVal>0.001611129623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</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>CON EDISON CO O 3.95% 04/01/50</name>
        <lei>N/A</lei>
        <title>CON EDISON CO OF NY INC REGD SER 20B 3.95000000</title>
        <cusip>209111FY4</cusip>
        <identifiers>
          <isin value="US209111FY40"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30181.82000000</valUSD>
        <pctVal>0.001855671187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENTERGY LOUISIA 5.15% 09/15/34</name>
        <lei>N/A</lei>
        <title>ENTERGY LOUISIANA LLC REGD 5.15000000</title>
        <cusip>29364WBP2</cusip>
        <identifiers>
          <isin value="US29364WBP23"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24698.81000000</valUSD>
        <pctVal>0.001518558857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</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>
        <name>BANK OF AMERICA C V/R 08/15/35</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP REGD V/R MTN 5.42500000</title>
        <cusip>06051GMB2</cusip>
        <identifiers>
          <isin value="US06051GMB22"/>
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        <balance>790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>772982.48000000</valUSD>
        <pctVal>0.047525341969</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>Variable</couponKind>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIM 2023-R1 A1A V/R 04/25/62</name>
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        <name>UMBS P#SD0907 3% 02/01/52</name>
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        <name>GENERAL MOTORS  6.75% 04/01/46</name>
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        <lei>62QBXGPJ34PQ72Z12S66</lei>
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        <name>MICRON TECHNOL 5.875% 09/15/33</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
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        <cusip>595112CB7</cusip>
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        <name>ENTERPRISE PRODU 3.7% 01/31/51</name>
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        <title>ENTERPRISE PRODUCTS OPER REGD 3.70000000</title>
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          <isin value="US29379VBY83"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PRUDENTIAL FIN 3.935% 12/07/49</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC REGD SER WI 3.93500000</title>
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          <isin value="US744320BA94"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>KYNDRYL HOLDINGS 2.7% 10/15/28</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#AR7721 2.5% 02/01/28</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>NETFLIX INC 4.9% 08/15/34</name>
        <lei>549300Y7VHGU0I7CE873</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EMRLD BOR / EM 6.625% 12/15/30</name>
        <lei>N/A</lei>
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        <cusip>29103CAA6</cusip>
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          <isin value="US29103CAA62"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>581742.45000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>S&amp;P GLOBAL INC 3.7% 03/01/52</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P GLOBAL INC REGD 3.70000000</title>
        <cusip>78409VBL7</cusip>
        <identifiers>
          <isin value="US78409VBL71"/>
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        <curCd>USD</curCd>
        <valUSD>18440.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#CB5675 4.5% 02/01/53</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#CB5675 4.50000000</title>
        <cusip>3140QRJV6</cusip>
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          <isin value="US3140QRJV65"/>
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        <curCd>USD</curCd>
        <valUSD>2657339.60000000</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>4.50000000</annualizedRt>
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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>
        <identifiers>
          <isin value="US74251VAR33"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24197.15000000</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>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>SERVICE CORP I 5.125% 06/01/29</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SERVICE CORP INTL REGD 5.12500000</title>
        <cusip>817565CE2</cusip>
        <identifiers>
          <isin value="US817565CE22"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198075.18000000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>PEPSICO INC 4.2% 07/18/52</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 4.20000000</title>
        <cusip>713448FN3</cusip>
        <identifiers>
          <isin value="US713448FN30"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19869.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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      <invstOrSec>
        <name>MATCH GROUP HL 4.125% 08/01/30</name>
        <lei>N/A</lei>
        <title>MATCH GROUP HLD II LLC REGD 144A P/P 4.12500000</title>
        <cusip>57665RAL0</cusip>
        <identifiers>
          <isin value="US57665RAL06"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193861.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BRISTOL-MYERS SQ 5.1% 02/22/31</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <cusip>110122EG9</cusip>
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        <balance>273000.00000000</balance>
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        <valUSD>279337.34000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ABN AMRO BANK N 4.75% 07/28/25</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO BANK NV REGD 144A P/P MTN 4.75000000</title>
        <cusip>00080QAF2</cusip>
        <identifiers>
          <isin value="US00080QAF28"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259933.90000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>ONEOK INC 3.95% 03/01/50</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 3.95000000</title>
        <cusip>682680CA9</cusip>
        <identifiers>
          <isin value="US682680CA99"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34176.36000000</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>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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        <name>CHARTER COMM OPT 3.5% 03/01/42</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD 3.50000000</title>
        <cusip>161175CE2</cusip>
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          <isin value="US161175CE27"/>
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        <balance>50000.00000000</balance>
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        <valUSD>34549.24000000</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>3.50000000</annualizedRt>
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        <name>SUPERIOR PLUS/GE 4.5% 03/15/29</name>
        <lei>N/A</lei>
        <title>SUPERIOR PLUS/GEN PRTNR REGD 144A P/P 4.50000000</title>
        <cusip>86828LAC6</cusip>
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          <isin value="US86828LAC63"/>
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        <balance>80000.00000000</balance>
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        <valUSD>76111.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>HOME DEPOT INC 4.95% 09/15/52</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC REGD 4.95000000</title>
        <cusip>437076CT7</cusip>
        <identifiers>
          <isin value="US437076CT73"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22106.12000000</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>2052-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</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>PG&amp;E CORP V/R 03/15/55</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E CORP REGD V/R 7.37500000</title>
        <cusip>69331CAM0</cusip>
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          <isin value="US69331CAM01"/>
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        <balance>1435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1408761.17000000</valUSD>
        <pctVal>0.086614972641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>CIM 2021-R3 A1A V/R 06/25/57</name>
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      <invstOrSec>
        <name>GNMA II P#MA7704 2% 11/20/51</name>
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      <invstOrSec>
        <name>UNITED STATES  6.875% 03/01/29</name>
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        <name>QUEENS HEALTH S 4.81% 07/01/52</name>
        <lei>5493002Y81US5EEDOV69</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MOSAIC CO 5.625% 11/15/43</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
        <title>MOSAIC CO REGD 5.62500000</title>
        <cusip>61945CAE3</cusip>
        <identifiers>
          <isin value="US61945CAE30"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23467.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MCDONALD'S CORP 4.45% 09/01/48</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
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        <cusip>58013MFH2</cusip>
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          <isin value="US58013MFH25"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20536.97000000</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>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>APA CORP 5.35% 07/01/49</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA CORP REGD 144A P/P 5.35000000</title>
        <cusip>03743QAN8</cusip>
        <identifiers>
          <isin value="US03743QAN88"/>
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        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>551176.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#BW9886 4.5% 10/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BW9886 4.50000000</title>
        <cusip>3140N26Y2</cusip>
        <identifiers>
          <isin value="US3140N26Y26"/>
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        <curCd>USD</curCd>
        <valUSD>1838906.27000000</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>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>AT&amp;T INC 5.4% 02/15/34</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 5.40000000</title>
        <cusip>00206RMT6</cusip>
        <identifiers>
          <isin value="US00206RMT67"/>
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        <balance>83000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>83994.14000000</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>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>SYNOPSYS INC 4.85% 04/01/30</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>SYNOPSYS INC REGD 4.85000000</title>
        <cusip>871607AC1</cusip>
        <identifiers>
          <isin value="US871607AC15"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161279.30000000</valUSD>
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        <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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      <invstOrSec>
        <name>UMBS P#MA4356 2.5% 06/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4356 2.50000000</title>
        <cusip>31418DZW5</cusip>
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        <curCd>USD</curCd>
        <valUSD>521753.30000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>UMBS P#MA4128 2% 09/01/40</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4128 2.00000000</title>
        <cusip>31418DSS2</cusip>
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          <isin value="US31418DSS26"/>
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        <valUSD>67269.54000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>NORTHWESTERN MU 6.17% 05/29/55</name>
        <lei>1DU7IM20QESYGDO4HO54</lei>
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        <cusip>668138AF7</cusip>
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        <curCd>USD</curCd>
        <valUSD>523846.73000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.17000000</annualizedRt>
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        <name>CHENIERE ENERGY 3.25% 01/31/32</name>
        <lei>5493005UEC8AZ34LDV29</lei>
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        <cusip>16411QAN1</cusip>
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          <isin value="US16411QAN16"/>
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        <valUSD>426285.28000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <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>
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          <isin value="US161175BK95"/>
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        <curCd>USD</curCd>
        <valUSD>197439.01000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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        <name>US TREAS BDS 2.375% 05/15/51</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.37500000</title>
        <cusip>912810SX7</cusip>
        <identifiers>
          <isin value="US912810SX72"/>
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        <balance>4040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2494305.45000000</valUSD>
        <pctVal>0.153357576082</pctVal>
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        <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>
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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>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GNMA II P#MA7366 2% 05/20/51</name>
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      <invstOrSec>
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        <name>BUCKEYE PARTNE 6.875% 07/01/29</name>
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        <name>FGLMC P#G67711 4% 03/01/48</name>
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        <issuerCat>USGA</issuerCat>
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        <name>GNMA II P#MA8873 2.5% 05/20/53</name>
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        <name>ICELAND  10.875% 12/15/27/GBP/</name>
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        <name>NIKE INC 3.875% 11/01/45</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
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        <name>TUI CRUISES G 5% 05/15/30/EUR/</name>
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        <name>BERRY GLOBAL IN 5.65% 01/15/34</name>
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        <name>UMBS P#CB6326 5.5% 05/01/53</name>
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        <name>PPL ELECTRIC UT 5.25% 05/15/53</name>
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        <name>HSBC HOLDINGS PLC V/R 11/18/35</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <name>US TREAS NTS 3.75% 04/15/26</name>
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        <issuerCat>UST</issuerCat>
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        <name>ROCKETMTGE CO- 3.625% 03/01/29</name>
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        <title>ROCKETMTGE CO-ISSUER INC REGD 144A P/P 3.62500000</title>
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        <name>BMD2 2019-FRR1 5 V/R 05/25/52</name>
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        <name>FORD MOTOR CREDI 2.7% 08/10/26</name>
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        <name>VERUS 2021-5 A1 V/R 09/25/66</name>
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        <name>SIMON PROPERTY  6.25% 01/15/34</name>
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        <name>TRANSCONT GAS PI 4.6% 03/15/48</name>
        <lei>N/A</lei>
        <title>TRANSCONT GAS PIPE LINE REGD SER WI 4.60000000</title>
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          <couponKind>Fixed</couponKind>
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        <name>PHILIP MORRIS  4.125% 03/04/43</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <cusip>718172AW9</cusip>
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        <curCd>USD</curCd>
        <valUSD>20358.24000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>WESTPAC BANKING  2.7% 08/19/26</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <cusip>961214DC4</cusip>
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          <isin value="US961214DC40"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98211.32000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>WELLS FARGO BA 5.254% 12/11/26</name>
        <lei>N/A</lei>
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        <name>EXXON MOBIL CO 3.482% 03/19/30</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
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        <name>BROADCOM INC 4.926% 05/15/37</name>
        <lei>549300WV6GIDOZJTV909</lei>
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        <name>JPMORGAN CHASE &amp;  V/R 06/01/34</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <name>GNMA II P#MA8428 5% 11/20/52</name>
        <lei>N/A</lei>
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        <name>MICROSOFT CORP 4.5% 02/06/57</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
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        <cusip>594918CB8</cusip>
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        <valUSD>44123.94000000</valUSD>
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        <name>NORTHERN STATES  5.1% 05/15/53</name>
        <lei>N/A</lei>
        <title>NORTHERN STATES PWR-MINN REGD 5.10000000</title>
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          <isin value="US665772CX54"/>
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        <valUSD>55746.61000000</valUSD>
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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>CITIGROUP INC V/R 05/24/33</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD V/R 4.91000000</title>
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          <isin value="US172967NU15"/>
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        <curCd>USD</curCd>
        <valUSD>215922.41000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KODIAK GAS SERV 7.25% 02/15/29</name>
        <lei>N/A</lei>
        <title>KODIAK GAS SERVICES LLC REGD 144A P/P 7.25000000</title>
        <cusip>50012LAC8</cusip>
        <identifiers>
          <isin value="US50012LAC81"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102547.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <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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        <curCd>USD</curCd>
        <valUSD>99068.26000000</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>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>
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        <curCd>USD</curCd>
        <valUSD>609013.75000000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>40305.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.98700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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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        <curCd>USD</curCd>
        <valUSD>579102.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>24686.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PG&amp;E CORP 5.25% 07/01/30</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E CORP REGD 5.25000000</title>
        <cusip>69331CAJ7</cusip>
        <identifiers>
          <isin value="US69331CAJ71"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>174786.00000000</valUSD>
        <pctVal>0.010746381239</pctVal>
        <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>5.25000000</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>PACIFIC GAS &amp; EL 6.4% 06/15/33</name>
        <lei>N/A</lei>
        <title>PACIFIC GAS &amp; ELECTRIC REGD 6.40000000</title>
        <cusip>694308KM8</cusip>
        <identifiers>
          <isin value="US694308KM84"/>
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        <balance>179000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>184002.40000000</valUSD>
        <pctVal>0.011313033877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</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>ALEXANDRIA REAL 3.95% 01/15/27</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ALEXANDRIA REAL ESTATE E REGD 3.95000000</title>
        <cusip>015271AJ8</cusip>
        <identifiers>
          <isin value="US015271AJ82"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24753.66000000</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>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC STORAGE  1.85% 05/01/28</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>PUBLIC STORAGE OP CO REGD 1.85000000</title>
        <cusip>74460WAD9</cusip>
        <identifiers>
          <isin value="US74460WAD92"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23323.87000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.85000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>US TREAS BDS 4.625% 05/15/44</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.62500000</title>
        <cusip>912810UB2</cusip>
        <identifiers>
          <isin value="US912810UB25"/>
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        <balance>20100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19305029.32000000</valUSD>
        <pctVal>1.186932619946</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</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>SABINE PASS LIQU 4.2% 03/15/28</name>
        <lei>N/A</lei>
        <title>SABINE PASS LIQUEFACTION REGD SER WI 4.20000000</title>
        <cusip>785592AU0</cusip>
        <identifiers>
          <isin value="US785592AU04"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39611.97000000</valUSD>
        <pctVal>0.002435465834</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>4.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>US TREAS NTS 3.5% 09/30/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.50000000</title>
        <cusip>91282CLN9</cusip>
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          <isin value="US91282CLN91"/>
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        <curCd>USD</curCd>
        <valUSD>1964101.56000000</valUSD>
        <pctVal>0.120759009054</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>2029-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>SDAL 2025-DAL B V/R 04/15/27</name>
        <lei>N/A</lei>
        <title>SDAL TRUST 2025-DAL SER 2025-DAL CL B V/R REGD 144A P/P 7.26932000</title>
        <cusip>78437RAC3</cusip>
        <identifiers>
          <isin value="US78437RAC34"/>
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        <balance>3445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3474975.63000000</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>ONCOR ELECTRIC  4.55% 09/15/32</name>
        <lei>N/A</lei>
        <title>ONCOR ELECTRIC DELIVERY REGD 4.55000000</title>
        <cusip>68233JCK8</cusip>
        <identifiers>
          <isin value="US68233JCK88"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48676.28000000</valUSD>
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        <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>4.55000000</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>UMBS P#BM4299 3% 03/01/30</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BM4299 3.00000000</title>
        <cusip>3140J8X57</cusip>
        <identifiers>
          <isin value="US3140J8X570"/>
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        <balance>58554.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57807.07000000</valUSD>
        <pctVal>0.003554156583</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>
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        <name>COREBRIDGE FINA 6.05% 09/15/33</name>
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        <name>GNMA P#683353 5% 04/15/38</name>
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      <invstOrSec>
        <name>ROYAL BANK OF  4.875% 01/19/27</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PROLOGIS LP 2.125% 10/15/50</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US74340XBQ34"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72310.36000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARRIOTT INTERNA 5.3% 05/15/34</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
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        <cusip>571903BQ5</cusip>
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          <isin value="US571903BQ56"/>
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        <name>BROOKFLD FIN LL 3.45% 04/15/50</name>
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        <lei>549300JVQR4N1MMP3Q88</lei>
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          <isin value="US46188BAB80"/>
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      <invstOrSec>
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          <couponKind>Fixed</couponKind>
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        <name>GNMA II P#MA1448 3.5% 11/20/43</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>GOLDMAN SACHS GRO V/R 04/22/42</name>
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        <name>DOLP 2021-NYC 2.956% 05/10/31</name>
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        <name>INTER-AMERICAN 4.375% 02/01/27</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
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        <name>GOLDMAN SACHS GRO V/R 09/10/27</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <name>AMERICAN TOWER C 5.8% 11/15/28</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMERICAN TOWER CORP REGD 5.80000000</title>
        <cusip>03027XCE8</cusip>
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          <isin value="US03027XCE85"/>
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        <name>AON NORTH AMERI 5.75% 03/01/54</name>
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          <isin value="US03740MAF77"/>
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        <name>AIRCASTLE / IRE 5.25% 03/15/30</name>
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          <isin value="US00929JAB26"/>
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        <name>VISTRA OPERATIONS  5% 07/31/27</name>
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        <name>NUSTAR LOGISTI 6.375% 10/01/30</name>
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      <invstOrSec>
        <name>ONEOK INC 5.05% 11/01/34</name>
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        <name>PARTNERRE FINANCE V/R 10/01/50</name>
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        <name>CCO HLDGS LLC/CA 4.5% 05/01/32</name>
        <lei>N/A</lei>
        <title>CCO HLDGS LLC/CAP CORP REGD SER WI 4.50000000</title>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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      <invstOrSec>
        <name>GNMA II P#MA7195 3.5% 02/20/51</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>BAT INTL FINAN 4.448% 03/16/28</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>US TREAS BDS 2% 02/15/50</name>
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        <valUSD>1142734.38000000</valUSD>
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        <issuerCat>UST</issuerCat>
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      <invstOrSec>
        <name>MARATHON PETROL 5.15% 03/01/30</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
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        <cusip>56585ABK7</cusip>
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        <curCd>USD</curCd>
        <valUSD>25236.70000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CIVITAS RESOURC 8.75% 07/01/31</name>
        <lei>IIVIHPH28S64K95M2381</lei>
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        <cusip>17888HAB9</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CATERPILLAR IN 3.803% 08/15/42</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>CATERPILLAR INC REGD SER WI 3.80300000</title>
        <cusip>149123CB5</cusip>
        <identifiers>
          <isin value="US149123CB51"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40372.30000000</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>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80300000</annualizedRt>
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      <invstOrSec>
        <name>HARTFORD INSUR G 4.3% 04/15/43</name>
        <lei>IU7C3FTM7Y3BQM112U94</lei>
        <title>HARTFORD INSUR GRP INC/T REGD 4.30000000</title>
        <cusip>416515BB9</cusip>
        <identifiers>
          <isin value="US416515BB93"/>
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        <balance>4000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3303.53000000</valUSD>
        <pctVal>0.000203111192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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      <invstOrSec>
        <name>GLAXOSMITHKLIN 6.375% 05/15/38</name>
        <lei>N/A</lei>
        <title>GLAXOSMITHKLINE CAP INC REGD 6.37500000</title>
        <cusip>377372AE7</cusip>
        <identifiers>
          <isin value="US377372AE71"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54379.03000000</valUSD>
        <pctVal>0.003343390133</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>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>BALTIMORE GAS &amp; 3.75% 08/15/47</name>
        <lei>N/A</lei>
        <title>BALTIMORE GAS &amp; ELECTRIC REGD SER * 3.75000000</title>
        <cusip>059165EJ5</cusip>
        <identifiers>
          <isin value="US059165EJ51"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36810.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>NORDSTROM INC 4.375% 04/01/30</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC REGD 4.37500000</title>
        <cusip>655664AT7</cusip>
        <identifiers>
          <isin value="US655664AT70"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100354.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>CNOOC PETROLEUM  6.4% 05/15/37</name>
        <lei>N/A</lei>
        <title>CNOOC PETROLEUM NORTH REGD 6.40000000</title>
        <cusip>65334HAG7</cusip>
        <identifiers>
          <isin value="US65334HAG74"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28684.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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        <name>NEXTERA ENERGY  2.25% 06/01/30</name>
        <lei>N/A</lei>
        <title>NEXTERA ENERGY CAPITAL REGD 2.25000000</title>
