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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL SERVICES INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS AG</name>
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        <name>JPMORGAN CHASE BANK N.A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>GOLDMAN SACHS + CO LLC</name>
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          <other otherDesc="TradeID" value="25LHKBBXHQJ"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>CITIBANK N.A.</name>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>CITIBANK N.A.</counterpartyName>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL SERVICES INC</name>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL SERVICES INC</name>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL SERVICES INC</name>
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      <invstOrSec>
        <name>UBS AG</name>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>CITIBANK N.A.</name>
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          <other otherDesc="TradeID" value="25LKKBB16Q8"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
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              <counterpartyName>CITIBANK N.A.</counterpartyName>
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      <invstOrSec>
        <name>American Airlines Inc/AAdvantage Loyalty IP Ltd</name>
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      <invstOrSec>
        <name>Acadia Healthcare Co Inc</name>
        <lei>5493005CW985Y9D0NC11</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
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      <invstOrSec>
        <name>Advance Auto Parts Inc</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
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          <ticker value="AAP"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Alliant Energy Corp</name>
        <lei>5493009ML300G373MZ12</lei>
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          <ticker value="LNT"/>
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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>2056-04-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Allison Transmission Inc</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission Inc 5.88 12/01/2033</title>
        <cusip>019736AH0</cusip>
        <identifiers>
          <isin value="US019736AH02"/>
          <ticker value="ALSN"/>
          <other otherDesc="SEDOL" value="BTWWZY5"/>
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        <balance>4550000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4617021.5000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amazon.com Inc</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com Inc 4.65 11/20/2035</title>
        <cusip>023135CV6</cusip>
        <identifiers>
          <isin value="US023135CV68"/>
          <ticker value="AMZN"/>
          <other otherDesc="SEDOL" value="BSNY242"/>
        </identifiers>
        <balance>4366000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4324789.3700000000</valUSD>
        <pctVal>0.1851662788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.650000000000000</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>AMERICAN AIRLINES INC</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines Inc 7.25 02/15/2028</title>
        <cusip>023771T32</cusip>
        <identifiers>
          <isin value="US023771T329"/>
          <ticker value="AAL"/>
          <other otherDesc="SEDOL" value="BMZLS41"/>
        </identifiers>
        <balance>2750000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2801342.5000000000</valUSD>
        <pctVal>0.1199397524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>7.250000000000000</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>American Assets Trust LP</name>
        <lei>549300V1TI0SMG9Z6U69</lei>
        <title>American Assets Trust LP 3.38 02/01/2031</title>
        <cusip>02401LAA2</cusip>
        <identifiers>
          <isin value="US02401LAA26"/>
          <ticker value="AAT"/>
          <other otherDesc="SEDOL" value="BM9QFV8"/>
        </identifiers>
        <balance>2410000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2200217.3800000000</valUSD>
        <pctVal>0.0942025218</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>3.375000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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 Electric Power Co Inc</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc 6.05 03/15/2056</title>
        <cusip>02557TAF6</cusip>
        <identifiers>
          <isin value="US02557TAF66"/>
          <ticker value="AEP"/>
          <other otherDesc="SEDOL" value="BRWFZ73"/>
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        <balance>2310000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2294695.3700000000</valUSD>
        <pctVal>0.0982476061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.050000000000000</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>Amgen Inc</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen Inc 5.65 03/02/2053</title>
        <cusip>031162DT4</cusip>
        <identifiers>
          <isin value="US031162DT45"/>
          <ticker value="AMGN"/>
          <other otherDesc="SEDOL" value="BMTY5X4"/>
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        <balance>1425000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1403611.5500000000</valUSD>
        <pctVal>0.0600957654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.650000000000000</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>Amphenol Corp</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp 4.63 02/15/2036</title>
        <cusip>032095BA8</cusip>
        <identifiers>
          <isin value="US032095BA89"/>
          <ticker value="APH"/>
          <other otherDesc="SEDOL" value="BQ3R6H8"/>
        </identifiers>
        <balance>2595000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2539105.7000000000</valUSD>
        <pctVal>0.1087120582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000000</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>Antares Holdings LP</name>
        <lei>5493008EAIGV4283RM42</lei>
        <title>Antares Holdings LP 6.35 10/23/2029</title>
        <cusip>03666HAH4</cusip>
        <identifiers>
          <isin value="US03666HAH49"/>
          <ticker value="ANTHOL"/>
          <other otherDesc="SEDOL" value="BSF06C4"/>
        </identifiers>
        <balance>2485000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2545070.5500000000</valUSD>
        <pctVal>0.1089674439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.350000000000001</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>Antero Resources Corp</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>Antero Resources Corp 5.40 02/01/2036</title>
        <cusip>03674XAU0</cusip>
        <identifiers>
          <isin value="US03674XAU00"/>
          <ticker value="AR"/>
          <other otherDesc="SEDOL" value="BSSBNL2"/>
        </identifiers>
        <balance>2504000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2489176.0700000000</valUSD>
        <pctVal>0.1065743163</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>5.400000000000000</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>AppLovin Corp</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>AppLovin Corp 5.50 12/01/2034</title>
        <cusip>03831WAD0</cusip>
        <identifiers>
          <isin value="US03831WAD02"/>
          <ticker value="APP"/>
          <other otherDesc="SEDOL" value="BTG00M8"/>
        </identifiers>
        <balance>2440000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2498916.3900000000</valUSD>
        <pctVal>0.1069913490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</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>Arbor Realty Trust Inc</name>
        <lei>N/A</lei>
        <title>Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd 5.14</title>
        <cusip>03880RAA7</cusip>
        <identifiers>
          <isin value="US03880RAA77"/>
          <ticker value="ARCLO"/>
        </identifiers>
        <balance>1874041.2100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1874989.4700000000</valUSD>
        <pctVal>0.0802778571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.144670000000000</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>Arbor Realty SR Inc</name>
        <lei>549300TW7RTL2CI3CN08</lei>
        <title>Arbor Realty SR Inc 8.50 12/15/2028</title>
        <cusip>03881NAL1</cusip>
        <identifiers>
          <isin value="US03881NAL10"/>
          <ticker value="ABR"/>
          <other otherDesc="SEDOL" value="BS1LNW0"/>
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        <balance>2310000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2251843.0700000000</valUSD>
        <pctVal>0.0964128807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000000</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>Ares Strategic Income Fund</name>
        <lei>549300IANZJVZPTICV54</lei>
        <title>Ares Strategic Income Fund 5.70 03/15/2028</title>
        <cusip>04020EAG2</cusip>
        <identifiers>
          <isin value="US04020EAG26"/>
          <ticker value="ARESSI"/>
          <other otherDesc="SEDOL" value="BVMCB41"/>
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        <balance>866000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877847.4900000000</valUSD>
        <pctVal>0.0375851259</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>5.700000000000000</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>Ashtead Capital Inc</name>
        <lei>213800J1134IW58IC398</lei>
        <title>Ashtead Capital Inc 5.95 10/15/2033</title>
        <cusip>045054AR4</cusip>
        <identifiers>
          <isin value="US045054AR41"/>
          <ticker value="AHTLN"/>
          <other otherDesc="SEDOL" value="BM8K146"/>
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        <balance>1483000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1564224.0000000000</valUSD>
        <pctVal>0.0669724032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 5.00</title>
        <cusip>3140N3AT6</cusip>
        <identifiers>
          <isin value="US3140N3AT60"/>
          <ticker value="FN"/>
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        <balance>8910689.5500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8997994.1700000000</valUSD>
        <pctVal>0.3852499982</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>5.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 3.50</title>
        <cusip>3140QN3F7</cusip>
        <identifiers>
          <isin value="US3140QN3F71"/>
          <ticker value="FN"/>
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        <balance>523117.0900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>491833.7800000000</valUSD>
        <pctVal>0.0210579113</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>3.500000000000000</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>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 4.00</title>
        <cusip>3140QN4N9</cusip>
        <identifiers>
          <isin value="US3140QN4N96"/>
          <ticker value="FN"/>
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        <balance>3699640.5600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3546751.2100000000</valUSD>
        <pctVal>0.1518544991</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>4.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
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        <name>Fannie Mae Pool</name>
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        <name>Freddie Mac Pool</name>
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        <name>Fedex Freight Holding Co Inc</name>
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        <name>Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp</name>
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        <name>Liberty Mutual Group Inc</name>
        <lei>QUR0DG15Z6FFGYCHH861</lei>
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        <name>Lincoln National Corp</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp 7.00 06/15/2040</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Merck &amp; Co Inc</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc 6.40 12/15/2066</title>
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          <ticker value="MET"/>
          <other otherDesc="SEDOL" value="B1L8RP3"/>
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        <balance>5397000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5665689.6500000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.400000000000000</annualizedRt>
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      <invstOrSec>
        <name>Sprint Capital Corp</name>
        <lei>549300L17W0GQBR1PO80</lei>
        <title>Sprint Capital Corp 6.88 11/15/2028</title>
        <cusip>852060AD4</cusip>
        <identifiers>
          <isin value="US852060AD48"/>
          <ticker value="S"/>
          <other otherDesc="SEDOL" value="2327354"/>
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        <balance>1294000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1388531.4400000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stack Infrastructure Issuer LLC</name>
        <lei>254900AV7V87H3A2WM57</lei>
        <title>Stack Infrastructure Issuer LLC 1.88</title>
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          <isin value="US85236KAE29"/>
          <ticker value="SIDC"/>
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        <curCd>USD</curCd>
        <valUSD>3616089.1000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
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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>Standard Building Solutions Inc</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Building Solutions Inc 6.50 08/15/2032</title>
        <cusip>853191AA2</cusip>
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          <isin value="US853191AA25"/>
          <ticker value="BMCAUS"/>
          <other otherDesc="SEDOL" value="BR2NXL7"/>
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        <curCd>USD</curCd>
        <valUSD>1292860.4400000000</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>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000000</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>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC (pfd) 7.75% 02/15/2174 Perpetual</title>
        <cusip>853254CM0</cusip>
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          <isin value="US853254CM07"/>
          <ticker value="STANLN"/>
          <other otherDesc="SEDOL" value="BQB53W8"/>
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        <balance>2118000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2207447.3800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Natural Gas Securitization Finance Corp</name>
        <lei>N/A</lei>
        <title>Texas Natural Gas Securitization Finance Corp 5.17% 04/01/2041</title>
        <cusip>88258MAB1</cusip>
        <identifiers>
          <isin value="US88258MAB19"/>
          <ticker value="TNGUTL"/>
          <other otherDesc="SEDOL" value="BN7BQ75"/>
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        <balance>230000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>233485.4700000000</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>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.169000000000000</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>Textron Inc</name>
        <lei>3PPKBHUG1HD6BO7RNR87</lei>
        <title>Textron Inc 4.95 03/15/2036</title>
        <cusip>883203CF6</cusip>
        <identifiers>
          <isin value="US883203CF62"/>
          <ticker value="TXT"/>
          <other otherDesc="SEDOL" value="BVK6K48"/>
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        <balance>1677000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1663310.0600000000</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>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000000</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>Verus Securitization Trust 2023-8</name>
        <lei>213800DTJD5UKJR53O34</lei>
        <title>Verus Securitization Trust 2023-8 6.66</title>
        <cusip>92540DAB1</cusip>
        <identifiers>
          <isin value="US92540DAB10"/>
          <ticker value="VERUS"/>
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        <balance>1812185.9900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1833081.5800000000</valUSD>
        <pctVal>0.0784835667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.664200000000000</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>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global 4.38 03/15/2043</title>
        <cusip>92553PAP7</cusip>
        <identifiers>
          <isin value="US92553PAP71"/>
          <ticker value="PARA"/>
          <other otherDesc="SEDOL" value="BCHWWF1"/>
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        <balance>1523000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1049564.0300000000</valUSD>
        <pctVal>0.0449371863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000000</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>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global 6.25 02/28/2057</title>
        <cusip>92553PBC5</cusip>
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          <isin value="US92553PBC59"/>
          <ticker value="PARA"/>
          <other otherDesc="SEDOL" value="BD6V825"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2272243.2500000000</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>2057-02-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.250000000000000</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>VICI Properties LP / VICI Note Co Inc</name>
        <lei>N/A</lei>
        <title>VICI Properties LP / VICI Note Co Inc 4.13 08/15/2030</title>
        <cusip>92564RAE5</cusip>
        <identifiers>
          <isin value="US92564RAE53"/>
          <ticker value="VICI"/>
          <other otherDesc="SEDOL" value="BKMH5T2"/>
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        <curCd>USD</curCd>
        <valUSD>2203814.4500000000</valUSD>
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        <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>4.125000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vornado Realty LP</name>
        <lei>549300BMOJ05INE4YK86</lei>
        <title>Vornado Realty LP 5.75 02/01/2033</title>
        <cusip>929043AN7</cusip>
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          <isin value="US929043AN77"/>
          <ticker value="VNO"/>
          <other otherDesc="SEDOL" value="BN49R80"/>
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        <balance>3695000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3738286.3700000000</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>5.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEC Energy Group Inc</name>
        <lei>549300IGLYTZUK3PVP70</lei>
        <title>WEC Energy Group Inc 5.63 05/15/2056</title>
        <cusip>92939UAU0</cusip>
        <identifiers>
          <isin value="US92939UAU07"/>
          <ticker value="WEC"/>
          <other otherDesc="SEDOL" value="BVSYBM9"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2305058.2600000000</valUSD>
        <pctVal>0.0986912943</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>
          <annualizedRt>5.625000000000000</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>WB Commercial Mortgage Trust 2024-HQ</name>
        <lei>N/A</lei>
        <title>WB Commercial Mortgage Trust 2024-HQ 6.13</title>
        <cusip>92943PAA9</cusip>
        <identifiers>
          <isin value="US92943PAA93"/>
          <ticker value="WB"/>
          <other otherDesc="SEDOL" value="BSLJM27"/>
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        <balance>4250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4261830.7300000000</valUSD>
        <pctVal>0.1824706985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.134383000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Weir Group Inc</name>
        <lei>2138009WEPEV2V98AV65</lei>
        <title>Weir Group Inc 5.35 05/06/2030</title>
        <cusip>94877DAA2</cusip>
        <identifiers>
          <isin value="US94877DAA28"/>
          <ticker value="WEIRLN"/>
          <other otherDesc="SEDOL" value="BTJT475"/>
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        <balance>2195000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2254077.1100000000</valUSD>
        <pctVal>0.0965085314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.350000000000001</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>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 3.9% 06/15/2169 Perpetual</title>
        <cusip>949746TD3</cusip>
        <identifiers>
          <isin value="US949746TD35"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BMDJ3N1"/>
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        <balance>3985000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3982616.5700000000</valUSD>
        <pctVal>0.1705161170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co 5.43 01/23/2047</title>
        <cusip>95000U4F7</cusip>
        <identifiers>
          <isin value="US95000U4F79"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BVMLP68"/>
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        <balance>1500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1471048.4400000000</valUSD>
        <pctVal>0.0629830825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.433000000000000</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>Wells Fargo Commercial Mortgage Trust 2017-C41</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2017-C41 2.60</title>
        <cusip>95001AAD8</cusip>
        <identifiers>
          <isin value="US95001AAD81"/>
          <ticker value="WFCM"/>
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        <balance>2067000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1784255.4800000000</valUSD>
        <pctVal>0.0763930724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.600000000000000</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>Wells Fargo Commercial Mortgage Trust 2020-C55</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2020-C55 2.50</title>
        <cusip>95002EAA5</cusip>
        <identifiers>
          <isin value="US95002EAA55"/>
          <ticker value="WFCM"/>
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        <balance>2458000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1687761.1200000000</valUSD>
        <pctVal>0.0722616570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000000</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>Western Alliance Bank</name>
        <lei>SI7YQSVPFZBSQ878IC17</lei>
        <title>Western Alliance Bank 6.54 11/15/2035</title>
        <cusip>95758BCL1</cusip>
        <identifiers>
          <isin value="US95758BCL18"/>
          <ticker value="WAL"/>
          <other otherDesc="SEDOL" value="BVPJWY6"/>
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        <balance>5058000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5125524.3000000000</valUSD>
        <pctVal>0.2194498229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.537000000000000</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>Kingdom of Belgium Government Bond</name>
        <lei>549300SZ25JZFHRHWD76</lei>
        <title>Kingdom of Belgium Government Bond 4.25 03/28/2041</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0000320292"/>
          <ticker value="BGB"/>
          <other otherDesc="SEDOL" value="B60W847"/>
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        <balance>3716000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>4644526.7600000000</valUSD>
        <pctVal>0.1988558663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000000</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>Mexican Bonos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Bonos 5.50 05/29/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO0000P2"/>
          <ticker value="MBONO"/>
          <other otherDesc="SEDOL" value="B6TC406"/>
        </identifiers>
        <balance>158230000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4760000000"/>
        <valUSD>8845099.1900000000</valUSD>
        <pctVal>0.3787037847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000000</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>Workday Inc</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday Inc 3.80 04/01/2032</title>
        <cusip>98138HAJ0</cusip>
        <identifiers>
          <isin value="US98138HAJ05"/>
          <ticker value="WDAY"/>
          <other otherDesc="SEDOL" value="BPP2DY0"/>
        </identifiers>
        <balance>3588000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3428098.5900000000</valUSD>
        <pctVal>0.1467743756</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>3.800000000000000</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>Yinson Bergenia Production BV</name>
        <lei>549300JDIAWKPMZD5256</lei>
        <title>Yinson Bergenia Production BV 8.50 01/31/2045</title>
        <cusip>98585VAA6</cusip>
        <identifiers>
          <isin value="US98585VAA61"/>
          <ticker value="YPMQBR"/>
          <other otherDesc="SEDOL" value="BSY67N1"/>
        </identifiers>
        <balance>5339000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5809331.4600000000</valUSD>
        <pctVal>0.2487270932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.498000000000001</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>Zions Bancorp NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>Zions Bancorp NA 6.82 11/19/2035</title>
        <cusip>98971DAC4</cusip>
        <identifiers>
          <isin value="US98971DAC48"/>
          <ticker value="ZION"/>
          <other otherDesc="SEDOL" value="BTLSFH7"/>
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        <balance>4581000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4859617.2000000000</valUSD>
        <pctVal>0.2080649845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.816000000000001</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>Denmark Government Bond</name>
        <lei>549300PTO6LS1PTM6607</lei>
        <title>Denmark Government Bond 0.50 11/15/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0009923807"/>
          <ticker value="DGB"/>
          <other otherDesc="SEDOL" value="BJK1TG4"/>
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        <balance>35000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="DKK" exchangeRt="6.3003500000"/>
        <valUSD>5238753.5100000000</valUSD>
        <pctVal>0.2242977426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.500000000000000</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>La Banque Postale SA</name>
        <lei>96950066U5XAAIRCPA78</lei>
        <title>La Banque Postale SA (pfd) 3.88% 05/20/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013461795"/>
          <ticker value="FRLBP"/>
          <other otherDesc="SEDOL" value="BJTPCP7"/>
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        <balance>7400000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>8778727.8200000000</valUSD>
        <pctVal>0.3758620880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Government Twenty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Twenty Year Bond 0.30 12/20/2039</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1201711L13"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BKRQD01"/>
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        <balance>1078800000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>5032758.9800000000</valUSD>
        <pctVal>0.2154780667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.300000000000000</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>New South Wales Treasury Corp</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>New South Wales Treasury Corp 2.00 03/08/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU3SG0002082"/>
          <ticker value="NSWTC"/>
          <other otherDesc="SEDOL" value="BKT1058"/>
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        <balance>6000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4360590000"/>
        <valUSD>3451153.4700000000</valUSD>
        <pctVal>0.1477614725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Cooperatieve Rabobank UA</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank UA (pfd) 4.88% 06/29/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2456432413"/>
          <ticker value="RABOBK"/>
          <other otherDesc="SEDOL" value="BPGM8J9"/>
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        <balance>5000000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>6050447.8800000000</valUSD>
        <pctVal>0.2590505162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mizuho Financial Group Inc</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group Inc 2.10 04/08/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2465984529"/>
          <ticker value="MIZUHO"/>
          <other otherDesc="SEDOL" value="BN2QT98"/>
        </identifiers>
        <balance>6565000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>7282317.9500000000</valUSD>
        <pctVal>0.3117931535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.096000000000000</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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 1.00 03/20/2052</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300741N49"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BNNFY22"/>
        </identifiers>
        <balance>297300000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>1078010.7200000000</valUSD>
        <pctVal>0.0461551341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.000000000000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Malaysia Government Bond</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>Malaysia Government Bond 4.70 10/15/2042</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYBMY2200023"/>
          <ticker value="MGS"/>
          <other otherDesc="SEDOL" value="BPSJ7J1"/>
        </identifiers>
        <balance>31900000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MYR" exchangeRt="3.9420000000"/>
        <valUSD>8908984.0100000000</valUSD>
        <pctVal>0.3814390195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.696000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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 Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp 6.00 06/01/2044</title>
        <cusip>126650EE6</cusip>
        <identifiers>
          <isin value="US126650EE63"/>
          <ticker value="CVS"/>
          <other otherDesc="SEDOL" value="BM8JC28"/>
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        <balance>1175000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1178556.0400000000</valUSD>
        <pctVal>0.0504599918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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 Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp 7.00 03/10/2055</title>
        <cusip>126650EH9</cusip>
        <identifiers>
          <isin value="US126650EH94"/>
          <ticker value="CVS"/>
          <other otherDesc="SEDOL" value="BR84NS1"/>
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        <balance>2288000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2395744.2100000000</valUSD>
        <pctVal>0.1025740221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Caesars Entertainment Inc</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc 4.63 10/15/2029</title>
        <cusip>12769GAA8</cusip>
        <identifiers>
          <isin value="US12769GAA85"/>
          <ticker value="CZR"/>
          <other otherDesc="SEDOL" value="BP6VNC4"/>
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        <balance>4068000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3908665.3900000000</valUSD>
        <pctVal>0.1673498900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California 7.60% 11/01/2040</title>
        <cusip>13063BJC7</cusip>
        <identifiers>
          <isin value="US13063BJC72"/>
          <ticker value="CAS"/>
          <other otherDesc="SEDOL" value="B3Y5CW7"/>
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        <balance>20000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24305.2000000000</valUSD>
        <pctVal>0.0010406295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.600000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>California State University</name>
        <lei>N/A</lei>
        <title>California State University 2.98% 11/01/2051</title>
        <cusip>13077DKU5</cusip>
        <identifiers>
          <isin value="US13077DKU53"/>
          <ticker value="CASHGR"/>
          <other otherDesc="SEDOL" value="BKTZF33"/>
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        <balance>825000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554074.0400000000</valUSD>
        <pctVal>0.0237227341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.975000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Canadian Government Bond</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>Canadian Government Bond 2.00 12/01/2051</title>
        <cusip>135087H72</cusip>
        <identifiers>
          <isin value="CA135087H722"/>
          <ticker value="CAN"/>
          <other otherDesc="SEDOL" value="BFMC871"/>
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        <balance>2180000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3616500000"/>
        <valUSD>1114375.2100000000</valUSD>
        <pctVal>0.0477120833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000000</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>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp 2.36 07/29/2032</title>
        <cusip>14040HCG8</cusip>
        <identifiers>
          <isin value="US14040HCG83"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BNHQ2S3"/>
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        <balance>3460000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3027716.5300000000</valUSD>
        <pctVal>0.1296319786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.359000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp 4.72 01/30/2032</title>
        <cusip>14040HDP7</cusip>
        <identifiers>
          <isin value="US14040HDP73"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BVYDK34"/>
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        <balance>1325000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1325687.0900000000</valUSD>
        <pctVal>0.0567594221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.722000000000000</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>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp 5.40 01/30/2037</title>
        <cusip>14040HDQ5</cusip>
        <identifiers>
          <isin value="US14040HDQ56"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BVYDJV5"/>
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        <balance>1280000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1278151.5800000000</valUSD>
        <pctVal>0.0547241846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.399000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Carlisle Cos Inc</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
        <title>Carlisle Cos Inc 5.55 09/15/2040</title>
        <cusip>142339AM2</cusip>
        <identifiers>
          <isin value="US142339AM22"/>
          <ticker value="CSL"/>
          <other otherDesc="SEDOL" value="BVYL9J7"/>
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        <balance>1233000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1253316.7900000000</valUSD>
        <pctVal>0.0536608806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.550000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Carnival Corp</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp 4.00 08/01/2028</title>
        <cusip>143658BQ4</cusip>
        <identifiers>
          <isin value="US143658BQ44"/>
          <ticker value="CCL"/>
          <other otherDesc="SEDOL" value="BMD9Z35"/>
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        <balance>1960000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1940699.8800000000</valUSD>
        <pctVal>0.0830912547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Carnival Corp</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp 5.13 05/01/2029</title>
        <cusip>143658CB6</cusip>
        <identifiers>
          <isin value="US143658CB65"/>
          <ticker value="CCL"/>
          <other otherDesc="SEDOL" value="BV2JDT1"/>
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        <balance>2731000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2764292.1200000000</valUSD>
        <pctVal>0.1183534368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Chart Industries Inc</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>Chart Industries Inc 7.50 01/01/2030</title>
        <cusip>16115QAF7</cusip>
        <identifiers>
          <isin value="US16115QAF72"/>
          <ticker value="GTLS"/>
          <other otherDesc="SEDOL" value="BLC8Z03"/>
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        <balance>6440000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6708644.6000000000</valUSD>
        <pctVal>0.2872312730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Chase Home Lending Mortgage Trust Series 2024-3</name>
        <lei>N/A</lei>
        <title>Chase Home Lending Mortgage Trust Series 2024-3 6.00</title>
        <cusip>16159HAD9</cusip>
        <identifiers>
          <isin value="US16159HAD98"/>
          <ticker value="CHASE"/>
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        <balance>6864718.2200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6948659.9900000000</valUSD>
        <pctVal>0.2975075554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Chase Home Lending Mortgage Trust 2024-10</name>
        <lei>529900OE9S6KWRJHHJ57</lei>
        <title>Chase Home Lending Mortgage Trust 2024-10 6.00</title>
        <cusip>16159YAD2</cusip>
        <identifiers>
          <isin value="US16159YAD22"/>
          <ticker value="CHASE"/>
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        <balance>5133918.8700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5202273.9200000000</valUSD>
        <pctVal>0.2227358654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust 2025-10</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust 2024-9</name>
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        <identifiers>
          <isin value="US16160QAD60"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
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          <isin value="US16160QAK04"/>
          <ticker value="CHASE"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust Series 2024-2</name>
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          <isin value="US161929BH65"/>
          <ticker value="CHASE"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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          <isin value="US172967PE54"/>
          <ticker value="C"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc 5.17 09/11/2036</title>
        <cusip>172967QH7</cusip>
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          <ticker value="C"/>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc 5.61 03/04/2056</title>
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          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BPDHP07"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-04</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust 2024-1</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust 2024-1 6.00</title>
        <cusip>17332CBP0</cusip>
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          <isin value="US17332CBP05"/>
          <ticker value="CMLTI"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>Coinbase Global Inc 3.38 10/01/2028</title>
        <cusip>19260QAC1</cusip>
        <identifiers>
          <isin value="US19260QAC15"/>
          <ticker value="COIN"/>
          <other otherDesc="SEDOL" value="BN6KWY2"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Permian Resources Operating LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
        <title>Permian Resources Operating LLC 5.88 07/01/2029</title>
        <cusip>19416MAB5</cusip>
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          <ticker value="PR"/>
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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>University of California College of the Law San Francisco</name>
        <lei>N/A</lei>
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          <ticker value="HASHGR"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>University of California College of the Law San Francisco</name>
        <lei>N/A</lei>
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        <cusip>194248AS9</cusip>
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          <ticker value="HASHGR"/>
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        <issuerCat>MUN</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cologix Data Centers US Issuer LLC</name>
        <lei>N/A</lei>
        <title>Cologix Data Centers US Issuer LLC 3.30</title>
        <cusip>19521UAA1</cusip>
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          <isin value="US19521UAA16"/>
          <ticker value="CLGIX"/>
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        <balance>1746000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Colombia Government International Bond</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government International Bond 6.13 01/21/2031</title>
        <cusip>195325EU5</cusip>
        <identifiers>
          <isin value="US195325EU55"/>
          <ticker value="COLOM"/>
          <other otherDesc="SEDOL" value="BSSBV29"/>
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        <balance>7000000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6988100.0000000000</valUSD>
        <pctVal>0.2991961832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
        <title>Comision Federal de Electricidad 6.05 01/28/2034</title>
        <cusip>200447AQ3</cusip>
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          <isin value="US200447AQ31"/>
          <ticker value="CFELEC"/>
          <other otherDesc="SEDOL" value="BRBNWK0"/>
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        <curCd>USD</curCd>
        <valUSD>1507882.5000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Commercial Metals Co</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>Commercial Metals Co 5.75 11/15/2033</title>
        <cusip>201723AS2</cusip>
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          <ticker value="CMC"/>
          <other otherDesc="SEDOL" value="BS84Y29"/>
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        <curCd>USD</curCd>
        <valUSD>3153217.7000000000</valUSD>
        <pctVal>0.1350053234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Private Bank NA</name>
        <lei>549300GS0W0TEUQS8571</lei>
        <title>Morgan Stanley Private Bank NA 4.47 11/19/2031</title>
        <cusip>61776NZW6</cusip>
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          <isin value="US61776NZW63"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BSNYN38"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust 2024-3</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NMI Holdings Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PNC Financial Services Group Inc/The</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PMT Loan Trust 2025-J2</name>
        <lei>N/A</lei>
        <title>PMT Loan Trust 2025-J2 5.50</title>
        <cusip>69392TAJ6</cusip>
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          <isin value="US69392TAJ60"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pagaya Ai Debt Grantor Trust 2025-6</name>
        <lei>N/A</lei>
        <title>Pagaya Ai Debt Grantor Trust 2025-6 4.88</title>
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          <isin value="US69549BAC28"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palomino Funding Trust I</name>
        <lei>N/A</lei>
        <title>Palomino Funding Trust I 7.23 05/17/2028</title>
        <cusip>69754AAA8</cusip>
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          <isin value="US69754AAA88"/>
          <ticker value="VST"/>
          <other otherDesc="SEDOL" value="BQKXX45"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Ashton Woods USA LLC / Ashton Woods Finance Co</name>
        <lei>N/A</lei>
        <title>Ashton Woods USA LLC / Ashton Woods Finance Co 6.88 08/01/2033</title>
        <cusip>045086AR6</cusip>
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          <isin value="US045086AR68"/>
          <ticker value="ASHWOO"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel SA 5.11 01/15/2036</title>
        <cusip>06675DCS9</cusip>
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          <ticker value="BFCM"/>
          <other otherDesc="SEDOL" value="BN7BPK1"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.106000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC (pfd) 8.00% 12/15/2174 Perpetual</title>
        <cusip>06738EBX2</cusip>
        <identifiers>
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          <ticker value="BACR"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Baxter International Inc</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
        <title>Baxter International Inc 5.65 12/15/2035</title>
        <cusip>071813DE6</cusip>
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          <ticker value="BAX"/>
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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>Barclays Commercial Mortgage Trust 2019-C4</name>
        <lei>N/A</lei>
        <title>Barclays Commercial Mortgage Trust 2019-C4 3.25</title>
        <cusip>07335CAT1</cusip>
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          <isin value="US07335CAT18"/>
          <ticker value="BBCMS"/>
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        <assetCat>ABS-MBS</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Benchmark 2020-B16 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2020-B16 Mortgage Trust 2.50</title>
        <cusip>08161NAW7</cusip>
        <identifiers>
          <isin value="US08161NAW74"/>
          <ticker value="BMARK"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000000</annualizedRt>
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      <invstOrSec>
        <name>Benchmark 2019-B13 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2019-B13 Mortgage Trust 2.50</title>
        <cusip>08162DAR9</cusip>
        <identifiers>
          <isin value="US08162DAR98"/>
          <ticker value="BMARK"/>
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        <assetCat>ABS-MBS</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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          <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>Benchmark 2021-B31 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2021-B31 Mortgage Trust 2.25</title>
        <cusip>08163MAW7</cusip>
        <identifiers>
          <isin value="US08163MAW73"/>
          <ticker value="BMARK"/>
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        <balance>2618000.0000000000</balance>
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        <valUSD>1754992.7900000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>BioMarin Pharmaceutical Inc</name>
        <lei>NSLL8ITTRR0J5HEMR848</lei>
        <title>BioMarin Pharmaceutical Inc 5.50 02/15/2034</title>
        <cusip>09061GAL5</cusip>
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          <ticker value="BMRN"/>
          <other otherDesc="SEDOL" value="BVYDBK8"/>
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        <curCd>USD</curCd>
        <valUSD>2013060.1000000000</valUSD>
        <pctVal>0.0861893646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Biocon Biologics Global PLC</name>
        <lei>254900PMQN51VACG2D55</lei>
        <title>Biocon Biologics Global PLC 6.67 10/09/2029</title>
        <cusip>090978AA5</cusip>
        <identifiers>
          <isin value="US090978AA56"/>
          <ticker value="BIOLIN"/>
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        <balance>2290000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2326885.7900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.670000000000000</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>Blackbird Capital II Aircraft Lease Ltd</name>
        <lei>N/A</lei>
        <title>Blackbird Capital II Aircraft Lease Ltd 2.44</title>
        <cusip>09229CAA7</cusip>
        <identifiers>
          <isin value="US09229CAA71"/>
          <ticker value="BBIRD"/>
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        <balance>3063736.6700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2931751.2000000000</valUSD>
        <pctVal>0.1255232136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.443000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Blue Owl Technology Finance Corp</name>
        <lei>254900G5EZJSOD3UKL16</lei>
        <title>Blue Owl Technology Finance Corp 6.10 03/15/2028</title>
        <cusip>095924AB2</cusip>
        <identifiers>
          <isin value="US095924AB26"/>
          <ticker value="OTF"/>
          <other otherDesc="SEDOL" value="BSWV8P7"/>
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        <balance>6126000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6216232.4300000000</valUSD>
        <pctVal>0.2661485979</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>6.100000000000001</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>Boeing Co/The</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co/The 5.71 05/01/2040</title>
        <cusip>097023CV5</cusip>
        <identifiers>
          <isin value="US097023CV59"/>
          <ticker value="BA"/>
          <other otherDesc="SEDOL" value="BM8XFQ5"/>
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        <balance>3140000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3211531.9000000000</valUSD>
        <pctVal>0.1375020516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.705000000000000</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>Braskem Netherlands Finance BV</name>
        <lei>2549000TLMHFQ74DS330</lei>
        <title>Braskem Netherlands Finance BV 4.50 01/10/2028</title>
        <cusip>10554TAB1</cusip>
        <identifiers>
          <isin value="US10554TAB17"/>
          <ticker value="BRASKM"/>
          <other otherDesc="SEDOL" value="BF8F7B1"/>
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        <balance>1007000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>459040.9500000000</valUSD>
        <pctVal>0.0196538831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</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>Braskem Netherlands Finance BV</name>
        <lei>2549000TLMHFQ74DS330</lei>
        <title>Braskem Netherlands Finance BV 4.50 01/31/2030</title>
        <cusip>10554TAD7</cusip>
        <identifiers>
          <isin value="US10554TAD72"/>
          <ticker value="BRASKM"/>
          <other otherDesc="SEDOL" value="BKVKBD8"/>
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        <balance>8636000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3732479.2000000000</valUSD>
        <pctVal>0.1598064611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</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>Bristol-Myers Squibb Co</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co 5.55 02/22/2054</title>
        <cusip>110122EK0</cusip>
        <identifiers>
          <isin value="US110122EK02"/>
          <ticker value="BMY"/>
          <other otherDesc="SEDOL" value="BPK6XT2"/>
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        <balance>1000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>979035.8000000000</valUSD>
        <pctVal>0.0419175133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.550000000000000</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>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom Inc 4.60 01/15/2033</title>
        <cusip>11135FDA6</cusip>
        <identifiers>
          <isin value="US11135FDA66"/>
          <ticker value="AVGO"/>
          <other otherDesc="SEDOL" value="BVPC3Y2"/>
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        <balance>1890000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1885197.2500000000</valUSD>
        <pctVal>0.0807149042</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>4.600000000000001</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>Builders FirstSource Inc</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>Builders FirstSource Inc 4.25 02/01/2032</title>
        <cusip>12008RAP2</cusip>
        <identifiers>
          <isin value="US12008RAP29"/>
          <ticker value="BLDR"/>
          <other otherDesc="SEDOL" value="BMD9BZ9"/>
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        <balance>6210000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5924015.8400000000</valUSD>
        <pctVal>0.2536373161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000000</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>CCO Holdings LLC / CCO Holdings Capital Corp</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp 5.13 05/01/2027</title>
        <cusip>1248EPBT9</cusip>
        <identifiers>
          <isin value="US1248EPBT92"/>