        <cusip>65339KBR0</cusip>
        <identifiers>
          <isin value="US65339KBR05"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44459.85000000</valUSD>
        <pctVal>0.002733528417</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>GNMA II P#MA4588 4.5% 07/20/47</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4588 4.50000000</title>
        <cusip>36179TCZ6</cusip>
        <identifiers>
          <isin value="US36179TCZ66"/>
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        <balance>217993.31000000</balance>
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        <curCd>USD</curCd>
        <valUSD>211167.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2047-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>UNITED AIR 202 4.875% 01/15/26</name>
        <lei>N/A</lei>
        <title>UNITED AIR 2020-1 B PTT REGD 4.87500000</title>
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        <identifiers>
          <isin value="US90932VAA35"/>
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        <balance>481943.75000000</balance>
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        <curCd>USD</curCd>
        <valUSD>479716.59000000</valUSD>
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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>4.87500000</annualizedRt>
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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>
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          <isin value="US694308JQ18"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81827.32000000</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>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>40266.95000000</valUSD>
        <pctVal>0.002475736020</pctVal>
        <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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          <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>KEURIG DR PEPPER 4.6% 05/15/30</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>KEURIG DR PEPPER INC REGD 4.60000000</title>
        <cusip>49271VBA7</cusip>
        <identifiers>
          <isin value="US49271VBA70"/>
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        <balance>255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253682.50000000</valUSD>
        <pctVal>0.015597180888</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>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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>872108.82000000</valUSD>
        <pctVal>0.053619934445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.13700000</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 PRODU 3.2% 02/15/52</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 3.20000000</title>
        <cusip>29379VCA9</cusip>
        <identifiers>
          <isin value="US29379VCA98"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15799.37000000</valUSD>
        <pctVal>0.000971393895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>COHERENT CORP 5% 12/15/29</name>
        <lei>549300O5C25A0MMHHU33</lei>
        <title>COHERENT CORP REGD 144A P/P 5.00000000</title>
        <cusip>902104AC2</cusip>
        <identifiers>
          <isin value="US902104AC24"/>
        </identifiers>
        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>135800.25000000</valUSD>
        <pctVal>0.008349417338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</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>
      <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>
        <identifiers>
          <isin value="US023135CJ31"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57887.66000000</valUSD>
        <pctVal>0.003559111504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-13</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>NEWELL BRANDS  6.375% 05/15/30</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 6.37500000</title>
        <cusip>651229BF2</cusip>
        <identifiers>
          <isin value="US651229BF23"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98790.51000000</valUSD>
        <pctVal>0.006073944613</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>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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FGLMC P#G60138 3.5% 08/01/45</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G60138 3.50000000</title>
        <cusip>31335AEK0</cusip>
        <identifiers>
          <isin value="US31335AEK07"/>
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        <balance>656937.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>599708.48000000</valUSD>
        <pctVal>0.036871923143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</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>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"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17238.56000000</valUSD>
        <pctVal>0.001059879725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</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>
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      </invstOrSec>
      <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>
        <identifiers>
          <isin value="US62954HAZ10"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49602.06000000</valUSD>
        <pctVal>0.003049687314</pctVal>
        <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>
          <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 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>PA</units>
        <curCd>USD</curCd>
        <valUSD>23070.36000000</valUSD>
        <pctVal>0.001418436739</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>
          <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#AR2627 3% 02/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AR2627 3.00000000</title>
        <cusip>3138NY4M4</cusip>
        <identifiers>
          <isin value="US3138NY4M46"/>
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        <balance>81877.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72962.80000000</valUSD>
        <pctVal>0.004485977510</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>
          <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>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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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17915.16000000</valUSD>
        <pctVal>0.001101479176</pctVal>
        <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>3.79400000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>25933.87000000</valUSD>
        <pctVal>0.001594494147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>49216.53000000</valUSD>
        <pctVal>0.003025983743</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>5.41900000</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>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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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103235.91000000</valUSD>
        <pctVal>0.006347261488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16102.48000000</valUSD>
        <pctVal>0.000990030030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <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>DANSKE BANK A/S V/R 04/01/28</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MNET 2024-1A A 6.23% 04/20/29</name>
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        <name>VISA INC 3.65% 09/15/47</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC REGD 3.65000000</title>
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        <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>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25124.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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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>
        <identifiers>
          <isin value="US03938LAS34"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25652.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>AGILENT TECHNOLO 2.3% 03/12/31</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
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        <cusip>00846UAN1</cusip>
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          <isin value="US00846UAN19"/>
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        <curCd>USD</curCd>
        <valUSD>52429.93000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS NTS 3.5% 04/30/28</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.50000000</title>
        <cusip>91282CHA2</cusip>
        <identifiers>
          <isin value="US91282CHA27"/>
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        <balance>2132000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2109472.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 03/15/50</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GHS1</cusip>
        <identifiers>
          <isin value="US06051GHS12"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290578.48000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>US TREAS BDS 1.875% 02/15/51</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 1.87500000</title>
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          <isin value="US912810SU34"/>
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        <balance>2003000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1093591.05000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>GEORGIA POWER C 4.95% 05/17/33</name>
        <lei>N/A</lei>
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        <cusip>373334KT7</cusip>
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          <isin value="US373334KT78"/>
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        <balance>278000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275692.02000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>FISERV INC 3.2% 07/01/26</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISERV INC REGD 3.20000000</title>
        <cusip>337738AT5</cusip>
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          <isin value="US337738AT51"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49280.86000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ONEMAIN FINANC 6.625% 05/15/29</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 6.62500000</title>
        <cusip>682691AH3</cusip>
        <identifiers>
          <isin value="US682691AH34"/>
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        <balance>250000.00000000</balance>
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        <name>CONOCOPHILLIPS C 3.8% 03/15/52</name>
        <lei>N/A</lei>
        <title>CONOCOPHILLIPS COMPANY REGD 3.80000000</title>
        <cusip>20826FAV8</cusip>
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          <isin value="US20826FAV85"/>
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        <valUSD>17508.65000000</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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        <name>TOYOTA MOTOR CRE 3.2% 01/11/27</name>
        <lei>N/A</lei>
        <title>TOYOTA MOTOR CREDIT CORP REGD MTN 3.20000000</title>
        <cusip>89236TDR3</cusip>
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          <isin value="US89236TDR32"/>
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        <valUSD>49122.79000000</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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        <name>PECO ENERGY CO 4.375% 08/15/52</name>
        <lei>N/A</lei>
        <title>PECO ENERGY CO REGD 4.37500000</title>
        <cusip>693304BE6</cusip>
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          <isin value="US693304BE65"/>
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        <balance>91000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73166.09000000</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>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PEPSICO INC 2.625% 03/19/27</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 2.62500000</title>
        <cusip>713448ER5</cusip>
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          <isin value="US713448ER52"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97419.30000000</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>2027-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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      <invstOrSec>
        <name>BBCMS 2023-C1 5.753% 03/15/28</name>
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      <invstOrSec>
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        <name>AMCOR FLEXIBLES  5.1% 03/17/30</name>
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          <isin value="US912810TR95"/>
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        <cusip>654902AC9</cusip>
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        <name>SOUTHERN CAL ED 5.95% 11/01/32</name>
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          <isin value="US842400HT35"/>
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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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        <name>LHOME 2025-RTL2  V/R 04/25/40</name>
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        <name>MICROSOFT CORP 3.041% 03/17/62</name>
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      <invstOrSec>
        <name>CHARLES RIVER L 3.75% 03/15/29</name>
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        <name>HUMANA INC 3.95% 08/15/49</name>
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        <name>CHARLES SCHWAB 5.875% 08/24/26</name>
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        <name>SIMON PROPERTY 3.375% 06/15/27</name>
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        <name>FS KKR CAPITAL 3.125% 10/12/28</name>
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        <name>GNMA P#675065 6.5% 01/15/38</name>
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        <name>AESOP 2025-1A  5.87% 08/20/28</name>
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      <invstOrSec>
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        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <name>SEMPRA V/R 04/01/55</name>
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        <name>PHILIP MORRIS  4.875% 02/13/29</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <lei>529900TM5726KDN7UU35</lei>
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      <invstOrSec>
        <name>UMBS P#SD8324 5.5% 05/01/53</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8324 5.50000000</title>
        <cusip>3132DWG98</cusip>
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          <isin value="US3132DWG982"/>
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      <invstOrSec>
        <name>T/L ASURION LLC 0% 12/23/2026</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="LOANX" value="LX191415"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BALTIMORE GAS &amp;  5.4% 06/01/53</name>
        <lei>N/A</lei>
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        <cusip>059165EQ9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NOMURA HOLDING 1.653% 07/14/26</name>
        <lei>549300B3CEAHYG7K8164</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#FS5342 5.5% 07/01/53</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CONOCOPHILLIPS  5.05% 09/15/33</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US20826FBF27"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>REPUBLIC OF PA 3.875% 03/17/28</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>PA</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DARLING INGREDI 5.25% 04/15/27</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
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        <cusip>237266AH4</cusip>
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        <curCd>USD</curCd>
        <valUSD>129183.42000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 04/23/29</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38141GWV2</cusip>
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          <isin value="US38141GWV21"/>
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        <curCd>USD</curCd>
        <valUSD>871177.63000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>3M COMPANY 2.25% 09/19/26</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M COMPANY REGD MTN 2.25000000</title>
        <cusip>88579YAV3</cusip>
        <identifiers>
          <isin value="US88579YAV39"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48629.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA9853 6.5% 08/20/54</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA9853 6.50000000</title>
        <cusip>36179Y5N0</cusip>
        <identifiers>
          <isin value="US36179Y5N09"/>
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        <balance>1561583.87000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1597012.48000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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          <maturityDt>2054-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>US TREAS NTS 4.625% 09/15/26</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.62500000</title>
        <cusip>91282CHY0</cusip>
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          <isin value="US91282CHY03"/>
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        <curCd>USD</curCd>
        <valUSD>1278731.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESAB CORP 6.25% 04/15/29</name>
        <lei>549300ZNV0SWBXEIWT04</lei>
        <title>ESAB CORP REGD 144A P/P 6.25000000</title>
        <cusip>29605JAA4</cusip>
        <identifiers>
          <isin value="US29605JAA43"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91632.53000000</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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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AVALONBAY COMMUN 3.3% 06/01/29</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AVALONBAY COMMUNITIES REGD MTN 3.30000000</title>
        <cusip>05348EBF5</cusip>
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          <isin value="US05348EBF51"/>
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        <curCd>USD</curCd>
        <valUSD>23886.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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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>
        <identifiers>
          <isin value="US690742AH44"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19896.83000000</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>2048-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST  5.183% 11/01/53</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST UNIV REVENUE REGD B/E 5.18300000</title>
        <cusip>13077DTS1</cusip>
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          <isin value="US13077DTS17"/>
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        <valUSD>91533.66000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SOLVENTUM CORP 5.45% 03/13/31</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>SOLVENTUM CORP REGD 5.45000000</title>
        <cusip>83444MAQ4</cusip>
        <identifiers>
          <isin value="US83444MAQ42"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439881.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <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>440225.00000000</valUSD>
        <pctVal>0.027066387932</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.16000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104687.14000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
        <valUSD>83418.19000000</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>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207077.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>906055.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>796762.79000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US718172AU37"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19789.34000000</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>2042-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HUNTINGTON ING 2.043% 08/16/28</name>
        <lei>5TZLZ6WJTBVJ0QWBG121</lei>
        <title>HUNTINGTON INGALLS INDUS REGD 2.04300000</title>
        <cusip>446413AZ9</cusip>
        <identifiers>
          <isin value="US446413AZ96"/>
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        <balance>137000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126303.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.04300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA1527 3% 08/01/33</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA1527 3.00000000</title>
        <cusip>31418AVV7</cusip>
        <identifiers>
          <isin value="US31418AVV78"/>
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        <balance>330507.67000000</balance>
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        <curCd>USD</curCd>
        <valUSD>316653.32000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEDIATRIX MEDI 5.375% 02/15/30</name>
        <lei>N/A</lei>
        <title>PEDIATRIX MEDICAL GROUP REGD 144A P/P 5.37500000</title>
        <cusip>58502BAE6</cusip>
        <identifiers>
          <isin value="US58502BAE65"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72620.37000000</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>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCHLUMBERGER HL 4.85% 05/15/33</name>
        <lei>N/A</lei>
        <title>SCHLUMBERGER HLDGS CORP REGD P/P 4.85000000</title>
        <cusip>806851AP6</cusip>
        <identifiers>
          <isin value="US806851AP68"/>
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        <balance>910000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>879294.83000000</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>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CYRUS 2024-1A  4.76% 03/20/29</name>
        <lei>N/A</lei>
        <title>CYRUSONE DATA CENTERS ISSUER I LLC SER 2024-1A CL A2 REGD 144A P/P 4.76000000</title>
        <cusip>23284BAF1</cusip>
        <identifiers>
          <isin value="US23284BAF13"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2903336.70000000</valUSD>
        <pctVal>0.178506076255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.76000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMAN GOV INTERNTL  7% 01/25/51</name>
        <lei>N/A</lei>
        <title>OMAN GOV INTERNTL BOND REGD 144A P/P 7.00000000</title>
        <cusip>68205LAT0</cusip>
        <identifiers>
          <isin value="US68205LAT08"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206367.75000000</valUSD>
        <pctVal>0.012688124432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>OM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AEP TEXAS INC 3.45% 01/15/50</name>
        <lei>N/A</lei>
        <title>AEP TEXAS INC REGD SER H 3.45000000</title>
        <cusip>00108WAK6</cusip>
        <identifiers>
          <isin value="US00108WAK62"/>
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        <balance>82000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53946.84000000</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>2050-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNION PACIFIC  2.891% 04/06/36</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP REGD SER WI 2.89100000</title>
        <cusip>907818FQ6</cusip>
        <identifiers>
          <isin value="US907818FQ60"/>
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        <balance>884000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>717801.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.89100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US TREAS NTS 4.125% 11/15/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.12500000</title>
        <cusip>91282CLX7</cusip>
        <identifiers>
          <isin value="US91282CLX73"/>
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        <balance>1090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1095620.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RTX CORP 3.75% 11/01/46</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 3.75000000</title>
        <cusip>913017CJ6</cusip>
        <identifiers>
          <isin value="US913017CJ69"/>
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        <balance>76000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56615.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</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>SIX FLAGS ENTER 7.25% 05/15/31</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>SIX FLAGS ENTERTAINME REGD 144A P/P 7.25000000</title>
        <cusip>83001AAD4</cusip>
        <identifiers>
          <isin value="US83001AAD46"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46011.02000000</valUSD>
        <pctVal>0.002828899123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>GNMA II P#MA5466 4% 09/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA5466 4.00000000</title>
        <cusip>36179UCB6</cusip>
        <identifiers>
          <isin value="US36179UCB61"/>
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        <balance>160721.51000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148790.94000000</valUSD>
        <pctVal>0.009148124942</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>4.00000000</annualizedRt>
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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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      <invstOrSec>
        <name>KILROY REALTY L 4.25% 08/15/29</name>
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      <invstOrSec>
        <name>BECTON DICKINS 4.693% 02/13/28</name>
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      <invstOrSec>
        <name>RTX CORP 5.75% 01/15/29</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TELEFONICA EMI 5.213% 03/08/47</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ROCHE HOLDINGS 2.607% 12/13/51</name>
        <lei>N/A</lei>
        <title>ROCHE HOLDINGS INC REGD 144A P/P 2.60700000</title>
        <cusip>771196BY7</cusip>
        <identifiers>
          <isin value="US771196BY74"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140773.17000000</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>2051-12-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONTARIO (PROVIN 5.05% 04/24/34</name>
        <lei>C7PVKCRGLG18EBQGZV36</lei>
        <title>ONTARIO (PROVINCE OF) REGD 5.05000000</title>
        <cusip>683234AV0</cusip>
        <identifiers>
          <isin value="US683234AV04"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51264.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US TREAS BDS 1.875% 11/15/51</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 1.87500000</title>
        <cusip>912810TB4</cusip>
        <identifiers>
          <isin value="US912810TB44"/>
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        <balance>96000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51898.13000000</valUSD>
        <pctVal>0.003190856765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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      <invstOrSec>
        <name>GENERAL MOTORS  6.25% 10/02/43</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO REGD SER WI 6.25000000</title>
        <cusip>37045VAF7</cusip>
        <identifiers>
          <isin value="US37045VAF76"/>
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        <balance>260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>247111.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>AMAZON.COM INC 3.875% 08/22/37</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC REGD 3.87500000</title>
        <cusip>023135BF2</cusip>
        <identifiers>
          <isin value="US023135BF28"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44468.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>GULFPORT ENERGY 6.75% 09/01/29</name>
        <lei>549300FJX18IDUFPHD40</lei>
        <title>GULFPORT ENERGY OP CORP REGD 144A P/P 6.75000000</title>
        <cusip>402635AT3</cusip>
        <identifiers>
          <isin value="US402635AT32"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126863.11000000</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>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>CITIGROUP INC V/R /PERP/</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD V/R /PERP/ SER CC 7.12500000</title>
        <cusip>172967PK1</cusip>
        <identifiers>
          <isin value="US172967PK15"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>709516.50000000</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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          <maturityDt>2173-11-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>BROADCOM CRP / 3.875% 01/15/27</name>
        <lei>N/A</lei>
        <title>BROADCOM CRP /  CAYMN FI REGD SER WI 3.87500000</title>
        <cusip>11134LAH2</cusip>
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          <isin value="US11134LAH24"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99172.64000000</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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          <isCashCollateral>N</isCashCollateral>
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        <name>EQUINOR ASA 3.625% 09/10/28</name>
        <lei>N/A</lei>
        <title>EQUINOR ASA REGD 3.62500000</title>
        <cusip>29446MAB8</cusip>
        <identifiers>
          <isin value="US29446MAB81"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49101.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2028-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#RA5040 2% 04/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#RA5040 2.00000000</title>
        <cusip>3133KLS57</cusip>
        <identifiers>
          <isin value="US3133KLS579"/>
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        <balance>862370.19000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>675096.28000000</valUSD>
        <pctVal>0.041506997117</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLOBAL PAYMENTS  3.2% 08/15/29</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GLOBAL PAYMENTS INC REGD 3.20000000</title>
        <cusip>37940XAB8</cusip>
        <identifiers>
          <isin value="US37940XAB82"/>
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        <balance>44000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41109.93000000</valUSD>
        <pctVal>0.002527565025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
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        <name>APPLIED MATERIAL 3.3% 04/01/27</name>
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        <name>US TREAS NTS 4% 01/15/27</name>
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        <name>MCDONALD'S CORP 4.2% 04/01/50</name>
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        <name>UMBS P#FS1609 2.5% 04/01/37</name>