          <ticker value="CHTR"/>
          <other otherDesc="SEDOL" value="BYM4WW3"/>
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        <balance>1425000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1426253.1200000000</valUSD>
        <pctVal>0.0610651665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000000</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>CCO Holdings LLC / CCO Holdings Capital Corp</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp 4.75 03/01/2030</title>
        <cusip>1248EPCD3</cusip>
        <identifiers>
          <isin value="US1248EPCD32"/>
          <ticker value="CHTR"/>
          <other otherDesc="SEDOL" value="BK6WV51"/>
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        <balance>4650000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4445102.4000000000</valUSD>
        <pctVal>0.1903174929</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>4.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>CNO Financial Group Inc</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO Financial Group Inc 5.25 05/30/2029</title>
        <cusip>12621EAL7</cusip>
        <identifiers>
          <isin value="US12621EAL74"/>
          <ticker value="CNO"/>
          <other otherDesc="SEDOL" value="BJ5C4Z6"/>
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        <balance>3420000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3481946.2200000000</valUSD>
        <pctVal>0.1490798671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>HQLA Funding LLC Champlain Series</name>
        <lei>5493000J8TNLYHDOFL03</lei>
        <title>Hqla Funding LLC 0.00 02/02/2026</title>
        <cusip>44333BB26</cusip>
        <identifiers>
          <isin value="US44333BB264"/>
          <ticker value="HQCMPA"/>
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        <balance>34600000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34589332.8200000000</valUSD>
        <pctVal>1.4809456591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Lion Bay Funding LLC</name>
        <lei>635400IQAPDH9DJ1QL85</lei>
        <title>Lion Bay Funding LLC 0.00 02/02/2026</title>
        <cusip>53619YB22</cusip>
        <identifiers>
          <isin value="US53619YB225"/>
          <ticker value="LIONBY"/>
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        <balance>35800000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35789084.5800000000</valUSD>
        <pctVal>1.5323131477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Overwatch Alpha Funding LLC</name>
        <lei>254900B3TINYQPJOZP37</lei>
        <title>Overwatch Alpha Funding LLC 0.00 02/02/2026</title>
        <cusip>69039UB28</cusip>
        <identifiers>
          <isin value="US69039UB283"/>
          <ticker value="OVERWA"/>
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        <balance>8000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7997554.4000000000</valUSD>
        <pctVal>0.3424160718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>State Street Institutional US Government Money Market Fund</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
          <ticker value="GVMXX"/>
          <other otherDesc="SEDOL" value="B284MN4"/>
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        <balance>50527.7700000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50527.7700000000</valUSD>
        <pctVal>0.0021633514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SGX Mini Japan Government 10 Y</name>
        <lei>N/A</lei>
        <title>10YR MINI JGB FUT Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXDB1757531"/>
          <ticker value="BJH6"/>
        </identifiers>
        <balance>166.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>-204775.1400000000</valUSD>
        <pctVal>-0.0087674676</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>10YR MINI JGB FUT</issuerName>
                <issueTitle>10YR MINI JGB FUT Mar26</issueTitle>
                <identifiers>
                  <ticker value="BJH6"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-12</expDate>
            <notionalAmt>2216085000.0000000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>-204775.1400000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eurex 2 Year Euro SCHATZ Futur</name>
        <lei>N/A</lei>
        <title>EURO-SCHATZ FUT   Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2MGDE7"/>
          <ticker value="DUH6"/>
        </identifiers>
        <balance>-1435.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>39489.0300000000</valUSD>
        <pctVal>0.0016907267</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EURO-SCHATZ FUT</issuerName>
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                <identifiers>
                  <ticker value="DUH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-06</expDate>
            <notionalAmt>-153441989.2500000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>39489.0300000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eurex 10 Year Euro BUND Future</name>
        <lei>N/A</lei>
        <title>EURO-BUND FUTURE  Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2MGDC1"/>
          <ticker value="RXH6"/>
        </identifiers>
        <balance>1295.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>-529113.6700000000</valUSD>
        <pctVal>-0.0226540534</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EURO-BUND FUTURE</issuerName>
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                <identifiers>
                  <ticker value="RXH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-06</expDate>
            <notionalAmt>166426527.7500000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-529113.6700000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Euro-BTP Italian Bond Futures</name>
        <lei>N/A</lei>
        <title>Euro-BTP Future   Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2MGDA5"/>
          <ticker value="IKH6"/>
        </identifiers>
        <balance>221.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>112583.9700000000</valUSD>
        <pctVal>0.0048202937</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Euro-BTP Future</issuerName>
                <issueTitle>Euro-BTP Future   Mar26</issueTitle>
                <identifiers>
                  <ticker value="IKH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-06</expDate>
            <notionalAmt>26670330.4500000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>112583.9700000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>French Government Bond Futures</name>
        <lei>N/A</lei>
        <title>Euro-OAT Future   Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2MGDH0"/>
          <ticker value="OATH6"/>
        </identifiers>
        <balance>482.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>450528.9600000000</valUSD>
        <pctVal>0.0192894414</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Euro-OAT Future</issuerName>
                <issueTitle>Euro-OAT Future   Mar26</issueTitle>
                <identifiers>
                  <ticker value="OATH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-06</expDate>
            <notionalAmt>58390178.9000000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>450528.9600000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CBOT US Long Bond Future</name>
        <lei>N/A</lei>
        <title>US LONG BOND(CBT) Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="USH6"/>
        </identifiers>
        <balance>170.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13418.5000000000</valUSD>
        <pctVal>0.0005745144</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US LONG BOND(CBT)</issuerName>
                <issueTitle>US LONG BOND(CBT) Mar26</issueTitle>
                <identifiers>
                  <ticker value="USH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>19557831.5000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>13418.5000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CBOT 10 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 10YR NOTE (CBT)Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYH6"/>
        </identifiers>
        <balance>-1309.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1394146.5600000000</valUSD>
        <pctVal>0.0596905210</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 10YR NOTE (CBT)</issuerName>
                <issueTitle>US 10YR NOTE (CBT)Mar26</issueTitle>
                <identifiers>
                  <ticker value="TYH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>-147777162.1900000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1394146.5600000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME Ultra Long Term US Treasury</name>
        <lei>N/A</lei>
        <title>US ULTRA BOND CBT Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WNH6"/>
        </identifiers>
        <balance>218.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-483581.5200000000</valUSD>
        <pctVal>-0.0207045900</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US ULTRA BOND CBT</issuerName>
                <issueTitle>US ULTRA BOND CBT Mar26</issueTitle>
                <identifiers>
                  <ticker value="WNH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>26084956.5200000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-483581.5200000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CBOT 5 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 5YR NOTE (CBT) Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FVH6"/>
        </identifiers>
        <balance>80.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>22969.0400000000</valUSD>
        <pctVal>0.0009834217</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 5YR NOTE (CBT)</issuerName>
                <issueTitle>US 5YR NOTE (CBT) Mar26</issueTitle>
                <identifiers>
                  <ticker value="FVH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-31</expDate>
            <notionalAmt>8691406.0000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>22969.0400000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CBOT 2 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 2YR NOTE (CBT) Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TUH6"/>
        </identifiers>
        <balance>-862.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>143259.6400000000</valUSD>
        <pctVal>0.0061336755</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 2YR NOTE (CBT)</issuerName>
                <issueTitle>US 2YR NOTE (CBT) Mar26</issueTitle>
                <identifiers>
                  <ticker value="TUH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-31</expDate>
            <notionalAmt>-179863525.7000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>143259.6400000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG GILT FUTURE</name>
        <lei>N/A</lei>
        <title>LONG GILT FUTURE  Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00N0Y66697"/>
          <ticker value="G H6"/>
        </identifiers>
        <balance>83.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>17496.0400000000</valUSD>
        <pctVal>0.0007490947</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LONG GILT FUTURE</issuerName>
                <issueTitle>LONG GILT FUTURE  Mar26</issueTitle>
                <identifiers>
                  <ticker value="G H6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-27</expDate>
            <notionalAmt>7527763.7700000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>17496.0400000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUST 10Y BOND FUT</name>
        <lei>N/A</lei>
        <title>AUST 10Y BOND FUT Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XMH6"/>
        </identifiers>
        <balance>433.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4360590000"/>
        <valUSD>-214241.7700000000</valUSD>
        <pctVal>-0.0091727823</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
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                <issuerName>AUST 10Y BOND FUT</issuerName>
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                <identifiers>
                  <ticker value="XMH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-16</expDate>
            <notionalAmt>47570414.8700000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>-214241.7700000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAN 10YR BOND FUT</name>
        <lei>N/A</lei>
        <title>CAN 10YR BOND FUT Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CNH6"/>
        </identifiers>
        <balance>569.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3616500000"/>
        <valUSD>-482019.2400000000</valUSD>
        <pctVal>-0.0206377008</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>CAN 10YR BOND FUT</issuerName>
                <issueTitle>CAN 10YR BOND FUT Mar26</issueTitle>
                <identifiers>
                  <ticker value="CNH6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>69550861.5000000000</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>-482019.2400000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank &amp; Trust Co</name>
        <lei>571474TGEMMWANRLN572</lei>
        <title>Fixed Income Clearing Corp 3.66 02/02/2026</title>
        <cusip>RPEN3EF02</cusip>
        <identifiers>
          <ticker value="STBK"/>
        </identifiers>
        <balance>68080000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68080000.0000000000</valUSD>
        <pctVal>2.9148518416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.660000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        </debtSec>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <clearedCentCparty centralCounterparty="Fixed Income Clearing Corp." isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.66</repurchaseRt>
          <maturityDt>2026-02-02</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>69303300</principalAmt>
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              <invstCat>UST</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>mBank SA</name>
        <lei>259400DZXF7UJKK2AY35</lei>
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          <isin value="XS2907137736"/>
          <ticker value="MBKPW"/>
          <other otherDesc="SEDOL" value="BQTY6W8"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Novo Banco SA</name>
        <lei>5493009W2E2YDCXY6S81</lei>
        <title>Novo Banco SA 9.88 12/01/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTNOBLOM0001"/>
          <ticker value="NOVBNC"/>
          <other otherDesc="SEDOL" value="BRBH8W6"/>
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        <balance>7000000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.875000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CompoSecure Holdings LLC</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US20459XAC56"/>
          <ticker value="COMPOS"/>
          <other otherDesc="SEDOL" value="BS46DK0"/>
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        <balance>3065000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3057260.8800000000</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>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Concentrix Corp</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>Concentrix Corp 6.60 08/02/2028</title>
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        <identifiers>
          <isin value="US20602DAB73"/>
          <ticker value="CNXC"/>
          <other otherDesc="SEDOL" value="BNTDWP9"/>
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        <balance>5695000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5920857.0400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.600000000000001</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Government Bond</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government Bond 2.19 09/25/2054</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND10008DYH1"/>
          <ticker value="CGB"/>
          <other otherDesc="SEDOL" value="BRT57J2"/>
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        <balance>48000000.0000000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.9485000000"/>
        <valUSD>6718719.0600000000</valUSD>
        <pctVal>0.2876626120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.190000000000000</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>United Kingdom Gilt</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Gilt 1.75 09/07/2037</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BZB26Y51"/>
          <ticker value="UKT"/>
          <other otherDesc="SEDOL" value="BZB26Y5"/>
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        <balance>9375000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
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        <pctVal>0.4046701215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Connecticut Avenue Securities Trust 2022-R09</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R09 6.20</title>
        <cusip>20753DAA6</cusip>
        <identifiers>
          <isin value="US20753DAA63"/>
          <ticker value="CAS"/>
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        <balance>1024915.7800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1036322.2700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.197280000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Connecticut Avenue Securities Trust 2024-R01</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2024-R01 4.75</title>
        <cusip>20753UAA8</cusip>
        <identifiers>
          <isin value="US20753UAA88"/>
          <ticker value="CAS"/>
          <other otherDesc="SEDOL" value="BPDYXX7"/>
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        <balance>2685133.3600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2688741.6400000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.747280000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP 6.55 12/01/2033</title>
        <cusip>29273VAU4</cusip>
        <identifiers>
          <isin value="US29273VAU44"/>
          <ticker value="ET"/>
          <other otherDesc="SEDOL" value="BR3TGZ9"/>
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        <balance>2145000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2348111.6200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.550000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enerflex Inc</name>
        <lei>549300SQCOV1LC1GBK07</lei>
        <title>Enerflex Inc 6.88 01/15/2031</title>
        <cusip>29281WAA6</cusip>
        <identifiers>
          <isin value="US29281WAA62"/>
          <ticker value="EFXINC"/>
          <other otherDesc="SEDOL" value="BTFHTL2"/>
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        <balance>1348000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1394109.6900000000</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>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC 5.20 01/15/2036</title>
        <cusip>29379VCL5</cusip>
        <identifiers>
          <isin value="US29379VCL53"/>
          <ticker value="EPD"/>
          <other otherDesc="SEDOL" value="BVDD8P3"/>
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        <balance>1329000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1352694.3600000000</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>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.200000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAPTIST HOSP INC OBLIG GP</name>
        <lei>N/A</lei>
        <title>Escambia County Health Facilities Authority 3.61% 08/15/2040</title>
        <cusip>296110GG8</cusip>
        <identifiers>
          <isin value="US296110GG80"/>
          <ticker value="ESCMED"/>
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        <balance>725000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>600748.2700000000</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>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.607000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Essent Group Ltd</name>
        <lei>254900QUO860OUT6ZF83</lei>
        <title>Essent Group Ltd 6.25 07/01/2029</title>
        <cusip>29669JAA7</cusip>
        <identifiers>
          <isin value="US29669JAA79"/>
          <ticker value="ESNT"/>
          <other otherDesc="SEDOL" value="BR2NPG6"/>
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        <balance>2785000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2915782.6300000000</valUSD>
        <pctVal>0.1248395178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>EUSHI Finance Inc</name>
        <lei>N/A</lei>
        <title>EUSHI Finance Inc 6.25 04/01/2056</title>
        <cusip>29882DAC7</cusip>
        <identifiers>
          <isin value="US29882DAC74"/>
          <ticker value="EMACN"/>
          <other otherDesc="SEDOL" value="BR54Q07"/>
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        <balance>2698000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2715820.2900000000</valUSD>
        <pctVal>0.1162781107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms Inc 5.50 11/15/2045</title>
        <cusip>30303M8X3</cusip>
        <identifiers>
          <isin value="US30303M8X35"/>
          <ticker value="META"/>
          <other otherDesc="SEDOL" value="BSLN6Q1"/>
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        <balance>1420000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1366357.7700000000</valUSD>
        <pctVal>0.0585007412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms Inc 5.75 11/15/2065</title>
        <cusip>30303M8Y1</cusip>
        <identifiers>
          <isin value="US30303M8Y18"/>
          <ticker value="META"/>
          <other otherDesc="SEDOL" value="BSLN6S3"/>
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        <balance>1925000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1821633.0400000000</valUSD>
        <pctVal>0.0779933963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Meta Platforms Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Meta Platforms Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Meta Platforms Inc</name>
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          <isin value="US30303MAE21"/>
          <ticker value="META"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Gold Pool</name>
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          <ticker value="FG"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <ticker value="FR"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <ticker value="FR"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <ticker value="FR"/>
          <other otherDesc="SEDOL" value="BPDHLN2"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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          <ticker value="FR"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Freddie Mac Pool</name>
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        <name>Freddie Mac Pool</name>
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        <name>Freddie Mac Pool</name>
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        <name>Federal Home Loan Mortgage Corp</name>
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          <ticker value="FHLMC"/>
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        <name>Fannie Mae Pool</name>
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          <ticker value="FN"/>
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        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 4.00</title>
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          <ticker value="FN"/>
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        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 3.17</title>
        <cusip>3140FS6H1</cusip>
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          <isin value="US3140FS6H11"/>
          <ticker value="FN"/>
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        <curCd>USD</curCd>
        <valUSD>468921.5500000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 3.10</title>
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          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>Ginnie Mae II Pool 4.00</title>
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          <isin value="US36179YU362"/>
          <ticker value="G2"/>
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        <balance>11494300.1600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10910541.0900000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GLP Capital LP / GLP Financing II Inc</name>
        <lei>N/A</lei>
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          <isin value="US361841AV10"/>
          <ticker value="GLPI"/>
          <other otherDesc="SEDOL" value="BVZJWW4"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ally Financial Inc</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>Ally Financial Inc 8.00 11/01/2031</title>
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        <identifiers>
          <isin value="US36186CBY84"/>
          <ticker value="ALLY"/>
          <other otherDesc="SEDOL" value="B3LVPV8"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2680202.6700000000</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>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 4.50</title>
        <cusip>3620A94L2</cusip>
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          <isin value="US3620A94L22"/>
          <ticker value="GN"/>
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        <balance>2440.0800000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2453.7000000000</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>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 5.00</title>
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          <isin value="US3620A9PM70"/>
          <ticker value="GN"/>
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        <curCd>USD</curCd>
        <valUSD>3019.7400000000</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>2039-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 4.50</title>
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        <identifiers>
          <isin value="US3620AE6Y12"/>
          <ticker value="GN"/>
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        <balance>1671.7500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1679.0200000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 4.50</title>
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          <isin value="US3620AMRV67"/>
          <ticker value="GN"/>
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        <curCd>USD</curCd>
        <valUSD>8449.4900000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>Ginnie Mae II Pool 5.00</title>
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          <isin value="US3622ADQC52"/>