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      <invstOrSec>
        <name>UMBS P#AD9638 4.5% 09/01/40</name>
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        <cusip>31418XV88</cusip>
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      <invstOrSec>
        <name>HALLIBURTON CO 5% 11/15/45</name>
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        <name>SHELL FINANCE U 4.55% 08/12/43</name>
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        <name>ACCENTURE CAPIT 4.25% 10/04/31</name>
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        <name>PECO ENERGY CO 3.05% 03/15/51</name>
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        <name>US TREAS NTS 2.75% 08/15/32</name>
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        <name>EVEREST REINSURA 3.5% 10/15/50</name>
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        <title>EVEREST REINSURANCE HLDG REGD 3.50000000</title>
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        <name>ELI LILLY &amp; CO 4.6% 08/14/34</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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      <invstOrSec>
        <name>DIAMONDBACK ENE 3.25% 12/01/26</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>FNMA 15YR TBA 4% JUN 25</name>
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      <invstOrSec>
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        <name>PROG 2023-SFR2 4.75% 10/17/28</name>
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        <name>GRADE 2023-FIG4  V/R 11/25/53</name>
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        <name>TIME WARNER CABL 7.3% 07/01/38</name>
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        <name>CHICAGO IL O'H 4.472% 01/01/49</name>
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        <name>HPA 2022-1 D 4.73% 04/17/27</name>
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        <name>GEORGIA POWER C 5.25% 03/15/34</name>
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        <name>GNMA II P#MA6339 3.5% 12/20/49</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA5397 3.5% 08/20/48</name>
        <lei>N/A</lei>
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        <cusip>36179T7J8</cusip>
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        <curCd>USD</curCd>
        <valUSD>33551.66000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOYOTA MOTOR CRE 5.4% 11/20/26</name>
        <lei>N/A</lei>
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          <isin value="US89236TLD53"/>
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        <curCd>USD</curCd>
        <valUSD>101546.67000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>LENNAR CORP 4.75% 11/29/27</name>
        <lei>529900G61XVRLX5TJX09</lei>
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        <cusip>526057CD4</cusip>
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          <isin value="US526057CD41"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10030.50000000</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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        <name>PFIZER INVESTME 5.34% 05/19/63</name>
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        <cusip>716973AH5</cusip>
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        <balance>158000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142154.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
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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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        <curCd>USD</curCd>
        <valUSD>15463.86000000</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>2051-12-14</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
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        <curCd>USD</curCd>
        <valUSD>128638.25000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>25477.42000000</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>2031-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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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        <balance>5947.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5923.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-25</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>
        <title>WELLS FARGO &amp; COMPANY REGD V/R /PERP/ SER U 5.87500000</title>
        <cusip>949746RN3</cusip>
        <identifiers>
          <isin value="US949746RN35"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50005.94000000</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>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>8112.05000000</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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        <name>US TREAS NTS 4.625% 02/15/35</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.62500000</title>
        <cusip>91282CMM0</cusip>
        <identifiers>
          <isin value="US91282CMM00"/>
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        <balance>5150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5237308.57000000</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>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>ACAR 2025-2 D 5.5% 11/12/28</name>
        <lei>N/A</lei>
        <title>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2025-2 SER 2025-2 CL D REGD 144A P/P 5.50000000</title>
        <cusip>024938AG7</cusip>
        <identifiers>
          <isin value="US024938AG74"/>
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        <balance>1235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1236791.61000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2031-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>QUIKRETE HOLDI 6.375% 03/01/32</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>QUIKRETE HOLDINGS INC REGD 144A P/P 6.37500000</title>
        <cusip>74843PAA8</cusip>
        <identifiers>
          <isin value="US74843PAA84"/>
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        <balance>555000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>564322.89000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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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>
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        <curCd>USD</curCd>
        <valUSD>29734.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <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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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2027539.06000000</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>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>US TREAS BDS 4.625% 11/15/44</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.62500000</title>
        <cusip>912810UF3</cusip>
        <identifiers>
          <isin value="US912810UF39"/>
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        <balance>838000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>803039.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>ARES CAPITAL COR 5.5% 09/01/30</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>ARES CAPITAL CORP REGD 5.50000000</title>
        <cusip>04010LBK8</cusip>
        <identifiers>
          <isin value="US04010LBK89"/>
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      <invstOrSec>
        <name>FGLMC P#G08732 3% 11/01/46</name>
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      <invstOrSec>
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        <name>BURLINGTN NORT 2.875% 06/15/52</name>
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        <name>US TREAS NTS 3.625% 09/30/31</name>
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        <curCd>USD</curCd>
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        <name>FGLMC P#G05519 6% 06/01/39</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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        <name>US TREAS BDS 3.875% 02/15/43</name>
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          <isin value="US912810TQ13"/>
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        <valUSD>1424128.42000000</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>RTX CORP 4.45% 11/16/38</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX CORP REGD 4.45000000</title>
        <cusip>913017CW7</cusip>
        <identifiers>
          <isin value="US913017CW70"/>
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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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        <name>UNION ELECTRIC C 5.2% 04/01/34</name>
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          <isin value="US906548CY62"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>ONEOK INC 4.85% 02/01/49</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
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        <cusip>682680BZ5</cusip>
        <identifiers>
          <isin value="US682680BZ59"/>
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        <balance>25000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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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>
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          <isin value="US91282CKD29"/>
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        <curCd>USD</curCd>
        <valUSD>965687.80000000</valUSD>
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        <name>ROCC 2024-CNT 5.388% 11/13/29</name>
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        <name>EMERA INC V/R 06/15/76</name>
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        <cusip>290876AD3</cusip>
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        <invCountry>CA</invCountry>
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        <name>WI TREASURY SE 4.250% 02/15/54</name>
        <lei>N/A</lei>
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          <isin value="US912810TX63"/>
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        <issuerCat>UST</issuerCat>
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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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          <isin value="US912810RE01"/>
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        <valUSD>941791.99000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>COCA-COLA CO/THE 5.3% 05/13/54</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>COCA-COLA CO/THE REGD 5.30000000</title>
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          <isin value="US191216DS69"/>
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        <curCd>USD</curCd>
        <valUSD>47739.57000000</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>2054-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>OUTFRONT MEDIA 7.375% 02/15/31</name>
        <lei>N/A</lei>
        <title>OUTFRONT MEDIA CAP LLC/C REGD 144A P/P 7.37500000</title>
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        <identifiers>
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      <invstOrSec>
        <name>MEIJI YASUDA LIFE V/R 06/11/55</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENERGY TRANSFER 5.55% 05/15/34</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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      <invstOrSec>
        <name>GNMA II P#MA5528 4% 10/20/48</name>
        <lei>N/A</lei>
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        <name>SANTANDER HOLDING V/R 01/09/30</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPIRE MISSOURI I 4.8% 02/15/33</name>
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        <cusip>84859DAC1</cusip>
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          <isin value="US84859DAC11"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73575.06000000</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>BNP PARIBAS V/R 01/13/29</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <cusip>09659W2V5</cusip>
        <identifiers>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>REPUBLIC OF COLOMB 8% 04/20/33</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF COLOMBIA REGD 8.00000000</title>
        <cusip>195325EF8</cusip>
        <identifiers>
          <isin value="US195325EF88"/>
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        <curCd>USD</curCd>
        <valUSD>205352.00000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIGNA GROUP/THE 4.8% 07/15/46</name>
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        <name>DUKE ENERGY PROG 2.9% 08/15/51</name>
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        <name>UMBS P#RA6989 3% 03/01/52</name>
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        <name>GNMA II P#MA4069 3.5% 11/20/46</name>
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        <name>RB GLOBAL HOLDI 7.75% 03/15/31</name>
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        <name>T/L CP ATLAS BUYER 0% 11/23/27</name>
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      <invstOrSec>
        <name>UMBS P#AW3557 3% 05/01/29</name>
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        <name>US TREAS BDS 3% 11/15/45</name>
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        <name>SIMON PROPERTY G 5.5% 03/08/33</name>
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        <name>DUKE ENERGY 3.1% 06/15/28/EUR/</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
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        <cusip>26441CBQ7</cusip>
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        <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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        <curCd>USD</curCd>
        <valUSD>132310.96000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>CARMX 2025-2 C 5.16% 03/15/29</name>
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        <cusip>14320AAG6</cusip>
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          <isin value="US14320AAG67"/>
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        <curCd>USD</curCd>
        <valUSD>568670.22000000</valUSD>
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        <name>CIRSA FI 10.375% 11/30/27/EUR/</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2550380443"/>
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        <invCountry>LU</invCountry>
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        <name>UMBS P#SD8104 1.5% 11/01/50</name>
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        <issuerCat>USGA</issuerCat>
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        <name>UMBS P#CB6348 4.5% 05/01/53</name>
        <lei>N/A</lei>
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        <name>PRA GROUP INC 5% 10/01/29</name>
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        <issuerCat>CORP</issuerCat>
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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>
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        <valUSD>26946.87000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>PAYPAL HOLDINGS 2.65% 10/01/26</name>
        <lei>5493005X2GO78EFZ3E94</lei>
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        <curCd>USD</curCd>
        <valUSD>24468.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>PACIFIC GAS &amp; EL 6.7% 04/01/53</name>
        <lei>N/A</lei>
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        <cusip>694308KK2</cusip>
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          <isin value="US694308KK29"/>
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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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          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
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      <invstOrSec>
        <name>FGLMC P#G08801 4% 02/01/48</name>
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      <invstOrSec>
        <name>GNMA II P#MA7471 2% 07/20/51</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>DIAMONDBACK EN 3.125% 03/24/31</name>
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      <invstOrSec>
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        <cusip>70450YAP8</cusip>
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      <invstOrSec>
        <name>AIR PRODUCTS &amp; C 2.8% 05/15/50</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PNC FINANCIAL SER V/R 07/23/35</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Variable</couponKind>
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        <name>OCCIDENTAL PETRO 6.6% 03/15/46</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <curCd>USD</curCd>
        <valUSD>47370.00000000</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>FREEPORT-MCMORA 5.45% 03/15/43</name>
        <lei>549300IRDTHJQ1PVET45</lei>
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          <isin value="US35671DBC83"/>
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        <curCd>USD</curCd>
        <valUSD>23100.51000000</valUSD>
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      <invstOrSec>
        <name>UMBS P#AS0190 2.5% 08/01/28</name>
        <lei>N/A</lei>
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        <valUSD>44549.66000000</valUSD>
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        <name>ABBVIE INC 4.8% 03/15/29</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <name>UNITED PARCEL S 6.05% 05/14/65</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <name>FGLMC P#G60278 4% 10/01/45</name>
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        <name>DUKE ENERGY IND 2.75% 04/01/50</name>
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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>FHMS K144 A2 2.45% 04/25/32</name>
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      <invstOrSec>
        <name>FIDELITY NATL FI 3.4% 06/15/30</name>
        <lei>549300CAZYIH39SYQ287</lei>
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        <curCd>USD</curCd>
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        <name>ANHEUSER-BUSCH 4.439% 10/06/48</name>
        <lei>N/A</lei>
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        <name>ENTERGY LOUISIAN 2.9% 03/15/51</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US29364WBD92"/>
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      <invstOrSec>
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        <name>CARMX 2025-2 A 4.65% 03/15/29</name>
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        <name>CCO HLDGS LLC/CA 4.5% 06/01/33</name>
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      <invstOrSec>
        <name>UMBS P#FM7626 2.5% 12/01/33</name>
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        <name>CALIFORNIA ST HLTH 3% 08/15/51</name>
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        <name>ESART 2025-1 B 4.87% 08/15/28</name>
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          <isin value="US30185AAD37"/>
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        <name>BIOGEN INC 5.75% 05/15/35</name>
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          <isin value="US09062XAL73"/>
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        <name>UNITEDHEALTH GR 1.25% 01/15/26</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 1.25000000</title>
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        <name>UMBS P#AB8862 2.5% 04/01/28</name>
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        <name>VALERO ENERGY  6.625% 06/15/37</name>
        <lei>549300XTO5VR8SKV1V74</lei>
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        <name>MFIT 2025-AA E 8.64% 07/20/30</name>
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      <invstOrSec>
        <name>ALTRIA GROUP IN 5.95% 02/14/49</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC REGD 5.95000000</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>US T BILL ZCP 07/10/25</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BILL ZCP 0.00000000</title>
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          <isin value="US912797LW51"/>
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        <valUSD>16426553.92000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ENERGIZER HOLDI 4.75% 06/15/28</name>
        <lei>5493000D6NN0V57UME20</lei>
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        <cusip>29272WAC3</cusip>
        <identifiers>
          <isin value="US29272WAC38"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106171.92000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INTERCONTINENTALEX 4% 09/15/27</name>
        <lei>5493000F4ZO33MV32P92</lei>
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        <identifiers>
          <isin value="US45866FAU84"/>
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        <curCd>USD</curCd>
        <valUSD>49547.53000000</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>VMWARE LLC 3.9% 08/21/27</name>
        <lei>549300BUDHS3LRWBE814</lei>
        <title>VMWARE LLC REGD 3.90000000</title>
        <cusip>928563AC9</cusip>
        <identifiers>
          <isin value="US928563AC98"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49312.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-21</maturityDt>
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      <invstOrSec>
        <name>GLOBAL PAYMENTS 5.95% 08/15/52</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GLOBAL PAYMENTS INC REGD 5.95000000</title>
        <cusip>37940XAR3</cusip>
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          <isin value="US37940XAR35"/>
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        <curCd>USD</curCd>
        <valUSD>851079.03000000</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>ENBRIDGE INC 6.7% 11/15/53</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC REGD 6.70000000</title>
        <cusip>29250NBZ7</cusip>
        <identifiers>
          <isin value="US29250NBZ78"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52393.99000000</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>
          <annualizedRt>6.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CROWN CASTLE INC 3.8% 02/15/28</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INC REGD 3.80000000</title>
        <cusip>22822VAK7</cusip>
        <identifiers>
          <isin value="US22822VAK70"/>
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        <balance>163000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159190.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ESART 2025-1 C 5.4% 05/15/29</name>
        <lei>N/A</lei>
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        <cusip>30185AAE1</cusip>
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          <isin value="US30185AAE10"/>
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        <valUSD>1211038.32000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREAS BDS 4.5% 02/15/44</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 4.50000000</title>
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          <isin value="US912810TZ12"/>
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        <curCd>USD</curCd>
        <valUSD>1730886.91000000</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>
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      <invstOrSec>
        <name>KNIFE RIVER COR 7.75% 05/01/31</name>
        <lei>N/A</lei>
        <title>KNIFE RIVER CORP REGD 144A P/P 7.75000000</title>
        <cusip>498894AA2</cusip>
        <identifiers>
          <isin value="US498894AA29"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115246.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NOBLE FINANCE II L 8% 04/15/30</name>
        <lei>N/A</lei>
        <title>NOBLE FINANCE II LLC REGD 144A P/P 8.00000000</title>
        <cusip>65505PAA5</cusip>
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          <isin value="US65505PAA57"/>
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        <valUSD>59895.99000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>VERIZON COMMUN 4.125% 03/16/27</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <cusip>92343VDY7</cusip>
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          <isin value="US92343VDY74"/>
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      <invstOrSec>
        <name>UMBS P#FS6928 2.5% 05/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS6928 2.50000000</title>
        <cusip>3140XNVW1</cusip>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHARLES SCHWAB COR 4% 02/01/29</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>CHARLES SCHWAB CORP REGD 4.00000000</title>
        <cusip>808513AZ8</cusip>
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          <isin value="US808513AZ88"/>
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        <curCd>USD</curCd>
        <valUSD>24785.95000000</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#AU1633 3.5% 07/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AU1633 3.50000000</title>
        <cusip>3138X0Y77</cusip>
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          <isin value="US3138X0Y779"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BRISTOL-MYERS  4.125% 06/15/39</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BRISTOL-MYERS SQUIBB CO REGD 4.12500000</title>
        <cusip>110122CQ9</cusip>
        <identifiers>
          <isin value="US110122CQ99"/>
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        <balance>98000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84888.03000000</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>
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      <invstOrSec>
        <name>VIRGINIA ELEC &amp; PO 6% 05/15/37</name>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPA V/R /PERP/</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FAIRFAX FINL HLDGS 6% 12/07/33</name>
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        <invCountry>CA</invCountry>
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        <name>CHARLES SCHWAB CO V/R 11/17/29</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <name>UMBS P#BM1145 3% 03/01/43</name>
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        <name>UMBS P#CB8823 6.5% 07/01/54</name>
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        <cusip>3140QUYV2</cusip>
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        <name>INTEL CORP 4.9% 08/05/52</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <name>ECOLAB INC 2.75% 08/18/55</name>
        <lei>82DYEISM090VG8LTLS26</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>WALT DISNEY COMP 3.6% 01/13/51</name>
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        <name>DEUTSCHE BAN V/R 09/05/30/EUR/</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
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        <invCountry>DE</invCountry>
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        <name>PIEDMONT NATURAL 2.5% 03/15/31</name>
        <lei>N/A</lei>
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        <name>UMBS P#SD0508 3.5% 01/01/48</name>
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        <name>ADT SEC CORP 4.875% 07/15/32</name>
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      <invstOrSec>
        <name>BANCO SANTANDE 6.938% 11/07/33</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <name>MATADOR RESOURCE 6.5% 04/15/32</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMYRNA READY MIX C 6% 11/01/28</name>
        <lei>549300S7RFWHQFOIOY93</lei>
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        <cusip>85236FAA1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAT CAPITAL COR 4.54% 08/15/47</name>
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          <isin value="US05526DBF15"/>
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        <curCd>USD</curCd>
        <valUSD>623320.18000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUMITOMO MITSU 5.808% 09/14/33</name>
        <lei>35380028MYWPB6AUO129</lei>
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        <cusip>86562MDJ6</cusip>
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          <isin value="US86562MDJ62"/>
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        <curCd>USD</curCd>
        <valUSD>209668.86000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HOME DEPOT INC 4.5% 12/06/48</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
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        <cusip>437076BX9</cusip>
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        <curCd>USD</curCd>
        <valUSD>41754.85000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-06</maturityDt>
          <couponKind>Fixed</couponKind>
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        <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"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>272022.61000000</valUSD>
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        <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>
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        <name>WFCM 2016-C33 3.162% 01/15/26</name>
        <lei>N/A</lei>
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        <cusip>95000LAY9</cusip>
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          <isin value="US95000LAY92"/>
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        <balance>367277.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>363126.39000000</valUSD>
        <pctVal>0.022326128093</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2059-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <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"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>308589.31000000</valUSD>
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        <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>
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        <name>CHUBB INA HOLDI 4.15% 03/13/43</name>
        <lei>N/A</lei>
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        <cusip>00440EAQ0</cusip>
        <identifiers>
          <isin value="US00440EAQ08"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20748.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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      <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"/>
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        <balance>104000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101228.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <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"/>
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        <balance>53000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31683.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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        <name>FYBR 2024-1 A2 6.19% 05/20/31</name>
        <lei>N/A</lei>
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        <cusip>35910EAK0</cusip>
        <identifiers>
          <isin value="US35910EAK01"/>
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        <balance>1165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1196193.57000000</valUSD>
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        <name>FORD MOTOR CRE 7.122% 11/07/33</name>
        <lei>N/A</lei>
        <title>FORD MOTOR CREDIT CO LLC REGD 7.12200000</title>
        <cusip>345397D67</cusip>
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          <isin value="US345397D674"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>233375.90000000</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>2033-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>EQUITABLE HOLDI 4.35% 04/20/28</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>EQUITABLE HOLDINGS INC REGD 4.35000000</title>
        <cusip>054561AJ4</cusip>
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          <isin value="US054561AJ49"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24825.20000000</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>2028-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DIAMONDBACK ENER 3.5% 12/01/29</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>DIAMONDBACK ENERGY INC REGD 3.50000000</title>
        <cusip>25278XAN9</cusip>
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          <isin value="US25278XAN93"/>
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        <balance>794000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>750700.33000000</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>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>SEALED AIR CORP 4% 12/01/27</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>SEALED AIR CORP REGD 144A P/P 4.00000000</title>
        <cusip>81211KAY6</cusip>
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          <isin value="US81211KAY64"/>
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        <balance>135000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>131041.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
        <name>TRANSCONT GAS PIPE 4% 03/15/28</name>
        <lei>N/A</lei>
        <title>TRANSCONT GAS PIPE LINE REGD SER WI 4.00000000</title>
        <cusip>893574AK9</cusip>
        <identifiers>
          <isin value="US893574AK91"/>
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        <balance>137000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>135466.76000000</valUSD>
        <pctVal>0.008328913346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SCFET 2025-1A  5.11% 11/21/33</name>
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        <name>GNMA II P#MA1601 4% 01/20/44</name>
        <lei>N/A</lei>
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        <name>GNMA P#741682 4% 07/15/41</name>
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        <name>DUKE ENERGY CAR 3.95% 11/15/28</name>
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        <name>FNCL TBA 30YR 2% JUNE 25</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIX FLAGS/CANAD 5.25% 07/15/29</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>STATION CASINOS  4.5% 02/15/28</name>
        <lei>N/A</lei>
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        <cusip>857691AG4</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>140643.53000000</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>PRUDENTIAL FINAN 2.1% 03/10/30</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC REGD MTN 2.10000000</title>
        <cusip>74432QCG8</cusip>
        <identifiers>
          <isin value="US74432QCG82"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22556.72000000</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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      <invstOrSec>
        <name>GLP CAPITAL LP / F 4% 01/15/31</name>
        <lei>N/A</lei>
        <title>GLP CAPITAL LP / FIN II REGD 4.00000000</title>
        <cusip>361841AQ2</cusip>
        <identifiers>
          <isin value="US361841AQ25"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60610.78000000</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>ONTARIO (PROVINC 3.1% 05/19/27</name>
        <lei>C7PVKCRGLG18EBQGZV36</lei>
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        <identifiers>
          <isin value="US683234DB13"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196370.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FOUNDRY JV HOL 5.875% 01/25/34</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FOUNDRY JV HOLDCO LLC REGD 144A P/P 5.87500000</title>
        <cusip>350930AA1</cusip>
        <identifiers>
          <isin value="US350930AA10"/>
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        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>320514.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VERISURE HO 5.5% 05/15/30/EUR/</name>
        <lei>N/A</lei>
        <title>VERISURE HOLDING AB /EUR/ REGD REG S 5.50000000</title>
        <cusip>W9821DAT1</cusip>
        <identifiers>
          <isin value="XS2816753979"/>
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        <balance>480000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88066931"/>
        <valUSD>568143.42000000</valUSD>
        <pctVal>0.034931206103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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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>
        <cusip>87264ACT0</cusip>
        <identifiers>
          <isin value="US87264ACT07"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65273.93000000</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>2052-10-15</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>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>37783.56000000</valUSD>
        <pctVal>0.002323049559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>26052.28000000</valUSD>
        <pctVal>0.001601774358</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>6.90000000</annualizedRt>
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      <invstOrSec>
        <name>TENET HEALTHCA 6.125% 06/15/30</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <cusip>88033GDQ0</cusip>
        <identifiers>
          <isin value="US88033GDQ01"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434398.47000000</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>ACCO BRANDS COR 4.25% 03/15/29</name>
        <lei>JCT8P4Y190IH4I1NX328</lei>
        <title>ACCO BRANDS CORP REGD 144A P/P 4.25000000</title>
        <cusip>00081TAK4</cusip>
        <identifiers>
          <isin value="US00081TAK43"/>
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        <balance>165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145926.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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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>
        <cusip>36202FM78</cusip>
        <identifiers>
          <isin value="US36202FM780"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2419.73000000</valUSD>
        <pctVal>0.000148772447</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>
        <title>FREDDIE MAC GOLD POOL P#G08721 3.00000000</title>
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        <identifiers>
          <isin value="US3128MJYT11"/>
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        <balance>612580.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>536189.90000000</valUSD>
        <pctVal>0.032966605346</pctVal>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>REALTY INCOME CO 3.1% 12/15/29</name>
        <lei>549300CUWDAUZSH43859</lei>
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          <isin value="US756109BK93"/>
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        <balance>57000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53339.65000000</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>BROWN &amp; BROWN  2.375% 03/15/31</name>
        <lei>549300PC8KTJ71XKFY89</lei>
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        <cusip>115236AC5</cusip>
        <identifiers>
          <isin value="US115236AC57"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21671.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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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>
        <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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        <identifiers>
          <isin value="US31418DTQ50"/>
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        <balance>616195.72000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>483469.66000000</valUSD>
        <pctVal>0.029725202728</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQUITABLE HOLDINGS 5% 04/20/48</name>
        <lei>549300FIBAKMNHPZ4009</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REPUBLIC OF EL  9.65% 11/21/54</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAM RESEARCH C 3.125% 06/15/60</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRASKEM NETHERL 7.25% 02/13/33</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#DH0822 7.5% 04/20/55</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC V/R 06/20/34</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <cusip>404280DX4</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>SHERWIN-WILLIAMS 2.9% 03/15/52</name>
        <lei>Z15BMIOX8DDH0X2OBP21</lei>
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        <cusip>824348BP0</cusip>
        <identifiers>
          <isin value="US824348BP04"/>
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        <curCd>USD</curCd>
        <valUSD>14794.37000000</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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        <name>PACIFIC GAS &amp; E 6.75% 01/15/53</name>
        <lei>N/A</lei>
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        <cusip>694308KH9</cusip>
        <identifiers>
          <isin value="US694308KH99"/>
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        <curCd>USD</curCd>
        <valUSD>178856.21000000</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>BANK OF AMERICA  3.5% 04/19/26</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP REGD MTN SER GMTN 3.50000000</title>
        <cusip>06051GFX2</cusip>
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          <isin value="US06051GFX25"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208060.70000000</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>2026-04-19</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OEG FINANC 7.25% 09/27/29/EUR/</name>
        <lei>254900KMBHWF9UK63G44</lei>
        <title>OEG FINANCE PLC /EUR/ REGD REG S 7.25000000</title>
        <cusip>G670A8AA2</cusip>
        <identifiers>
          <isin value="XS2906227785"/>
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        <balance>400000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.88066931"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENERGY TRANSFER  5.5% 06/01/27</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <cusip>29278NAN3</cusip>
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          <isin value="US29278NAN30"/>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>ICAHN ENTERPRIS 5.25% 05/15/27</name>
        <lei>N/A</lei>
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        <cusip>451102BZ9</cusip>
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          <isin value="US451102BZ91"/>
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        <name>UMBS P#CB0609 2.5% 05/01/51</name>
        <lei>N/A</lei>
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        <name>UMBS P#725423 5.5% 05/01/34</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>AMKOR TECHNOLO 6.625% 09/15/27</name>
        <lei>529900VHLRTKPWZJBM84</lei>
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        <cusip>031652BK5</cusip>
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        <name>REPUBLIC OF INDO 4.1% 04/24/28</name>
        <lei>N/A</lei>
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          <isin value="US455780CF11"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>ID</invCountry>
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      <invstOrSec>
        <name>BANK OF AMERICA CO 5% 01/21/44</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GFC8</cusip>
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          <isin value="US06051GFC87"/>
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        <lei>N/A</lei>
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        <lei>5PRBRS5FEH7NREC8OR45</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FGLMC P#G01644 5.5% 02/01/34</name>
        <lei>N/A</lei>
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        <name>CREDIT AGRICOLE S V/R 01/09/36</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOCKHEED MARTIN  5.7% 11/15/54</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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      <invstOrSec>
        <name>UMBS P#FS4335 2.5% 11/01/51</name>
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        <name>INTUIT INC 1.35% 07/15/27</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MARKEL GROUP IN 3.35% 09/17/29</name>
        <lei>549300SCNO12JLWIK605</lei>
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        <name>SRFC 2023-1A D 9.8% 08/20/30</name>
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        <name>DELTA AIR LINES 20 2% 06/10/28</name>
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        <name>GRNPK 2018-1A B V/R 04/15/31</name>
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        <name>AIR LEASE CORP 3% 02/01/30</name>
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        <name>CSX CORP 4.1% 11/15/32</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
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        <name>UMBS P#CB2802 2% 02/01/52</name>
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        <name>NSLT 2006-1 A6 V/R 08/23/36</name>
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        <name>UMBS P#RA6815 2.5% 02/01/52</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONAL RURAL  4.85% 02/07/29</name>
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      <invstOrSec>
        <name>UMBS P#MA4563 2.5% 03/01/52</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UMBS P#RA1665 3% 02/01/47</name>
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      <invstOrSec>
        <name>CITIGROUP INC 5.3% 05/06/44</name>
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          <isin value="US172967HS33"/>
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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>ISHARES IBOXX HIGH YLD CORP</name>
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        <issuerCat>RF</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <name>GNMA II P#MA5331 4.5% 07/20/48</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS NTS 4.5% 04/15/27</name>
        <lei>N/A</lei>
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          <isin value="US91282CKJ98"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CF INDUSTRIES  5.375% 03/15/44</name>
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        <title>CF INDUSTRIES INC REGD 5.37500000</title>
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          <isin value="US12527GAE35"/>
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        <title>HOME DEPOT INC REGD 3.12500000</title>
        <cusip>437076BZ4</cusip>
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        <name>CHENIERE ENERGY PA 4% 03/01/31</name>
        <lei>5493005UEC8AZ34LDV29</lei>
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        <name>ALLIANZ SE V/R 09/06/53</name>
        <lei>529900K9B0N5BT694847</lei>
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        <cusip>018820AC4</cusip>
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        <name>BARCLAYS PLC 5.2% 05/12/26</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300IHYHCQP2PIR591</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>BARCLAYS PLC V/R 05/09/34</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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          <isin value="US06738ECG89"/>
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        <name>SEAGATE HDD CA 3.125% 07/15/29</name>
        <lei>N/A</lei>
        <title>SEAGATE HDD CAYMAN REGD 3.12500000</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MATTEL INC 5.875% 12/15/27</name>
        <lei>549300VELLG24KHTJ564</lei>
        <title>MATTEL INC REGD 144A P/P 5.87500000</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS AG STAMFORD CT 5% 07/09/27</name>
        <lei>N/A</lei>
        <title>UBS AG STAMFORD CT REGD 5.00000000</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RXO INC 7.5% 11/15/27</name>
        <lei>549300KL8CA6GP8XPM30</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENI SPA 5.95% 05/15/54</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
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        <cusip>26874RAP3</cusip>
        <identifiers>
          <isin value="US26874RAP38"/>
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        <balance>1290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1205841.37000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <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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        <cusip>38141GYN8</cusip>
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          <isin value="US38141GYN86"/>
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        <balance>1538000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA II P#MA3523 4.5% 03/20/46</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA3523 4.50000000</title>
        <cusip>36179R4G1</cusip>
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          <isin value="US36179R4G11"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DYCOM INDUSTRIES 4.5% 04/15/29</name>
        <lei>549300F56EKTHQI3WT60</lei>
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        <cusip>267475AD3</cusip>
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          <isin value="US267475AD30"/>
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        <curCd>USD</curCd>
        <valUSD>115543.79000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>FEDEX CORP 5.1% 01/15/44</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FEDEX CORP REGD 5.10000000</title>
        <cusip>31428XAW6</cusip>
        <identifiers>
          <isin value="US31428XAW65"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21356.92000000</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>2044-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEPSICO INC 3.875% 03/19/60</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 3.87500000</title>
        <cusip>713448EV6</cusip>
        <identifiers>
          <isin value="US713448EV64"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18324.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CANADIAN NATL RA 3.2% 08/02/46</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
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        <cusip>136375CK6</cusip>
        <identifiers>
          <isin value="US136375CK60"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#SD8199 2% 03/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8199 2.00000000</title>
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      <invstOrSec>
        <name>UMBS P#MA1281 3% 12/01/27</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA1281 3.00000000</title>
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      <invstOrSec>
        <name>NIKE INC 3.25% 03/27/40</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
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        <valUSD>19297.74000000</valUSD>
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      <invstOrSec>
        <name>GNMA II P#MA9417 2.5% 12/20/53</name>
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      <invstOrSec>
        <name>US TREAS BDS 2.875% 08/15/45</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.87500000</title>
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          <isin value="US912810RN00"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>US TREAS NTS 1.125% 02/15/31</name>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FREEPORT-MCMOR 4.125% 03/01/28</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>FREEPORT-MCMORAN INC REGD 4.12500000</title>
        <cusip>35671DCE3</cusip>
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          <isin value="US35671DCE31"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24580.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>QUALCOMM INC 4.5% 05/20/52</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>QUALCOMM INC REGD 4.50000000</title>
        <cusip>747525BR3</cusip>
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          <isin value="US747525BR34"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20564.61000000</valUSD>
        <pctVal>0.001264375516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 02/04/33</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <valUSD>662016.67000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HASBRO INC 6.05% 05/14/34</name>
        <lei>549300NUB6D2R1ITYR45</lei>
        <title>HASBRO INC REGD 6.05000000</title>
        <cusip>418056BA4</cusip>
        <identifiers>
          <isin value="US418056BA46"/>
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        <balance>920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>931601.71000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CROWN CASTLE IN 2.25% 01/15/31</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INC REGD 2.25000000</title>
        <cusip>22822VAT8</cusip>
        <identifiers>
          <isin value="US22822VAT89"/>
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        <balance>83000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71420.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LYB INTL FINAN 4.875% 03/15/44</name>
        <lei>N/A</lei>
        <title>LYB INTL FINANCE BV REGD 4.87500000</title>
        <cusip>50247VAC3</cusip>
        <identifiers>
          <isin value="US50247VAC37"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20734.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CIMIC FINANCE USA  7% 03/25/34</name>
        <lei>N/A</lei>
        <title>CIMIC FINANCE USA PTY LT REGD 144A P/P 7.00000000</title>
        <cusip>171873AB8</cusip>
        <identifiers>
          <isin value="US171873AB83"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>303391.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMCAST CORP 4.8% 05/15/33</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 4.80000000</title>
        <cusip>20030NEE7</cusip>
        <identifiers>
          <isin value="US20030NEE76"/>
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        <balance>182000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>178687.43000000</valUSD>
        <pctVal>0.010986253163</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>4.80000000</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>GNMA II P#MA7254 2% 03/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7254 2.00000000</title>
        <cusip>36179WBX5</cusip>
        <identifiers>
          <isin value="US36179WBX56"/>
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        <balance>299060.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>240313.66000000</valUSD>
        <pctVal>0.014775223458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-20</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>AMERICAN TOWER 1.875% 10/15/30</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMERICAN TOWER CORP REGD 1.87500000</title>
        <cusip>03027XBG4</cusip>
        <identifiers>
          <isin value="US03027XBG43"/>
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        <balance>137000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117579.91000000</valUSD>
        <pctVal>0.007229174756</pctVal>
        <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>1.87500000</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>LLOYDS BANKING 4.375% 03/22/28</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC REGD 4.37500000</title>
        <cusip>539439AR0</cusip>
        <identifiers>
          <isin value="US539439AR07"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198705.78000000</valUSD>
        <pctVal>0.012217042934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-22</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>
        <name>NATIONAL AUSTRALI V/R 01/12/37</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>NATIONAL AUSTRALIA BANK REGD V/R 144A P/P 3.34700000</title>
        <cusip>632525BB6</cusip>
        <identifiers>
          <isin value="US632525BB69"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1305046.52000000</valUSD>
        <pctVal>0.080238276744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.34700000</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>ROPER TECHNOLOG 2.95% 09/15/29</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>ROPER TECHNOLOGIES INC REGD 2.95000000</title>
        <cusip>776743AG1</cusip>
        <identifiers>
          <isin value="US776743AG17"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23377.97000000</valUSD>
        <pctVal>0.001437349548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</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>STATE STREET CO 2.65% 05/19/26</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STATE STREET CORP REGD 2.65000000</title>
        <cusip>857477AW3</cusip>
        <identifiers>
          <isin value="US857477AW33"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98413.74000000</valUSD>
        <pctVal>0.006050779634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</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>FRANCISCAN HEA 3.914% 07/01/49</name>
        <lei>254900OPFK0OOKZFLV35</lei>
        <title>FRANCISCAN HEALTH SYS REGD SER B 3.91400000</title>
        <cusip>351837AA7</cusip>
        <identifiers>
          <isin value="US351837AA79"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100795.00000000</valUSD>
        <pctVal>0.006197186828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.91400000</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>T/L VISTA MANAGEM 0% 03/26/31</name>
        <lei>N/A</lei>
        <title>T/L VISTA MANAGEMENT HOLDING   INC REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX260516"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50052.25000000</valUSD>
        <pctVal>0.003077366381</pctVal>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.04761000</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>IBRD 3.625% 09/21/29</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMENT 3.62500000</title>
        <cusip>459058KL6</cusip>
        <identifiers>
          <isin value="US459058KL69"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98567.48000000</valUSD>
        <pctVal>0.006060232043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-21</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>SUMITOMO MITSUI 2.13% 07/08/30</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINL GRP REGD 2.13000000</title>
        <cusip>86562MCB4</cusip>
        <identifiers>
          <isin value="US86562MCB46"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>176349.19000000</valUSD>
        <pctVal>0.010842490971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.13000000</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>HSBC HOLDINGS PLC V/R 11/19/30</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC REGD V/R 5.28600000</title>
        <cusip>404280EN5</cusip>
        <identifiers>
          <isin value="US404280EN53"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
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      <invstOrSec>
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        <name>FLX 2021-1A A2 3.25% 11/25/26</name>
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      <invstOrSec>
        <name>UMBS P#SB0921 3.5% 07/01/38</name>
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      <invstOrSec>
        <name>VISTRA OPERATION 3.7% 01/30/27</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MEDLINE BORROWE 6.25% 04/01/29</name>
        <lei>N/A</lei>
        <title>MEDLINE BORROWER/MEDL CO REGD 144A P/P 6.25000000</title>
        <cusip>58506DAA6</cusip>
        <identifiers>
          <isin value="US58506DAA63"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SHELL INTERNATIONA 3% 11/26/51</name>
        <lei>N/A</lei>
        <title>SHELL INTERNATIONAL FIN REGD 3.00000000</title>
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        <identifiers>
          <isin value="US822582CL48"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HART 2023-C A3 5.54% 05/17/27</name>
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        <name>US TREAS NTS 4.875% 10/31/28</name>
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        <title>UNITED STATES TREASURY NOTE 4.87500000</title>
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          <isin value="US91282CJF95"/>
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        <name>UMBS P#SD3636 6% 08/01/53</name>
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        <name>US TREAS NTS 4.125% 11/30/29</name>
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        <title>UNITED STATES TREASURY NOTE 4.12500000</title>
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          <isin value="US74460DAD12"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FISERV INC 4.2% 10/01/28</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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          <isin value="US337738AR95"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WI TREASURY SE 4.375% 05/15/34</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US91282CKQ32"/>
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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>BP CAP MARKETS 3.001% 03/17/52</name>
        <lei>N/A</lei>
        <title>BP CAP MARKETS AMERICA REGD 3.00100000</title>
        <cusip>10373QBS8</cusip>
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          <isin value="US10373QBS84"/>
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        <curCd>USD</curCd>
        <valUSD>30501.74000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMCAST CORP 2.937% 11/01/56</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <cusip>20030NDU2</cusip>