          <ticker value="G2"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 4.00</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GS Mortgage Securities Trust 2019-GC42</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2025-PJ6</name>
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        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 6.00</title>
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          <ticker value="GN"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2024-PJ7</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>General Motors Financial Co Inc</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co Inc 5.60 06/18/2031</title>
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          <ticker value="GM"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>General Motors Financial Co In</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co Inc 6.15 07/15/2035</title>
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          <isin value="US37045XFK72"/>
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        <curCd>USD</curCd>
        <valUSD>1757121.4700000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GENMAB A/S/GENMAB FINANCE LLC</name>
        <lei>N/A</lei>
        <title>GENMAB A/S/GENMAB FINANCE LLC 6.25 12/15/2032</title>
        <cusip>37230JAA0</cusip>
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          <isin value="US37230JAA07"/>
          <ticker value="GMABDC"/>
          <other otherDesc="SEDOL" value="BV4GT70"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GENMAB A/S/GENMAB FINANCE LLC</name>
        <lei>N/A</lei>
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          <isin value="US37230JAB89"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Gildan Activewear Inc</name>
        <lei>549300SB3IBI34M00Z45</lei>
        <title>Gildan Activewear Inc 4.70 10/07/2030</title>
        <cusip>375916AF0</cusip>
        <identifiers>
          <isin value="US375916AF02"/>
          <ticker value="GILCN"/>
          <other otherDesc="SEDOL" value="BRVWC30"/>
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        <balance>2220000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2213990.7000000000</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>2030-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gildan Activewear Inc</name>
        <lei>549300SB3IBI34M00Z45</lei>
        <title>Gildan Activewear Inc 5.40 10/07/2035</title>
        <cusip>375916AG8</cusip>
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          <isin value="US375916AG84"/>
          <ticker value="GILCN"/>
          <other otherDesc="SEDOL" value="BRWFZ95"/>
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        <balance>2950000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.400000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC 5.19 04/01/2030</title>
        <cusip>378272BZ0</cusip>
        <identifiers>
          <isin value="US378272BZ09"/>
          <ticker value="GLENLN"/>
          <other otherDesc="SEDOL" value="BMHSF27"/>
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        <curCd>USD</curCd>
        <valUSD>1838311.5200000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.186000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Global Atlantic Fin Co</name>
        <lei>98450051B2E65CAA7E94</lei>
        <title>Global Atlantic Fin Co 7.95 06/15/2033</title>
        <cusip>37959GAD9</cusip>
        <identifiers>
          <isin value="US37959GAD97"/>
          <ticker value="GBLATL"/>
          <other otherDesc="SEDOL" value="BRRH8V9"/>
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        <balance>5070000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5781435.5300000000</valUSD>
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        <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>7.950000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp 2.75% 06/01/2034</title>
        <cusip>38122NB50</cusip>
        <identifiers>
          <isin value="US38122NB504"/>
          <ticker value="GLDGEN"/>
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        <balance>1385000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1228185.5900000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.746000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The 4.37 10/21/2031</title>
        <cusip>38141GD35</cusip>
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          <isin value="US38141GD355"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="BTNNTS9"/>
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        <valUSD>2769741.1800000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-21</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The 5.07 01/21/2037</title>
        <cusip>38145GAS9</cusip>
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          <isin value="US38145GAS93"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="BVMLND1"/>
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        <valUSD>1623640.0200000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The 5.54 01/21/2047</title>
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          <isin value="US38145GAT76"/>
          <ticker value="GS"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-01-21</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Goldman Sachs BDC Inc</name>
        <lei>6D01AGSGBNZIJSN77043</lei>
        <title>Goldman Sachs BDC Inc 5.10 01/28/2029</title>
        <cusip>38147UAG2</cusip>
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          <ticker value="GSBD"/>
          <other otherDesc="SEDOL" value="BKS7HQ7"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Golub Capital BDC Inc</name>
        <lei>2549005WE0QLGK9APF78</lei>
        <title>Golub Capital BDC Inc 7.05 12/05/2028</title>
        <cusip>38173MAD4</cusip>
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          <ticker value="GBDC"/>
          <other otherDesc="SEDOL" value="BQRGLC1"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Golub Capital Private Credit Fund</name>
        <lei>254900B5KBW6OY1F9951</lei>
        <title>Golub Capital Private Credit Fund 5.45 08/15/2028</title>
        <cusip>38179RAE5</cusip>
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          <ticker value="GCRED"/>
          <other otherDesc="SEDOL" value="BQXMDX8"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Grupo Energia Bogota SA ESP</name>
        <lei>529900LG618OWYVHI655</lei>
        <title>Grupo Energia Bogota SA ESP 5.75 10/22/2035</title>
        <cusip>40053XAC3</cusip>
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          <ticker value="GEBCB"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS Corporate Lending Fund 4.90 09/11/2028</title>
        <cusip>40440VAQ8</cusip>
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          <ticker value="HLEND"/>
          <other otherDesc="SEDOL" value="BTWSHV4"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS Corporate Lending Fund 5.15 04/02/2029</title>
        <cusip>40440VAU9</cusip>
        <identifiers>
          <isin value="US40440VAU98"/>
          <ticker value="HLEND"/>
          <other otherDesc="SEDOL" value="BVPC3V9"/>
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        <balance>1535000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1529261.2500000000</valUSD>
        <pctVal>0.0654754696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.150000000000000</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>Hawaiian Electric Co Inc</name>
        <lei>549300PQE8D806LWQV52</lei>
        <title>Hawaiian Electric Co Inc 6.00 10/01/2033</title>
        <cusip>419866AV0</cusip>
        <identifiers>
          <isin value="US419866AV08"/>
          <ticker value="HE"/>
          <other otherDesc="SEDOL" value="BPCT8C7"/>
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        <balance>5630000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5718284.0300000000</valUSD>
        <pctVal>0.2448288886</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>6.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc 7.25 06/15/2033</title>
        <cusip>42704LAG9</cusip>
        <identifiers>
          <isin value="US42704LAG95"/>
          <ticker value="HRI"/>
          <other otherDesc="SEDOL" value="BV5GRT7"/>
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        <balance>2163000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2290164.9300000000</valUSD>
        <pctVal>0.0980536349</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>7.250000000000000</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>Hologic Inc</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
        <title>Hologic Inc 3.25 02/15/2029</title>
        <cusip>436440AP6</cusip>
        <identifiers>
          <isin value="US436440AP62"/>
          <ticker value="HOLX"/>
          <other otherDesc="SEDOL" value="BL6L5L9"/>
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        <balance>2610000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2601979.2100000000</valUSD>
        <pctVal>0.1114039937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>3.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Huntington Bancshares Inc/OH</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH 4.62 01/28/2032</title>
        <cusip>446150BK9</cusip>
        <identifiers>
          <isin value="US446150BK99"/>
          <ticker value="HBAN"/>
          <other otherDesc="SEDOL" value="BTZRRS5"/>
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        <balance>4940000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4949265.1200000000</valUSD>
        <pctVal>0.2119032689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.623000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV (pfd) 5.75% 11/16/2174 Perpetual</title>
        <cusip>456837AR4</cusip>
        <identifiers>
          <isin value="US456837AR44"/>
          <ticker value="INTNED"/>
          <other otherDesc="SEDOL" value="BGMFWF3"/>
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        <balance>471000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>474103.6300000000</valUSD>
        <pctVal>0.0202987932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>International Business Machines Corp</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp 5.80 02/03/2056</title>
        <cusip>459200LV1</cusip>
        <identifiers>
          <isin value="US459200LV14"/>
          <ticker value="IBM"/>
          <other otherDesc="SEDOL" value="BVYDJT3"/>
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        <balance>2100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2094892.9500000000</valUSD>
        <pctVal>0.0896930460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000000</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>Brightstar Lottery PLC</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>Brightstar Lottery PLC 5.25 01/15/2029</title>
        <cusip>460599AE3</cusip>
        <identifiers>
          <isin value="US460599AE31"/>
          <ticker value="BRSL"/>
          <other otherDesc="SEDOL" value="BMBZTH7"/>
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        <balance>4895000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4889645.8500000000</valUSD>
        <pctVal>0.2093506641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000000</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>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA 4.20 06/01/2032</title>
        <cusip>46115HBQ9</cusip>
        <identifiers>
          <isin value="US46115HBQ92"/>
          <ticker value="ISPIM"/>
          <other otherDesc="SEDOL" value="BLB0YG9"/>
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        <balance>2811000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2695641.6200000000</valUSD>
        <pctVal>0.1154141589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.198000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>IQVIA Inc</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQVIA Inc 5.00 05/15/2027</title>
        <cusip>46266TAA6</cusip>
        <identifiers>
          <isin value="US46266TAA60"/>
          <ticker value="IQV"/>
          <other otherDesc="SEDOL" value="BK62T46"/>
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        <balance>3465000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3467916.3500000000</valUSD>
        <pctVal>0.1484791768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Quikrete Holdings Inc</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>Quikrete Holdings Inc 6.38 03/01/2032</title>
        <cusip>74843PAA8</cusip>
        <identifiers>
          <isin value="US74843PAA84"/>
          <ticker value="QUIKHO"/>
          <other otherDesc="SEDOL" value="BPH26F0"/>
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        <balance>1315000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1364459.2900000000</valUSD>
        <pctVal>0.0584194576</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>6.375000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Quikrete Holdings Inc</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>Quikrete Holdings Inc 6.75 03/01/2033</title>
        <cusip>74843PAB6</cusip>
        <identifiers>
          <isin value="US74843PAB67"/>
          <ticker value="QUIKHO"/>
          <other otherDesc="SEDOL" value="BPH25H5"/>
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        <balance>3846000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3997620.8600000000</valUSD>
        <pctVal>0.1711585271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>6.750000000000000</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>RATE Mortgage Trust 2024-J3</name>
        <lei>N/A</lei>
        <title>RATE Mortgage Trust 2024-J3 5.50</title>
        <cusip>75409UAH5</cusip>
        <identifiers>
          <isin value="US75409UAH59"/>
          <ticker value="RATE"/>
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        <balance>1578521.0900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1583246.0800000000</valUSD>
        <pctVal>0.0677868354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>Rate Mortgage Trust 205-J1</name>
        <lei>N/A</lei>
        <title>Rate Mortgage Trust 205-J1 6.00</title>
        <cusip>75410CAD1</cusip>
        <identifiers>
          <isin value="US75410CAD11"/>
          <ticker value="RATE"/>
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        <balance>5598220.6700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5690754.7800000000</valUSD>
        <pctVal>0.2436502211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp</name>
        <lei>N/A</lei>
        <title>Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp 9.75 04/15/2030</title>
        <cusip>75606DAV3</cusip>
        <identifiers>
          <isin value="US75606DAV38"/>
          <ticker value="HOUS"/>
          <other otherDesc="SEDOL" value="BPSQ1P6"/>
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        <balance>1661000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1813953.1900000000</valUSD>
        <pctVal>0.0776645828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>REESE PARK CLO LTD</name>
        <lei>N/A</lei>
        <title>REESE PARK CLO LTD 5.57</title>
        <cusip>758465BQ0</cusip>
        <identifiers>
          <isin value="US758465BQ00"/>
          <ticker value="RESPK"/>
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        <balance>8100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8139370.8600000000</valUSD>
        <pctVal>0.3484879574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.572190000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Repsol E&amp;P Capital Markets US LLC</name>
        <lei>894500D0J12FRZ3Q0M15</lei>
        <title>Repsol E&amp;P Capital Markets US LLC 5.98 09/16/2035</title>
        <cusip>76026AAC1</cusip>
        <identifiers>
          <isin value="US76026AAC18"/>
          <ticker value="REPSEP"/>
          <other otherDesc="SEDOL" value="BVSYVQ3"/>
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        <balance>1336000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1364544.5500000000</valUSD>
        <pctVal>0.0584231080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rocket Cos Inc</name>
        <lei>N/A</lei>
        <title>Rocket Cos Inc 6.13 08/01/2030</title>
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        <valUSD>1782462.9600000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santos Finance Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Charles Schwab Corp/The</name>
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          <isin value="US808513BK01"/>
          <ticker value="SCHW"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Light &amp; Wonder International Inc</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>Light &amp; Wonder International Inc 7.25 11/15/2029</title>
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          <isin value="US80874YBE95"/>
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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>Sequoia Mortgage Trust 2024-8</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-8 5.50</title>
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          <isin value="US81749NAE58"/>
          <ticker value="SEMT"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2024-8</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-8 5.50</title>
        <cusip>81749NAL9</cusip>
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          <isin value="US81749NAL91"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2024-9</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-9 5.50</title>
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          <ticker value="SEMT"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2024-10</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-10 5.50</title>
        <cusip>81749QAE8</cusip>
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          <ticker value="SEMT"/>
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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>Sequoia Mortgage Trust 2024-10</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-10 5.50</title>
        <cusip>81749QAL2</cusip>
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          <ticker value="SEMT"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Siemens Financieringsmaatschappij NV</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio LLC 4.00 07/15/2028</title>
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          <ticker value="SIRI"/>
          <other otherDesc="SEDOL" value="BMBJVY0"/>
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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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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio LLC 3.13 09/01/2026</title>
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          <ticker value="SIRI"/>
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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>Snam SpA</name>
        <lei>8156002278562044AF79</lei>
        <title>Snam SpA 6.50 05/28/2055</title>
        <cusip>83304JAC1</cusip>
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          <ticker value="SRGIM"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA (pfd) 6.75% 10/06/2174 Perpetual</title>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual</title>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA (pfd) 10.00% 05/14/2174 Perpetual</title>
        <cusip>83371GAA9</cusip>
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          <ticker value="SOCGEN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Solstice Advanced Materials Inc</name>
        <lei>2138004GZ4H9TW6HK435</lei>
        <title>Solstice Advanced Materials Inc 5.63 09/30/2033</title>
        <cusip>83443QAA1</cusip>
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          <ticker value="SOLADV"/>
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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>5.625000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Southern Co Gas Capital Corp</name>
        <lei>E8CD46SWUD2TSN8PA636</lei>
        <title>Southern Co Gas Capital Corp 5.10 09/15/2035</title>
        <cusip>8426EPAK4</cusip>
        <identifiers>
          <isin value="US8426EPAK42"/>
          <ticker value="SO"/>
          <other otherDesc="SEDOL" value="BVZMDG4"/>
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        <balance>2274000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2285350.5300000000</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>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.100000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Expand Energy Corp</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Expand Energy Corp 5.38 03/15/2030</title>
        <cusip>845467AS8</cusip>
        <identifiers>
          <isin value="US845467AS85"/>
          <ticker value="EXE"/>
          <other otherDesc="SEDOL" value="BMDVV88"/>
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        <balance>5171000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5264218.7000000000</valUSD>
        <pctVal>0.2253880372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Spire Inc</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>Spire Inc 6.25 06/01/2056</title>
        <cusip>84857LAD3</cusip>
        <identifiers>
          <isin value="US84857LAD38"/>
          <ticker value="SR"/>
          <other otherDesc="SEDOL" value="BV4H6H2"/>
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        <balance>3920000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3908077.2400000000</valUSD>
        <pctVal>0.1673247083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Asurion LLC and Asurion Co-Issuer Inc</name>
        <lei>N/A</lei>
        <title>Asurion LLC and Asurion Co-Issuer Inc 8.00 12/31/2032</title>
        <cusip>045941AA9</cusip>
        <identifiers>
          <isin value="US045941AA96"/>
          <ticker value="ASUCOR"/>
          <other otherDesc="SEDOL" value="BNBV5N0"/>
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        <balance>1485000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1552499.9200000000</valUSD>
        <pctVal>0.0664704355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Asurion LLC and Asurion Co-Issuer Inc</name>
        <lei>N/A</lei>
        <title>Asurion LLC and Asurion Co-Issuer Inc 8.38 02/01/2034</title>
        <cusip>045941AB7</cusip>
        <identifiers>
          <isin value="US045941AB79"/>
          <ticker value="ASUCOR"/>
          <other otherDesc="SEDOL" value="BTZRRR4"/>
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        <balance>2325000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2352667.6600000000</valUSD>
        <pctVal>0.1007296954</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>Fixed</couponKind>
          <annualizedRt>8.375000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Atlas Warehouse Lending Co LP</name>
        <lei>25490068J12A1HV7YM70</lei>
        <title>Atlas Warehouse Lending Co LP 6.25 01/15/2030</title>
        <cusip>049463AE2</cusip>
        <identifiers>
          <isin value="US049463AE27"/>
          <ticker value="ATWALD"/>
          <other otherDesc="SEDOL" value="BS9GD61"/>
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        <balance>3612000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3814271.0200000000</valUSD>
        <pctVal>0.1633083858</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>6.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Atlas Warehouse Lending Co LP</name>
        <lei>25490068J12A1HV7YM70</lei>
        <title>Atlas Warehouse Lending Co LP 4.95 11/15/2030</title>
        <cusip>049463AG7</cusip>
        <identifiers>
          <isin value="US049463AG74"/>
          <ticker value="ATWALD"/>
          <other otherDesc="SEDOL" value="BV97310"/>
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        <balance>3640000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3657023.5200000000</valUSD>
        <pctVal>0.1565758188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Atlas Warehouse Lending Co LP</name>
        <lei>25490068J12A1HV7YM70</lei>
        <title>Atlas Warehouse Lending Co LP 5.25 01/15/2033</title>
        <cusip>049463AH5</cusip>
        <identifiers>
          <isin value="US049463AH57"/>
          <ticker value="ATWALD"/>
          <other otherDesc="SEDOL" value="BSSBSJ5"/>
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        <balance>2485000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2489384.5100000000</valUSD>
        <pctVal>0.1065832406</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>5.250000000000000</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>Avianca Midco 2 PLC</name>
        <lei>N/A</lei>
        <title>Avianca Midco 2 PLC 9.63 02/14/2030</title>
        <cusip>05369YAA7</cusip>
        <identifiers>
          <isin value="US05369YAA73"/>
          <ticker value="AVIAGP"/>
          <other otherDesc="SEDOL" value="BT8TVG4"/>
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        <balance>568000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>582393.1200000000</valUSD>
        <pctVal>0.0249352182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.625000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Avilease Capital Ltd</name>
        <lei>635400SXOPVAVBWNE366</lei>
        <title>Avilease Capital Ltd 4.75 11/12/2030</title>
        <cusip>05370HAA1</cusip>
        <identifiers>
          <isin value="US05370HAA14"/>
          <ticker value="AVILES"/>
          <other otherDesc="SEDOL" value="BQB3FF9"/>
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        <balance>4465000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4437254.2700000000</valUSD>
        <pctVal>0.1899814744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Azule Energy Finance Plc</name>
        <lei>2138006X6O82RJSQDB63</lei>
        <title>Azule Energy Finance Plc 8.25 01/22/2031</title>
        <cusip>05501YAB4</cusip>
        <identifiers>
          <isin value="US05501YAB48"/>
          <ticker value="AZURGY"/>
          <other otherDesc="SEDOL" value="BPSKZ34"/>
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        <balance>952000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>956622.2400000000</valUSD>
        <pctVal>0.0409578745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX</name>
        <lei>549300WIWQK5Q9MCUN92</lei>
        <title>BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX 5.13 01/18/2033</title>
        <cusip>05533UAF5</cusip>
        <identifiers>
          <isin value="US05533UAF57"/>
          <ticker value="BBVASM"/>
          <other otherDesc="SEDOL" value="BFY0TP8"/>
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        <balance>3735000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3693205.3500000000</valUSD>