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          <isin value="US20030NDU28"/>
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        <balance>389000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>222054.61000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-11-01</maturityDt>
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      <invstOrSec>
        <name>SYNOPSYS INC 5.7% 04/01/55</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>SYNOPSYS INC REGD 5.70000000</title>
        <cusip>871607AG2</cusip>
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          <isin value="US871607AG29"/>
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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>2055-04-01</maturityDt>
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        <name>WELLTOWER OP LLC 3.1% 01/15/30</name>
        <lei>N/A</lei>
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        <cusip>95040QAJ3</cusip>
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          <isin value="US95040QAJ31"/>
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        <curCd>USD</curCd>
        <valUSD>23476.63000000</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>2030-01-15</maturityDt>
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        <name>ILLINOIS ST 5.1% 06/01/33</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST REGD N/C B/E 5.10000000</title>
        <cusip>452151LF8</cusip>
        <identifiers>
          <isin value="US452151LF83"/>
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        <balance>235294.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234080.83000000</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>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <name>BX 2024-BIO C V/R 02/15/29</name>
        <lei>N/A</lei>
        <title>BX TRUST 2024-BIO SER 2024-BIO CL C V/R REGD 144A P/P 6.96871000</title>
        <cusip>05612AAJ5</cusip>
        <identifiers>
          <isin value="US05612AAJ51"/>
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        <balance>969000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>963937.65000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>AT&amp;T INC 5.25% 03/01/37</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 5.25000000</title>
        <cusip>00206RDR0</cusip>
        <identifiers>
          <isin value="US00206RDR03"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24463.66000000</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>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 07/21/28</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GGR4</cusip>
        <identifiers>
          <isin value="US06051GGR48"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146812.90000000</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>CASTELLUM AB V/R /PERP//EUR/</name>
        <lei>549300GU5OHTR1T5IY68</lei>
        <title>CASTELLUM AB /EUR/ REGD V/R /PERP/ REG S SER */* 3.12500000</title>
        <cusip>W20779X46</cusip>
        <identifiers>
          <isin value="XS2380124227"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2174-03-02</maturityDt>
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      <invstOrSec>
        <name>SIMON PROPERTY  3.25% 09/13/49</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP LP REGD 3.25000000</title>
        <cusip>828807DH7</cusip>
        <identifiers>
          <isin value="US828807DH72"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32692.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JOHN DEERE CAPI 1.05% 06/17/26</name>
        <lei>N/A</lei>
        <title>JOHN DEERE CAPITAL CORP REGD MTN 1.05000000</title>
        <cusip>24422EVR7</cusip>
        <identifiers>
          <isin value="US24422EVR79"/>
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        <curCd>USD</curCd>
        <valUSD>48347.42000000</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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          <maturityDt>2026-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.05000000</annualizedRt>
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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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96265.34000000</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>2027-05-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>RIO TINTO FIN U 5.75% 03/14/55</name>
        <lei>N/A</lei>
        <title>RIO TINTO FIN USA PLC REGD 5.75000000</title>
        <cusip>76720AAV8</cusip>
        <identifiers>
          <isin value="US76720AAV89"/>
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        <balance>1370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1330864.07000000</valUSD>
        <pctVal>0.081825619180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38325.44000000</valUSD>
        <pctVal>0.002356366009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <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>BAWAG GROUP AG V/R /PERP//EUR/</name>
        <lei>529900S9YO2JHTIIDG38</lei>
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        <name>US TREAS BDS 4.5% 11/15/54</name>
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      <invstOrSec>
        <name>ESTEE LAUDER CO 5.15% 05/15/53</name>
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      <invstOrSec>
        <name>BURLINGTN NORTH 4.15% 12/15/48</name>
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      <invstOrSec>
        <name>LADDER CAP FIN LLL 7% 07/15/31</name>
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        <name>US TREAS BDS 2.25% 05/15/41</name>
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        <name>SHERWIN-WILLIAMS 3.8% 08/15/49</name>
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      <invstOrSec>
        <name>UMBS P#FS7979 2% 12/01/53</name>
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      <invstOrSec>
        <name>EDGEWELL PERSONA 5.5% 06/01/28</name>
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        <cusip>28035QAA0</cusip>
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        <valUSD>113243.08000000</valUSD>
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        <name>CIGNA GROUP/THE 3.4% 03/15/51</name>
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        <cusip>125523CQ1</cusip>
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        <curCd>USD</curCd>
        <valUSD>32463.96000000</valUSD>
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      <invstOrSec>
        <name>UMBS P#AE2911 3.5% 12/01/25</name>
        <lei>N/A</lei>
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        <name>PETROLEOS MEXIC 6.84% 01/23/30</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <name>L3HARRIS TECH IN 4.4% 06/15/28</name>
        <lei>549300UTE50ZMDBG8A20</lei>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>DNB BANK ASA V/R 11/05/30</name>
        <lei>549300GKFG0RYRRQ1414</lei>
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        <name>ONCOR ELECTRIC  4.95% 09/15/52</name>
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        <name>SOUTHERN COPPER 6.75% 04/16/40</name>
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        <name>CITIGROUP INC 4.4% 06/10/25</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <cusip>172967JT9</cusip>
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        <issuerCat>CORP</issuerCat>
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        <name>MOTION FI 7.375% 06/15/30/EUR/</name>
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          <isin value="XS2623257503"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>AERCAP IRELAND CAP 3% 10/29/28</name>
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      <invstOrSec>
        <name>UMBS P#BP3082 3% 03/01/50</name>
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      <invstOrSec>
        <name>EXXON MOBIL CO 4.227% 03/19/40</name>
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        <name>BROADCOM INC 4.15% 04/15/32</name>
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      <invstOrSec>
        <name>GLOBAL PAYMENTS  2.9% 11/15/31</name>
        <lei>549300NOMHGVQBX6S778</lei>
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        <name>RIO TINTO FIN USA  5% 03/09/33</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BANK OF AMERIC 4.183% 11/25/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ECOLAB INC 3.95% 12/01/47</name>
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        <name>US TREAS BDS 3% 02/15/47</name>
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        <name>EMERA US FINAN 2.639% 06/15/31</name>
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        <name>CONSUMERS ENERGY 3.5% 08/01/51</name>
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        <name>UNITED PARCEL SE 2.4% 11/15/26</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <name>PRKCM 2023-AFC1  V/R 02/25/27</name>
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        <name>COCA-COLA CO/THE 3% 03/05/51</name>
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      <invstOrSec>
        <name>CANADIAN IMPER 5.926% 10/02/26</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC V/R 02/25/36</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#MA4397 1.5% 08/01/51</name>
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      <invstOrSec>
        <name>ENCOMPASS HEALT 4.75% 02/01/30</name>
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        <name>KRAFT HEINZ FO 6.875% 01/26/39</name>
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        <name>US TREAS BDS 3% 05/15/45</name>
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        <name>US TREAS NTS 4.375% 11/30/30</name>
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        <name>US TREAS NTS 1.875% 02/28/27</name>
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        <name>BANK OF NOVA SCO 1.3% 06/11/25</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMGEN INC 5.65% 03/02/53</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
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        <name>ABC SUPPLY CO INC 4% 01/15/28</name>
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        <name>UDR INC 2.1% 08/01/32</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
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        <lei>OML71K8X303XQONU6T67</lei>
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        <name>GENERAL MILLS INC 3% 02/01/51</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
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        <name>UMBS P#RC1887 2% 03/01/36</name>
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        <name>PHILIP MORRIS  0.875% 05/01/26</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>QDOBA 2023-1A A 8.5% 09/14/28</name>
        <lei>N/A</lei>
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        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>3120474.86000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 07/23/35</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38141GB37</cusip>
        <identifiers>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>336900.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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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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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD0490 4% 01/01/45</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD0490 4.00000000</title>
        <cusip>3132DMRK3</cusip>
        <identifiers>
          <isin value="US3132DMRK35"/>
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        <balance>460436.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>438457.25000000</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>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; E 4.55% 07/01/30</name>
        <lei>N/A</lei>
        <title>PACIFIC GAS &amp; ELECTRIC REGD 4.55000000</title>
        <cusip>694308JM0</cusip>
        <identifiers>
          <isin value="US694308JM04"/>
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        <balance>2090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2023261.60000000</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>4.55000000</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>JBS USA HOLD/F 3.625% 01/15/32</name>
        <lei>N/A</lei>
        <title>JBS USA HOLD/FOOD/LUX CO REGD 3.62500000</title>
        <cusip>46590XAU0</cusip>
        <identifiers>
          <isin value="US46590XAU00"/>
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        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332852.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</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>MICRON TECHNOL 5.375% 04/15/28</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>MICRON TECHNOLOGY INC REGD 5.37500000</title>
        <cusip>595112CA9</cusip>
        <identifiers>
          <isin value="US595112CA91"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25502.41000000</valUSD>
        <pctVal>0.001567966658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>
      <invstOrSec>
        <name>UMBS P#AT0969 3% 04/01/43</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AT0969 3.00000000</title>
        <cusip>3138WNCF4</cusip>
        <identifiers>
          <isin value="US3138WNCF47"/>
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        <balance>59960.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53156.81000000</valUSD>
        <pctVal>0.003268244285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMBS P#SD1764 5% 10/01/52</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD1764 5.00000000</title>
        <cusip>3132DN5Z2</cusip>
        <identifiers>
          <isin value="US3132DN5Z21"/>
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        <balance>484303.29000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473586.20000000</valUSD>
        <pctVal>0.029117537187</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>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>US TREAS BDS 3% 11/15/44</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.00000000</title>
        <cusip>912810RJ9</cusip>
        <identifiers>
          <isin value="US912810RJ97"/>
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        <balance>1375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1033505.85000000</valUSD>
        <pctVal>0.063543120600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>
        <name>ARES CAPITAL CO 2.15% 07/15/26</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>ARES CAPITAL CORP REGD 2.15000000</title>
        <cusip>04010LBA0</cusip>
        <identifiers>
          <isin value="US04010LBA08"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24233.88000000</valUSD>
        <pctVal>0.001489973529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</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>IBRD 3.875% 08/28/34</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMENT 3.87500000</title>
        <cusip>459058LL5</cusip>
        <identifiers>
          <isin value="US459058LL50"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>478982.09000000</valUSD>
        <pctVal>0.029449293112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>GENERAL DYNAMIC 4.25% 04/01/50</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GENERAL DYNAMICS CORP REGD 4.25000000</title>
        <cusip>369550BJ6</cusip>
        <identifiers>
          <isin value="US369550BJ68"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20484.56000000</valUSD>
        <pctVal>0.001259453796</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>UNION ELECTRIC  5.45% 03/15/53</name>
        <lei>N/A</lei>
        <title>UNION ELECTRIC CO REGD 5.45000000</title>
        <cusip>906548CW0</cusip>
        <identifiers>
          <isin value="US906548CW07"/>
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        <balance>51000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47802.74000000</valUSD>
        <pctVal>0.002939059583</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>2053-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>COMMONSPIRIT H 3.817% 10/01/49</name>
        <lei>4SXHN5XW08IBO0UG2V58</lei>
        <title>COMMONSPIRIT HEALTH REGD 3.81700000</title>
        <cusip>20268JAD5</cusip>
        <identifiers>
          <isin value="US20268JAD54"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35536.16000000</valUSD>
        <pctVal>0.002184872490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.81700000</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>GRIFFON CORPORA 5.75% 03/01/28</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>GRIFFON CORPORATION REGD 5.75000000</title>
        <cusip>398433AP7</cusip>
        <identifiers>
          <isin value="US398433AP71"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154147.79000000</valUSD>
        <pctVal>0.009477480567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>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>
        <name>VERIZON COMMUN 2.875% 11/20/50</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 2.87500000</title>
        <cusip>92343VFU3</cusip>
        <identifiers>
          <isin value="US92343VFU35"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30302.88000000</valUSD>
        <pctVal>0.001863114329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-20</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>
        </securityLending>
      </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>PA</units>
        <curCd>USD</curCd>
        <valUSD>100753.84000000</valUSD>
        <pctVal>0.006194656185</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>
        </debtSec>
        <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"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23454.29000000</valUSD>
        <pctVal>0.001442041937</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"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50960.78000000</valUSD>
        <pctVal>0.003133225602</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>
          <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>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"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15875.14000000</valUSD>
        <pctVal>0.000976052467</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>
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      </invstOrSec>
      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>48451.06000000</valUSD>
        <pctVal>0.002978920292</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>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>264272.19000000</valUSD>
        <pctVal>0.016248267622</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49983.49000000</valUSD>
        <pctVal>0.003073138805</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25287.40000000</valUSD>
        <pctVal>0.001554747181</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>620000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>385901.57000000</valUSD>
        <pctVal>0.023726416258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US TREAS NTS 3.875% 03/31/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 3.87500000</title>
        <cusip>91282CMV0</cusip>
        <identifiers>
          <isin value="US91282CMV09"/>
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        <balance>1070000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1068578.91000000</valUSD>
        <pctVal>0.065699520277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROLEOS MEXICA 6.7% 02/16/32</name>
        <lei>N/A</lei>
        <title>PETROLEOS MEXICANOS REGD 6.70000000</title>
        <cusip>71643VAB1</cusip>
        <identifiers>
          <isin value="US71643VAB18"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89316.85000000</valUSD>
        <pctVal>0.005491474838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-16</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>
          <isLoanByFund>N</isLoanByFund>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>10000.00000000</valUSD>
        <pctVal>0.000614830778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isLoanByFund>N</isLoanByFund>
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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>718000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>441863.64000000</valUSD>
        <pctVal>0.027167136562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>DUKE ENERGY CAR 3.55% 03/15/52</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY CAROLINAS REGD 3.55000000</title>
        <cusip>26442CBH6</cusip>
        <identifiers>
          <isin value="US26442CBH60"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55552.30000000</valUSD>
        <pctVal>0.003415526383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <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>GOLUB CAPITAL BD 2.5% 08/24/26</name>
        <lei>2549005WE0QLGK9APF78</lei>
        <title>GOLUB CAPITAL BDC REGD 2.50000000</title>
        <cusip>38173MAB8</cusip>
        <identifiers>
          <isin value="US38173MAB81"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24195.53000000</valUSD>
        <pctVal>0.001487615653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-24</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#MA3277 4% 02/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA3277 4.00000000</title>
        <cusip>31418CUB8</cusip>
        <identifiers>
          <isin value="US31418CUB89"/>
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        <balance>82484.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76979.11000000</valUSD>
        <pctVal>0.004732912610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-01</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>OMEGA HLTHCARE 3.625% 10/01/29</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>OMEGA HLTHCARE INVESTORS REGD 3.62500000</title>
        <cusip>681936BL3</cusip>
        <identifiers>
          <isin value="US681936BL34"/>
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        <balance>790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>743828.19000000</valUSD>
        <pctVal>0.045732846488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
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        <name>WAYFAIR LLC 7.25% 10/31/29</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>KROGER CO 3.95% 01/15/50</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>GNMA II P#MA9599 2.5% 04/20/54</name>
        <lei>N/A</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <name>REALTY INCOME C 3.25% 01/15/31</name>
        <lei>549300CUWDAUZSH43859</lei>
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        <cusip>756109AX2</cusip>
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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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        <name>OCCIDENTAL PETR 6.45% 09/15/36</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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          <isin value="US674599DF90"/>
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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>ASTRAZENECA FINANC 5% 02/26/34</name>
        <lei>549300C3HATU4Q460S18</lei>
        <title>ASTRAZENECA FINANCE LLC REGD 5.00000000</title>
        <cusip>04636NAN3</cusip>
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          <isin value="US04636NAN30"/>
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        <curCd>USD</curCd>
        <valUSD>50241.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>REPUBLIC OF PER 6.55% 03/14/37</name>
        <lei>N/A</lei>
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        <invCountry>PE</invCountry>
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        <name>NATWEST GROUP PLC V/R 03/01/35</name>
        <lei>2138005O9XJIJN4JPN90</lei>
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          <isin value="US639057AN83"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <name>NISOURCE INC 5.25% 03/30/28</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NISOURCE INC REGD 5.25000000</title>
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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>
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        <invCountry>PE</invCountry>
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      <invstOrSec>
        <name>BOEING CO 3.2% 03/01/29</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO REGD 3.20000000</title>
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        <issuerCat>CORP</issuerCat>
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        <name>T-MOBILE USA INC 3.3% 02/15/51</name>
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        <cusip>87264ABN4</cusip>
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          <isin value="US87264ABN46"/>
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        <valUSD>64913.41000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HIGHMARK INC 2.55% 05/10/31</name>
        <lei>N/A</lei>
        <title>HIGHMARK INC REGD 144A P/P 2.55000000</title>
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          <isin value="US431116AE28"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <lei>QVLWEGTD2S8GJMO8D383</lei>
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          <isin value="US049560AM78"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INTERCONTINENTA 2.65% 09/15/40</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>INTERCONTINENTALEXCHANGE REGD 2.65000000</title>
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          <isin value="US45866FAP99"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KYNDRYL HOLDING 2.05% 10/15/26</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
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        <cusip>50155QAJ9</cusip>
        <identifiers>
          <isin value="US50155QAJ94"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DOMINICAN REPUB 6.95% 03/15/37</name>
        <lei>N/A</lei>
        <title>DOMINICAN REPUBLIC REGD 144A P/P 6.95000000</title>
        <cusip>25714PFB9</cusip>
        <identifiers>
          <isin value="US25714PFB94"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>301320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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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        <curCd>USD</curCd>
        <valUSD>29375.80000000</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>ORACLE CORP 2.875% 03/25/31</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 2.87500000</title>
        <cusip>68389XCE3</cusip>
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          <isin value="US68389XCE31"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>540892.58000000</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>CIVITAS RESOUR 8.375% 07/01/28</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>CIVITAS RESOURCES INC REGD 144A P/P 8.37500000</title>
        <cusip>17888HAA1</cusip>
        <identifiers>
          <isin value="US17888HAA14"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252129.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>13398.07000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12998.20000000</valUSD>
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        <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>
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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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>98704.43000000</valUSD>
        <pctVal>0.006068652150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>BURLINGTN NORTH  5.5% 03/15/55</name>
        <lei>N/A</lei>
        <title>BURLINGTN NORTH SANTA FE REGD 5.50000000</title>
        <cusip>12189LBL4</cusip>
        <identifiers>
          <isin value="US12189LBL45"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>483235.72000000</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#SD6306 6.5% 09/01/54</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD6306 6.50000000</title>
        <cusip>3132DUAF4</cusip>
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          <isin value="US3132DUAF49"/>
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        <balance>200116.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206087.63000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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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>
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          <isin value="US87612BBS07"/>
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        <balance>489000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477079.33000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>BBCMS 2024-C2 5.403% 08/15/34</name>
        <lei>N/A</lei>
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        <cusip>07336WBA6</cusip>
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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>
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          <isin value="US105340AR47"/>
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        <curCd>USD</curCd>
        <valUSD>755363.52000000</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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      <invstOrSec>
        <name>UMBS P#BZ3877 5.18% 05/01/35</name>
        <lei>N/A</lei>
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          <isin value="US3140NYJX00"/>
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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>FNA 2022-M10 A2 V/R 01/25/32</name>
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        <title>FANNIE MAE-ACES SER 2022-M10 CL A2 V/R 1.92800000</title>
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          <isin value="US3136BMXZ61"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226281.49000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COM V/R 04/04/31</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R MTN 4.47800000</title>
        <cusip>95000U2L6</cusip>
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          <isin value="US95000U2L65"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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          <isin value="US912810TT51"/>
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      <invstOrSec>
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        <name>DBSG 2024-ALTA A V/R 06/10/27</name>
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        <name>T-MOBILE USA IN 2.25% 02/15/26</name>
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          <isin value="US87264ABR59"/>
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        <name>BERKSHIRE HATH 6.125% 04/01/36</name>
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        <cusip>59562VAM9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATWEST GROUP PLC V/R 05/23/31</name>
        <lei>2138005O9XJIJN4JPN90</lei>
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        <cusip>639057AV0</cusip>
        <identifiers>
          <isin value="US639057AV00"/>
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        <valUSD>2508192.42000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KROGER CO 5% 09/15/34</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KROGER CO REGD 5.00000000</title>
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          <isin value="US501044DV05"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LLOYDS BANKING  3.75% 01/11/27</name>
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        <name>ARTHUR J GALLAG 5.75% 07/15/54</name>
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        <cusip>04316JAJ8</cusip>
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        <name>GNMA II P#MB0025 5% 11/20/54</name>
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        <name>3M COMPANY 4% 09/14/48</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
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          <isin value="US88579YBD22"/>
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        <name>ACADIA HEALTHCAR 5.5% 07/01/28</name>
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      <invstOrSec>
        <name>ALTRIA GROUP INC 5.8% 02/14/39</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
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      <invstOrSec>
        <name>VODAFONE GROUP 4.875% 06/19/49</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC REGD 4.87500000</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#256153 5.5% 03/01/26</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#256153 5.50000000</title>
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        <curCd>USD</curCd>
        <valUSD>807.07000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLE INC 4.375% 05/13/45</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 4.37500000</title>
        <cusip>037833BH2</cusip>
        <identifiers>
          <isin value="US037833BH21"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43311.26000000</valUSD>
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        <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>TRINITY INDUSTR 7.75% 07/15/28</name>
        <lei>R1JB4KXN77XFCXOQKV49</lei>
        <title>TRINITY INDUSTRIES INC REGD 144A P/P 7.75000000</title>
        <cusip>896522AJ8</cusip>
        <identifiers>
          <isin value="US896522AJ82"/>
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        <curCd>USD</curCd>
        <valUSD>124770.24000000</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>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CISCO SYSTEMS IN 5.5% 01/15/40</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>CISCO SYSTEMS INC REGD 5.50000000</title>
        <cusip>17275RAF9</cusip>
        <identifiers>
          <isin value="US17275RAF91"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50529.50000000</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>2040-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BUILDERS FIRSTS 4.25% 02/01/32</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSOURCE INC REGD 144A P/P 4.25000000</title>
        <cusip>12008RAP2</cusip>
        <identifiers>
          <isin value="US12008RAP29"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276917.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ORACLE CORP    5.375% 07/15/40</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 5.37500000</title>
        <cusip>68389XAM7</cusip>
        <identifiers>
          <isin value="US68389XAM74"/>
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        <balance>88000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83225.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ROPER TECHNOLOGI 4.9% 10/15/34</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>ROPER TECHNOLOGIES INC REGD 4.90000000</title>
        <cusip>776696AJ5</cusip>
        <identifiers>
          <isin value="US776696AJ52"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24223.03000000</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>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HYUNDAI CAPITAL  5.3% 03/19/27</name>
        <lei>N/A</lei>
        <title>HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.30000000</title>
        <cusip>44891ACX3</cusip>
        <identifiers>
          <isin value="US44891ACX37"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307118.46000000</valUSD>
        <pctVal>0.018882588175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</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>UNITEDHEALTH GR 4.25% 01/15/29</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 4.25000000</title>
        <cusip>91324PEU2</cusip>
        <identifiers>
          <isin value="US91324PEU21"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98738.75000000</valUSD>
        <pctVal>0.006070762249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>24457.35000000</valUSD>
        <pctVal>0.001503713153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WLAKE 2023-2A  7.01% 11/15/28</name>
        <lei>N/A</lei>
        <title>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2 SER 2023-2A CL D REGD 144A P/P 7.01000000</title>
        <cusip>959926AG1</cusip>
        <identifiers>
          <isin value="US959926AG18"/>
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        <balance>505000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>516250.49000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.01000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>86734.23000000</valUSD>
        <pctVal>0.005332687412</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>2.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
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        <curCd>USD</curCd>
        <valUSD>29689.13000000</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>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <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>
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        <curCd>USD</curCd>
        <valUSD>40093.62000000</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>2040-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>93017.29000000</valUSD>
        <pctVal>0.005718989279</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>2031-02-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.57200000</annualizedRt>
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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>
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        <curCd>USD</curCd>
        <valUSD>135806.12000000</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>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.55000000</annualizedRt>
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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>PA</units>
        <curCd>USD</curCd>
        <valUSD>48349.46000000</valUSD>
        <pctVal>0.002972673611</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>
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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>BANK OF AMERICA C V/R 04/29/31</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP REGD V/R 2.59200000</title>
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      <invstOrSec>
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        <name>RFM 2022-FRR1 BK V/R 03/01/50</name>
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        <name>TARGA RESOURCES  4.2% 02/01/33</name>
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        <name>MARATHON PETROLE 6.5% 03/01/41</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIM 2020-R6 A1A V/R 12/25/60</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROYALTY PHARMA P 5.4% 09/02/34</name>
        <lei>549300FGFN7VOK8BZR03</lei>
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        <cusip>78081BAR4</cusip>
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          <isin value="US78081BAR42"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BERKSHIRE HATHA 5.75% 01/15/40</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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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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        <curCd>USD</curCd>
        <valUSD>209471.99000000</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>APPLE INC 2.65% 05/11/50</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 2.65000000</title>
        <cusip>037833DW7</cusip>
        <identifiers>
          <isin value="US037833DW79"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30480.73000000</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>2050-05-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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      <invstOrSec>
        <name>FGLMC P#G67718 4% 01/01/49</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#G67718 4.00000000</title>
        <cusip>3132XCSF3</cusip>
        <identifiers>
          <isin value="US3132XCSF39"/>
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        <curCd>USD</curCd>
        <valUSD>194160.39000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FISERV INC 4.4% 07/01/49</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISERV INC REGD 4.40000000</title>
        <cusip>337738AV0</cusip>
        <identifiers>
          <isin value="US337738AV08"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39207.56000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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      <invstOrSec>
        <name>CVS HEALTH CORP 5% 01/30/29</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP REGD 5.00000000</title>
        <cusip>126650DW7</cusip>
        <identifiers>
          <isin value="US126650DW70"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201283.08000000</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>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WISCONSIN POWE 5.375% 03/30/34</name>
        <lei>N/A</lei>
        <title>WISCONSIN POWER &amp; LIGHT REGD 5.37500000</title>
        <cusip>976826BS5</cusip>
        <identifiers>
          <isin value="US976826BS59"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25025.18000000</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>2034-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>AMERICAN AIRLINE 5.5% 04/20/26</name>
        <lei>N/A</lei>
        <title>AMERICAN AIRLINES/AADVAN REGD 144A P/P 5.50000000</title>
        <cusip>00253XAA9</cusip>
        <identifiers>
          <isin value="US00253XAA90"/>
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        <curCd>USD</curCd>
        <valUSD>143186.67000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO 4.7% 02/09/34</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; CO REGD 4.70000000</title>
        <cusip>532457CL0</cusip>
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          <isin value="US532457CL03"/>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>584763.31000000</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>2034-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DISH DBS CORP 5.25% 12/01/26</name>
        <lei>N/A</lei>
        <title>DISH DBS CORP REGD 144A P/P 5.25000000</title>
        <cusip>25470XBE4</cusip>
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          <isin value="US25470XBE40"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92317.72000000</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>PNC FINANCIAL SER V/R 01/24/34</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <cusip>693475BM6</cusip>
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          <isin value="US693475BM68"/>
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        <curCd>USD</curCd>
        <valUSD>49357.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FKH 2021-SFR1 2.389% 08/17/26</name>
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        <title>FIRSTKEY HOMES 2021-SFR1 TRUST SER 2021-SFR1 CL E1 REGD 144A P/P 2.38900000</title>
        <cusip>33767WAJ2</cusip>
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          <isin value="US33767WAJ27"/>
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        <balance>805000.00000000</balance>
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      <invstOrSec>
        <name>ASTRAZENECA PL 4.375% 11/16/45</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC REGD 4.37500000</title>
        <cusip>046353AM0</cusip>
        <identifiers>
          <isin value="US046353AM00"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21233.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>GENERAL ELECTR 5.875% 01/14/38</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GENERAL ELECTRIC CO REGD MTN 5.87500000</title>
        <cusip>36962G3P7</cusip>
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          <isin value="US36962G3P70"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52269.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>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"/>
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        <curCd>USD</curCd>
        <valUSD>24668.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </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"/>
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        <balance>610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>389837.65000000</valUSD>
        <pctVal>0.023968418571</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>
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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>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"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49244.33000000</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>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>86248.02000000</valUSD>
        <pctVal>0.005302793725</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>
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          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>140481.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128582.33000000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>125840.45000000</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>2060-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</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>BLOCK INC 6.5% 05/15/32</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>BLOCK INC REGD REG S 6.50000000</title>
        <cusip>852234AS2</cusip>
        <identifiers>
          <isin value="US852234AS26"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>230348.48000000</valUSD>
        <pctVal>0.014162533520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>425910.92000000</valUSD>
        <pctVal>0.026186314237</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLENCORE FUNDI 5.634% 04/04/34</name>
        <lei>N/A</lei>
        <title>GLENCORE FUNDING LLC REGD 144A P/P 5.63400000</title>
        <cusip>378272BU1</cusip>
        <identifiers>
          <isin value="US378272BU12"/>
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        <balance>890000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>894704.99000000</valUSD>
        <pctVal>0.055009216523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.63400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78736.61000000</valUSD>
        <pctVal>0.004840969119</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>
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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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>99219.97000000</valUSD>
        <pctVal>0.006100349136</pctVal>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>42829.08000000</valUSD>
        <pctVal>0.002633263658</pctVal>
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        <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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>129141.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEO GROUP INC/ 8.625% 04/15/29</name>
        <lei>54930024XOXET7NQVZ63</lei>
        <title>GEO GROUP INC/THE REGD 8.62500000</title>
        <cusip>36162JAG1</cusip>
        <identifiers>
          <isin value="US36162JAG13"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>422520.48000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#SD0494 3.5% 06/01/49</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD0494 3.50000000</title>
        <cusip>3132DMRP2</cusip>
        <identifiers>
          <isin value="US3132DMRP22"/>
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        <balance>752529.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>684357.09000000</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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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>JBS USA HOLD/FOO 2.5% 01/15/27</name>
        <lei>N/A</lei>
        <title>JBS USA HOLD/FOOD/LUX CO REGD 2.50000000</title>
        <cusip>46590XAS5</cusip>
        <identifiers>
          <isin value="US46590XAS53"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96512.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BURLINGTN NORTH 3.05% 02/15/51</name>
        <lei>N/A</lei>
        <title>BURLINGTN NORTH SANTA FE REGD 3.05000000</title>
        <cusip>12189LBF7</cusip>
        <identifiers>
          <isin value="US12189LBF76"/>
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        <balance>52000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33489.55000000</valUSD>
        <pctVal>0.002059040608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-15</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>
        <name>NEXTERA ENERGY  5.25% 03/15/34</name>
        <lei>N/A</lei>
        <title>NEXTERA ENERGY CAPITAL REGD 5.25000000</title>
        <cusip>65339KCU2</cusip>
        <identifiers>
          <isin value="US65339KCU25"/>
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        <curCd>USD</curCd>
        <valUSD>49620.88000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#MA8801 5.5% 04/20/53</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8801 5.50000000</title>
        <cusip>36179XX68</cusip>
        <identifiers>
          <isin value="US36179XX681"/>
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        <balance>682746.70000000</balance>
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        <curCd>USD</curCd>
        <valUSD>680192.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>PETSMART INC/PE 4.75% 02/15/28</name>
        <lei>N/A</lei>
        <title>PETSMART INC/PETSMART FI REGD 144A P/P 4.75000000</title>
        <cusip>71677KAA6</cusip>
        <identifiers>
          <isin value="US71677KAA60"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>463754.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>OI EUROPEA 6.25% 05/15/28/EUR/</name>
        <lei>N/A</lei>
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        <cusip>N6704RAL5</cusip>
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          <isin value="XS2624554320"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EASTMAN CHEMICA 4.65% 10/15/44</name>
        <lei>FDPVHDGJ1IQZFK9KH630</lei>
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        <cusip>277432AP5</cusip>
        <identifiers>
          <isin value="US277432AP52"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20545.45000000</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>2044-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AIR PRODUCTS &amp; C 2.7% 05/15/40</name>
        <lei>7QEON6Y1RL5XR3R1W237</lei>
        <title>AIR PRODUCTS &amp; CHEMICALS REGD 2.70000000</title>
        <cusip>009158AZ9</cusip>
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          <isin value="US009158AZ91"/>
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        <curCd>USD</curCd>
        <valUSD>17794.87000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#FM5840 4.5% 11/01/49</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FM5840 4.50000000</title>
        <cusip>3140X9P25</cusip>
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          <isin value="US3140X9P253"/>
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        <curCd>USD</curCd>
        <valUSD>209432.89000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENESIS ENERGY  7.75% 02/01/28</name>
        <lei>N/A</lei>
        <title>GENESIS ENERGY LP/FIN REGD 7.75000000</title>
        <cusip>37185LAL6</cusip>
        <identifiers>
          <isin value="US37185LAL62"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105955.40000000</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HVMLT 2004-5 2A6 V/R 06/19/34</name>
        <lei>N/A</lei>
        <title>HARBORVIEW MORTGAGE LOAN TRUST  2004-5 2A6 V/R REGD 5.18556000</title>
        <cusip>41161PEX7</cusip>
        <identifiers>
          <isin value="US41161PEX78"/>
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        <balance>40381.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38746.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.18556000</annualizedRt>
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      <invstOrSec>
        <name>VERIZON COMMUNI 5.85% 09/15/35</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS REGD 5.85000000</title>
        <cusip>92344GAX4</cusip>
        <identifiers>
          <isin value="US92344GAX43"/>
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        <balance>101000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104574.44000000</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>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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      <invstOrSec>
        <name>SIMON PROPERTY  2.45% 09/13/29</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP LP REGD 2.45000000</title>
        <cusip>828807DF1</cusip>
        <identifiers>
          <isin value="US828807DF17"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45968.44000000</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>2029-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHARLES SCHWAB  2.45% 03/03/27</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <cusip>808513BY0</cusip>
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          <isin value="US808513BY05"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48436.77000000</valUSD>
        <pctVal>0.002978041699</pctVal>
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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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        <name>TRUIST FINANCIAL  V/R 01/26/34</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP REGD V/R MTN 5.12200000</title>
        <cusip>89788MAM4</cusip>
        <identifiers>
          <isin value="US89788MAM47"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48955.54000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BANQUE OUEST AFR 4.7% 10/22/31</name>
        <lei>529900LIZJABE4JJS826</lei>
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        <cusip>06675QAC7</cusip>
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          <isin value="US06675QAC78"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>TG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMCAST CORP 6.05% 05/15/55</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 6.05000000</title>
        <cusip>20030NEQ0</cusip>
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          <isin value="US20030NEQ07"/>
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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>CAPITAL ONE FINAN V/R 02/01/34</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <cusip>14040HCY9</cusip>
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          <isin value="US14040HCY99"/>
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        <valUSD>50585.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UMBS P#BS5172 2.59% 09/01/30</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BS5172 2.59000000</title>
        <cusip>3140LFXA7</cusip>
        <identifiers>
          <isin value="US3140LFXA79"/>
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        <balance>6599857.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6068615.61000000</valUSD>
        <pctVal>0.373117165792</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>VERIZON COMMUN 4.016% 12/03/29</name>
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        <name>PRUDENTIAL FINA 5.75% 07/15/33</name>
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        <name>HESS MIDSTREAM O 5.5% 10/15/30</name>
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        <name>CONOCOPHILLIPS 4.025% 03/15/62</name>
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        <name>DANSKE BANK A/S V/R 10/02/30</name>
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        <name>SIDC 2024-1A A2 5.9% 03/26/29</name>
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        <name>JOHN DEERE CAPI 4.75% 06/08/26</name>
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        <name>ECOLAB INC 2.125% 08/15/50</name>
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        <name>ZOETIS INC 4.7% 02/01/43</name>
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        <name>EQT CORP 3.625% 05/15/31</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT CORP REGD 144A P/P 3.62500000</title>
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          <isin value="US26884LAN91"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREAS NTS 0.5% 02/28/26</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 0.50000000</title>
        <cusip>91282CBQ3</cusip>
        <identifiers>
          <isin value="US91282CBQ33"/>
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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>2026-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREAS BDS 3.125% 11/15/41</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.12500000</title>
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        <identifiers>
          <isin value="US912810QT88"/>
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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>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US TREAS BDS 1.25% 05/15/50</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 1.25000000</title>
        <cusip>912810SN9</cusip>
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          <isin value="US912810SN90"/>
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        <curCd>USD</curCd>
        <valUSD>708373.44000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#QC7086 2.5% 09/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QC7086 2.50000000</title>
        <cusip>3133AR2T1</cusip>
        <identifiers>
          <isin value="US3133AR2T19"/>
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        <curCd>USD</curCd>
        <valUSD>4525708.69000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NXP BV/NXP FDG/N 2.5% 05/11/31</name>
        <lei>N/A</lei>
        <title>NXP BV/NXP FDG/NXP USA REGD 2.50000000</title>
        <cusip>62954HBA5</cusip>
        <identifiers>
          <isin value="US62954HBA59"/>
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        <curCd>USD</curCd>
        <valUSD>256021.28000000</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>2031-05-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>JEFFERIES FIN G 4.15% 01/23/30</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>JEFFERIES FIN GROUP INC REGD 4.15000000</title>
        <cusip>47233JBH0</cusip>
        <identifiers>
          <isin value="US47233JBH05"/>
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        <curCd>USD</curCd>
        <valUSD>48213.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</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>ENERSYS 6.625% 01/15/32</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
        <title>ENERSYS REGD 144A P/P 6.62500000</title>
        <cusip>29275YAF9</cusip>
        <identifiers>
          <isin value="US29275YAF97"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86897.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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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#MA7311 2% 04/20/51</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA7311 2.00000000</title>
        <cusip>36179WDQ8</cusip>
        <identifiers>
          <isin value="US36179WDQ87"/>
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        <balance>933569.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>750179.83000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>
        <cusip>912810SS8</cusip>
        <identifiers>
          <isin value="US912810SS87"/>
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        <balance>1245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>637600.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
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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>
        <identifiers>
          <isin value="US31329NF941"/>
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        <curCd>USD</curCd>
        <valUSD>120924.98000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#MA5586 5.5% 01/01/55</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA5586 5.50000000</title>
        <cusip>31418FF44</cusip>
        <identifiers>
          <isin value="US31418FF443"/>
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        <curCd>USD</curCd>
        <valUSD>10698662.23000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DXC TECHNOLOGY C 1.8% 09/15/26</name>
        <lei>549300DOVZ3EDJB7O259</lei>
        <title>DXC TECHNOLOGY CO REGD 1.80000000</title>
        <cusip>23355LAL0</cusip>
        <identifiers>
          <isin value="US23355LAL09"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24053.73000000</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>
          <annualizedRt>1.80000000</annualizedRt>
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        <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>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375974.72000000</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>
          <annualizedRt>9.75000000</annualizedRt>
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        <name>RHP HOTEL PPTY/R 6.5% 04/01/32</name>
        <lei>N/A</lei>
        <title>RHP HOTEL PPTY/RHP FINAN REGD 144A P/P 6.50000000</title>
        <cusip>749571AK1</cusip>
        <identifiers>
          <isin value="US749571AK15"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101444.70000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>MITER BRAND / M 6.75% 04/01/32</name>
        <lei>N/A</lei>
        <title>MITER BRAND / MIWD BORR REGD 144A P/P 6.75000000</title>
        <cusip>60672JAA7</cusip>
        <identifiers>