        <pctVal>0.1581249474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.125000000000000</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>Barclays Commercial Mortgage Trust 2019-C3</name>
        <lei>N/A</lei>
        <title>Barclays Commercial Mortgage Trust 2019-C3 3.00</title>
        <cusip>05550MAC8</cusip>
        <identifiers>
          <isin value="US05550MAC82"/>
          <ticker value="BBCMS"/>
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        <balance>3000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2412577.2000000000</valUSD>
        <pctVal>0.1032947282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000000</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>
      <invstOrSec>
        <name>BBCMS Mortgage Trust 2024-5C27</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust 2024-5C27 6.41</title>
        <cusip>05555FAE4</cusip>
        <identifiers>
          <isin value="US05555FAE43"/>
          <ticker value="BBCMS"/>
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        <balance>10991000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11543396.6700000000</valUSD>
        <pctVal>0.4942316545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.410000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA (pfd) 8.50% 02/14/2174 Perpetual</title>
        <cusip>05565A5R0</cusip>
        <identifiers>
          <isin value="US05565A5R02"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="BQH61V0"/>
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        <balance>11193000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11992057.0800000000</valUSD>
        <pctVal>0.5134410938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA 3.65 01/14/2037</title>
        <cusip>05578QAH6</cusip>
        <identifiers>
          <isin value="US05578QAH65"/>
          <ticker value="BPCEGP"/>
          <other otherDesc="SEDOL" value="BPG9FF5"/>
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        <balance>3810000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3508547.6900000000</valUSD>
        <pctVal>0.1502188116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.648000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Mercantil del Norte SA/Grand Cayman</name>
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        <cusip>05971PAB4</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Mercantil del Norte SA/Grand Cayman</name>
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        <cusip>05973KAA5</cusip>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple</name>
        <lei>N/A</lei>
        <title>FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple 7.25 01/31/2041</title>
        <cusip>05974EAA8</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK 2018-BNK15</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bank of America Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <cusip>06368LQ58</cusip>
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          <isin value="US06368LQ586"/>
          <ticker value="BMO"/>
          <other otherDesc="SEDOL" value="BRC27N4"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Bank of Nova Scotia/The</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
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        <cusip>0641598S8</cusip>
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          <isin value="US0641598S88"/>
          <ticker value="BNS"/>
          <other otherDesc="SEDOL" value="BR03LB5"/>
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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>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>8.625000000000000</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>Bank of Nova Scotia/The</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia/The 8.00 01/27/2084</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp</name>
        <lei>N/A</lei>
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          <ticker value="CHTR"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CBRE Services Inc</name>
        <lei>549300CTE3HOMEUMM603</lei>
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        <cusip>12505BAL4</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Capital Automotive REIT</name>
        <lei>N/A</lei>
        <title>Capital Automotive REIT 5.25</title>
        <cusip>12510HAX8</cusip>
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          <ticker value="CAUTO"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CNA Financial Corp</name>
        <lei>549300YX2GSZD7YG1R84</lei>
        <title>CNA Financial Corp 5.20 08/15/2035</title>
        <cusip>126117AZ3</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TSE Japanese 10 Year Bond Futu</name>
        <lei>N/A</lei>
        <title>JPN 10Y BOND(OSE) Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="JBH6"/>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>KFE 10 Year Treasury Bond Futu</name>
        <lei>N/A</lei>
        <title>KOREA 10YR BND FU Mar26</title>
        <cusip>N/A</cusip>
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          <isin value="KR4A67630009"/>
          <ticker value="KAAH6"/>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enbridge Inc</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc 6.00 01/15/2077</title>
        <cusip>29250NAN5</cusip>
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          <ticker value="ENBCN"/>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Fannie Mae Pool</name>
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        <name>Frontier Communications Holdings LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>549300M8ZYFG0OCMTT87</lei>
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        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool 4.00</title>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool 4.50</title>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool 4.50</title>
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          <isin value="US36179XHY58"/>
          <ticker value="G2"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>JP Morgan Mortgage Trust 2023-7</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2023-7 5.50</title>
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          <isin value="US46657DAE04"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JP Morgan Mortgage Trust Series 2024-8</name>
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        <name>JP Morgan Mortgage Trust 2024-INV1</name>
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        <name>JP Morgan Mortgage Trust Series 2024-5</name>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust 2024-12</name>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust 2026-CES1</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2026-CES1 4.91</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.909000000000000</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>Jefferies Financial Group Inc</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group Inc 5.50 02/15/2036</title>
        <cusip>47233WLL1</cusip>
        <identifiers>
          <isin value="US47233WLL18"/>
          <ticker value="JEF"/>
          <other otherDesc="SEDOL" value="BVMZJL3"/>
        </identifiers>
        <balance>2720000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2686175.8800000000</valUSD>
        <pctVal>0.1150088824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</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>JetBlue Airways Corp / JetBlue Loyalty LP</name>
        <lei>N/A</lei>
        <title>JetBlue Airways Corp / JetBlue Loyalty LP 9.88 09/20/2031</title>
        <cusip>476920AA1</cusip>
        <identifiers>
          <isin value="US476920AA15"/>
          <ticker value="JBLU"/>
          <other otherDesc="SEDOL" value="BRXCZB7"/>
        </identifiers>
        <balance>3040000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3056650.0800000000</valUSD>
        <pctVal>0.1308707714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.875000000000000</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>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 3.65% 09/01/2174 Perpetual</title>
        <cusip>48128BAN1</cusip>
        <identifiers>
          <isin value="US48128BAN10"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BMGDC22"/>
        </identifiers>
        <balance>2332000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2331138.5600000000</valUSD>
        <pctVal>0.0998079249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAISER FDTN HOSPITALS</name>
        <lei>DW4Z57L3G4IRMHYZYK62</lei>
        <title>Kaiser Foundation Hospitals 3.00 06/01/2051</title>
        <cusip>48305QAG8</cusip>
        <identifiers>
          <isin value="US48305QAG82"/>
          <ticker value="KPERM"/>
          <other otherDesc="SEDOL" value="BMF0DM1"/>
        </identifiers>
        <balance>505000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>331122.3700000000</valUSD>
        <pctVal>0.0141770366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.002000000000000</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>KB Home</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB Home 4.80 11/15/2029</title>
        <cusip>48666KAY5</cusip>
        <identifiers>
          <isin value="US48666KAY55"/>
          <ticker value="KBH"/>
          <other otherDesc="SEDOL" value="BK50YV3"/>
        </identifiers>
        <balance>2866000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2855804.4900000000</valUSD>
        <pctVal>0.1222715478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.800000000000000</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>Kentucky Utilities Co</name>
        <lei>AGX0G2MXE54NFNNICD28</lei>
        <title>Kentucky Utilities Co 5.85 08/15/2055</title>
        <cusip>491674BP1</cusip>
        <identifiers>
          <isin value="US491674BP14"/>
          <ticker value="PPL"/>
          <other otherDesc="SEDOL" value="BV6N872"/>
        </identifiers>
        <balance>1561000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1584087.8800000000</valUSD>
        <pctVal>0.0678228771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.850000000000001</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>Kilroy Realty LP</name>
        <lei>5493008CT3N3JR7P1552</lei>
        <title>Kilroy Realty LP 3.05 02/15/2030</title>
        <cusip>49427RAP7</cusip>
        <identifiers>
          <isin value="US49427RAP73"/>
          <ticker value="KRC"/>
          <other otherDesc="SEDOL" value="BKLMSM2"/>
        </identifiers>
        <balance>1440000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1343714.7200000000</valUSD>
        <pctVal>0.0575312768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>3.050000000000000</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>Kyndryl Holdings Inc</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>Kyndryl Holdings Inc 3.15 10/15/2031</title>
        <cusip>50155QAL4</cusip>
        <identifiers>
          <isin value="US50155QAL41"/>
          <ticker value="KD"/>
          <other otherDesc="SEDOL" value="BQP9KF8"/>
        </identifiers>
        <balance>2540000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2315036.8000000000</valUSD>
        <pctVal>0.0991185264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.150000000000000</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>LPL Holdings Inc</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
        <title>LPL Holdings Inc 5.15 06/15/2030</title>
        <cusip>50212YAP9</cusip>
        <identifiers>
          <isin value="US50212YAP97"/>
          <ticker value="LPLA"/>
          <other otherDesc="SEDOL" value="BQT2398"/>
        </identifiers>
        <balance>2275000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2321478.0500000000</valUSD>
        <pctVal>0.0993943092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.150000000000000</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>Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp</name>
        <lei>N/A</lei>
        <title>Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 4.75 06/15/2029</title>
        <cusip>505742AP1</cusip>
        <identifiers>
          <isin value="US505742AP10"/>
          <ticker value="LADR"/>
          <other otherDesc="SEDOL" value="BNHV192"/>
        </identifiers>
        <balance>3050000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3026361.8900000000</valUSD>
        <pctVal>0.1295739796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</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>Lloyds Banking Group PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC</title>
        <cusip>53944YAV5</cusip>
        <identifiers>
          <isin value="US53944YAV56"/>
          <ticker value="LLOYDS"/>
          <other otherDesc="SEDOL" value="BNHN7R8"/>
        </identifiers>
        <balance>5340000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5800222.5600000000</valUSD>
        <pctVal>0.2483370948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LoanCore</name>
        <lei>N/A</lei>
        <title>LoanCore 2021-CRE5 Issuer Ltd 5.54</title>
        <cusip>53947XAE2</cusip>
        <identifiers>
          <isin value="US53947XAE22"/>
          <ticker value="LNCR"/>
        </identifiers>
        <balance>2842337.1400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2841387.8000000000</valUSD>
        <pctVal>0.1216542959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.544670000000000</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>Los Angeles Community College District/CA</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District/CA 6.75% 08/01/2049</title>
        <cusip>54438CPA4</cusip>
        <identifiers>
          <isin value="US54438CPA44"/>
          <ticker value="LOSHGR"/>
          <other otherDesc="SEDOL" value="B4LSB85"/>
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        <balance>800000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>887734.6400000000</valUSD>
        <pctVal>0.0380084452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000000</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>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports 6.58% 05/15/2039</title>
        <cusip>544435C32</cusip>
        <identifiers>
          <isin value="US544435C327"/>
          <ticker value="LOSAPT"/>
          <other otherDesc="SEDOL" value="B92R7D3"/>
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        <balance>255000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274459.2500000000</valUSD>
        <pctVal>0.0117509996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.582000000000001</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>Louisiana-Pacific Corp</name>
        <lei>549300C7E2UAO5BVRR75</lei>
        <title>Louisiana-Pacific Corp 3.63 03/15/2029</title>
        <cusip>546347AM7</cusip>
        <identifiers>
          <isin value="US546347AM73"/>
          <ticker value="LPX"/>
          <other otherDesc="SEDOL" value="BK816P1"/>
        </identifiers>
        <balance>2371000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2296740.0700000000</valUSD>
        <pctVal>0.0983351502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000000</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>Lowe's Cos Inc</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos Inc 4.50 10/15/2032</title>
        <cusip>548661EW3</cusip>
        <identifiers>
          <isin value="US548661EW30"/>
          <ticker value="LOW"/>
          <other otherDesc="SEDOL" value="BRWFZC8"/>
        </identifiers>
        <balance>2315000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2305448.1000000000</valUSD>
        <pctVal>0.0987079853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</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>Lowe's Cos Inc</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos Inc 4.85 10/15/2035</title>
        <cusip>548661EX1</cusip>
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        <name>MP 2023 LLC</name>
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        <name>Macquarie Bank Ltd/London</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Magnetite CLO Ltd</name>
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        <name>Massachusetts Institute of Technology</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Matador Resources Co</name>
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        <name>Toronto-Dominion Bank/The</name>
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        <name>TransDigm Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinity Rail Leasing 2025 LLC</name>
        <lei>N/A</lei>
        <title>Trinity Rail Leasing 2025 LLC 5.09</title>
        <cusip>89657MAA8</cusip>
        <identifiers>
          <isin value="US89657MAA80"/>
          <ticker value="TRL"/>
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        <balance>6213122.3300000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6222001.5000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.090000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trust 2401</name>
        <lei>N/A</lei>
        <title>Trust 2401 7.70 01/23/2032</title>
        <cusip>89834MAB2</cusip>
        <identifiers>
          <isin value="US89834MAB28"/>
          <ticker value="NEXTPR"/>
          <other otherDesc="SEDOL" value="BQ7XX15"/>
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        <balance>3593000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3946820.6800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.700000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Turkiye Government International Bond</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>Turkiye Government International Bond 6.88 01/14/2038</title>
        <cusip>900123DU1</cusip>
        <identifiers>
          <isin value="US900123DU12"/>
          <ticker value="TURKEY"/>
          <other otherDesc="SEDOL" value="BN7RG28"/>
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        <balance>3500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3469893.9500000000</valUSD>
        <pctVal>0.1485638480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000000</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>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <cusip>902613BF4</cusip>
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          <isin value="US902613BF40"/>
          <ticker value="UBS"/>
          <other otherDesc="SEDOL" value="BMGC4M3"/>
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        <balance>8405000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9181045.8400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust 2018-C15</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust 2018-C15 5.14</title>
        <cusip>90278LAC3</cusip>
        <identifiers>
          <isin value="US90278LAC37"/>
          <ticker value="UBSCM"/>
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        <balance>2008000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1845478.7000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.136362000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>UWM Holdings LLC</name>
        <lei>N/A</lei>
        <title>UWM Holdings LLC 6.25 03/15/2031</title>
        <cusip>903522AB6</cusip>
        <identifiers>
          <isin value="US903522AB68"/>
          <ticker value="UWMC"/>
          <other otherDesc="SEDOL" value="BVSYM93"/>
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        <balance>1930000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1919013.3400000000</valUSD>
        <pctVal>0.0821627434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>United Airlines Inc</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>United Airlines Inc 4.63 04/15/2029</title>
        <cusip>90932LAH0</cusip>
        <identifiers>
          <isin value="US90932LAH06"/>
          <ticker value="UAL"/>
          <other otherDesc="SEDOL" value="BMG8788"/>
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        <balance>2095000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2094053.0600000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>United Airlines Holdings Inc</name>
        <lei>98450079DA0B78DD6764</lei>
        <title>United Airlines Holdings Inc 5.38 03/01/2031</title>
        <cusip>910047AL3</cusip>
        <identifiers>
          <isin value="US910047AL34"/>
          <ticker value="UAL"/>
          <other otherDesc="SEDOL" value="BW46M90"/>
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        <balance>3775000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3817208.3900000000</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>5.375000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>United Nations Development Corp</name>
        <lei>N/A</lei>
        <title>United Nations Development Corp 6.54% 08/01/2055</title>
        <cusip>911157MF9</cusip>
        <identifiers>
          <isin value="US911157MF99"/>
          <ticker value="UNNDEV"/>
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        <balance>455000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>482965.2600000000</valUSD>
        <pctVal>0.0206782047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.536000000000000</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>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 1.63 10/31/2026</title>
        <cusip>912828YQ7</cusip>
        <identifiers>
          <isin value="US912828YQ73"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BKZ7NK6"/>
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        <balance>20395000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20101050.9400000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 4.00 05/31/2030</title>
        <cusip>91282CNG2</cusip>
        <identifiers>
          <isin value="US91282CNG23"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BVF9JS9"/>
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        <balance>2810000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2837990.2400000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc 5.05 04/15/2053</title>
        <cusip>91324PEW8</cusip>
        <identifiers>
          <isin value="US91324PEW86"/>
          <ticker value="UNH"/>
          <other otherDesc="SEDOL" value="BN7K9M8"/>
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        <balance>1465000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1316489.5200000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.050000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc 5.50 07/15/2044</title>
        <cusip>91324PFK3</cusip>
        <identifiers>
          <isin value="US91324PFK30"/>
          <ticker value="UNH"/>
          <other otherDesc="SEDOL" value="BPDY8C1"/>
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        <balance>1286000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1265036.9700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</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 Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc 5.30 06/15/2035</title>
        <cusip>91324PFQ0</cusip>
        <identifiers>
          <isin value="US91324PFQ00"/>
          <ticker value="UNH"/>
          <other otherDesc="SEDOL" value="BVDCZ48"/>
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        <balance>1121000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1153991.4200000000</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>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.300000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Regents of the University of California Medical Center Pooled Revenue</name>
        <lei>N/A</lei>
        <title>Regents of the University of California Medical Center Pooled Revenue 3.26% 05/15/2060</title>
        <cusip>913366KC3</cusip>
        <identifiers>
          <isin value="US913366KC30"/>
          <ticker value="UNVHGR"/>
          <other otherDesc="SEDOL" value="BL1DF87"/>
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        <balance>450000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292127.4000000000</valUSD>
        <pctVal>0.0125074631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.256000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool 3.50</title>
        <cusip>3133BBGS2</cusip>
        <identifiers>
          <isin value="US3133BBGS26"/>
          <ticker value="FR"/>
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        <balance>287032.0100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268286.3000000000</valUSD>
        <pctVal>0.0114867041</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>3.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool 5.00</title>
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        <name>Freddie Mac Pool</name>
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        <name>HCA Inc</name>
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        <name>HSBC Holdings PLC</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Rocket Cos Inc</name>
        <lei>N/A</lei>
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        <name>Royal Caribbean Cruises Ltd</name>
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        <name>SEB Funding LLC</name>
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        <name>SM Energy Co</name>
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        <cusip>78454LAN0</cusip>
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        <name>LELAND STANFORD JR UNIV</name>
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        <name>Sumter Landing Community Development District</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <lei>N/A</lei>
        <title>Sumter Landing Community Development District 5.74% 10/01/2045</title>
        <cusip>86657MCJ3</cusip>
        <identifiers>
          <isin value="US86657MCJ36"/>
          <ticker value="SLNFAC"/>
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        <balance>710000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>727851.3200000000</valUSD>
        <pctVal>0.0311630253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.743000000000000</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>Sumter Landing Community Development District</name>
        <lei>N/A</lei>
        <title>Sumter Landing Community Development District 5.82% 10/01/2054</title>
        <cusip>86657MCK0</cusip>
        <identifiers>
          <isin value="US86657MCK09"/>
          <ticker value="SLNFAC"/>
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        <balance>1295000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1312554.3700000000</valUSD>
        <pctVal>0.0561971434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.823000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP 7.00 05/01/2029</title>
        <cusip>86765KAB5</cusip>
        <identifiers>
          <isin value="US86765KAB52"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="BSLQTL6"/>
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        <balance>2116000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2201499.1000000000</valUSD>
        <pctVal>0.0942573987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP (pfd) 7.88% 03/18/2174 Perpetual</title>
        <cusip>86765KAE9</cusip>
        <identifiers>
          <isin value="US86765KAE91"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="BTWSHW5"/>
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        <balance>2525000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2602366.0000000000</valUSD>
        <pctVal>0.1114205542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP 5.88 03/15/2034</title>
        <cusip>86765KAG4</cusip>
        <identifiers>
          <isin value="US86765KAG40"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="BTWSX50"/>
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        <balance>2566000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2574039.2800000000</valUSD>
        <pctVal>0.1102077429</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>5.875000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Surgery Center Holdings Inc</name>
        <lei>54930054EVI5HWPPW113</lei>
        <title>Surgery Center Holdings Inc 7.25 04/15/2032</title>
        <cusip>86881WAF9</cusip>
        <identifiers>
          <isin value="US86881WAF95"/>
          <ticker value="SURCEN"/>
          <other otherDesc="SEDOL" value="BRS7WN8"/>
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        <balance>1166000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1175401.1800000000</valUSD>
        <pctVal>0.0503249162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Switch ABS Issuer LLC</name>
        <lei>N/A</lei>
        <title>Switch ABS Issuer LLC 5.44</title>
        <cusip>871044AE3</cusip>
        <identifiers>
          <isin value="US871044AE30"/>
          <ticker value="SWTCH"/>
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        <balance>4800000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4797428.1600000000</valUSD>
        <pctVal>0.2054023547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.436000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Pinnacle Bank/Nashville TN</name>
        <lei>549300CDOC4F7XSRG390</lei>
        <title>Pinnacle Bank/Nashville TN 5.96 01/15/2036</title>
        <cusip>87164DXY1</cusip>
        <identifiers>
          <isin value="US87164DXY11"/>
          <ticker value="PNFP"/>
          <other otherDesc="SEDOL" value="BVRWRL5"/>
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        <balance>3837000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3868182.0700000000</valUSD>
        <pctVal>0.1656165927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.957000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>T-Mobile USA Inc</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA Inc 6.70 12/15/2033</title>
        <cusip>87264ADV4</cusip>
        <identifiers>
          <isin value="US87264ADV44"/>
          <ticker value="TMUS"/>
          <other otherDesc="SEDOL" value="BVDH3X8"/>
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        <balance>2203000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2458800.0200000000</valUSD>
        <pctVal>0.1052737627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.700000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Taylor Morrison Communities Inc</name>
        <lei>549300O1Z08HI2MRK572</lei>
        <title>Taylor Morrison Communities Inc 5.75 11/15/2032</title>
        <cusip>87724RAK8</cusip>
        <identifiers>
          <isin value="US87724RAK86"/>
          <ticker value="TMHC"/>
          <other otherDesc="SEDOL" value="BVSWDM7"/>
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        <balance>1122000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1152221.0700000000</valUSD>
        <pctVal>0.0493324575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>TEGNA Inc</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA Inc 4.63 03/15/2028</title>
        <cusip>87901JAJ4</cusip>
        <identifiers>
          <isin value="US87901JAJ43"/>
          <ticker value="TGNA"/>
          <other otherDesc="SEDOL" value="BNTBJ41"/>
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        <balance>4630000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4600289.7500000000</valUSD>
        <pctVal>0.1969618544</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>4.625000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Japan Government Forty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Forty Year Bond 1.40 03/20/2055</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1400081F45"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BX1D7G3"/>
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        <balance>325000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>1288966.6700000000</valUSD>
        <pctVal>0.0551872337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.400000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Kingdom of Belgium Government Bond</name>
        <lei>549300SZ25JZFHRHWD76</lei>
        <title>Kingdom of Belgium Government Bond 1.60 06/22/2047</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0000338476"/>
          <ticker value="BGB"/>
          <other otherDesc="SEDOL" value="BYQ64Q3"/>
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        <balance>4086000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>3136768.8600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.600000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Colombian TES</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombian TES 7.00 06/30/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COL17CT03490"/>
          <ticker value="COLTES"/>
          <other otherDesc="SEDOL" value="BD446H7"/>
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        <balance>11500000000.0000000000</balance>
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        <currencyConditional curCd="COP" exchangeRt="3696.8900000000"/>
        <valUSD>2351712.4400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Czech Republic Government Bond</name>
        <lei>3157007EFDLQABN47912</lei>
        <title>Czech Republic Government Bond 0.25 02/10/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CZ0001005037"/>
          <ticker value="CZGB"/>
          <other otherDesc="SEDOL" value="BF1T8Q2"/>
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        <balance>138700000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CZK" exchangeRt="20.5331500000"/>
        <valUSD>6556497.1300000000</valUSD>
        <pctVal>0.2807170642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bundesrepublik Deutschland Bundesanleihe</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>Bundesrepublik Deutschland Bundesanleihe 1.25 08/15/2048</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0001102432"/>
          <ticker value="DBR"/>
          <other otherDesc="SEDOL" value="BF51GY8"/>
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        <balance>1200000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>938176.4700000000</valUSD>
        <pctVal>0.0401681171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank NV (pfd) 4.75% 03/22/2174 Perpetual</title>
        <cusip>N02598N68</cusip>
        <identifiers>
          <isin value="XS1693822634"/>
          <ticker value="ABNANV"/>
          <other otherDesc="SEDOL" value="BYWYXP3"/>
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        <balance>6000000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>7228162.9800000000</valUSD>
        <pctVal>0.3094745031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>Nationwide Building Society (pfd) 5.75% 12/20/2174 Perpetual</title>
        <cusip>G6S17GNU5</cusip>
        <identifiers>
          <isin value="XS2113658202"/>
          <ticker value="NWIDE"/>
          <other otherDesc="SEDOL" value="BMTD111"/>
        </identifiers>
        <balance>6600000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>9076507.0700000000</valUSD>
        <pctVal>0.3886115357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thailand Government Bond</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>Thailand Government Bond 1.59 12/17/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH062303FC01"/>
          <ticker value="THAIGB"/>
          <other otherDesc="SEDOL" value="BL6CKB7"/>
        </identifiers>
        <balance>306000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="THB" exchangeRt="31.4650000000"/>
        <valUSD>9373950.3200000000</valUSD>
        <pctVal>0.4013465974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.585000000000000</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>Italy Buoni Poliennali Del Tesoro</name>
        <lei>815600DE60799F5A9309</lei>
        <title>Italy Buoni Poliennali Del Tesoro 1.80 03/01/2041</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005421703"/>
          <ticker value="BTPS"/>
          <other otherDesc="SEDOL" value="BMX6GH7"/>
        </identifiers>
        <balance>1500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>1358265.6700000000</valUSD>
        <pctVal>0.0581542772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.800000000000000</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>China Government Bond</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government Bond 3.81 09/14/2050</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND10003N750"/>
          <ticker value="CGB"/>
          <other otherDesc="SEDOL" value="BMC3TQ9"/>
        </identifiers>
        <balance>57000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CNY" exchangeRt="6.9485000000"/>
        <valUSD>10466273.6400000000</valUSD>
        <pctVal>0.4481145269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.810000000000000</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>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken AB (pfd) 4.38% 03/01/2174 Perpetual</title>
        <cusip>W9T10ZZR9</cusip>
        <identifiers>
          <isin value="XS2233263404"/>
          <ticker value="SHBASS"/>
          <other otherDesc="SEDOL" value="BLF80Q1"/>
        </identifiers>
        <balance>7400000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7372437.7400000000</valUSD>
        <pctVal>0.3156516411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC (pfd) 5.13% 12/31/2174 Perpetual</title>
        <cusip>G6422BAA3</cusip>
        <identifiers>
          <isin value="XS2258827034"/>
          <ticker value="NWG"/>
          <other otherDesc="SEDOL" value="BMZ7Y18"/>
        </identifiers>
        <balance>1585000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>2168021.4600000000</valUSD>
        <pctVal>0.0928240503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New South Wales Treasury Corp</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>New South Wales Treasury Corp 1.50 02/20/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU3SG0002389"/>
          <ticker value="NSWTC"/>
          <other otherDesc="SEDOL" value="BMQ8454"/>
        </identifiers>
        <balance>5800000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4360590000"/>
        <valUSD>3345888.9900000000</valUSD>
        <pctVal>0.1432545635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000000</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>Spain Government Bond</name>
        <lei>9598007A56S18711AH60</lei>
        <title>Spain Government Bond 0.10 04/30/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0000012H41"/>
          <ticker value="SPGB"/>
          <other otherDesc="SEDOL" value="BMV7YT0"/>
        </identifiers>
        <balance>10000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>10404286.2200000000</valUSD>
        <pctVal>0.4454605295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.100000000000000</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>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>Danske Bank A/S (pfd) 4.38% 11/18/2174 Perpetual</title>
        <cusip>K2227DL59</cusip>
        <identifiers>
          <isin value="XS2343014119"/>
          <ticker value="DANBNK"/>
          <other otherDesc="SEDOL" value="BMBVPS8"/>
        </identifiers>
        <balance>10410000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10419253.5500000000</valUSD>
        <pctVal>0.4461013572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA 2.00 05/24/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0014003N10"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="BN7CQJ0"/>
        </identifiers>
        <balance>3200000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>4344948.3400000000</valUSD>
        <pctVal>0.1860293871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.000000000000000</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>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC 2.11 11/28/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2346516250"/>
          <ticker value="NWG"/>
          <other otherDesc="SEDOL" value="BLFB2W0"/>
        </identifiers>
        <balance>1900000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>2563874.3600000000</valUSD>
        <pctVal>0.1097725308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.105000000000000</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>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
        <title>European Union 0.00 07/04/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EU000A3KSXE1"/>
          <ticker value="EU"/>
          <other otherDesc="SEDOL" value="BNKCSH9"/>
        </identifiers>
        <balance>15800000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>16286301.0800000000</valUSD>
        <pctVal>0.6972995696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Indonesia Treasury Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Treasury Bond 6.63 02/15/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000023607"/>
          <ticker value="INDOGB"/>
          <other otherDesc="SEDOL" value="BN7JVR4"/>
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        <balance>181530000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="16785.0000000000"/>
        <valUSD>10989097.9200000000</valUSD>
        <pctVal>0.4704992995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000000</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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 1.80 09/20/2053</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300801PA2"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BRX94D3"/>
        </identifiers>
        <balance>1000000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>4425482.8800000000</valUSD>
        <pctVal>0.1894774812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.800000000000000</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>China Government Bond</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government Bond 2.67 11/25/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND100076348"/>
          <ticker value="CGB"/>
          <other otherDesc="SEDOL" value="BPSLMM5"/>
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        <balance>88000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CNY" exchangeRt="6.9485000000"/>
        <valUSD>13560067.3500000000</valUSD>
        <pctVal>0.5805756065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.670000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>China Government Bond</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government Bond 2.54 12/25/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND10007C3M6"/>
          <ticker value="CGB"/>
          <other otherDesc="SEDOL" value="BPCRKH0"/>
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        <balance>277000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CNY" exchangeRt="6.9485000000"/>
        <valUSD>41719146.0000000000</valUSD>
        <pctVal>1.7862093059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.540000000000000</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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 1.80 03/20/2054</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300821Q49"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BQD16D6"/>
        </identifiers>
        <balance>1120000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>4941667.1000000000</valUSD>
        <pctVal>0.2115779590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.800000000000000</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>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC 4.97 05/31/2036</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2831195644"/>
          <ticker value="BACR"/>
          <other otherDesc="SEDOL" value="BS87VQ1"/>
        </identifiers>
        <balance>5500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>6877215.7000000000</valUSD>
        <pctVal>0.2944486611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.973000000000000</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>Spain Government Bond</name>
        <lei>9598007A56S18711AH60</lei>
        <title>Spain Government Bond 3.10 07/30/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0000012N43"/>
          <ticker value="SPGB"/>
          <other otherDesc="SEDOL" value="BS6VHV2"/>
        </identifiers>
        <balance>10000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>12100376.3500000000</valUSD>
        <pctVal>0.5180787939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.100000000000000</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>CHINA GOVERNMENT BOND BONDS 09/54 2.19</name>
        <lei>300300CHN201808MOF68</lei>
        <title>CHINA GOVERNMENT BOND BONDS 09/54 2.19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND10008DYH1"/>
          <ticker value="CGB"/>
          <other otherDesc="SEDOL" value="BRT57J2"/>
        </identifiers>
        <balance>118000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CNY" exchangeRt="6.9485000000"/>
        <valUSD>16519093.6700000000</valUSD>
        <pctVal>0.7072666070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.1900000000</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>Kingdom of Belgium Government Bond</name>
        <lei>549300SZ25JZFHRHWD76</lei>
        <title>Kingdom of Belgium Government Bond 3.10 06/22/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0000363722"/>
          <ticker value="BGB"/>
          <other otherDesc="SEDOL" value="BR4S9J0"/>
        </identifiers>
        <balance>1500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>1756162.9500000000</valUSD>
        <pctVal>0.0751902880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.100000000000000</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>Eurobank SA</name>
        <lei>213800KGF4EFNUQKAT69</lei>
        <title>Eurobank SA 4.25 04/30/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2987792269"/>
          <ticker value="EUROB"/>
          <other otherDesc="SEDOL" value="BS89190"/>
        </identifiers>
        <balance>6500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>7823956.6000000000</valUSD>
        <pctVal>0.3349834651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.250000000000000</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>Commerzbank AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>Commerzbank AG (pfd) 4.25% 04/09/2174 Perpetual</title>
        <cusip>D1706CHH0</cusip>
        <identifiers>
          <isin value="DE000CZ45WA7"/>
          <ticker value="CMZB"/>
          <other otherDesc="SEDOL" value="BP093L3"/>
        </identifiers>
        <balance>7000000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>8316375.4300000000</valUSD>
        <pctVal>0.3560664253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of Poland Government Bond</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>Republic of Poland Government Bond 1.75 04/25/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PL0000113783"/>
          <ticker value="POLGB"/>
          <other otherDesc="SEDOL" value="BMD24S2"/>
        </identifiers>
        <balance>16300000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="PLN" exchangeRt="3.5530000000"/>
        <valUSD>3896532.0700000000</valUSD>
        <pctVal>0.1668304007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000000</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>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA 2.13 10/13/2046</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0014005V67"/>
          <ticker value="BPCEGP"/>
          <other otherDesc="SEDOL" value="BK7YHL4"/>
        </identifiers>
        <balance>5000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>5391909.4000000000</valUSD>
        <pctVal>0.2308551270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.125000000000000</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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 0.70 09/20/2051</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300721MA9"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BNYLMM5"/>
        </identifiers>
        <balance>1350000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>4529020.1400000000</valUSD>
        <pctVal>0.1939104391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.700000000000000</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>Banco de Sabadell SA</name>
        <lei>SI5RG2M0WQQLZCXKRM20</lei>
        <title>Banco de Sabadell SA (pfd) 5.00% 02/19/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2389116307"/>
          <ticker value="SABSM"/>
          <other otherDesc="SEDOL" value="BPLQR11"/>
        </identifiers>
        <balance>3000000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>3617034.9000000000</valUSD>
        <pctVal>0.1548637021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telefonica Europe BV</name>
        <lei>7245007FZS0M65WUGP67</lei>
        <title>Telefonica Europe BV (pfd) 2.88% 05/24/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2410367747"/>
          <ticker value="TELEFO"/>
          <other otherDesc="SEDOL" value="BMFV227"/>
        </identifiers>
        <balance>1600000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>1873008.3200000000</valUSD>
        <pctVal>0.0801930339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 0.70 12/20/2051</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300731N17"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BMBSYR1"/>
        </identifiers>
        <balance>1790000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>5945515.5400000000</valUSD>
        <pctVal>0.2545578279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.700000000000000</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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 1.30 06/20/2052</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300751N79"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BMWSLK2"/>
        </identifiers>
        <balance>380000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>1495394.9300000000</valUSD>
        <pctVal>0.0640254798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.300000000000000</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>Japan Government Twenty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Twenty Year Bond 1.10 09/20/2042</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1201821NA5"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BLFDJ92"/>
        </identifiers>
        <balance>835000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>4080243.3100000000</valUSD>
        <pctVal>0.1746960154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.100000000000000</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>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC 8.41 11/14/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2552367687"/>
          <ticker value="BACR"/>
          <other otherDesc="SEDOL" value="BNNPGH1"/>
        </identifiers>
        <balance>2100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>3049261.2000000000</valUSD>
        <pctVal>0.1305544158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.407000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Kingdom Gilt</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Gilt 3.75 01/29/2038</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BQC4R999"/>
          <ticker value="UKT"/>
          <other otherDesc="SEDOL" value="BQC4R99"/>
        </identifiers>
        <balance>20000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>24756776.0000000000</valUSD>
        <pctVal>1.0599637796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credit Agricole SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA (pfd) 7.25% 03/23/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400F067"/>
          <ticker value="ACAFP"/>
          <other otherDesc="SEDOL" value="BMTWJP8"/>
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        <balance>4900000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>6269386.3700000000</valUSD>
        <pctVal>0.2684243890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA (pfd) 7.38% 06/11/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400F2H9"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="BNNMBG6"/>
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        <balance>2400000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>3154098.5200000000</valUSD>
        <pctVal>0.1350430358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 1.60 12/20/2052</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300771P16"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BQFL6P6"/>
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        <balance>300000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>1270872.9300000000</valUSD>
        <pctVal>0.0544125485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.600000000000000</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>China Government Bond</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government Bond 2.64 01/15/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND10005ZT18"/>
          <ticker value="CGB"/>
          <other otherDesc="SEDOL" value="BKY6NT3"/>
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        <balance>48000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CNY" exchangeRt="6.9485000000"/>
        <valUSD>7086937.2600000000</valUSD>
        <pctVal>0.3034279102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.640000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Queensland Treasury Corp</name>
        <lei>98INKCEEHOU5YJS0HQ88</lei>
        <title>Queensland Treasury Corp 4.50 08/22/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU3CB0296580"/>
          <ticker value="QTC"/>
          <other otherDesc="SEDOL" value="BQS97Q5"/>
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        <balance>18850000.0000000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.4360590000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV (pfd) 7.50% 05/16/2174 Perpetual</title>