          <isin value="US60672JAA79"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176426.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CENTENE CORP 4.625% 12/15/29</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CENTENE CORP REGD SER WI 4.62500000</title>
        <cusip>15135BAT8</cusip>
        <identifiers>
          <isin value="US15135BAT89"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96487.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>SUMITOMO MITSU 2.174% 01/14/27</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINL GRP REGD 2.17400000</title>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193000.90000000</valUSD>
        <pctVal>0.011866289353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-14</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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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        <curCd>USD</curCd>
        <valUSD>750320.37000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SINCLAIR TELEV 4.375% 12/31/32</name>
        <lei>N/A</lei>
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        <cusip>829259BF6</cusip>
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          <isin value="US829259BF69"/>
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        <curCd>USD</curCd>
        <valUSD>43477.20000000</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>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US931142EV12"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30744.23000000</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>2051-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHS/COMMUNITY  5.625% 03/15/27</name>
        <lei>N/A</lei>
        <title>CHS/COMMUNITY HEALTH SYS REGD 144A P/P 5.62500000</title>
        <cusip>12543DBG4</cusip>
        <identifiers>
          <isin value="US12543DBG43"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113333.02000000</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>2027-03-15</maturityDt>
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      <invstOrSec>
        <name>UMBS P#ZT1546 4.5% 12/01/48</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#ZT1546 4.50000000</title>
        <cusip>3132ADWF1</cusip>
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          <isin value="US3132ADWF13"/>
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        <curCd>USD</curCd>
        <valUSD>117265.66000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HCA INC 6% 04/01/54</name>
        <lei>N/A</lei>
        <title>HCA INC REGD 6.00000000</title>
        <cusip>404119CV9</cusip>
        <identifiers>
          <isin value="US404119CV94"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142240.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RCKT 2024-CES9 A V/R 12/25/28</name>
        <lei>N/A</lei>
        <title>RCKT MORTGAGE TRUST 2024-CES9 SER 2024-CES9 CL A1A V/R REGD 144A P/P 5.58200000</title>
        <cusip>749426AA0</cusip>
        <identifiers>
          <isin value="US749426AA06"/>
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        <balance>1220619.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1224946.66000000</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>2044-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.58200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US49456BAS07"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34110.27000000</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>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>COMCAST CORP 3.2% 07/15/36</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 3.20000000</title>
        <cusip>20030NBT7</cusip>
        <identifiers>
          <isin value="US20030NBT72"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20481.54000000</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>2036-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>ENTERPRISE PRODU 5.1% 02/15/45</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 5.10000000</title>
        <cusip>29379VBC6</cusip>
        <identifiers>
          <isin value="US29379VBC63"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22541.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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      <invstOrSec>
        <name>CONAGRA BRANDS I 5.3% 10/01/26</name>
        <lei>54930035UDEIH090K650</lei>
        <title>CONAGRA BRANDS INC REGD 5.30000000</title>
        <cusip>205887CJ9</cusip>
        <identifiers>
          <isin value="US205887CJ91"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100786.31000000</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>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>COREWELL HEALT 3.487% 07/15/49</name>
        <lei>N/A</lei>
        <title>COREWELL HEALTH OBL GRP REGD SER 19A 3.48700000</title>
        <cusip>84765EAA6</cusip>
        <identifiers>
          <isin value="US84765EAA64"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69649.53000000</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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        <name>AMCOR FLEXIBLES 2.69% 05/25/31</name>
        <lei>N/A</lei>
        <title>AMCOR FLEXIBLES NORTH AM REGD 2.69000000</title>
        <cusip>02344AAA6</cusip>
        <identifiers>
          <isin value="US02344AAA60"/>
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        <balance>94000.00000000</balance>
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        <valUSD>82884.30000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SPECTRA ENERGY P 4.5% 03/15/45</name>
        <lei>N/A</lei>
        <title>SPECTRA ENERGY PARTNERS REGD 4.50000000</title>
        <cusip>84756NAG4</cusip>
        <identifiers>
          <isin value="US84756NAG43"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19950.18000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>ROCKIES EXPRESS 4.95% 07/15/29</name>
        <lei>N/A</lei>
        <title>ROCKIES EXPRESS PIPELINE REGD 144A P/P 4.95000000</title>
        <cusip>77340RAR8</cusip>
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          <isin value="US77340RAR84"/>
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        <curCd>USD</curCd>
        <valUSD>173987.84000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>HUMANA INC 5.875% 03/01/33</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUMANA INC REGD 5.87500000</title>
        <cusip>444859BV3</cusip>
        <identifiers>
          <isin value="US444859BV38"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25387.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALABAMA POWER CO 3% 03/15/52</name>
        <lei>N/A</lei>
        <title>ALABAMA POWER CO REGD 3.00000000</title>
        <cusip>010392FW3</cusip>
        <identifiers>
          <isin value="US010392FW36"/>
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        <balance>111000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69350.51000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ELECTRICITE DE V/R /PERP//EUR/</name>
        <lei>N/A</lei>
        <title>ELECTRICITE DE FRANCE SA /EUR/ REGD V/R /PERP/ REG S EMTN 7.50000000</title>
        <cusip>F3R505JM9</cusip>
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          <isin value="FR001400EFQ6"/>
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        <balance>600000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.88066931"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2173-12-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>AERCAP IRELAND C 3.3% 01/30/32</name>
        <lei>N/A</lei>
        <title>AERCAP IRELAND CAP/GLOBA REGD 3.30000000</title>
        <cusip>00774MAX3</cusip>
        <identifiers>
          <isin value="US00774MAX39"/>
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        <balance>2000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1775.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#890877 3.5% 07/01/48</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#890877 3.50000000</title>
        <cusip>31410LXE7</cusip>
        <identifiers>
          <isin value="US31410LXE72"/>
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        <balance>201517.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182672.37000000</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>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>
      <invstOrSec>
        <name>METLIFE INC V/R /PERP/</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC REGD V/R /PERP/ SER G 3.85000000</title>
        <cusip>59156RCA4</cusip>
        <identifiers>
          <isin value="US59156RCA41"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1192246.08000000</valUSD>
        <pctVal>0.073302958514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2174-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.85000000</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>
      <invstOrSec>
        <name>US TREAS BDS 3.375% 08/15/42</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.37500000</title>
        <cusip>912810TK4</cusip>
        <identifiers>
          <isin value="US912810TK43"/>
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        <balance>1115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>915846.19000000</valUSD>
        <pctVal>0.056309042568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CONOCOPHILLIPS C 5.3% 05/15/53</name>
        <lei>N/A</lei>
        <title>CONOCOPHILLIPS COMPANY REGD 5.30000000</title>
        <cusip>20826FBE5</cusip>
        <identifiers>
          <isin value="US20826FBE51"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44569.58000000</valUSD>
        <pctVal>0.002740274955</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>5.30000000</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>WESTERN MIDSTRE 5.25% 02/01/50</name>
        <lei>N/A</lei>
        <title>WESTERN MIDSTREAM OPERAT REGD 5.25000000</title>
        <cusip>958667AA5</cusip>
        <identifiers>
          <isin value="US958667AA50"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93275.81000000</valUSD>
        <pctVal>0.005734883884</pctVal>
        <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>Variable</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>
      <invstOrSec>
        <name>CONOCOPHILLIPS C 5.7% 09/15/63</name>
        <lei>N/A</lei>
        <title>CONOCOPHILLIPS COMPANY REGD 5.70000000</title>
        <cusip>20826FBH8</cusip>
        <identifiers>
          <isin value="US20826FBH82"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23008.85000000</valUSD>
        <pctVal>0.001414654915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>DELL INT LLC /  8.35% 07/15/46</name>
        <lei>N/A</lei>
        <title>DELL INT LLC / EMC CORP REGD 8.35000000</title>
        <cusip>24703TAK2</cusip>
        <identifiers>
          <isin value="US24703TAK25"/>
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        <balance>23000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28461.21000000</valUSD>
        <pctVal>0.001749882789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.35000000</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>META PLATFORMS  4.65% 08/15/62</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META PLATFORMS INC REGD SER WI 4.65000000</title>
        <cusip>30303M8K1</cusip>
        <identifiers>
          <isin value="US30303M8K14"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94719.21000000</valUSD>
        <pctVal>0.005823628559</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>4.65000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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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>
        <identifiers>
          <isin value="US26884ABM45"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22784.22000000</valUSD>
        <pctVal>0.001400843971</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</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>ADAPTHEALTH LL 4.625% 08/01/29</name>
        <lei>N/A</lei>
        <title>ADAPTHEALTH LLC REGD 144A P/P 4.62500000</title>
        <cusip>00653VAC5</cusip>
        <identifiers>
          <isin value="US00653VAC54"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41594.57000000</valUSD>
        <pctVal>0.002557362184</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CAESARS ENTERT 4.625% 10/15/29</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CAESARS ENTERTAIN INC REGD 144A P/P 4.62500000</title>
        <cusip>12769GAA8</cusip>
        <identifiers>
          <isin value="US12769GAA85"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219894.22000000</valUSD>
        <pctVal>0.013519773439</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>MASTERCARD INC 3.65% 06/01/49</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MASTERCARD INC REGD 3.65000000</title>
        <cusip>57636QAL8</cusip>
        <identifiers>
          <isin value="US57636QAL86"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18585.45000000</valUSD>
        <pctVal>0.001142690668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</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>CONSTELLATION B 5.25% 11/15/48</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>CONSTELLATION BRANDS INC REGD 5.25000000</title>
        <cusip>21036PBD9</cusip>
        <identifiers>
          <isin value="US21036PBD96"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22310.53000000</valUSD>
        <pctVal>0.001371720052</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>5.25000000</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>GNMA II P#5116 5% 07/20/41</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#5116 5.00000000</title>
        <cusip>36202FVH6</cusip>
        <identifiers>
          <isin value="US36202FVH62"/>
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        <balance>7972.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7956.83000000</valUSD>
        <pctVal>0.000489210398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-20</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>
        <name>EUROPEAN INVES 4.125% 02/13/34</name>
        <lei>5493006YXS1U5GIHE750</lei>
        <title>EUROPEAN INVESTMENT BANK REGD 4.12500000</title>
        <cusip>298785KA3</cusip>
        <identifiers>
          <isin value="US298785KA31"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>294436.31000000</valUSD>
        <pctVal>0.018102850559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARTER COMM OPT 3.9% 06/01/52</name>
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      <invstOrSec>
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      <invstOrSec>
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        <lei>5493008HSF8L4M2LIJ82</lei>
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        <name>LOCKHEED MARTIN  3.8% 03/01/45</name>
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        <name>BANK OF AMERICA C V/R 10/24/31</name>
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        <name>ENTERPRISE PRODU 4.2% 01/31/50</name>
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        <title>ENTERPRISE PRODUCTS OPER REGD 4.20000000</title>
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      <invstOrSec>
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        <name>MCAS 2019-01 M10 V/R 10/25/49</name>
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      <invstOrSec>
        <name>UMBS P#MA3685 3% 06/01/49</name>
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        <name>TEXAS INSTRUMEN 4.15% 05/15/48</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
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        <name>JEFFERIES FIN  5.875% 07/21/28</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>JEFFERIES FIN GROUP INC REGD 5.87500000</title>
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      <invstOrSec>
        <name>UMBS P#SD8027 4.5% 11/01/49</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
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        <name>T-MOBILE USA I 2.875% 02/15/31</name>
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        <name>SAUDI ARABIAN  6.375% 06/02/55</name>
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      <invstOrSec>
        <name>TARGA RESOURCES PA 4% 01/15/32</name>
        <lei>N/A</lei>
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          <isin value="US87612BBU52"/>
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        <name>LUMEN TECHNOLO 4.125% 04/15/30</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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        <name>VENTAS REALTY LP 3% 01/15/30</name>
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        <name>GNMA II P#MA4126 3% 12/20/46</name>
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        <name>ABBVIE INC 4.875% 11/14/48</name>
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        <name>CITIGROUP INC V/R /PERP/</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2174-05-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BERKSHIRE HATHAW 2.5% 01/15/51</name>
        <lei>N/A</lei>
        <title>BERKSHIRE HATHAWAY FIN REGD 2.50000000</title>
        <cusip>084664CX7</cusip>
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          <isin value="US084664CX75"/>
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        <curCd>USD</curCd>
        <valUSD>14498.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENBRIDGE INC 5.9% 11/15/26</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC REGD 5.90000000</title>
        <cusip>29250NBW4</cusip>
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          <isin value="US29250NBW48"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101690.39000000</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>BRITISH AIR 19-1 3.3% 12/15/32</name>
        <lei>N/A</lei>
        <title>BRITISH AIR 19-1 AA PTT REGD 144A P/P 3.30000000</title>
        <cusip>11043XAA1</cusip>
        <identifiers>
          <isin value="US11043XAA19"/>
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        <balance>1260720.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1165559.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMET 2022-A3  4.95% 10/15/25</name>
        <lei>N/A</lei>
        <title>CAPITAL ONE MULTI-ASSET EXECUTION TRUST SER 2022-A3 CL A REGD 4.95000000</title>
        <cusip>14041NGB1</cusip>
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          <isin value="US14041NGB10"/>
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        <curCd>USD</curCd>
        <valUSD>462575.10000000</valUSD>
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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>
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      <invstOrSec>
        <name>UNITED PARCEL S 4.25% 03/15/49</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UNITED PARCEL SERVICE REGD 4.25000000</title>
        <cusip>911312BQ8</cusip>
        <identifiers>
          <isin value="US911312BQ83"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19681.67000000</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>SAUDI ARABIAN  5.375% 06/02/35</name>
        <lei>N/A</lei>
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        <cusip>80414L3B9</cusip>
        <identifiers>
          <isin value="US80414L3B99"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>654336.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>ORACLE CORP 2.65% 07/15/26</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP REGD 2.65000000</title>
        <cusip>68389XBM6</cusip>
        <identifiers>
          <isin value="US68389XBM65"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97944.10000000</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>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OFFICE CHERIFIE 3.75% 06/23/31</name>
        <lei>N/A</lei>
        <title>OFFICE CHERIFIEN DES PHO REGD 144A P/P 3.75000000</title>
        <cusip>67091TAD7</cusip>
        <identifiers>
          <isin value="US67091TAD72"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>176911.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEVON ENERGY CO 5.25% 10/15/27</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>DEVON ENERGY CORPORATION REGD SER WI 5.25000000</title>
        <cusip>25179MBD4</cusip>
        <identifiers>
          <isin value="US25179MBD48"/>
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        <balance>32000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32014.14000000</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>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>COREWEAVE INC 9.25% 06/01/30</name>
        <lei>984500511DP2B6186053</lei>
        <title>COREWEAVE INC REGD 144A P/P 9.25000000</title>
        <cusip>21873SAB4</cusip>
        <identifiers>
          <isin value="US21873SAB43"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49980.36000000</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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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        <name>CLEAR CHANNEL  5.125% 08/15/27</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 5.12500000</title>
        <cusip>18453HAA4</cusip>
        <identifiers>
          <isin value="US18453HAA41"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259412.08000000</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>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#BH0187 2.5% 04/01/32</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BH0187 2.50000000</title>
        <cusip>3140GNF57</cusip>
        <identifiers>
          <isin value="US3140GNF575"/>
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        <balance>53989.24000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51630.50000000</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>2032-04-01</maturityDt>
          <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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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21709.62000000</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>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>UNIVERSAL MUS 4% 06/13/31/EUR/</name>
        <lei>724500GJBUL3D9TW9Y18</lei>
        <title>UNIVERSAL MUSIC GROUP NV /EUR/ REGD REG S EMTN 4.00000000</title>
        <cusip>N90313CZ3</cusip>
        <identifiers>
          <isin value="XS2631848665"/>
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        <balance>700000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <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>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95986.50000000</valUSD>
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        <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>
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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>
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        <curCd>USD</curCd>
        <valUSD>537683.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.41200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>57000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GOLDMAN SACHS GRO V/R 07/21/32</name>
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        <name>WALT DISNEY COM 2.65% 01/13/31</name>
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        <name>ARES CAPITAL C 5.875% 03/01/29</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
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        <name>WALMART INC 5.625% 04/15/41</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#BV8477 3% 05/01/52</name>
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        <title>FANNIE MAE POOL UMBS P#BV8477 3.00000000</title>
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        <valUSD>1585911.18000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>3M COMPANY 3.7% 04/15/50</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
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        <cusip>88579YBP5</cusip>
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          <isin value="US88579YBP51"/>
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        <curCd>USD</curCd>
        <valUSD>17742.92000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>VODAFONE GROUP  5.75% 06/28/54</name>
        <lei>213800TB53ELEUKM7Q61</lei>
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        <cusip>92857WCA6</cusip>
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          <isin value="US92857WCA62"/>
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        <curCd>USD</curCd>
        <valUSD>46782.41000000</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>NOVA CHEMICALS COR 9% 02/15/30</name>
        <lei>N/A</lei>
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          <isin value="US66977WAU36"/>
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        <curCd>USD</curCd>
        <valUSD>161681.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA 30YR TBA 2.5% JUL25</name>
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        <cusip>01F022675</cusip>
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          <isin value="US01F0226757"/>
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        <curCd>USD</curCd>
        <valUSD>8956808.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>FAIRFAX FINL HL 6.35% 03/22/54</name>
        <lei>GLS7OQD0WOEDI8YAP031</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>BPCE SA V/R 05/30/35</name>
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        <issuerCat>CORP</issuerCat>
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        <name>REYNOLDS AMERICA 5.7% 08/15/35</name>
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          <isin value="US761713BA36"/>
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      <invstOrSec>
        <name>CROWN CASTLE INC 3.1% 11/15/29</name>
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        <name>US TREAS NTS 2.75% 04/30/27</name>
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        <issuerCat>UST</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>COMCAST CORP 3.969% 11/01/47</name>
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        <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>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>99609.06000000</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>2026-06-02</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>
      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>25000.12000000</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>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>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>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6041601.54000000</valUSD>
        <pctVal>0.371456257624</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>PA</units>
        <curCd>USD</curCd>
        <valUSD>26236.01000000</valUSD>
        <pctVal>0.001613070644</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SDART 2024-2 D 6.28% 05/15/28</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-2 SER 2024-2 CL D REGD 6.28000000</title>
        <cusip>80286YAF9</cusip>
        <identifiers>
          <isin value="US80286YAF97"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2054023.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.28000000</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>CAS 2025-R03 2A1 V/R 03/25/45</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2025-R03 SER 2025-R03 CL 2A1 V/R REGD 144A P/P 5.77197000</title>
        <cusip>20754VAA5</cusip>
        <identifiers>
          <isin value="US20754VAA52"/>
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        <balance>861600.91000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>868134.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.77197000</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>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>PA</units>
        <curCd>USD</curCd>
        <valUSD>380261.01000000</valUSD>
        <pctVal>0.023379617268</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>1950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1957211.41000000</valUSD>
        <pctVal>0.120335381425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BECTON DICKINS 4.685% 12/15/44</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>BECTON DICKINSON &amp; CO REGD 4.68500000</title>
        <cusip>075887BG3</cusip>
        <identifiers>
          <isin value="US075887BG35"/>
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        <balance>27000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22778.14000000</valUSD>
        <pctVal>0.001400470154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.68500000</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>GNMA II P#MA2754 3.5% 04/20/45</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA2754 3.50000000</title>
        <cusip>36179RBX6</cusip>
        <identifiers>
          <isin value="US36179RBX61"/>
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        <balance>21104.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19166.11000000</valUSD>
        <pctVal>0.001178391432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-20</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>TARGA RESOURCES  5.5% 03/01/30</name>
        <lei>N/A</lei>
        <title>TARGA RESOURCES PARTNERS REGD 5.50000000</title>
        <cusip>87612BBQ4</cusip>
        <identifiers>
          <isin value="US87612BBQ41"/>
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        <balance>188000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>189450.38000000</valUSD>
        <pctVal>0.011647992456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ANHEUSER-BUSCH  5.45% 01/23/39</name>
        <lei>N/A</lei>
        <title>ANHEUSER-BUSCH INBEV WOR REGD 5.45000000</title>
        <cusip>03523TBU1</cusip>
        <identifiers>
          <isin value="US03523TBU16"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50091.54000000</valUSD>
        <pctVal>0.003079782051</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIR LEASE CORP 3.125% 12/01/30</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>AIR LEASE CORP REGD 3.12500000</title>
        <cusip>00914AAK8</cusip>
        <identifiers>
          <isin value="US00914AAK88"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22838.17000000</valUSD>
        <pctVal>0.001404160983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEPSICO INC 4.45% 04/14/46</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC REGD 4.45000000</title>
        <cusip>713448DD7</cusip>
        <identifiers>
          <isin value="US713448DD75"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21483.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>OVINTIV INC 6.25% 07/15/33</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>OVINTIV INC REGD 6.25000000</title>
        <cusip>69047QAC6</cusip>
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          <isin value="US69047QAC69"/>
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        <balance>177000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>177008.51000000</valUSD>
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        <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>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HINTT 2020-A A 1.39% 10/09/39</name>
        <lei>N/A</lei>
        <title>HIN TIMESHARE TRUST 2020-A SER 2020-A CL A REGD 144A P/P 1.39000000</title>
        <cusip>40439HAA7</cusip>
        <identifiers>
          <isin value="US40439HAA77"/>
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        <balance>647611.31000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616067.59000000</valUSD>
        <pctVal>0.037877731576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.39000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MIZUHO FINANCIAL  V/R 07/10/31</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>MIZUHO FINANCIAL GROUP REGD V/R 2.20100000</title>
        <cusip>60687YBH1</cusip>
        <identifiers>
          <isin value="US60687YBH18"/>
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        <name>WYETH LLC 5.95% 04/01/37</name>
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        <name>BARRICK NA FINAN 5.7% 05/30/41</name>
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          <isin value="US06849RAG74"/>
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        <name>US TREAS BDS 4.75% 02/15/45</name>
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        <identifiers>
          <isin value="US912810UJ50"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <name>SABRE GLBL INC 10.75% 11/15/29</name>
        <lei>N/A</lei>
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          <isin value="US78573NAL64"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>BP CAPITAL MARKETS  V/R /PERP/</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <issuerCat>CORP</issuerCat>
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        <valUSD>70568.49000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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        <name>BANK OF AMERICA C V/R 12/20/28</name>
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        <name>UMBS P#MA3182 3.5% 11/01/47</name>
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      <invstOrSec>
        <name>NATWEST GROUP PLC V/R 01/27/30</name>
        <lei>2138005O9XJIJN4JPN90</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRANSURBA 4.225% 04/26/33/EUR/</name>
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        <name>CONNECTICUT ST 5.85% 03/15/32</name>
        <lei>5493007GRO6CU0IKP741</lei>
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        <cusip>20772GF45</cusip>
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        <issuerCat>MUN</issuerCat>
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        <name>ABBVIE INC 3.2% 11/21/29</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <cusip>00287YBX6</cusip>
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        <name>AMERICAN AXLE &amp;  6.5% 04/01/27</name>
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        <cusip>02406PAU4</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
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        <name>PHILLIPS 66 CO 5.5% 03/15/55</name>
        <lei>N/A</lei>
        <title>PHILLIPS 66 CO REGD 5.50000000</title>
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        <curCd>USD</curCd>
        <valUSD>44026.86000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BAXTER INTERNA 1.915% 02/01/27</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
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        <cusip>071813CL1</cusip>
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          <isin value="US071813CL19"/>
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        <curCd>USD</curCd>
        <valUSD>47819.95000000</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>GOLDMAN SACHS GRO V/R 10/31/38</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38148YAA6</cusip>
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        <curCd>USD</curCd>
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        <name>US TREAS NTS 4.25% 06/30/29</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.25000000</title>
        <cusip>91282CKX8</cusip>
        <identifiers>
          <isin value="US91282CKX82"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4045468.76000000</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>2029-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WALT DISNEY COMP 3.7% 03/23/27</name>
        <lei>549300GZKULIZ0WOW665</lei>
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        <cusip>254687FP6</cusip>
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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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        <name>AQFIT 2020-AA  3.97% 12/17/25</name>
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        <name>CITIGROUP INC 4.65% 07/23/48</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>BAMLL 2024-FRR2  V/R 05/27/27</name>
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        <cusip>05493UAE6</cusip>
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        <name>UMBS P#MA4876 6% 12/01/52</name>
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        <name>BATH &amp; BODY WORK 7.5% 06/15/29</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <name>MICROSOFT CORP 2.5% 09/15/50</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>MICROSOFT CORP REGD 2.50000000</title>
        <cusip>594918CW2</cusip>
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          <isin value="US594918CW29"/>
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        <valUSD>30032.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>US TREAS NTS 4% 02/15/34</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.00000000</title>
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          <isin value="US91282CJZ59"/>
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        <curCd>USD</curCd>
        <valUSD>4169460.94000000</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>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ROCC 2024-CNTR 5.93% 11/13/29</name>
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        <name>SHELL FINANCE US I 4% 05/10/46</name>
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        <name>GNMA II P#MA7767 2.5% 12/20/51</name>
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        <name>LOWE'S COS INC 4.25% 04/01/52</name>
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        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <name>GNMA II P#4855 5% 11/20/40</name>
        <lei>N/A</lei>
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        <name>GNMA P#729038 5% 02/15/40</name>
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        <name>APPLE INC 4.5% 02/23/36</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC REGD 4.50000000</title>
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        <issuerCat>CORP</issuerCat>
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        <securityLending>
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      <invstOrSec>
        <name>SOLVENTUM CORP 5.9% 04/30/54</name>
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        <curCd>USD</curCd>
        <valUSD>445859.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ABBVIE INC 4.95% 03/15/31</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD 4.95000000</title>
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        <identifiers>
          <isin value="US00287YDT38"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182848.85000000</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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          <isLoanByFund>N</isLoanByFund>
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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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        <identifiers>
          <isin value="US3132DQK549"/>
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        <curCd>USD</curCd>
        <valUSD>2339415.33000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AKER BP A 1.125% 05/12/29/EUR/</name>
        <lei>549300NFTY73920OYK69</lei>
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        <cusip>R0139KAE0</cusip>
        <identifiers>
          <isin value="XS2341269970"/>
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        <balance>600000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.88066931"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITED MEXICAN 6.338% 05/04/53</name>
        <lei>N/A</lei>
        <title>UNITED MEXICAN STATES REGD 6.33800000</title>
        <cusip>91087BAX8</cusip>
        <identifiers>
          <isin value="US91087BAX82"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176080.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>MX</invCountry>
        <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>BALTIMORE GAS &amp;  3.5% 08/15/46</name>
        <lei>N/A</lei>
        <title>BALTIMORE GAS &amp; ELECTRIC REGD 3.50000000</title>
        <cusip>059165EH9</cusip>
        <identifiers>
          <isin value="US059165EH95"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4280.22000000</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>BAT CAPITAL CO 5.834% 02/20/31</name>
        <lei>N/A</lei>
        <title>BAT CAPITAL CORP REGD 5.83400000</title>
        <cusip>05526DBY0</cusip>
        <identifiers>
          <isin value="US05526DBY04"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>109342.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.83400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UMBS P#SD8128 2% 02/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD8128 2.00000000</title>
        <cusip>3132DWA52</cusip>
        <identifiers>
          <isin value="US3132DWA522"/>
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        <balance>3100066.66000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2427940.34000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>UMBS P#SD0478 4% 01/01/45</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD0478 4.00000000</title>
        <cusip>3132DMQ73</cusip>
        <identifiers>
          <isin value="US3132DMQ735"/>
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        <balance>794461.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>755131.22000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</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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      <invstOrSec>
        <name>REPUBLIC OF PER 2.78% 12/01/60</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PERU REGD 2.78000000</title>
        <cusip>715638DQ2</cusip>
        <identifiers>
          <isin value="US715638DQ26"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99702.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARES CAPITAL CORP 7% 01/15/27</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>ARES CAPITAL CORP REGD 7.00000000</title>
        <cusip>04010LBE2</cusip>
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          <isin value="US04010LBE20"/>
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        <curCd>USD</curCd>
        <valUSD>25760.95000000</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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        <name>GOLDMAN SACHS GRO V/R 01/27/32</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38141GXR0</cusip>
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          <isin value="US38141GXR00"/>
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        <balance>57000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48478.38000000</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>GNMA P#617567 6% 06/15/37</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#617567 6.00000000</title>
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        <identifiers>
          <isin value="US36290UCC80"/>
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        <balance>480.58000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500.96000000</valUSD>
        <pctVal>0.000030800562</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>
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      <invstOrSec>
        <name>US TREAS NTS 4% 12/15/27</name>
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        <identifiers>
          <isin value="US91282CMB45"/>
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        <curCd>USD</curCd>
        <valUSD>1089118.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UNIV OF MINNES 4.048% 04/01/52</name>
        <lei>N/A</lei>
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        <cusip>914460WT3</cusip>
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          <isin value="US914460WT30"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201856.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>AT&amp;T INC 4.75% 05/15/46</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 4.75000000</title>
        <cusip>00206RCQ3</cusip>
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          <isin value="US00206RCQ39"/>
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        <balance>132000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112397.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMI 2005-AR5 A3 V/R 07/19/35</name>
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        <title>STRUCTURED ASSET MORTGAGE INVESTMENTS II TRUST 2005-AR5 SER 2005-AR5 CL A3 V/R REGD 4.94118000</title>
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          <isin value="US86359LPF03"/>
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        <balance>25565.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24987.47000000</valUSD>
        <pctVal>0.001536306562</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>UMBS P#AB3493 4.5% 09/01/41</name>
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        <name>BANK OF AMERICA C V/R 03/11/27</name>
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        <name>KILROY REALTY L 2.65% 11/15/33</name>
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      <invstOrSec>
        <name>DT MIDSTREAM I 4.125% 06/15/29</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASIAN DEVELOPM 3.875% 09/28/32</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>ASIAN DEVELOPMENT BANK REGD MTN SER GMTN 3.87500000</title>
        <cusip>045167FT5</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GENERAL MILLS IN 3.2% 02/10/27</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
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        <cusip>370334BZ6</cusip>
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      <invstOrSec>
        <name>TALLGRASS NRG PRTN 6% 03/01/27</name>
        <lei>N/A</lei>
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        <cusip>87470LAG6</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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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>
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        <curCd>USD</curCd>
        <valUSD>79503.92000000</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>
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      <invstOrSec>
        <name>BHP BILLITON FI 5.25% 09/08/30</name>
        <lei>N/A</lei>
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        <cusip>055451BD9</cusip>
        <identifiers>
          <isin value="US055451BD93"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25680.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOCKHEED MARTIN  4.7% 05/15/46</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <cusip>539830BL2</cusip>
        <identifiers>
          <isin value="US539830BL23"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43638.62000000</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>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>
        <identifiers>
          <isin value="US68560EAB48"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213412.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-11</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
        <identifiers>
          <isin value="US91324PDY51"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17441.59000000</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>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SPRO 2024-1A  6.174% 01/25/31</name>
        <lei>N/A</lei>
        <title>SERVPRO MASTER ISSUER LLC SER 2024-1A CL A2 REGD 144A P/P 6.17400000</title>
        <cusip>817743AJ6</cusip>
        <identifiers>
          <isin value="US817743AJ65"/>
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        <balance>1308437.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1333136.35000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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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>
        <cusip>91324PDT6</cusip>
        <identifiers>
          <isin value="US91324PDT66"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39131.52000000</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>ALABAMA POWER C 3.45% 10/01/49</name>
        <lei>N/A</lei>
        <title>ALABAMA POWER CO REGD 3.45000000</title>
        <cusip>010392FT0</cusip>
        <identifiers>
          <isin value="US010392FT07"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41293.56000000</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>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>
        <identifiers>
          <isin value="US494550AW68"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26981.17000000</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>ABBOTT LABORATO 4.75% 11/30/36</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>ABBOTT LABORATORIES REGD 4.75000000</title>
        <cusip>002824BG4</cusip>
        <identifiers>
          <isin value="US002824BG43"/>
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        <balance>50000.00000000</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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        <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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        <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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        <name>US TREAS NTS 4.375% 07/15/27</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE 4.37500000</title>
        <cusip>91282CKZ3</cusip>
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          <isin value="US91282CKZ31"/>
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        <curCd>USD</curCd>
        <valUSD>1009296.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
          <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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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46901.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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      <invstOrSec>
        <name>OCTL 2024-1A B 5.66% 06/20/27</name>
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      <invstOrSec>
        <name>UMBS P#QD5748 2% 02/01/52</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
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        <cusip>298785KH8</cusip>
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          <isin value="US298785KH83"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>DUPONT DE NEMO 5.319% 11/15/38</name>
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        <name>MANULIFE FINAN 5.375% 03/04/46</name>
        <lei>5493007GBX87QOZACS27</lei>
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        <curCd>USD</curCd>
        <valUSD>23932.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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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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        <curCd>USD</curCd>
        <valUSD>22062.20000000</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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        <name>FNMA PRIN STP ZCP 01/15/30</name>
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        <title>FANNIE MAE PRINCIPAL STRIP ZCP 0.00000000</title>
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          <isin value="US31358DDG60"/>
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        <curCd>USD</curCd>
        <valUSD>475526.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <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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        <name>REPUBLIC OF PANA 4.5% 05/15/47</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF PANAMA REGD 4.50000000</title>
        <cusip>698299BG8</cusip>
        <identifiers>
          <isin value="US698299BG85"/>
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        <curCd>USD</curCd>
        <valUSD>348501.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>PA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>DOW CHEMICAL CO/ 5.6% 02/15/54</name>
        <lei>N/A</lei>
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          <isin value="US260543DK64"/>
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        <issuerCat>CORP</issuerCat>
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        <name>ARIZONA PUBLIC  5.55% 08/01/33</name>
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        <cusip>040555DG6</cusip>
        <identifiers>
          <isin value="US040555DG61"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>NEWS CORP 3.875% 05/15/29</name>
        <lei>549300ITS31QK8VRBQ14</lei>
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        <name>JPMORGAN CHASE &amp;  V/R 01/24/36</name>
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        <name>SIRIUS XM RADI 4.125% 07/01/30</name>
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        <name>US TREAS BDS 2.5% 02/15/46</name>
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          <isin value="US912810RQ31"/>
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        <issuerCat>UST</issuerCat>
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      <invstOrSec>
        <name>FNMA 30YR TBA 3.0% JUL12</name>
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          <isin value="US01F0306781"/>
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        <valUSD>6038898.89000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CUMMINS INC 2.6% 09/01/50</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
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        <curCd>USD</curCd>
        <valUSD>14410.67000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MCDONALD'S COR 3.625% 09/01/49</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MEDTRONIC INC 4.375% 03/15/35</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US585055BT26"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47482.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
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      <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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        <curCd>USD</curCd>
        <valUSD>1479682.36000000</valUSD>
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        <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>
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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>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86526.68000000</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>2040-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>ARCH CAPITAL G 3.635% 06/30/50</name>
        <lei>549300AYR4P8AFKDCE43</lei>
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        <cusip>03939AAA5</cusip>
        <identifiers>
          <isin value="US03939AAA51"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17627.08000000</valUSD>
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        <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>
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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>134000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136725.59000000</valUSD>
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        <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>
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      <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>1570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1445351.53000000</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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          <maturityDt>2055-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>BARRICK NA FINA 5.75% 05/01/43</name>
        <lei>N/A</lei>
        <title>BARRICK NA FINANCE LLC REGD 5.75000000</title>
        <cusip>06849RAK8</cusip>
        <identifiers>
          <isin value="US06849RAK86"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24504.74000000</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>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
        <identifiers>
          <isin value="US87612EBF25"/>
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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>UNITED AIR 2019 4.15% 08/25/31</name>
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        <identifiers>
          <isin value="US90931CAA62"/>
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        <balance>42742.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40413.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FM5183 2.5% 12/01/50</name>
        <lei>N/A</lei>
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          <isin value="US3140X8XM49"/>
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        <curCd>USD</curCd>
        <valUSD>711997.39000000</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>IBM CORP 1.7% 05/15/27</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM CORP REGD 1.70000000</title>
        <cusip>459200KH3</cusip>
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          <isin value="US459200KH39"/>
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        <curCd>USD</curCd>
        <valUSD>95142.65000000</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>RPM INTERNATION 3.75% 03/15/27</name>
        <lei>549300TJCKW4BRXPJ474</lei>
        <title>RPM INTERNATIONAL INC REGD 3.75000000</title>
        <cusip>749685AV5</cusip>
        <identifiers>
          <isin value="US749685AV56"/>
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        <balance>213000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209697.94000000</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>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US05526DBR52"/>
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        <balance>148000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139119.72000000</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>2028-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25900000</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>NVIDIA CORP 3.5% 04/01/50</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA CORP REGD 3.50000000</title>
        <cusip>67066GAH7</cusip>
        <identifiers>
          <isin value="US67066GAH74"/>
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        <balance>510000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>373653.30000000</valUSD>
        <pctVal>0.022973354920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</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>VISTRA OPERATIONS  6% 04/15/34</name>
        <lei>N/A</lei>
        <title>VISTRA OPERATIONS CO LLC REGD 144A P/P 6.00000000</title>
        <cusip>92840VAS1</cusip>
        <identifiers>
          <isin value="US92840VAS16"/>
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        <balance>710000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>720532.85000000</valUSD>
        <pctVal>0.044300577286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#SD0728 2.5% 10/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#SD0728 2.50000000</title>
        <cusip>3132DMYZ2</cusip>
        <identifiers>
          <isin value="US3132DMYZ21"/>
        </identifiers>
        <balance>1555010.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1282208.06000000</valUSD>
        <pctVal>0.078834097930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</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>GNMA II P#MA4963 4% 01/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA4963 4.00000000</title>
        <cusip>36179TQQ1</cusip>
        <identifiers>
          <isin value="US36179TQQ12"/>
        </identifiers>
        <balance>172601.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159748.33000000</valUSD>
        <pctVal>0.009821819004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIB GROUP PLC V/R 03/28/35</name>
        <lei>635400AKJBGNS5WNQL34</lei>
        <title>AIB GROUP PLC REGD V/R 144A P/P MTN 5.87100000</title>
        <cusip>00135TAE4</cusip>
        <identifiers>
          <isin value="US00135TAE47"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202765.39000000</valUSD>
        <pctVal>0.012466640252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.87100000</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>BERKLEY (WR) CO 3.55% 03/30/52</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>BERKLEY (WR) CORPORATION REGD 3.55000000</title>
        <cusip>084423AV4</cusip>
        <identifiers>
          <isin value="US084423AV48"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16879.62000000</valUSD>
        <pctVal>0.001037810989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</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 NI 7.143% 02/23/30</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF NIGERIA REGD 144A P/P 7.14300000</title>
        <cusip>65412JAD5</cusip>
        <identifiers>
          <isin value="US65412JAD54"/>
        </identifiers>
        <balance>260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>239575.51000000</valUSD>
        <pctVal>0.014729839724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>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>720893.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>718268.79000000</valUSD>
        <pctVal>0.044161375909</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>PA</units>
        <curCd>USD</curCd>
        <valUSD>305027.50000000</valUSD>
        <pctVal>0.018754029518</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>32010000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.98280000"/>
        <valUSD>1735353.88000000</valUSD>
        <pctVal>0.106694897644</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="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-30</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>