        <cusip>N4578ELM8</cusip>
        <identifiers>
          <isin value="XS2585240984"/>
          <ticker value="INTNED"/>
          <other otherDesc="SEDOL" value="BMX7FG2"/>
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        <balance>5525000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5772791.0600000000</valUSD>
        <pctVal>0.2471626124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Swedbank AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>Swedbank AB (pfd) 7.63% 09/17/2174 Perpetual</title>
        <cusip>W94240HF3</cusip>
        <identifiers>
          <isin value="XS2580715147"/>
          <ticker value="SWEDA"/>
          <other otherDesc="SEDOL" value="BN4DGJ6"/>
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        <balance>8800000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9243432.7000000000</valUSD>
        <pctVal>0.3957584728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rothesay Life PLC</name>
        <lei>MFQO711J5UPYBWXSPG12</lei>
        <title>Rothesay Life PLC 7.73 05/16/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2621758635"/>
          <ticker value="ROTHLF"/>
          <other otherDesc="SEDOL" value="BQBCHG1"/>
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        <balance>6080000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>9267380.4300000000</valUSD>
        <pctVal>0.3967837972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.734000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA 6.63 05/31/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2630420268"/>
          <ticker value="ISPIM"/>
          <other otherDesc="SEDOL" value="BMTYHJ4"/>
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        <balance>5400000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
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        <pctVal>0.3471945352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000000</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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 1.20 06/20/2053</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300791P79"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BRBQ9H5"/>
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        <balance>603500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>2272355.5600000000</valUSD>
        <pctVal>0.0972911250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.200000000000000</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>Japan Government Twenty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Twenty Year Bond 1.10 06/20/2043</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1201851P76"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BN2ZNQ0"/>
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        <balance>500000000.0000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>2398004.4600000000</valUSD>
        <pctVal>0.1026707949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.100000000000000</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>United Kingdom Gilt</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Gilt 4.25 12/07/2049</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B39R3707"/>
          <ticker value="UKT"/>
          <other otherDesc="SEDOL" value="B39R370"/>
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        <balance>3720000.0000000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>4410911.9100000000</valUSD>
        <pctVal>0.1888536237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Sweden Government Bond</name>
        <lei>ERE94C0BSULG2RM19605</lei>
        <title>Sweden Government Bond 3.50 03/30/2039</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0002829192"/>
          <ticker value="SGB"/>
          <other otherDesc="SEDOL" value="B3LGV26"/>
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        <balance>15600000.0000000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="8.9075000000"/>
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        <pctVal>0.0794380565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Norway Government Bond</name>
        <lei>549300L0BT3FJTN9MX24</lei>
        <title>Norway Government Bond 1.75 02/17/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010786288"/>
          <ticker value="NGB"/>
          <other otherDesc="SEDOL" value="BD8BY58"/>
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        <balance>2800000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305000000"/>
        <valUSD>284380.7600000000</valUSD>
        <pctVal>0.0121757900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Japan Government Twenty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Twenty Year Bond 0.60 09/20/2037</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1201621H91"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BDD20Z8"/>
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        <balance>1222000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>6428288.0500000000</valUSD>
        <pctVal>0.2752277800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.600000000000000</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>Israel Government Bond - Fixed</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>Israel Government Bond - Fixed 2.80 11/29/2052</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011840761"/>
          <ticker value="ILGOV"/>
          <other otherDesc="SEDOL" value="BP493W0"/>
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        <balance>10000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ILS" exchangeRt="3.0996500000"/>
        <valUSD>2431732.8700000000</valUSD>
        <pctVal>0.1041148801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.800000000000000</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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 0.70 06/20/2051</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300711M79"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BP5D0M0"/>
        </identifiers>
        <balance>716000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>2423485.5300000000</valUSD>
        <pctVal>0.1037617694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.700000000000000</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>Spain Government Bond</name>
        <lei>9598007A56S18711AH60</lei>
        <title>Spain Government Bond 3.15 04/30/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0000012L52"/>
          <ticker value="SPGB"/>
          <other otherDesc="SEDOL" value="BPQGCJ9"/>
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        <balance>7000000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.150000000000000</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>CHINA GOVERNMENT BOND BONDS 11/33 2.67</name>
        <lei>300300CHN201808MOF68</lei>
        <title>CHINA GOVERNMENT BOND BONDS 11/33 2.67</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND100076348"/>
          <other otherDesc="SEDOL" value="BPSLMM5"/>
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        <balance>50000000.0000000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.9485000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.6700000000</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>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>University of California 3.07% 05/15/2051</title>
        <cusip>91412HKE2</cusip>
        <identifiers>
          <isin value="US91412HKE26"/>
          <ticker value="UNVHGR"/>
          <other otherDesc="SEDOL" value="BMHLYJ6"/>
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        <balance>670000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>453623.3000000000</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>2051-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.071000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Venture Global Plaquemines LNG LLC</name>
        <lei>549300TKP4I6OJ02BF90</lei>
        <title>Venture Global Plaquemines LNG LLC 6.75 01/15/2036</title>
        <cusip>922966AD8</cusip>
        <identifiers>
          <isin value="US922966AD85"/>
          <ticker value="VEGLPL"/>
          <other otherDesc="SEDOL" value="BRJW1T1"/>
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        <balance>2021000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2119483.1500000000</valUSD>
        <pctVal>0.0907458778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Venture Global Plaquemines LNG LLC</name>
        <lei>549300TKP4I6OJ02BF90</lei>
        <title>Venture Global Plaquemines LNG LLC 6.50 06/15/2034</title>
        <cusip>922966AF3</cusip>
        <identifiers>
          <isin value="US922966AF34"/>
          <ticker value="VEGLPL"/>
          <other otherDesc="SEDOL" value="BQ7XVN3"/>
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        <balance>896.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>928.3900000000</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>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>VERTICAL BRIDGE CC LLC</name>
        <lei>549300DKEDU9WZPGTC09</lei>
        <title>VERTICAL BRIDGE CC LLC 5.16</title>
        <cusip>92535VAQ5</cusip>
        <identifiers>
          <isin value="US92535VAQ59"/>
          <ticker value="VBTOW"/>
          <other otherDesc="SEDOL" value="BNRNCG2"/>
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        <balance>2235281.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2239798.9500000000</valUSD>
        <pctVal>0.0958972105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.163000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 2.00 09/20/2041</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300351B93"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="B59NZS7"/>
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        <balance>1234500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
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        <pctVal>0.3034156025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Italy Buoni Poliennali Del Tesoro</name>
        <lei>815600DE60799F5A9309</lei>
        <title>Italy Buoni Poliennali Del Tesoro 4.75 09/01/2044</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004923998"/>
          <ticker value="BTPS"/>
          <other otherDesc="SEDOL" value="B9B45S6"/>
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        <balance>7519000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>9797555.2300000000</valUSD>
        <pctVal>0.4194832830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Treasury Corp of Victoria</name>
        <lei>549300ZJM7BQW1P9UV75</lei>
        <title>Treasury Corp of Victoria 4.25 12/20/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU3SG0001175"/>
          <ticker value="TCV"/>
          <other otherDesc="SEDOL" value="BBG9VF9"/>
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        <balance>3600000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4360590000"/>
        <valUSD>2409519.3900000000</valUSD>
        <pctVal>0.1031638077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Singapore Government Bond</name>
        <lei>549300ZSV6VOGFH1ER70</lei>
        <title>Singapore Government Bond 2.88 07/01/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG3263998209"/>
          <ticker value="SIGB"/>
          <other otherDesc="SEDOL" value="BNMPKS1"/>
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        <balance>4240000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2721000000"/>
        <valUSD>3475698.2200000000</valUSD>
        <pctVal>0.1488123584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Advance Auto Parts Inc</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>Advance Auto Parts Inc 7.38 08/01/2033</title>
        <cusip>00751YAL0</cusip>
        <identifiers>
          <isin value="US00751YAL02"/>
          <ticker value="AAP"/>
          <other otherDesc="SEDOL" value="BPK4QV9"/>
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        <balance>4215000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4280859.3800000000</valUSD>
        <pctVal>0.1832854120</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>7.375000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Air Lease Corp</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corp (pfd) 4.65% 06/15/2174 Perpetual</title>
        <cusip>00912XBJ2</cusip>
        <identifiers>
          <isin value="US00912XBJ28"/>
          <ticker value="AL"/>
          <other otherDesc="SEDOL" value="BMZ9QP2"/>
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        <balance>5590000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5582404.3100000000</valUSD>
        <pctVal>0.2390111851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aircastle Ltd</name>
        <lei>549300PNK8AKY3OIKP58</lei>
        <title>Aircastle Ltd (pfd) 5.25% 09/15/2174 Perpetual</title>
        <cusip>00928QAW1</cusip>
        <identifiers>
          <isin value="US00928QAW15"/>
          <ticker value="AYR"/>
          <other otherDesc="SEDOL" value="BMJ1C23"/>
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        <balance>14089000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14117730.2900000000</valUSD>
        <pctVal>0.6044519996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 5.75 03/31/2034</title>
        <cusip>01309QAD0</cusip>
        <identifiers>
          <isin value="US01309QAD07"/>
          <ticker value="ACI"/>
          <other otherDesc="SEDOL" value="BVBCQJ2"/>
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        <balance>945000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>930563.8700000000</valUSD>
        <pctVal>0.0398421829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Nexstar Media Inc</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Media Inc 4.75 11/01/2028</title>
        <cusip>65336YAN3</cusip>
        <identifiers>
          <isin value="US65336YAN31"/>
          <ticker value="NXST"/>
          <other otherDesc="SEDOL" value="BMFNGQ5"/>
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        <balance>5790000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5758312.4900000000</valUSD>
        <pctVal>0.2465427110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</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>NiSource Inc</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc 5.35 07/15/2035</title>
        <cusip>65473PAX3</cusip>
        <identifiers>
          <isin value="US65473PAX33"/>
          <ticker value="NI"/>
          <other otherDesc="SEDOL" value="BTXYYZ4"/>
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        <balance>2661000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2716107.7900000000</valUSD>
        <pctVal>0.1162904200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.350000000000001</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>Northern Trust Corp</name>
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        <name>OBX 2024-J1 Trust</name>
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        <name>OBX 2025-J1 Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Occidental Petroleum Corp</name>
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      <invstOrSec>
        <name>Occidental Petroleum Corp</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ONNI Commerical Mortgage Trust 2024-APT</name>
        <lei>N/A</lei>
        <title>ONNI Commerical Mortgage Trust 2024-APT 5.75</title>
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          <isin value="US682939AA17"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp 5.38 07/15/2040</title>
        <cusip>68389XAM7</cusip>
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          <ticker value="ORCL"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp 4.80 09/26/2032</title>
        <cusip>68389XDK8</cusip>
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          <ticker value="ORCL"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp 5.20 09/26/2035</title>
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      <invstOrSec>
        <name>Ovintiv Inc</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>Ovintiv Inc 7.10 07/15/2053</title>
        <cusip>69047QAD4</cusip>
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          <ticker value="OVV"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Blue Owl Credit Income Corp</name>
        <lei>5493003I42XBWPE05N35</lei>
        <title>Blue Owl Credit Income Corp 7.75 01/15/2029</title>
        <cusip>69120VAW1</cusip>
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          <ticker value="OCINCC"/>
          <other otherDesc="SEDOL" value="BS88595"/>
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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>Blue Owl Technology Finance Corp</name>
        <lei>254900G5EZJSOD3UKL16</lei>
        <title>Blue Owl Technology Finance Corp 6.75 04/04/2029</title>
        <cusip>69121JAB3</cusip>
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          <ticker value="OTF"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>PennyMac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PennyMac Financial Services Inc 7.13 11/15/2030</title>
        <cusip>70932MAE7</cusip>
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          <ticker value="PFSI"/>
          <other otherDesc="SEDOL" value="BRJNYT5"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>PennyMac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PennyMac Financial Services Inc 6.88 02/15/2033</title>
        <cusip>70932MAF4</cusip>
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          <ticker value="PFSI"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
        <lei>254900OYVDRYS9J51J61</lei>
        <title>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 5.45 02/03/2036</title>
        <cusip>71568PAX7</cusip>
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          <ticker value="PLNIJ"/>
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        <balance>601000.0000000000</balance>
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        <valUSD>598987.4100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos 5.95 01/28/2031</title>
        <cusip>71654QDE9</cusip>
        <identifiers>
          <isin value="US71654QDE98"/>
          <ticker value="PEMEX"/>
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        <balance>10393000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10145397.1700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Piedmont Operating Partnership LP</name>
        <lei>549300WKGDPAS39FBD10</lei>
        <title>Piedmont Operating Partnership LP 6.88 07/15/2029</title>
        <cusip>720198AJ9</cusip>
        <identifiers>
          <isin value="US720198AJ95"/>
          <ticker value="PDM"/>
          <other otherDesc="SEDOL" value="BLCW561"/>
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        <balance>531000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>564445.1300000000</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>6.875000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Piedmont Operating Partnership LP</name>
        <lei>549300WKGDPAS39FBD10</lei>
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        <cusip>720198AK6</cusip>
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          <isin value="US720198AK68"/>
          <ticker value="PDM"/>
          <other otherDesc="SEDOL" value="BVMNMC9"/>
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        <balance>4600000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4626005.2700000000</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>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Plains All American Pipeline LP / PAA Finance Corp</name>
        <lei>N/A</lei>
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        <cusip>72650RBS0</cusip>
        <identifiers>
          <isin value="US72650RBS04"/>
          <ticker value="PAA"/>
          <other otherDesc="SEDOL" value="BVZMD86"/>
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        <balance>1936000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1965078.3100000000</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>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000001</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>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <cusip>73358WEK6</cusip>
        <identifiers>
          <isin value="US73358WEK62"/>
          <ticker value="PORTRN"/>
          <other otherDesc="SEDOL" value="B82C0F4"/>
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        <balance>450000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>419247.4100000000</valUSD>
        <pctVal>0.0179501188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.926000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>PRIO Luxembourg Holding Sarl</name>
        <lei>2221003VQP4JY7T31H94</lei>
        <title>PRIO Luxembourg Holding Sarl 6.75 10/15/2030</title>
        <cusip>74259PAA5</cusip>
        <identifiers>
          <isin value="US74259PAA57"/>
          <ticker value="PRIOBZ"/>
          <other otherDesc="SEDOL" value="BSLTZ73"/>
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        <balance>1915000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1909733.7500000000</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>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Provident Funding Mortgage Trust 2025-2</name>
        <lei>N/A</lei>
        <title>Provident Funding Mortgage Trust 2025-2 5.50</title>
        <cusip>74389DAD9</cusip>
        <identifiers>
          <isin value="US74389DAD93"/>
          <ticker value="PFMT"/>
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        <balance>7057876.8100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7114554.3800000000</valUSD>
        <pctVal>0.3046103398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Province of Quebec Canada</name>
        <lei>549300WN65YFEQH74Y36</lei>
        <title>Province of Quebec Canada 3.50 12/01/2048</title>
        <cusip>74814ZEW9</cusip>
        <identifiers>
          <isin value="CA74814ZEW91"/>
          <ticker value="Q"/>
          <other otherDesc="SEDOL" value="BYNWH87"/>
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        <balance>7300000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3616500000"/>
        <valUSD>4490922.0400000000</valUSD>
        <pctVal>0.1922792653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC 3.86 03/17/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3022397460"/>
          <ticker value="STANLN"/>
          <other otherDesc="SEDOL" value="BTVJGF5"/>
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        <balance>4500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>5441981.2900000000</valUSD>
        <pctVal>0.2329989598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.864000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Alpha Bank SA</name>
        <lei>213800DBQIB6VBNU5C64</lei>
        <title>Alpha Bank SA 4.31 07/23/2036</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3124434492"/>
          <ticker value="ALPHA"/>
          <other otherDesc="SEDOL" value="BV2D519"/>
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        <balance>4500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>5433646.6400000000</valUSD>
        <pctVal>0.2326421110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.308000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Israel Electric Corp Ltd</name>
        <lei>254900JW7GE35YNJGJ55</lei>
        <title>Israel Electric Corp Ltd 5.63 01/28/2038</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0012349887"/>
          <ticker value="ISRELE"/>
          <other otherDesc="SEDOL" value="BWQLPS3"/>
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        <balance>918000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>917595.1600000000</valUSD>
        <pctVal>0.0392869263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.633000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Kingdom of Belgium Government Bond</name>
        <lei>549300SZ25JZFHRHWD76</lei>
        <title>Kingdom of Belgium Government Bond 5.00 03/28/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0000304130"/>
          <ticker value="BGB"/>
          <other otherDesc="SEDOL" value="B013L37"/>
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        <balance>5220000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>7062900.5100000000</valUSD>
        <pctVal>0.3023987744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Kingdom Gilt</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Gilt 4.25 12/07/2055</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B06YGN05"/>
          <ticker value="UKT"/>
          <other otherDesc="SEDOL" value="B06YGN0"/>
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        <balance>3780000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>4378535.2900000000</valUSD>
        <pctVal>0.1874674156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>United Kingdom Gilt</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Gilt 4.50 12/07/2042</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1VWPJ53"/>
          <ticker value="UKT"/>
          <other otherDesc="SEDOL" value="B1VWPJ5"/>
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        <balance>954000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>1219821.8000000000</valUSD>
        <pctVal>0.0522267894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Japan Government Thirty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Thirty Year Bond 2.40 03/20/2037</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300261748"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="B1W62F1"/>
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        <balance>231950000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>1501976.8200000000</valUSD>
        <pctVal>0.0643072841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.400000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Japan Government Twenty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Twenty Year Bond 0.50 06/20/2038</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1201651J76"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BF2N6L4"/>
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        <balance>931000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>4717867.5900000000</valUSD>
        <pctVal>0.2019959611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.500000000000000</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>Spain Government Bond</name>
        <lei>9598007A56S18711AH60</lei>
        <title>Spain Government Bond 2.70 10/31/2048</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0000012B47"/>
          <ticker value="SPGB"/>
          <other otherDesc="SEDOL" value="BFX1703"/>
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        <balance>7100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>6881703.4900000000</valUSD>
        <pctVal>0.2946408063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.700000000000000</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>CNP Assurances</name>
        <lei>969500QKVPV2H8UXM738</lei>
        <title>CNP Assurances SA (pfd) 4.75% 12/27/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013336534"/>
          <ticker value="CNPFP"/>
          <other otherDesc="SEDOL" value="BFXX8Q2"/>
        </identifiers>
        <balance>3500000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>4221924.5600000000</valUSD>
        <pctVal>0.1807621119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Government Twenty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Twenty Year Bond 0.70 09/20/2038</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1201661JA3"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BGN70M1"/>
        </identifiers>
        <balance>906000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>4678682.1200000000</valUSD>
        <pctVal>0.2003182314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.700000000000000</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>Spain Government Bond</name>
        <lei>9598007A56S18711AH60</lei>
        <title>Spain Government Bond 1.85 07/30/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0000012E69"/>
          <ticker value="SPGB"/>
          <other otherDesc="SEDOL" value="BJRJGG0"/>
        </identifiers>
        <balance>2200000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>2327614.4400000000</valUSD>
        <pctVal>0.0996570393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.850000000000000</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>New Zealand Government Bond</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>New Zealand Government Bond 1.75 05/15/2041</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZGOVDT541C9"/>
          <ticker value="NZGB"/>
          <other otherDesc="SEDOL" value="BL58BK2"/>
        </identifiers>
        <balance>6040000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NZD" exchangeRt="1.6608540000"/>
        <valUSD>2398240.2200000000</valUSD>
        <pctVal>0.1026808890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000000</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>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV (pfd) 4.88% 05/16/2174 Perpetual</title>
        <cusip>N4578EKR8</cusip>
        <identifiers>
          <isin value="XS2122174415"/>
          <ticker value="INTNED"/>
          <other otherDesc="SEDOL" value="BLGM750"/>
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        <balance>9868000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9636149.0700000000</valUSD>
        <pctVal>0.4125726625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spain Government Bond</name>
        <lei>9598007A56S18711AH60</lei>
        <title>Spain Government Bond 2.70 01/31/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0000012O00"/>
          <ticker value="SPGB"/>
          <other otherDesc="SEDOL" value="BLGTZG8"/>
        </identifiers>
        <balance>10000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>11955099.6700000000</valUSD>
        <pctVal>0.5118587587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.700000000000000</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>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG (pfd) 7.13% 04/30/2174 Perpetual</title>
        <cusip>D18190PG3</cusip>
        <identifiers>
          <isin value="XS1071551391"/>
          <ticker value="DB"/>
          <other otherDesc="SEDOL" value="BMQX589"/>
        </identifiers>
        <balance>6500000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7308070000"/>
        <valUSD>8947367.0900000000</valUSD>
        <pctVal>0.3830823948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG (pfd) 4.63% 04/30/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000DL19VZ9"/>
          <ticker value="DB"/>
          <other otherDesc="SEDOL" value="BMV8772"/>
        </identifiers>
        <balance>4600000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>5444619.8800000000</valUSD>
        <pctVal>0.2331119313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Government Twenty Year Bond</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Twenty Year Bond 0.50 12/20/2041</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1201791N14"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BMWV004"/>
        </identifiers>
        <balance>831000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.7600000000"/>
        <valUSD>3730057.7100000000</valUSD>
        <pctVal>0.1597027847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.500000000000000</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>Australia Government Bond</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>Australia Government Bond 1.75 06/21/2051</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000097495"/>
          <ticker value="ACGB"/>
          <other otherDesc="SEDOL" value="BMZCKG0"/>
        </identifiers>
        <balance>4300000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4360590000"/>
        <valUSD>1524850.3000000000</valUSD>
        <pctVal>0.0652866144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000000</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>Erste Group Bank AG</name>
        <lei>PQOH26KWDF7CG10L6792</lei>
        <title>Erste Group Bank AG (pfd) 4.25% 04/15/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000A2L583"/>
          <ticker value="ERSTBK"/>
          <other otherDesc="SEDOL" value="BN13P81"/>
        </identifiers>
        <balance>7000000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>8347874.6100000000</valUSD>
        <pctVal>0.3574150658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>Skandinaviska Enskilda Banken AB (pfd) 6.88% 12/30/2174 Perpetual</title>
        <cusip>W8T54FK56</cusip>
        <identifiers>
          <isin value="XS2479344561"/>
          <ticker value="SEB"/>
          <other otherDesc="SEDOL" value="BN2SXV4"/>
        </identifiers>
        <balance>7200000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7395442.8500000000</valUSD>
        <pctVal>0.3166366071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Italy Buoni Poliennali Del Tesoro</name>
        <lei>815600DE60799F5A9309</lei>
        <title>Italy Buoni Poliennali Del Tesoro 1.70 09/01/2051</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005425233"/>
          <ticker value="BTPS"/>
          <other otherDesc="SEDOL" value="BN4NT20"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>360639.3500000000</valUSD>
        <pctVal>0.0154408090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.700000000000000</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>Bundesrepublik Deutschland Bundesanleihe</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>Bundesrepublik Deutschland Bundesanleihe 1.80 08/15/2053</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0001102614"/>
          <ticker value="DBR"/>
          <other otherDesc="SEDOL" value="BN6NGB6"/>
        </identifiers>
        <balance>3330000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>2779934.6900000000</valUSD>
        <pctVal>0.1190231750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.800000000000000</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>Sweden Government Bond</name>
        <lei>ERE94C0BSULG2RM19605</lei>
        <title>Sweden Government Bond 1.75 11/11/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017830730"/>
          <ticker value="SGB"/>
          <other otherDesc="SEDOL" value="BN7T5J4"/>
        </identifiers>
        <balance>29000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="SEK" exchangeRt="8.9075000000"/>
        <valUSD>3068311.5400000000</valUSD>
        <pctVal>0.1313700579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000000</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>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni SpA 4.25 05/19/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2623956773"/>
          <ticker value="ENIIM"/>
          <other otherDesc="SEDOL" value="BNBXP03"/>
        </identifiers>
        <balance>5410000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>6750330.5500000000</valUSD>
        <pctVal>0.2890160610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000000</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>Treasury Corp of Victoria</name>
        <lei>549300ZJM7BQW1P9UV75</lei>
        <title>Treasury Corp of Victoria 2.25 09/15/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU3SG0002504"/>
          <ticker value="TCV"/>
          <other otherDesc="SEDOL" value="BNDC0S1"/>
        </identifiers>
        <balance>6900000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4360590000"/>
        <valUSD>3954267.9000000000</valUSD>
        <pctVal>0.1693023659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>New Zealand Government Bond</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>New Zealand Government Bond 4.50 05/15/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZGOVDT535C1"/>
          <ticker value="NZGB"/>
          <other otherDesc="SEDOL" value="BPX2VW6"/>
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        <balance>49350000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NZD" exchangeRt="1.6608540000"/>
        <valUSD>29676132.1400000000</valUSD>
        <pctVal>1.2705864926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Finland Government Bond</name>
        <lei>743700M6Y2OQRVSBRD14</lei>
        <title>Finland Government Bond 1.50 09/15/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000523238"/>
          <ticker value="RFGB"/>
          <other otherDesc="SEDOL" value="BPXZK51"/>
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        <balance>7500000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>8212684.7000000000</valUSD>
        <pctVal>0.3516268966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA (pfd) 7.88% 07/18/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400F877"/>
          <ticker value="SOCGEN"/>
          <other otherDesc="SEDOL" value="BQFM8Q4"/>
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        <balance>1600000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>2071867.7400000000</valUSD>
        <pctVal>0.0887072194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credit Mutuel Arkea SA</name>
        <lei>96950041VJ1QP0B69503</lei>
        <title>Credit Mutuel Arkea SA 4.81 05/15/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400PZV0"/>
          <ticker value="CMARK"/>
          <other otherDesc="SEDOL" value="BQSB266"/>
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        <balance>3000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436330000"/>
        <valUSD>3726189.6600000000</valUSD>
        <pctVal>0.1595371738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.810000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Discovery Communications LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>Discovery Communications LLC 3.95 03/20/2028</title>
        <cusip>25470DAR0</cusip>
        <identifiers>
          <isin value="US25470DAR08"/>
          <ticker value="WBD"/>
          <other otherDesc="SEDOL" value="BDG75T9"/>
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        <balance>2435000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2351804.1600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.950000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Discovery Communications LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>Discovery Communications LLC 5.00 09/20/2037</title>
        <cusip>25470DBY4</cusip>
        <identifiers>
          <isin value="US25470DBY40"/>
          <ticker value="WBD"/>
          <other otherDesc="SEDOL" value="BQKR604"/>
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        <balance>3049000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2358005.1300000000</valUSD>
        <pctVal>0.1009582197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</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>Discovery Communications LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>Discovery Communications LLC 4.13 05/15/2029</title>
        <cusip>25470DCA5</cusip>
        <identifiers>
          <isin value="US25470DCA54"/>
          <ticker value="WBD"/>
          <other otherDesc="SEDOL" value="BV6FZ55"/>
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        <balance>5445000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5293846.8000000000</valUSD>
        <pctVal>0.2266565672</pctVal>
        <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>4.125000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Dresdner Funding Trust I</name>
        <lei>549300ZEO4BKB37E3J03</lei>
        <title>Dresdner Funding Trust I 8.15 06/30/2031</title>
        <cusip>26156FAA1</cusip>
        <identifiers>
          <isin value="US26156FAA12"/>
          <ticker value="CMZB"/>
          <other otherDesc="SEDOL" value="2423780"/>
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        <balance>4650000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5129482.4700000000</valUSD>
        <pctVal>0.2196192924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.151000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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 Florida LLC</name>
        <lei>7MOHLM3DKE63RX2ZCN83</lei>
        <title>Duke Energy Florida LLC 4.85 12/01/2035</title>
        <cusip>26444HAU5</cusip>
        <identifiers>
          <isin value="US26444HAU59"/>
          <ticker value="DUK"/>
          <other otherDesc="SEDOL" value="BR11572"/>
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        <balance>1308000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1299888.2400000000</valUSD>
        <pctVal>0.0556548418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.850000000000001</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>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>Electricite de France SA 6.95 01/26/2039</title>
        <cusip>268317AC8</cusip>
        <identifiers>
          <isin value="US268317AC80"/>
          <ticker value="EDF"/>
          <other otherDesc="SEDOL" value="B3L9B69"/>
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        <balance>4096000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4578249.6900000000</valUSD>
        <pctVal>0.1960182071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.950000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties 4.95 04/15/2028</title>
        <cusip>26884UAE9</cusip>
        <identifiers>
          <isin value="US26884UAE91"/>
          <ticker value="EPR"/>
          <other otherDesc="SEDOL" value="BFNSMR6"/>
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        <balance>2040000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2059848.5900000000</valUSD>
        <pctVal>0.0881926183</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>4.950000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Eagle Funding Luxco Sarl</name>
        <lei>894500VDP08MVIZ6OA60</lei>
        <title>Eagle Funding Luxco Sarl 5.50 08/17/2030</title>
        <cusip>26951TAA8</cusip>
        <identifiers>
          <isin value="US26951TAA88"/>
          <ticker value="MEXPCP"/>
          <other otherDesc="SEDOL" value="BPQY118"/>
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        <balance>13000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13221910.0000000000</valUSD>
        <pctVal>0.5660973665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Eagle Materials Inc</name>
        <lei>529900KRXRGXL61SG039</lei>
        <title>Eagle Materials Inc 5.00 03/15/2036</title>
        <cusip>26969PAC2</cusip>
        <identifiers>
          <isin value="US26969PAC23"/>
          <ticker value="EXP"/>
          <other otherDesc="SEDOL" value="BRBR6C2"/>
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        <balance>2811000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2753367.2500000000</valUSD>
        <pctVal>0.1178856874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA 7.75 02/01/2032</title>
        <cusip>279158AW9</cusip>
        <identifiers>
          <isin value="US279158AW93"/>
          <ticker value="ECOPET"/>
          <other otherDesc="SEDOL" value="BP4C9F4"/>
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        <balance>3660000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3760551.1800000000</valUSD>
        <pctVal>0.1610083656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Elara Hgv Timeshare Issuer 2025-A LLC</name>
        <lei>N/A</lei>
        <title>Elara Hgv Timeshare Issuer 2025-A LLC 4.54</title>
        <cusip>28416VAA8</cusip>
        <identifiers>
          <isin value="US28416VAA89"/>
          <ticker value="EHGVT"/>
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        <balance>11392581.6500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11397080.5800000000</valUSD>
        <pctVal>0.4879671169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.540000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Elmwood CLO Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 24 Ltd 5.42</title>
        <cusip>290020AQ9</cusip>
        <identifiers>
          <isin value="US290020AQ94"/>
          <ticker value="ELM24"/>
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        <balance>7625000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7669606.2500000000</valUSD>
        <pctVal>0.3283749398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.417630000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Emera Inc</name>
        <lei>NQZVQT2P5IUF2PGA1Q48</lei>
        <title>Emera Inc 6.75 06/15/2076</title>
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          <isin value="US290876AD37"/>
          <ticker value="EMACN"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
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          <isin value="US15089QBC78"/>
          <ticker value="CE"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Centene Corp</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
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          <isin value="US15135BAT89"/>
          <ticker value="CNC"/>
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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>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cenovus Energy Inc</name>
        <lei>549300F4XPHJ7NOSP309</lei>
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          <isin value="US15135UBB44"/>
          <ticker value="CVECN"/>
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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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          <maturityDt>2036-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cerberus Loan Funding LP</name>
        <lei>635400YPAUXKTFEV3V98</lei>
        <title>Cerberus Loan Funding XXXIX LP 5.07</title>
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          <isin value="US15673VAG05"/>
          <ticker value="CERB"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2023-R05</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R05 5.60</title>
        <cusip>207942AA1</cusip>
        <identifiers>
          <isin value="US207942AA18"/>
          <ticker value="CAS"/>
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        <balance>3849221.6900000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.597280000000000</annualizedRt>
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      <invstOrSec>
        <name>CoreWeave Inc</name>
        <lei>984500511DP2B6186053</lei>
        <title>CoreWeave Inc 9.25 06/01/2030</title>
        <cusip>21873SAB4</cusip>
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          <isin value="US21873SAB43"/>
          <ticker value="CRWV"/>
          <other otherDesc="SEDOL" value="BVF9138"/>
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        <curCd>USD</curCd>
        <valUSD>3189800.1500000000</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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Corp Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>Corp Nacional del Cobre de Chile 5.53 01/30/2037</title>
        <cusip>21987BBQ0</cusip>
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          <isin value="US21987BBQ05"/>
          <ticker value="CDEL"/>
          <other otherDesc="SEDOL" value="BWRQ598"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ginnie Mae</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2SF 5 2/26 MBS 30yr</title>
        <cusip>21H050623</cusip>
        <identifiers>
          <isin value="US21H0506236"/>
          <ticker value="G2SF"/>
          <other otherDesc="SEDOL" value="BMVLWW1"/>
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        <balance>5891000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5890979.5600000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</annualizedRt>
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        <securityLending>
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        <name>Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC</name>
        <lei>N/A</lei>
        <title>Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC 5.60 01/15/2031</title>
        <cusip>22207AAC6</cusip>
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          <ticker value="COTY"/>
          <other otherDesc="SEDOL" value="BVZH9M7"/>
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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>Cox Communications Inc</name>
        <lei>5493001NEDZNIFRP2R92</lei>
        <title>Cox Communications Inc 5.70 06/15/2033</title>
        <cusip>224044CS4</cusip>
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          <ticker value="COXENT"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CyrusOne Data Centers Issuer I LLC</name>
        <lei>N/A</lei>
        <title>CyrusOne Data Centers Issuer I LLC 0.00</title>
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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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      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust 2020-2</name>
        <lei>N/A</lei>
        <title>Deephaven Residential Mortgage Trust 2020-2 6.40</title>
        <cusip>24380NAE9</cusip>
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          <isin value="US24380NAE94"/>
          <ticker value="DRMT"/>
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        <assetCat>ABS-MBS</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>Dell International LLC / EMC Corp</name>
        <lei>254900ZARLSVK41DKO78</lei>
        <title>Dell International LLC / EMC Corp 5.30 04/01/2032</title>
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          <ticker value="DELL"/>
          <other otherDesc="SEDOL" value="BRF3FL8"/>
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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>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc 10.75 08/01/2069</title>
        <cusip>59156RAV0</cusip>
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          <isin value="US59156RAV06"/>
          <ticker value="MET"/>
          <other otherDesc="SEDOL" value="B3Q5R19"/>
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        <curCd>USD</curCd>
        <valUSD>2914320.2300000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.750000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLINT WATER ADVOCACY FUND</name>
        <lei>N/A</lei>
        <title>Michigan Strategic Fund 3.23% 09/01/2047</title>
        <cusip>594698SJ2</cusip>
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          <isin value="US594698SJ24"/>
          <ticker value="MISGEN"/>
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        <balance>1600000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1231181.9200000000</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>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.225000000000000</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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Capital I Trust 2018-L1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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          <isin value="US61747YFJ91"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <name>Morgan Stanley Capital I Trust 2018-H3</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust 2023-4</name>
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      <invstOrSec>
        <name>Morgan Stanley Private Bank NA</name>
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        <name>Nationwide Building Society</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group PLC</name>
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        <name>New Economy Assets - Phase 1 Sponsor LLC</name>
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        <name>NEW JERSEY TURNPIKE</name>
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        <name>Intercontinental Exchange Inc</name>
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        <name>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>MARKIT CDX.NA.HY.45 12/30</title>
        <cusip>SPDX0BBS2</cusip>
        <identifiers>
          <ticker value="/CDS"/>
          <other otherDesc="Internal ID" value="SPDX0BBS2"/>
        </identifiers>
        <balance>17820000.0000000000</balance>
        <units>OU</units>
        <descOthUnits>Swap Contract Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>1599983.7300000004</valUSD>
        <pctVal>0.0685034595</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-20</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Markit CDX North America High Yield Index</issuerName>
                <issueTitle>Markit CDX North America High Yield Index Series 45</issueTitle>
                <identifiers>
                  <ticker value="CDX.NA.HY"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="103950.0000000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.000000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Markit CDX North America High Yield Index Series 45" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-12-20</terminationDt>
            <upfrontPmnt>1313640.190000001300</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>17820000.0000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>286343.54000000004</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-27</ncom:dateSigned>
      <ncom:nameOfApplicant>American Century International Bond Funds</ncom:nameOfApplicant>
      <ncom:signature>Amy R. Bitter</ncom:signature>
      <ncom:signerName>Amy R. Bitter</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
